Real Property And Housing Developer Companies in Malaysia

Real property and housing developer companies in Malaysia are responsible for the development, construction, and management of residential and commercial properties. These companies are typically large, well-capitalized organizations that have the financial resources and expertise to undertake large-scale development projects.

The Malaysian government has been supportive of the real estate and housing development industry, and has put in place a number of policies and initiatives to encourage growth. One of the most significant measures was the introduction of the Real Property Gains Tax (RPGT) in 2007, which taxed profits realized from the sale of properties held for more than five years. This tax helped to cool the property market and discourage speculation.

The government has also implemented a number of affordable housing initiatives, such as the My First Home Scheme and the PR1MA programme. These programmes provide financing and other assistance to first-time homebuyers, and have helped to increase access to affordable housing.

The real estate and housing development industry is a critical part of the Malaysian economy, and is responsible for the creation of thousands of jobs. The sector has been growing steadily in recent years, and is expected to continue to expand in the years ahead.