Business Of Property Developer Companies in Malaysia
Property developers in Malaysia are involved in the business of acquiring land, planning, designing, constructing, marketing and selling of properties. These activities are usually carried out by registered property companies which are either public listed companies or private companies. In order to operate as a property developer in Malaysia, one must first obtain the relevant license from the Ministry of Urban Wellbeing, Housing and Local Government.
The property development industry in Malaysia is a significant contributor to the country’s economy, with the total value of completed properties reaching RM257.4 billion in 2015. The industry is also one of the largest employers in the country, with an estimated 528,700 people employed in the sector in 2015.
The property development industry in Malaysia is highly competitive, with developers often vying for prime land locations. In order to succeed, developers need to have a good understanding of the market, be able to identify potential growth areas and have the financial resources to acquire land and construct properties.
The property development industry in Malaysia is a significant contributor to the country’s economy, with the total value of completed properties reaching RM257.4 billion in 2015. The industry is also one of the largest employers in the country, with an estimated 528,700 people employed in the sector in 2015.
The property development industry in Malaysia is highly competitive, with developers often vying for prime land locations. In order to succeed, developers need to have a good understanding of the market, be able to identify potential growth areas and have the financial resources to acquire land and construct properties.
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