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Top 10 Property Developers in Malaysia

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property developer

Buying a home is a lifetime investment, and you can’t afford to take any chances with that. Doing some prior research to choose the right developer is rewarding. As you know, Malaysia is one of the fastest-growing economies in the world. It boasts many quality real estate developers offering properties of world-class designs within carefully planned neighbourhoods.

So, here are a list of the top 10 developers in Malaysia (not in order of wealth or investment) who has a good track record of developing and delivering property on their real estate development projects:


1. UEM Sunrise

UEM Sunrise

Source: UEM Sunrise

UEM Sunrise is a public-listed company and one of the leading property developers, and one of the largest companies in Malaysia. It is a member of the UEM Group, and its international presence has made it one of the best-known developers in Malaysia.

Like some of the other developers on this list, UEM offers various property types, including high-rise residential towers and macro townships. It is one of the leading companies for township and property development businesses. In addition, the company is famous for large scale infrastructure projects.

UEM Sunrise has core competencies in macro township development, high-rise residential, commercial, retail and integrated developments, and property management services. The company has extended its mark internationally with acclaimed properties in Singapore, Australia, Canada and South Africa.

Not only is it a member of the established UEM Group. In addition, it’s owned by Khazanah – one of the government’s investments holding arms.


2. Eco World

Eco world

Source: Eco World

Eco World Development Group Berhad is a public listed Malaysian company involved mainly in property development.

It has become a very respected and sought-after developer and brand name in a relatively short period of time. They've undertaken a total of 20 projects with a gross development value (GDV) exceeding RM87 billion, covering new townships, integrated commercial developments, luxury high rise apartment complexes and green business parks.

In Malaysia, they've established their mark with Eco Sky and Eco Majestic in Klang Valley; Eco Botanic and Eco Spring in Iskandar, Johor; as well as Eco Terraces in Penang. They've also ventured overseas and now have projects in the United Kingdom and Australia.


3. S P Setia

S P Setia

Source: S P Setia

S P Setia has established a strong brand presence in Malaysia and overseas, a brand synonymous with quality, reliability and value creation. S P Setia is also at the forefront of branding in the property industry in Malaysia, being the pioneer in coining the renowned Live-Learn-Work-Play concept, which is trademarked by the company as well as ECO philosophy in all S P Setia’s developments, making it a highly regarded brand in the industry.

Their quality products and their sensitivity to customers’​ needs and aspirations have also contributed to S P Setia’s sterling reputation as a property developer. A multiple award-winning public listed company, S P Setia ceaselessly strives to produce innovative and quality products for Malaysians and international communities. Their well-received products range from townships to Eco-homes, luxury homes, high rise residences, retail & commercial and integrated developments.

SP Setia started in the 70s. Today, it is a household name in Malaysia, with major successful developments such as Bandar Kinrara, Bandar Baru Sri Petaling, Setia Alam and Setia Eco Park.

They recently announced plans to launch projects with GDV of RM2.17 billion by year-end and are currently focusing on mid-range landed properties. They're a true giant in the industry with 46 ongoing projects and an effective remaining land bank of close to 9,000 acres! Overseas, they've also felt with projects in the United Kingdom, China, Japan, Vietnam, Singapore, and Australia.


4. Gamuda Land

Gamuda Land

Source: Gamuda Land

Gamuda Land is the property development division of Gamuda Berhad. Established in 1995, Gamuda Land is the property development arm of Gamuda Berhad, the leading engineering, construction and infrastructure group in Malaysia.

Gamuda Land is a monumental nation builder with a spectrum of experience and expertise in engineering, construction and infrastructure concessions. For over two decades, Gamuda Land has been steadfastly building up a proven track record of delivering innovative developments and creating holistic, sustainable communities.

It has experience in developing townships, high-rise developments, country clubs and commercial centres. Some of its high profile, award-winning projects in Malaysia include Horizon Hills, Kota Kemuning, Jade Hills and Valencia, among others; more notably, its international foothold is further strengthened by its overseas projects in Australia, Singapore and Vietnam, respectively, some of which have also won prestigious business awards.


5. Mah Sing Group

Mahsing

Source: MahSing

Recognized throughout Malaysia as the leading property developer for more than 20 years, Mah Sing Group Berhad has a proven track record of developing and completing prime residential and commercial projects strategically across Malaysia’s property hotspots.

The Mah Sing Group first ventured into property development in 1994. To date, it has built up a track record of 47 projects throughout Malaysia and sold about 39,000 units. 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.

Clearly, Mah Sing takes their stated goal of becoming the most innovative Malaysian property developer seriously. The Mah Sing Foundation – their charity arm, situated to aid and benefit the less privileged. On top of residential development, the Group also has a strong commercial presence with Grade A buildings, integrated business parks and mixed commercial developments. They are one of the pioneers of en-bloc commercial sales in the key capital of Malaysia.

This currently includes projects across greater Kuala Lumpur, Klang Valley, Johor Bahru (Iskandar Malaysia), Penang (North Corridor Economic Region), and Kota Kinabalu, Sabah. What sets Mah Sing apart from other developers is its product offerings and the ability to cater to diverse buyers and market segments. The 428-acre project has a GDV of RM11.1 billion. Other major ongoing projects include M Vertica in Cheras, M Centura in Sentul, and M Aruna in Rawang. This company also has some prestigious business awards in their hands.


