It is imperative for you to choose the right property developer so that you can obtain a high return from your property investment. Some of the attributes of a good property developer include a good market reputation, quality of work and services offered. It is always wise for you to do your homework by examining the previous property that was developed by the developer. What you should be looking out for is its maintenance, experience, services and quality of work of the developer.
The Edge Top Property Developers Awards (TPDA) 2011 honours the following top 10 developers in Malaysia listed in alphabetical order:
Bandar Raya Developments – One of the developments by Bandar Raya Developments is One Menerung which is a luxury condominium in Bangsar, Kuala Lumpur. The average price per square feet is RM 722 in August 2007. As at May 2011, the average price per square feet is RM 1,173. This is a return of about 52% in about 4 years.
IGB Corp Bhd – A wholly owned subsidiary of IGB Corporation Berhad, Tan & Tan Developments Berhad developed a freehold low density condominium known as U-Thant Residence located at Ampang Hilir, Kuala Lumpur. As at January 2007, the condominium was sold at an average price of RM 655 per square feet. In a short span of about 4 years, the price of the condominium increased by 45% to an average price of RM 950 per square feet.
I&P Group Sdn Bhd – The Edge awarded I&P Group Sdn Bhd with PEPS – Value Creation Excellence 2010 & 2011 for the Bandar Kinrara development under the Residential Category.
IJM Land Bhd – Bayswater located at Gelugor, Penang was developed by IJM Land Bhd with a launch price of RM 296,000. The condominium was completed in 2007. The price of the property to date is from RM 600,000 onwards.
IOI Properties Bhd – IOI Boulevard is a commercial development located at Bandar Puchong Jaya developed by IOI Properties Bhd with an average asking price of RM 393psf as at May 2010. The asking price of this real estate today is from RM 433psf onwards.
Mah Sing Group Bhd – Perdana Residence located at Selayang was developed by Nova Century Development which is a subsidiary of Mah Sing Group Bhd. The property was transacted at an average price of RM 246psf as at October 2009. In September 2011, the transacted average price of the property almost doubled to RM 486psf.
S P Setia Bhd – Setia Walk in Pusat Bandar Puchong is the company’s first showcase project which marks the entry of SP Setia into the commercial retail space. The average asking price of Setia Walk is RM 550psf as at October 2011. 7 months later, the average asking price of Setia Walk increased to RM 699psf as at May 2012.
Sime Darby Property Bhd – Oasis Ara Damansara situated opposite the Saujana Golf & Country club is a commercial hub developed by Sime Darby Brunsfield. The average asking price in April 2011 was RM 484psf which increased to RM 522psf one year later.
Sunrise Bhd – Solaris Dutamas was completed approximately at the end of 2009 by Sunrise Berhad. As at March 2011, the average asking price for this property was RM 662psf which further increased to RM 878psf as at April 2012.
Sunway City Bhd – Sunway SPK Damansara located at Kepong is a housing development by Sunway SPK Homes consisting of 2-storey and 2.5-storey link houses. Sunway SPK Homes is a joint venture between Sunway City and Syarikat Permodalan Kebangsaan. The average price of the property is RM 494psf as at February 2010. This price increased to RM 583psf as at May 2011.
Buying property developed by a reputable property developer often entails paying a higher price for the real estate. Nevertheless, this also means that you can be more assured of the completion of a high quality project too.
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