Company’s Business Activities

Property development or real estate development is the business of converting raw land to finished units such as houses, apartments, hotels, condominiums, shopping centres and many more. In Malaysia, property development is a big industry with many players, most of whom are local. The large local developers consist of SP Setia Bhd, IOI Properties Group Bhd and Sime Darby Property Bhd. Property development is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others. Real estate developers are the people and companies who coordinate all of these activities, converting ideas from paper to real property. Real estate development is different from construction or housebuilding, although many developers also manage the construction process or engage in housebuilding.

Developers buy land, finance real estate deals, build or have builders build projects, develop projects in joint venture, create, imagine, control, and orchestrate the process of development from the beginning to end. Developers usually take the greatest risk in the creation or renovation of real estate and receive the greatest rewards. Typically, developers purchase a tract of land, determine the marketing of the property, develop the building program and design, obtain the necessary public approval and financing, build the structures, and rent out, manage, and ultimately sell it.

Sometimes property developers will only undertake part of the process. For example, some developers source a property and get the plans and permits approved before selling the property with the plans and permits to a builder at a premium price. Alternatively, a developer that is also a builder may purchase a property with the plans and permits in place so that they do not have the risk of failing to obtain planning approval and can start construction on the development immediately.

Developers work with many different counterparts along each step of this process, including architects, city planners, engineers, surveyors, inspectors, contractors, lawyers, leasing agents, etc. In the Town and Country Planning context in the United Kingdom, ‘development’ is defined in the Town and Country Planning Act 1990.

One of the main benefits within the property development industry, as previously mentioned, is the profits that can be obtained from developing on a land or existing property. Whilst this profit is a very direct incentive for those within the industry, it is not the only driving force behind property development.

A certain social value can also be elicited from developments, providing housing, places of work, educational facilities and more to help in improving the surrounding community.

PROPOSED PROJECTS TO BE IMPLEMENTED

(1) Proposed Development of 1 Block Apartment – 45 Floors at Lot 30195, Jalan Dato Senu 3, District of Setapak, Wilayah Persekutuan, Kuala Lumpur. Gross Development Value (GDV) = RM403,725,000.00 – Project details

(2) Proposed Development of Marine City Selangor, Carey Island Selangor, Malaysia. Gross Development Value = RM200,000,000,000.00 – Project Details

(3) Proposed Development And Upgrading Of 10 Mosques for Muslim Community Religious Development Programs. Proposed Investment Value = RM150,000,000.00 – Conceptual Designs

(4) Proposed Development Investment In A Feedlot End To End Feedlot, Animal Food Production & Hi-tech Halal Slaughtering Facilities. Targeted Investment Value = RM300,000,000.00 – Project Details

(5) Proposed Mixed Property Development Project With Land Size 55.56 Acres Held Under Title PN49024 And PN42440, Mukim of Ulu Kelang, District of Kuala Lumpur, Wilayah Persekutuan. Estimated Gross Development Value (GDV) = RM7,200,000,000.00.

(6) Proposed Mixed Property Development Project With Land Size 36.55 Acres Held Under Individual Title PT50603 HS (D) 142202, Mukim of Petaling, District of Petaling, State of Selangor. Estimated Gross Development Value (GDV) = RM3,200,000,000.

Useful links
What is Property Development?
Property Development, Construction and Infrastructure
Top 10 Property Developers In Malaysia 2020
Property Development and Investment | MRCB
Mah Sing: Malaysia’s Top Property and Housing Developer
Malaysia widens sharia-compliant stock list