Top 10 property developers in Malaysia

Whether it is small-scale home builders or well-established property developers, quality is what buyers look for when it comes to purchasing a house.

Top-10-Property-Developers-in-Malaysia

© Hellen Sergeyeva/ 123RF

Besides good location and affordability, a reputable developer is also one of the buyers’ considerations when buying a property for investment. However, while reputable developers with years of reliable track record are a plus point, some said the lesser-known developers could also be a good bet when it comes to buying property.

A good real estate developer needs to have a comprehensive understanding of planning laws and construction requirements, alongside an appreciation for how to realise a good investment return. The importance of choosing a good developer can be determined by successful previous projects, quality branded products and services, financial stability, revenue as well as a clear time frame and plan.

Hence, one of the most common things to look out for when buying a property is the developer’s reputation, as well as its value in the market. Below is the list of 10 leading property developers in Malaysia that have made their way to the top with proven track records. This is based on the 2019 Top 10 Developers – People’s Choice Award by iProperty.com.my’s annual prestigious award, iProperty Development Excellence Awards (iDEA).

These local property developers were chosen based on the highest number of votes cast by members of the public and the results were independently verified by iDEA’s balloting partner, PwC Malaysia. The properties are ranked in alphabetical order.

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Note: The People’s Choice Award is awarded to the best local property developers based on the highest number of votes cast by members of the public and the results were independently verified by iDEA’s balloting partner, PwC Malaysia.

1. Eastern & Oriental Bhd

© Eastern & Oriental Bhd

Eastern & Oriental Bhd has established a reputation as a premier lifestyle property developer with a proven track record. Having built a property portfolio across a series of exclusive addresses in Kuala Lumpur and Penang Island, the Group has ventured into new growth areas such as Iskandar Malaysia, as well as further afield with its international foray in Central London.

Eastern & Oriental Bhd has forged solid partnerships with industry giants like Khazanah Nasional Berhad and Temasek Holdings (Pte) Ltd for its 207-acre master-planned Avira development in Medini, Iskandar Malaysia, Japan’s Mitsui Fudosan Residential for The Mews serviced residences in the KL CBD and a few more in Tanjung Pinang.

2. Glomac Bhd

© Glomac Bhd

Listed on the Main Board of Bursa Malaysia Securities Berhad, Glomac Bhd has established a trusted reputation as a responsible and visionary property developer with its solid record of developing townships, residential, commercial and mixed development properties. To date, they have completed more than a total sales value of over RM8.8 billion and moving forward Glomac Berhad is launching more than RM900 million worth of properties.

Glomac Berhad will be launching three phases of Seri Kenanga at Saujana Perdana, Sungai Buloh, in the second half of 2020. Two phases comprise 214 units of two-storey terrace house priced at around RM500,000 (Bumiputera units), while another phase of two-storey townhouse priced at RM 250,000 will be offered for sale under the “Rumah Selangorku (RSKU)”. The townhouses are scheduled to complete construction in 2023.

There’s an array of new launch property developments by Glomac Bhd for buyers to browse through. Such as:

Glomac is also responsible for several successful developments in Kelana Jaya such as Kelana Business Centre, Kelana Centre Point, Dataran Glomac, Plaza Glomac, and Glomac Business Centre.

READ: Top 5 areas in Malaysia for properties below RM 500,000

3. Ideal Property Group

© Ideal Property Group

From high-rise luxury condominiums to landscaped residential properties, Ideal Property Group brings together community-focused, energy-saving, and environmentally sustainable elements to build quality developments.

With more than 6,000 completed residential and commercial development units and 15,000 more in the pipeline, the Group’s growing portfolio of projects has made Ideal Property Group a trusted market-leading name constantly at the forefront of property development in Penang. One of it is Queens Waterfront in Bayan Lepas.

Ideal Property Group has a roster of local and international awards for excellence in areas such as construction, architecture, and community planning development. It attests to our proven track record of quality, innovative, and high-value products that continue to attract buyers and investors.

4. IOI Properties Group Bhd

© IOI Properties Group Bhd

IOI Properties Group Bhd is among the largest property development corporations in Malaysia. Its roots can be traced back to 1984. In that year, the IOI Group began its venture into property development by acquiring Bukit Kelang Development Sdn Bhd, Rapat Jaya Sdn Bhd, and Eng Hup Industries Sdn Bhd.

In 1990, IOI Properties commenced the development of Bandar Puchong Jaya. Today, it is one of the most comprehensive self-contained township developments in the Klang Valley. Ever since then, it has expanded its presence southwards to strategic locations in Negeri Sembilan, Melaka, Johor, and even down to Singapore.

IOI Properties also has new launch projects in Johor and Penang. These are the bungalows and Semi-D houses: 

5. LBS Bina Group Bhd

© LBS Bina Group Bhd

LBS Bina Group Bhd humbly began in the early 1960s, where the company ventured into the construction business in a small town called Petaling Jaya. They have since then went on to develop the now-iconic Taman Perindustrian Bukit Serdang Seksyen 14, Taman Pinggiran Putra, and one of their most ambitious township projects; Bandar Saujana Putra.

