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UP Properties |
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How to select the right Property Developer in Malaysia? |
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When you're looking to buy new property of any type in Malaysia, one of the important criteria you would want to look into is - the Property Developer. It is very difficult to find an IDEAL Property Developer, but the following criteria can help you to find and select a GOOD and ACCEPTABLE Property Developer. |
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| 1 | Reputation & Reliability |
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Ask around residences or owners of previous property projects by your targeted developer! You should be able to get some hints from these neighborhoods. While you're there observe the workmanship of targeted developer and compare with others. You may also check who their financiers are, how they pay their contractors, vendors and suppliers? Try to find find out if this is their first project? Or just ask for references from previous projects and do not hesitate to visit previus projects and talk to present owners or occupants. |
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| 2 | REHDA Registration |
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REHDA, or the Real Estate and Housing Developer Association, is the association that keep track of a Property Developer's records. All reputable property developers in Malaysia are members of REHDA. |
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| 3 | Timeliness in Delivery and Quality |
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While checking out the previous projects completed by the Property Developer, try to find out about their timeliness. Are they delaying project consistently? What is their compensation for the delay? Is the compensation fair and following the legal requirements? |
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| 4 | Credibility, Management Effectiveness, After Sales Services |
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When you’re uncovering the background of the developer of property projects in Malaysia, find out about their credibility, their management teams and effectiveness, and what is the quality level of their services and after sales services and warrantee matters? |
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| 5 | License |
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Generally each Property Developer in Malaysia developing projects with buildings that are intended for human habitation, partly or wholly must have a license. Examples, low, medium and high cost apartments, condominiums, terrace houses etc. However, the Government may by notification published in the Gazette, exempt any housing developer from any or all of the provisions of the Housing Development (Control & Licensing) Act, 1966. this means that these 'exempted' developers may not need any license as well. More information about Property Developer Licensing in Malaysia may be found on the following WEB-Page. |
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More information about Properties in Malaysia may be found on the following WEB-Pages. |
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| www.malaysiapropertyguide.com | |
| www.lppeh.gov.my | |
| www.miea.com.my | |
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