KUALA LUMPUR: The National House Buyers Association (HBA) has proposed a variant to the ‘build-and-sell’ concept, where buyers will pay 10% of the housing cost as a deposit for development of the project.
The developer will have no access to the payment, which would be held either by the developer’s lawyer as the stakeholder, or in a trust account, said HBA secretary-general Chang Kim Loong.
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