Top Property Developers In Malaysia 2024

As Malaysia settles into 2024, the property market is starting to buzz with excitement and potential. The top property developers in the country, known for their innovation and commitment to excellence, are shaping the future of Malaysian living spaces.

From sustainable townships to luxurious high-rises, these top property developers are at the forefront, crafting communities that offer more than just homes but a lifestyle. With a keen eye on the evolving demands of property buyers and an ever-improving market forecast, the journey ahead looks promising for both developers and property buyers alike.

Malaysia’s Top 10 Property Developers of 2024

Here are the top 10 property developers of 2023 are redefining living spaces with their commitment to affordability and quality.

Spearheading innovative designs and sustainable practices, companies like Sime Darby Property, UEM Sunrise, S P Setia, IOI Properties, Gamuda Land, Sunway Property, Mah Sing Group, EcoWorld Development, UMland and Tropicana properties are crafting communities that promise more than just homes.

They’re building dreams, offering a range of properties that cater to diverse needs and budgets, ensuring every Malaysian can find their perfect home. These developers are not just constructing buildings; they’re laying down the foundations for a brighter future for all Malaysians.

Sime Darby Property

Sime Darby Property Berhad, a prominent real estate developer in Malaysia and the UK, has a rich history dating back to its 1973 incorporation. It emerged from merging the property divisions of Golden Hope Plantations, Kumpulan Guthrie, and Sime Darby Berhad. Originally United Estates Projects Berhad in 1964, it became part of Sime Darby in 1985 as Sime UEP Properties Berhad, focusing on redeveloping former oil palm estates.

Sime Darby Property, is a luminary in the Malaysia’s real estate sector, and continues to excel with its visionary developments that prioritise sustainability and community living. Recently, the company launched multiple projects across Malaysia, notable for integrating green spaces and modern amenities to foster vibrant communities.

Their achievements include the successful launch of innovative residential areas in the City of Elmina and other key locations, showcasing their commitment to eco-friendly living and architectural excellence

Some of their current projects include:

Serasi Residences

Serasi Residences is a transit-oriented development (TOD) with modern versatile homes. Surrounded with accessibility and lifestyle conveniences, it is strategically located in a central position facilitating efficient and effective access to the city and lifestyle conveniences through ELITE Highway, KESAS, LDP & NKVE. Public transportation is made easier through the close proximity of Putra Heights LRT Station bringing a fuss-free commute to residents.

Melawati Corporate Center

Melawati Corporate Centre, the key component of Melawati’s urban redevelopment plan, provides the essential benefit of convenience through a network of highways, with easy access to increasingly popular rail systems that put the capital city and other hotspots in and around Kuala Lumpur, mere minutes away.

Mah Sing Group

M Terra is conceptualised and developed to be a transportation environment focused project which promotes a fresh take on urban living in which attracts vibrancy in lifestyle within the location, promotion of creativity, and the generation of radiant energies within its surrounding. Situated next to an international hotel. M Terra is curated to represent the journey of how aspirations eventually meet fulfillment all within an ambiance of endless opportunities for a trendy and urban living lifestyle. 

Erica East

Erica East @ Meridin east is strategically situated in the Eastern Gateway of Iskandar Malaysia, Meridin East is the largest integrated township in Pasir Gudang, Johor Bahru. Erica East is where modern home living meets extraordinary lifestyle facilities, and Meridin East invites a new concept of city living. It is a well-designed masterplan set amidst verdant greenery, connecting by natural lakes, 16.6km scenic jogging paths and cycling lane.

Eco World Development Group

Eco World Development Group Berhad, is a public listed Malaysian company involved in property development of more than 8,000 acres of landbank in the Klang Valley, Iskandar Malaysia and Penang, with total gross development values exceeding RM80 billion.

They have four sizeable and diversified revenue pillars: Eco Townships, Eco Rise, Eco Hubs and Eco Business Parks, enabling us to serve all segments of the real estate market.

Eco World Development Group in Malaysia has been at the forefront of sustainable property development, making notable strides in 2023 with their launch of four significant projects across multiple regions, including Eco Ardence and Eco Grandeur in the Klang Valley, and Eco Marina in Batu Kawan.

