Top 10 Property Developers in Malaysia for 2022/2023

PropertyGuru Editorial Team
Top 10 Property Developers in Malaysia for 2022/2023
The Malaysian property market is a vibrant and diverse market with a wide range of developers to choose from, but only a select few have stood the test of time and consistently built unique, innovative, and high-quality properties.
When choosing a developer, be sure to do your research and compare their financial strength, and track record. Now, let’s take a closer look at the top 10 developers in Malaysia.
Note: Developers in this list were chosen based on their reported revenue for the financial year 2022/2023, as well as their track record.

1) Sunway Group

Total revenue for 2022RM5.2 billion
Financial results for 1H23Revenue RM2.73 billion
Sunway Group was established in 1974, and has become one of Malaysia’s largest and most successful property developers. It began with the development of Sunway City, a tin-mining wasteland to an integrated smart and sustainable township. Today, they are one of Southeast Asia’s leading conglomerates with core interests in real estate, construction, education, healthcare, retail, and hospitality.
Sunway Property recorded RM1 billion in bookings from its Signature Series 2023 campaign, which ended on 30 June 2023. They aim to launch a larger campaign in conjunction with its 50th anniversary celebration in 2024.
One key aspect of the Signature Series 2023 campaign is the automatic inclusion of new homebuyers into the Sunway Property MCD (Master Community Developer) membership, where homebuyers can access a range of post-sales services, including Rent+, Care+, and Reward+.

Projects highlighted in the Signature Series 2023 campaign

Klang ValleySunway Serene, PJ
Sunway Artessa, Wangsa Maju
Sunway d’Hill, Kota Damansara
Sunway Velocity TWO, Cheras
Sunway Belfield, KL
Jernih Residence, Kajang
Alishan Residences, Cheras
Sunway Flora Residences, Bukit Jalil
Southern MalaysiaSakura Residence, Sunway Iskandar
Sunway Citrine Residences, Sunway Iskandar
Sunway Emerald Residence, Sunway Iskandar
Sunway Lenang Heights, Taman Molek
Sunway Grid Residence, Sunway Iskandar
Sunway Aviana, Sunway Iskandar
Northern MalaysiaSunway Bayu, Ipoh
Sunway Onsen Suites, Ipoh
Sunway Dora, Bayan Baru
These homes are designed with Sunway Design and Development Architecture (SDDA), which ensures that each development meets the demands of modern living while fostering a sense of community. SDDA is Sunway Property’s development process, incorporating the highest standards of sustainability, innovation, health and wellness, lifestyle, and new experiences.
Sunway has a landbank of close to 3,308 acres, located across multiple strategic locations with a potential GDV of approximately RM51.4 billion. They are one of the largest listed landowners in Iskandar Malaysia with 1,712 acres.
In 2023, Sunway Property continues to invest in its integrated townships and completing RM 1.1 billion worth of investment properties which includes the expansion of Sunway Medical Centre Velocity (Phase 2), Sunway Medical Centre (Phase 4) and Sunway International School (Phase 2) in Sunway City Kuala Lumpur. The developer will also be expanding its extreme park in Johor with the X Park 2 in Sunway City Iskandar Puteri, to include catamaran and horse-riding facilities.

2) S P Setia

Total revenue for 2022RM4.45 billion
Financial results for 1H23Revenue: RM1.91 billion
Sales: RM2.56 billion
Since its inception in 1974, S P Setia has developed more than 100 projects, including townships, commercial developments, and high-rise condominiums. Majority of their projects are based in Malaysia’s Klang Valley, Johor Bahru, and Penang regions.
SP Setia also has a selection of international projects, including landed residential properties in an eco-themed township located north of Ho Chi Minh City in Vietnam, and strata residential properties in Vietnam, Australia, and Singapore.
In addition to its core business in property development, S P Setia has expanded into the hospitality and industrial property sectors. One of their ventures into diversification is an ambulatory care centre (ACC) at Setia City Residences in Setia Alam. S P Setia will also develop an industrial-based business park in Setia Alaman, Klang.
For investment properties, S P Setia is collaborating with business partners, including:
  • International Schools Partnerships (ISP) – Tenby Setia Eco Park, Shah Alam, Selangor; Tenby Setia EcoHill, Semenyih, Selangor, and Tenby Setia Eco Gardens, Gelang Patah, Johor

