The Petronas Twin Towers in Malaysia’s capital of Kuala Lumpur were once the world’s tallest buildings. Others since surpassed them. Yet merely taking a quick glance at these impressive structures makes Malaysia’s aptitude for property development clear to anyone.
Malaysia is home to several established real estate development firms with solid reputations. Regardless, you should pay close attention when choosing one. Picking a developer is maybe the single most important factor when it comes to buying property in Malaysia.
Why is choosing a Malaysian property developer so important? Because it affects everything from your new home’s standards of finishing, to whether it will be constructed on time, to its capital appreciation potential.
As a real estate investor, that last factor is especially crucial. Many purchasers don’t consider the importance of brand-name (even in a country like Malaysia which is often obsessed with such things) or its impact on future resalability.
Of course, while Malaysia is blessed with tons of high-quality property development firms, not everybody is a professional. Major complaints about construction quality are plaguing several new buildings.
Meanwhile, some condos built over a decade ago remain in great condition. You’ll find a wide range of building standards in Malaysia, from “premium and timeless” to “falls apart after five years”.
The point is: you shouldn’t buy a house or condominium in Malaysia without researching the developer’s reputation and its previous projects.
Below are the top ten Malaysia property developers ranked by their build quality, timeliness, and overall reputation. Hopefully it will help point you in the right direction when it comes to buying real estate in Malaysia.
To read more: https://www.investasian.com/2019/04/07/malaysia-property-developers/
Adapted from The Investsian.com 8 April 2019