To date, LBS Bina has 2,659 acres of the undeveloped land bank. The group’s future launches include a mix of high-rise and landed residences, spanning from affordable to premium range homes as well as commercial developments.

In support of the Government’s efforts to house more Malaysians, LBS Bina continues to play a proactive role in providing more affordable home options with upcoming developments like the Rumah Selangorku in Bandar Saujana Putra and Perumahan Penjawat Awam 1Malaysia (PPA1M) in Bukit Jalil.

LBS Bina has new launch projects in Pahang, Johor, and Selangor. Some of the projects have been completed and open for sale while some of them are still ongoing. Here are the projects:

6. Mah Sing Group Bhd

mahsing-group-berhad

© Mah Sing Group Bhd

The Mah Sing Group Bhd is another top property developer in Malaysia. It first ventured into property development in 1994 and has built up a track record of 47 projects throughout Malaysia and sold about 39,000 units to date. Their first township development, launched in 2000, was the Sri Pulai Perdana development in Skudai, Johor which also had the distinction of being the first gated-and-guarded link home project in Johor.

In 2012, the group launched their fully gated-and-guarded Southville City township project with carefully planned, family-friendly green neighbourhoods. The 428-acre project has a Gross Development Value (GDV) of RM11.1 billion. Other major ongoing projects include M Vertica in Cheras, M Centura in Sentul, and M Aruna in Rawang.

Also, check out:

7. Malaysia Land Properties Sdn Bhd

© Malaysia Land Properties Sdn Bhd

Malaysia Land Properties Sdn Bhd (Mayland) was incorporated in 1995 and after which developed into a major developer today. Mayland is recognised as one of the leading developers in Malaysia with significant developments in prime areas such as Kuala Lumpur, Selangor, Putrajaya, and Johor.

Mayland is well-known as the pioneer developer of serviced apartments in Malaysia. Their first and prominent project was Mayfair and Dorchester in Plaza Damas, Kuala Lumpur, and the same concept is being adapted for many of their key projects.

Throughout the years, Mayland has established a property investment division that holds a truly diversified portfolio of properties which include shopping malls, office buildings, shop lots, car parks, serviced apartments or residences, condominiums, and hotels. Mayland also offers Rumah Mampu Milik (Bumiputera lot only) and Rent-to-Own under Parc Regency (Elderberry Tower) project.

READ: 7 government housing schemes available for B40 and M40 groups

8. Matrix Concepts Holdings Bhd

© Matrix Concepts Holdings Bhd

Matrix Concepts Holdings Bhd (Matrix) was incorporated in 1996 and was listed on the main board of Bursa Malaysia Securities Berhad on May 28, 2013. The principal business activities focus on four main pillars, Property development, Construction, Education, and Hospitality.

Matrix’s projects live up to its tagline of “Nurturing Environments, Enriching Lives” by being a caring and community developer, providing premier and quality education for the future generation and to inculcate integrated sustainable communities in all the developments. Matrix has shaped Bandar Sri Sendayan in Seremban into an all-in self-sustaining township with a perfect blend of business opportunities and life fulfilment. There a few new projects in Bandar Sri Sendayan. To name a few – Lunaria III, Ervina, Clover, Crisantha, Cadena, and Sendayan Metropark Commercial Lots.

As at the end of FY2019 Matrix has completed and delivered more than 6,450 residential and commercial properties in Malaysia and Australia with a Gross Development Value (GDV) of RM3.67 billion over the last 5 years. The Group’s combined on-going and future GDV is approximately RM15 billion until 2027. Among Matrix’s new launch projects are:

9. Platinum Victory Development Sdn Bhd

© Platinum Victory Development Sdn Bhd

Backed with decades of experience in the property development industry, Platinum Victory is set to continue creating magical moments for its clientele. Popular with its high-rise projects in the city especially in Setapak with the acronym PV, it is recognised as one of the most sought-after developers in Kuala Lumpur for its practical and reasonable developments, be it residential or commercial.

Delivering over 10,000 homes and shops with comfortable sizes and practical layouts through the years, Platinum Victory has carved its name as a reputable developer of quality. Holding to sustainable improvements and innovation towards excellence, its business model has charted many defining moments for Platinum Victory. It’s PV 9 Residences is open for registration and is expected to complete construction in June 2022.

10. UEM Sunrise Bhd

© UEM Sunrise Bhd

UEM Sunrise Bhd is the flagship property development vehicle of Khazanah Nasional Berhad, the strategic investment fund of the Government of Malaysia. It is currently the master developer of Iskandar Puteri in Johor, which is on its way to being the largest fully integrated urban development in Southeast Asia.

The company has cemented its reputation as one of the most trusted property developers in the country, which was proven in its 50th anniversary celebrated in 2018. Their projects include some of the most sought-after properties in affluent areas such as Mont Kiara and Solaris Dutamas (Residensi Solaris Parq) in Kuala Lumpur; Bukit Jelutong in Shah Alam; as well as Cyberjaya.

In 2018 the company launched 5 new projects with a total GDV of RM907 million. The company has successfully expanded operations overseas to Canada, Australia, and South Africa. Here are UEM Sunrise’s new launch projects for potential homebuyers to check out:

ALSO READ: Malaysia’s Top 7 High-Rise Properties with the Highest Rental Yield in 2019

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