  • Shopping malls: Setia City Mall, Shah Alam, Selangor (with Lendlease); SetiaWalk Mall, Puchong, Selangor; Setia EcoHill Mall, Semenyih, Selangor; and KL Eco City Mall, Bangsar, Kuala Lumpur

  • Hotels: Amari Kuala Lumpur, Bangsar, Kuala Lumpur, and Amari SPICE Penang, Bayan Lepas, Penang
For the six months period to 30 June 2023, S P Setia recorded a net profit of RM98.51mil on revenue of RM1.91bil against net profit of RM147.59mil and revenue of RM1.89bil.

In 2022, S P Setia completed and delivered RM20.58 billion worth of properties comprising various projects including:

Klang ValleySetia Alam, Shah Alam
Setia Alam Impian, Shah Alam
Setia Bayuemas, Klang
Setia EcoHill 2, Semenyih
Setia Alamsari, Bangi
Setia Mayuri, Semenyih
Setia Eco Park, Shah Alam
Setia Eco Glades, Cyberjaya
Setia Safiro, Cyberjaya
Setia Eco Templer, Rawang
Bandar Kinrara, Puchong
Alam Damai, Shah Alam
Setia Seraya Residences, Putrajaya
PenangSetia Fontaines, Seberang Perai
JohorSetia Tropika, JB
Taman Pelangi Indah, JB
Taman Rinting, JB
Bukit Indah, Iskandar Puteri
SingaporeDaintree Residence, Upper Bukit Timah
AustraliaSapphire by the Gardens, Melbourne
UNO Melbourne
VietnamEcoXuan, Ho Chi Minh
EcoLakes, Binh Duong
United KingdomBattersea Power Station project Phase 3A, London
Some of S P Setia’s launches in 2023 include Laelia double-storey terraced homes in Setia Bayuemas, Klang; Casablanca 3 double-storey semi-detached and cluster homes in Setia Alam Impian, Shah Alam; Duta Villa 3 in Setia Alam, Shah Alam; Casaville bungalows in Setia EcoHill, Semenyih; Bloc 17 retail lots in Setia Safiro, Cyberjaya; and Musika double-storey terrace homes in Setia Alam, Shah Alam; Temasya Prisma mixed-use development in Temasya Glenmarie in Shah Alam.
In July 2023, S P Setia launched an initiative to implement sustainable features in their future landed residential developments. Setia i-Home is part of S P Setia’s commitment to accelerating its efforts in Environmental, Social and Governance (ESG) and achieving Net Zero by 2050.

3) IJM Land

Total revenue for 2022RM4.41 billion
Financial results for FY23Revenue: RM4.57 billion
Sales: RM2.7 billion
IJM Land Bhd is the property development arm of IJM Corp Bhd. Their growth over the past four decades has been the result of its focus on its core competencies, diversification into strategically related businesses and selective expansion into new markets.
IJM Land is the developer of Seremban 2, an approximately 2,300-acre self-contained township that was launched in 1995. The developer has a land bank of 4,497 acres with an estimated GDV of RM46 billion, and has established a foothold in prominent locations across Penang, Kuala Lumpur, Selangor, Negeri Sembilan, Johor, Sabah and Sarawak. It is also undertaking projects abroad such as central London in the UK.
Apart from Seremban 2, some of their notable developments include Riana Dutamas @ North Kiara (Kuala Lumpur), Bandar Rimbayu (Selangor), Austin Duta (Johor), and The LIGHT Waterfront (Penang).

Some of IJM Land’s recent launches

Central MalaysiaAvela, IJM Rimbayu
Daffodil Residency, Bandar Alam Suria
Sierra Hijauan Phase 2G, Ukay Perdana
Sutera Phase 1, Nova Phase 1 & Vio Banj’ran Phase 3H, S2 Heights Aman, Seremban
Southern MalaysiaAustin Duta Phase 11A, Johor Bahru
Northern MalaysiaEssense, The Light City Penang
IJM Bayouri, Jawi Penang
The group is expected to complete its first mall in Penang Waterfront, with an estimated 1.5 million sq ft in net lettable area, and a 330,000 sq ft convention centre, in the first quarter of 2025. It will also have office towers, residential towers and a hotel within the development. The mixed development is known as The Light City Penang.
There’s also a 58-acre integrated development of Pantai Sentral Park in Bangsar South, which will feature retail, offices, wellness, a park, and hotel.