6. Sime Darby Property

Sime Darby Property

Source: Sime Darby Property

Sime Darby Property is a division of the Sime Darby Group. They’re best known for work in the trading and logistics sectors, focusing on luxurious sustainable development. 46-year track record in developing residential, commercial, and industrial properties. They are Malaysia’s biggest property developer in terms of land bank, with a balance developable area of 20,572 acres and a total estimated GDV of RM89.3 billion. While its property subsidiary is lesser-known, it’s one of the most sound developers on this list due to its highly successful ownership. This soundness is certainly reflected in Sime Darby Property’s books. With nearly RM 2.3 billion in revenue and a healthy debt-to-equity ratio, Sime Darby Property has clearly become one of the top property developers in Malaysia.

This company perhaps best known to all for the KLGCC Resort, a golf resort sitting right on the edge of Kuala Lumpur’s city centre. Like this stunning golf resort, most of its projects focus on sustainable luxury in urban environments. They have built to date 23 active townships and developments that are strategically located and connected to major highways and transportation hubs within key growth areas and economic corridors stretching from the central region of Klang Valley to Negeri Sembilan and Johor in the South.


7. IOI Properties

IOI Properties

Source: IOI Properties

IOI Properties is one of Malaysia’s leading public-listed property developers. IOI is famous for being one of the largest property companies in the country, with a proven track record spanning more than three decades in the property development industry. Its principal activities include property development, property investment, leisure and hospitality.

If you’re looking for a nice home in the suburbs of one of Malaysia’s major cities, IOI Properties will be one of your go-to developers. They specialize in comprehensive suburban communities that offer a wide variety of options for buyers. Within its 16 Sierra community, property buyers can choose from stunning terrace homes for millions of ringgit or functional serviced apartments for less than RM 500,000. Like its focus on the suburbs, IOI Properties’ pricing is distinctly middle-of-the-road. Nothing is dirt cheap while nothing is mind-blowingly expensive either. IOI has numerous successful property projects all over Malaysia.

Currently, IOI has a total of 10,000 acres of landbank in Malaysia and abroad. It has successfully developed sustainable townships in sought-after regions of Klang Valley and Johor in Malaysia while embarking on property developments in Singapore and the People’s Republic of China. IOI properties also expanded regionally into the nearby markets of China and Singapore. Over in Singapore, IOI focuses on high-end residential and integrated mixed developments. IOI has two developments in the Chinese city of Xiamen – the IOI Park Bay and the IOI Palm City.


8. Sunway Property

Sunway Property

Source: Sunway Property

Sunway Property is the real estate arm of Sunway Group Bhd. The Sunway Group’s most famous project is the multi-award-winning township, Sunway City. Who wouldn't recognize that much-loved sphinx (unofficial mascot, really) just looking serenely at the traffic jams? Spanning 800 acres, it's a fully integrated development model with ample residential, commercial, education, hospitality, retail, leisure, healthcare, and industrial components with excellent transport connectivity. The entire township is also Green Building Index (GBI) certified! Sunway Group currently has a market capitalization of RM8.83 billion. The group is Malaysia’s top multinational property construction corporations, with businesses in 50 locations worldwide across 12 industries. The company has won over 200 international and national awards, which proves its innovation and ability to balance its financial performance and build quality infrastructure.

The Sunway Group has continued to bring their successful business model to other parts of the country through Sunway City in Ipoh, Sunway Velocity in Kuala Lumpur, Sunway Penang and Sunway Iskandar in Johor. One of their current projects is the Sunway GeoLake project in Sunway City, comprising 420 condominium units and 44 villa units priced from RM1.04 million to RM3.32 million, due for completion in April 2021.

Sunway Property mostly builds hotels and shopping malls, including Sunway Pyramid and Sunway Resort Hotel & Spa. It has also delivered an extensive portfolio of properties in China, Singapore, Cambodia and Vietnam. In China, Sunway has developed several residential and commercial property, and in Singapore, it has the Sunway Avant Parc, which comprises luxurious terrace homes.


9. IJM Land

IJM Land

Source: IJM Land

IJM Land is one of Malaysia's leading property developers, developing various high quality and successful property development projects, including residential property, commercial property, office, building, and township project. Since 1989, IJM Land Berhad (IJM Land) has been committed to redefining the property landscapes in the region. It recently celebrated its 30th anniversary as one of Malaysia’s top property developers. This established market player is backed by the IJM Corporation – a major regional player in construction and infrastructure development. IJM Properties is best-known for major developments such as the Light Waterfront Penang, a luxurious waterfront development, and its stunning Sierra Hijauan in Ampang.

As part of IJM Corporation Berhad, this award-winning property arm has undertaken various key projects that cover a total of almost 5,000 acres, with a GDV of RM55.3 billion! Their portfolio of undeveloped landbank still holds 4,000 acres in various countries over the World. Like many of the companies on this list, IJM also built developments in the UK and China, and it has developments in Vietnam as well. As Malaysia’s property market continues to grow, so do IJM Land’s activities. The firm is constantly embarking on new projects. In fact, it plans on launching more than RM 1.7 billion worth of new properties in 2020. As time progresses, the company continues to grow its span and investment in Malaysia and some other developed countries.


10. OSK Property

OKS Property

Established in 1997, OSK Property (OSKP) develops residential, township and commercial projects located in strategic growth areas across the country. In 2015, a strategic decision was made to merge OSK Property Holdings (OSKP) and PJ Development Holdings (PJD) property arm under one business pillar, adopting one identity and coming under one brand OSK Property. The consolidation of these two entities marks the coming together of complementary strengths, expertise and talents.

As an enlarged property group, they can deliver a more holistic and integrated property platform – from residential and commercial developments; to managing and operating retail and office spaces, in addition to hospitality offerings. Their development and investment presence spans Peninsular Malaysia, and we are growing our overseas presence with our development project in Melbourne, Australia.


Curious to know which condominium or building these top property developers built? Investing in highly credible developments promises great returns! Just leave your info below, and our agents will reach out and assist you.

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