These projects highlight Eco World’s commitment to innovation, offering a blend of residential comfort and environmental sustainability

Some of their current projects include:

Bukit Bintang City Centre

Bukit Bintang City Centre (BBCC) is a visionary, state-of-the-art integrated development designed to complement and enhance the city’s cosmopolitan vibe. Strategically situated on a 19.4-acre site within the Golden Triangle, BBCC offers a complete cosmopolitan lifestyle that encompasses modern residential suites, hotels, retail, an entertainment hub and a transit hub.

Eco Ardence

Eco Ardence is the cradle of passion, a place infused with vibrant energy and alive with activities. This is where the creation of art, the expression of culture and the innovation of commerce converge, inspiring a sense of pride and belonging in the community. Flourishing with life and yet serene in spirit, it is a redefinition of an enclave, the re-imagination of Shah Alam.

Gamuda Land

Since 1995, Gamuda Land, one of Malaysia’s top property developer companies, has been delivering innovative real estate developments and creating holistic, sustainable vertical and township communities in Malaysia, Australia, Singapore and Vietnam.

Gamuda Land has made significant strides in property development, emphasizing sustainability and community-centric designs. Among its recent achievements, it has launched innovative projects such as Mori Pines in Gamuda Cove and Astor in Gardens Park, Sungai Buloh North, showcasing their commitment to integrating nature with living spaces.

These developments highlight Gamuda Land’s dedication to creating harmonious environments where residents can thrive, further establishing its reputation as a leader in Malaysian real estate.

Some of their current projects include:

Gardens Park

Gardens Park is a freehold sister development, adjacent to Gamuda Gardens. The 532-acre development features freehold landed homes-in-a-park that’s mindfully designed for starter families.

Twentyfive7

Twentyfive7, in the south of Kota Kemuning is a vibrant 257-acre connected township with easy access to the park and mall at the heart of Kota Kemuning.

UEM Sunrise

UEM Sunrise, is a premier property developer in Malaysia, and has marked its prominence through the successful launch of several high-profile projects, embodying innovation and sustainability.

The company’s ventures span across luxurious residential properties, integrated developments, and commercial hubs, underscoring its dedication to enhancing urban landscapes and community living standards.

With a forward-thinking approach, UEM Sunrise continues to achieve milestones, setting new standards in real estate development while prioritising environmental stewardship and innovative design.

Some of their current projects include:

The Connaught One

The Connaught One, an exciting new freehold Transit-Oriented Development designed for maximum convenience. With its location right next to Taman Connaught MRT Station, everything is easily within reach.

Mozart

Mozart in Symphony Hills are 3-storey super link homes in a freehold boutique development by UEM Sunrise Berhad. Mozart is located in the center of Cyberjaya where the residents can easily find a variety of amenities, connectivity & accessibilities.

IOI Properties Group

IOI Properties Group Berhad is an award-winning top-ten property developer in Malaysia with a legacy of more than four decades in the property development industry. The Group’s three core business segments comprise property development, property investments and hospitality and leisure across Malaysia, Singapore and Xiamen, People’s Republic of China (PRC).

IOI Properties Group in Malaysia has recently unveiled an array of property projects, showcasing their commitment to innovation and quality living spaces.

Notable developments include Caladia Serviced Apartment and iSynergy Semi-D Factory, which exemplify their dedication to blending modern design with functionality, catering to a broad spectrum of residential and commercial needs.

These achievements highlight IOI Properties Group’s continuous growth and its significant contribution to Malaysia’s real estate landscape.

Some of their current projects include:

16 Sierra

16 Sierra is strategically located in the southern part of Puchong or better known as Puchong South. 16 Sierra is well planned and developed by Malaysia’s leading developer, IOI Properties Group. The concept behind the unique 16 Sierra is to provide residents a place where healthy living meets the convenience of a modern township.

Warisan Puteri

Warisan Puteri, Sepang is a new vibrant township synonymous with Kuala Lumpur International Airport (KLIA) and Sepang International Circuit that promises a new lifestyle for the young & energetic. This Freehold 206-acre Warisan Puteri @ Sepang master plan is built on our insight to develop this area into a self-sustainable township that incorporated the element of residential (terrace house, townhouse & serviced apartment), commercial (shop office) and recreation.