4) Sime Darby Property

Total revenue for 2022RM2.7 billion
Financial results for 1H23Revenue: RM1.4 billion
Sales: RM1.5 billion
Sime Darby Property has over 50 years of experience in building sustainable communities. The company has developed 25 active townships and developments across the country including City of Elmina, Bandar Bukit Raja, KLGCC Resort, Serenia City, and Hamilton Nilai.
The company has been the dominant developer in the Subang area through successful developments such as USJ, Putra Heights, Bukit Jelutong, and Ara Damansara.
Sime Darby Property continues to build on its strengths, specifically on its successful and thriving townships, which are strategically positioned to offer best-in-class products with functional layouts and excellent amenities.

Some of Sime Darby Property’s recently launched residential projects

Klang ValleyEmilia 1 & 2, Nilai Impian 2
Serenia Anisa 1, Serenia City
Nadira 3 & Casira 3 (Series 1), Bandar Bukit Raja
Ilham Residence 3, City of Elmina
Serasi Residences, Putra Heights
The Eighth (Phase 2) & Elmina Green 7, Elmina West
Teja, SJCC
Park 1, Melawati
According to Sime Darby Property’s Q2 2023 report, they’ve a remaining developable land of approximately 13,747 acres. The increase in profit before tax (PBT) is a reflection of increased on-site development activities in Bandar Bukit Raja, Nilai Impian, Elmina Business Park, and Serenia City townships.
Sime Darby Property has also made their mark in the United Kingdom as part of a Malaysian consortium that developed the iconic Battersea Power Station in Central London. Additionally, Sime Darby Property’s philanthropic arm, Yayasan Sime Darby (YSD), actively implements social welfare initiatives to assist underprivileged communities living within and nearby its townships.
In its bursa filing in May 2023, Sime Darby Property announced that the proposed acquisition of three parcels of freehold land totalling 948.8 acres in Kapar, Klang for RM618 million was approved at its extraordinary general meeting. The proposed development of the Kapar land will be carried out in phases over a period of 10 to 15 years, with an estimated gross development value (GDV) of between RM5 billion and RM6 billion.

5) Gamuda Land

Total revenue for 2022RM2.7 billion
Financial results 9 months ended 30 April 2023Sales: RM1.3 billion
Gamuda Land was established in 1995 and they’ve continually delivered sustainable developments while nurturing holistic township communities in Malaysia and across the globe, including Australia, the United Kingdom, Vietnam, and Singapore.
In Malaysia, Gamuda Land’s on-going projects include Gamuda Cove in Kuala Langat, Gamuda Gardens and Kundang Estates in Sungai Buloh, twentyfive.7 in Kota Kemuning, Jade Hills in Kajang, and Horizon Hills in Iskandar Puteri.
Gamuda Cove has drawn nationwide interest with its SplashMania Water Park, which has attracted more than 75,000 footfall per month on average. Other placemaking and eco-tourism initiatives such as Paya Indah Discovery Wetlands, and outdoor adventures such as the Goosebumps Rope Course and the Cove Aerobar continue to add to the vibrancy of Gamuda Cove.
Gamuda Gardens also has its leisure and entertainment components, including Skyline Luge, Big Bucket Splash and a fun park, which are targeted for opening by the end of 2023.

