![Sample our Social Sciences journals, sign in here to start your FREE access for 14 days]({"type":"image" , "src" : "/sda/110822/TOC-Subject-Sample-2021-Social-Sciences.jpg"})
Abstract
To tackle the problem of abandoned housing projects and improve the quality of housing, the Malaysian Government has proposed a new housing delivery system known as Build Then Sell (BTS). To encourage BTS, the government has introduced a fast-track planning approval process, a waiver of a deposit for a developer's license and an exemption for low-cost houses. However, many developers are reluctant to implement BTS. This study aims to identify factors that influence housing developers’ readiness to implement BTS. Readiness theory has been used to construct a housing developer BTS readiness model. A questionnaire-based survey was carried out with developers in the major cities of Malaysia. Statistical analyses such as descriptive analysis and multiple regression analysis were used to analyse the data. The findings here revealed that external support and market readiness are the two most important factors influencing Malaysian developers’ readiness to implement BTS. This implies that reassessing government incentives, educating home buyers about BTS and improving the role of finance institutions will help to facilitate the implementation of BTS in Malaysia.
Acknowledgements
The authors acknowledge the financial support of the National Real Estate Research Coordinator of Malaysia and the Malaysian Government Research University Grant, which made this paper possible. Special thanks go to Dr Frederick L. Dembowski, the president of the International Association of Organizational Innovation, who allowed the authors to reproduce part of the article which was earlier published in the International Journal of Organizational Innovation (IJOI). The authors also wish to acknowledge the two anonymous referees and the managing editor of Housing Studies for their constructive comments, which have greatly improved the paper.
