News

MDA insists its Budget proposals as agreed before general election

Saturday, September 16th, 2017

The Malta Developers Association presented a substantial document with concrete proposals for Budget 2018, some of which can be implemented immediately.

MDA President Sandro Chetcuti, who headed a delegation of Council members, augured that the Prime Minister and his Government would continue to achieve further progress and success in its endeavours to take the country to the next level. He praised Government’s initiatives that have truly brought the best of times in terms of employment and a booming economy.

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Both PN leadership contenders request meeting with MDA

Sunday, September 10th, 2017

The two Nationalist Party leadership contenders, Dr Adrian Delia and Dr Chris Said, held separate meetings with the Malta Developers Association Council. The meetings, held at the request of the two candidates, turned out to be two long, fruitful discussions.

Both Dr Delia and Dr Said acknowledged the good work of the MDA and its highly valid contribution to the country.

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older news

MDA promotes sustainable development

The Malta Developers Association was set up between 2010 and 2011, and has steadily grown to represent building contractors, real estate developers and real estate agencies in Malta. One of the foci of their activities and information releases is targeted towards better informing its members about good practice and sustainable development through practical examples of works carried out. Through press releases they also indirectly inform the general public on topical issues and legislation related to the building industry in general.

Sustainable development issues are not only related to the use of ‘green’ products and technologies or to the estimation of lifecycle costs. For contractors and property developers, sustainability incentives (October 2014) are also related to current tax regimes, monetary incentives, energy performance and the adoption of green technologies. This includes the adaption of alternative energy grant schemes to allow commercial entities, such as developers, to participate along with home owners (2013).

During 2012, a number of press releases reflected the issues at the time related to the sustainability of investment in property development for domestic dwellings. Although the press releases were aimed primarily at the Government, they acted as a public forum for discussion and dissemination of information to the public on the current state of the building industry.

In a press release issued in October 2011, MDA brought to the fore the issue of sustainability of extraction of raw materials (limestone blocks and spalls) and other issues related to quarrying and recycling of building inert waste streams. Other issues tackled by the MDA related to bank loans for developers and homeowners, especially first-time buyers, and how these affect the financial liquidity necessary for a lively property market.

By taking up issues on behalf of its members, the MDA promotes the informal education of its inexperienced members, who would learn the ropes under the guidance of more experienced contractors and developers.

By having estate agents on board and also selling their own properties, members of the Association have an accurate grasp of market trends and factors that both affect the sustainability of the construction sector as well as identifying trends in client demand and adoption of available technologies.

Other important issues that are being tackled together with other entities, such as the Central Bank of Malta, the Building Industry Consultative Council and the National Statistics Office, is the quantification of the existing building stock and to establish a property price index (2013 to date). These are two critical parameters that would allow an accurate evaluation of the health and sustainability of the building industry.

While all this information is primarily directed towards informal adult education, there is also an impact on the demand on vocational educational facilities, such as at the Malta College of Arts, Science and Technology (MCAST) for construction-related courses as well as the professional specialisations offered by the Faculty of the Built Environment at the University of Malta.

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