Some of Gamuda Land’s recent launches and current developments

Central MalaysiaMio Spring, Gamuda Cove
The Waterlily, Gamuda Cove
Luxura & Levane, twentyfive7, Kota Kemuning
Cloville & Summerwoods, Jade Hills, Kajang
Monarc & Valeria Garden Homes, Gamuda Gardens
HighPark Suites, Petaling Jaya
Southern MalaysiaMansion18, Horizon Hills, Iskandar Puteri
D’Suites condominium, Horizon Hills, Iskandar Puteri
Horizon Square, Horizon Hills, Iskandar Puteri
Horizon Mall, Horizon Hills, Iskandar Puteri
InternationalWest Hampstead Central, London
The Canopy on Normanby, Melbourne
In August 2023, Gamuda Land launched the ‘Cares for You’ campaign, a financial solution for hassle-free homeownership designed to add value to its residential offerings.
Collaborating with VSure, Malaysia’s first on-demand lifestyle digital insurance provider, and DOC2HOME, Malaysia’s largest e-prescriptions and digital health provider, the campaign aims to highlight the value proposition of Gamuda Land homes while prioritising the health and well-being of its residents.
The campaign revolves around comfort, convenience and accessibility, creating a seamless blend that enhances the daily living experience for all Gamuda Land homebuyers. The home-based healthcare services will include unlimited teleconsultation, medicines delivery, health screenings, and recovery benefits after a dengue diagnosis, hospitalisation or acute illness. A team of professionals including doctors, dietitians, nutritionists and pharmacists will attend to residents’ health and wellness needs via chat and video consultation.
Gamuda Land continues to strengthen its presence in northern Klang Valley with the acquisition of a 532-acre parcel, located next to the 810-acre Gamuda Gardens township.
Gamuda Land’s remaining landbank stands at 3,344 acres amounting to RM55.3 billion in gross development value with a total development period of 15 years. These landbanks are spread across Malaysia, Vietnam, Australia, Singapore and the UK.

6) IOI Properties Group

Total revenue for 2022 RM2.59 billion
Financial results for FY23, ended 30 June 2023Revenue: RM2.59 billion
Sales: RM1.96 billion
IOI Properties Berhad (IOI Properties) began as a small property development company called Lam Soon Huat Development in 1975. The company was renamed IOI Properties in 1994. In 1990, IOI Properties launched its first major project, Bandar Puchong Jaya. This was followed by the development of Bandar Puteri Puchong.
IOI Properties’ most well-known project is the IOI Mall in Puchong. The mall opened in 1996, and it is one of the largest in the Klang Valley. It also helped to transform Puchong from a sleepy town into a bustling suburb.
Other major development projects by IOI Properties include IOI Resort City, 16 Sierra, Bandar Puteri Bangi, Warisan Puteri Sepang, and Bandar Putra Kulai. The 16 Sierra mass rapid transit (MRT) station is operational, and it is expected to provide added convenience and greater connectivity to the community of 16 Sierra.

Some of the recent developments in IOI Properties’ portfolio

Central MalaysiaStellar Suites, Bandar Puteri Puchong
Clio 2 & Gems Residences, IOI Resort City
Avens 2, 16 Sierra, Puchong South
The Strata 2, Bandar Puteri Bangi
Alanis & Arena Xchange, Warisan Puteri Sepang
Bandar IOI Bahau, Negeri Sembilan
Southern MalaysiaCello 1 Cello 2, Marvela & Aralia, Bandar Putra Kulai
Victory, Kempas Utama, Johor Bahru
Platino Avenue, Skudai Crystal, Taman Lagenda PutraI-Synergy industrial park, Bandar Putra KulaiRuby, Jati, Iberis & Lavenda 2 at Bandar IOI Segamat
Northern MalaysiaD’Zone Condominium, Penang
Cypress Villa, Penang
SingaporeIOI Central Boulevard Towers.
Marina Bay Marina View
ChinaIOI Palm City, Xiamen
IOI Palm International Parkhouse, Xiamen
Palm City Mall, Xiamen
As for the group, IOI Properties Group Berhad, it has a legacy spanning 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).