Sunway Property

Sunway Property, an award-winning property developer known for its mission to build a better tomorrow by creating an integrated, sustainable and liveable environment for our communities.

Sunway Property has made significant contributions to Malaysia’s real estate market, highlighted by its Signature Series 2023 campaign featuring 18 projects across key locations.

These initiatives showcases their commitment to delivering exceptional design, innovative features, and comprehensive amenities, reinforcing their reputation as a leading developer dedicated to enhancing urban living and community well-being.

Some of their current projects include:

Sunway Alishan

Sunway Alishan Residences in Cheras, is developed by Sunway Property, and embodies unparalleled luxury and sophistication. Designed for the discerning few, their 240 meticulously crafted residences redefine sophisticated living.

Sunway Velocity TWO

Sunway Velocity TWO sits opposite to the fully-integrated development and it sets to elevate city living to a whole new vibrant level. This development enjoys the unique advantage of direct access to the comprehensive amenities including shopping mall, medical centre, hotel, college, retail, offices and 2-acre central park.​

UMLand

UMLand is the award-winning Malaysian developer behind the successes of several residential townships and niche developments across the country. The company has two divisions handling Township Development and Niche Projects respectively.

It also has a hospitality division that operates Suasana Suites serviced apartments, a construction division under UMLand Builders Sdn Bhd, and an F&B division under UMLand Lifestyle Sdn Bhd.

UMLand has distinguished itself in the Malaysian real estate sector through the successful development of various residential townships and niche projects. Their portfolio is characterised by urban and strategically located developments, emphasizing not just construction, but the creation of lifestyles.

UMLand’s expertise and comprehensive approach to development have established it as a premier developer in Malaysia.

Some of their current projects include:

Suasana Medini

Suasana Medini forms a part of the larger UMCity Medini Lakeside development. The latter is a 5.03-acre mixed development project anchored around a picturesque 13-acre lake. The development is designed to be a staging ground for a world-class commercial and residential hub.

Suasana Bukit Ceylon Residences

Suasana Bukit Ceylon residences and service apartments is one of the few FREEHOLD landmark developments within the last of the green belts of the city, rising 34 storeys to magnificent views of shimmering night lights amidst awesome skylines of KL City Centre and the Kuala Lumpur business district.

Tropicana Corporation

Tropicana Corporation Berhad  was incorporated in 1979, listed on the Main Market of Bursa Malaysia Securities Berhad in 1992, and rebranded in 2013.

Tropicana have since become one of Malaysia’s leading conglomerates with diversified business interests in Property Development & Property Management, Property Investment, Recreation & Resorts, Investment Holdings, and more.

Tropicana Corporation Berhad has redefined residential resort-style living with its projects like Tropicana Golf & Country Resort and Tropicana Indah Resort Homes, establishing a distinctive identity in property development.

They’ve created integrated spaces like Tropicana Metropark in Subang Jaya and Tropicana Gardens in Petaling Jaya, which offer a blend of residential comfort and commercial vitality, directly linked to public transport.

Additionally, Tropicana Aman in Kota Kemuning is a self-contained development emphasizing a harmonious community lifestyle centered around an 85-acre Central Park.

Some of their current projects include:

Tropicana Aman

Tropicana Aman, an 863-acre development, has been artfully designed to acquaint you with the alluring qualities of nature. Relish in the lush greenery of its 85-acre Central Park and 7km bike trail. From landed to high rise residences and shop offices, Tropicana Aman is also close to several expressways, ensuring a seamless connection to your workplace.

Tropicana Metropark

Tropicana Metropark is a sprawling 88-acre freehold developing in Subang Jaya, an affluent and vibrant township. Comprising residences, business spaces, retail hotspots, an international school, and an Urban Park, this integrated development provides a holistic balance between work and play. Residents enjoy direct access to the Federal Highway via an RM106 million purpose-built Tropicana Metropark Link.

Conclusion

In 2024, the contributions of Malaysia’s top 10 property developers to the real estate market cannot be overstated. Their commitment to innovation, quality, and sustainability has significantly shaped the industry’s landscape, setting a solid foundation for future growth.

Their projects not only cater to the evolving needs of the community but also drive the market towards exciting prospects for both investors and future property owners. Click here for the Top 10 Property Developers In Malaysia 2023.