7) Mah Sing Group

Total revenue for 2022RM2.32 billion
Financial results for 1H23Revenue: RM1.29 billion
Sales: RM1.2 billion
Mah Sing Group was founded in 1991 and has since become a major player in the Malaysian property market, having sold more than 45,000 units from over 50 property projects nationwide. They’ve a diverse portfolio of residential, commercial, and industrial developments.
For the cumulative six months ended 30 June 2023, Mah Sing had a net profit of RM100.53 million from RM86.21 million previously, while revenue was at RM1.29 billion from RM975.24 million previously.
Their first township development, launched in 2000, was the Sri Pulai Perdana development in Skudai, Johor which also had the distinction of being the first gated-and-guarded link home project in Johor
In 2H 2023, Mah Sing plans to launch M Minori in Johor Bahru, future phases of M Senyum, Meridin East, M Panora, and M Sinar. Mah Sing will also be developing M Zenya, its fourth project in Kepong, building on the success of Lakeville Residence, M Luna, and the recently launched M Nova.
The mixed residential development of M Zenya directly fronts the Kepong Metropolitan Lake, and is located next to the retail project Keponggi Square. It’s also within a 1km radius from Mah Sing’s M Luna, 3km radius from M Nova, and 5km radius from Lakeville Residence.

Other key developments by Mah Sing

Central MalaysiaM Oscar, Off Kuchai Lama
M Arisa, Sentul
M Vertica, Cheras
M Astra, Setapak
M Centura, Sentul
M Adora, Wangsa Melawati
M Aruna, Rawang
Star Avenue Lifestyle Mall, Shah Alam
Southern Malaysiai-Parc, Tanjung Pelepas, Johor
Meridin Bayvue, Masai, Johor
Meridin @ Medini, Nusajaya, Johor
Northern MalaysiaM Vista, Bayan Lepas, Penang
Ferringhi Residence 2, Batu Ferringhi, Penang
Southbay City, Batu Maung, Penang
Supported by a strong balance sheet and good market outlook for properties in the affordable range, Mah Sing continues to eye more landbank, with priority given to land parcels suitable for the affordable M Series landed and high-rise residential and industrial developments.
Mah Sing’s property development division plans to continue targeting first-home buyers and genuine buy-to-own upgraders, two segments which they believe will continue to do well in 2023. About 65% of the M Series buyers are 35 years old or younger.
Mah Sing Group has won numerous awards for its projects, and some of its best projects include M Residence, Southville City, and D’Sara Sentral.
To address the rising cost of construction, the group has adopted efficient construction management methods, which will provide greater cost efficiency and better quality control over the property construction process.

8) Eco World Development Group

Total revenue for 2022RM2.04 billion
Financial resultsRevenue for 2Q 2023: RM420.8 million
Sales for first 7 months of 2023: RM2.4 billion
Established in 2013, EcoWorld Development Group Berhad (EcoWorld Malaysia) has presence in the Klang Valley, Iskandar Malaysia, and Penang. The group’s projects are known for their sustainable features and commitment to creating liveable and sustainable communities.
They’ve undertaken a total of 20 projects with a gross development value (GDV) exceeding RM87 billion covering new townships, integrated developments, affordable, upgrader, and luxury homes, and green business parks.
In Malaysia, the company’s most notable projects include Eco Sanctuary, Eco Grandeur, and Eco Ardence. They’ve also developed projects such as Eco Sky, Eco Majestic and Bukit Bintang City Centre in Klang Valley; Eco Botanic and Eco Spring in Johor; and Eco Terraces in Penang.
EcoWorld Malaysia has approximately 8,318.3 acres of land bank with a total gross development value of RM85 billion. ​In September 2023, it was reported that the company had acquired land in Kulai, Johor, enabling the group to replenish its depleting land bank for industrial products, thereby increasing it by more than half to 1,198 acres.
In a relatively short period, Eco World has become a sought-after developer and brand name in the property world. In addition to its domestic operations, EcoWorld Malaysia, has also extended its reach to the United Kingdom and Australia, through its subsidiary, EcoWorld International Berhad (EcoWorld International).

Residential launches in 1H 2023 (mainly upgrader developments)

Central MalaysiaBohemia @ Eco Sanctuary, Kuala Langat
Eden @ Eco Sanctuary, Kuala Langat
Birchpark @ Eco Forest, Semenyih
SWNK Houze – BBCC, KL city centre
Norton Garden @ Eco Grandeur, Puncak Alam
Southern MalaysiaThe Commune @ Eco Botanic 2, Iskandar Puteri
Aranya, Caia, Aria & Nora @ Eco Tropics, Pasir Gudang, Iskandar Malaysia
Bayfield @ Eco Spring, Tebrau
Chara & Theia @ Eco Spring, Tebrau
Northern MalaysiaCamdon @ Eco Horizon, Bandar Cassia, Batu Kawan
Beldon @ Eco Horizon, Bandar Cassia, Batu Kawan
EcoWorld Malaysia launched a series of duduk properties to meet the needs of first-time homeowners and those seeking to own homes at more attainable prices. Huni at Eco Ardence and Se.Ruang at Eco Sanctuary are expected to be completed in Q1 of 2024.
In March 2023, EcoWorld Malaysia launched Hana D’ Eco Ardence, the latest in their duduk series. Other projects in the duduk collection include Sa.Young at Eco Botanic, Santai at Eco Spring, Ceria at Eco Horizon, and Riang at Eco Majestic.

9) UEM Sunrise

Total revenue for 2022RM1.5 billion
Financial results for 1H23Revenue: RM605 million
Sales: RM1.5 billion
UEM Sunrise was established in 2008 and is a subsidiary of UEM Group Berhad, a Malaysian infrastructure and construction company. UEM Sunrise has core competencies in macro township development, high-rise residential, commercial, retail, industrial and integrated developments.
UEM Sunrise is progressing into the second stage of Triage in 2023, upon achieving the majority of the initiatives rolled out in 2022. Triage is the first part of our three-phase strategic turnaround plan and takes place from 2022 to 2023. This will be followed by Stabilise (2024 to 2025) and Sustain (2026 and beyond).

UEM Sunrise’s presence in Malaysia and international regions

Central MalaysiaSerene Heights, Bangi
Symphony Hills, Cyberjaya
KAIA Heights, Seri Kembangan
Solaris Parq, Dutamas
Residensi Astrea, Mont Kiara
Kondominium Kiara Kasih, Segambut
Residensi Allevia, Mont Kiara
Kiara Bay, Kepong
Radia Bukit Jelutong (JV), Shah Alam
Forest Heights (JV), Seremban
Southern MalaysiaEast Ledang, Iskandar Puteri
Nusa Idaman, Iskandar Puteri
Nusa Bayu, Iskandar Puteri
Imperia, Iskandar Puteri
Teega, Puteri Harbour
Almas, Puteri Harbour
Estuari, Iskandar Puteri
Denai Nusantara, Iskandar Puteri
Serimbun, Iskandar Puteri
68° Avenue, Iskandar Puteri
Aspira LakeHomes, Iskandar Puteri
Aspira ParkHomes, Iskandar Puteri
Aspira Square, Iskandar Puteri
Aspira Gardens, Iskandar Puteri
Senadi Hills, Iskandar Puteri
Mall of Medini (JV), Iskandar Puteri
Horizon Hills (JV), Iskandar Puteri
Emerald Bay (JV), Iskandar Puteri
The Maris (JV), Kota Tinggi
InternationalAurora Melbourne Central, Melbourne
Conservatory Melbourne
Collingwood, Melbourne
Durban South Africa
UEM Sunrise’s focus has always been Iskandar Puteri in Iskandar Malaysia, Johor, where they assume the role of master developer, and Mont’Kiara and Dutamas in Kuala Lumpur as the leading developer for the niche segments in the vicinity. In addition, UEM Sunrise has developed retail concepts such as the Publika Shopping Gallery in the Dutamas neighbourhood.
Their sales as of 30 June 2023 were derived from The MINH in Mont’Kiara, The Connaught One in Cheras, and Residensi Allevia, and Senadi Hills, Estuari Gardens and Aspira Square, all in Iskandar Puteri.
UEM Sunrise will also continue to launch new phases of its existing developments, mainly double-storey landed homes in Serene Heights, Semenyih, and further phases in Senadi Hills and Gerbang Nusajaya, both in Iskandar Puteri.
The developer is aiming to launch Residensi ZIG in Kiara Bay in Kepong, allowing those who missed out on Residensi AVA to own a residence near the Kepong Metropolitan Park.
On 16 June 2023, UEM Sunrise launched a marketing initiative called the ‘Happy Hunt’ campaign, which encompasses a range new and ongoing developments in the central region such as The MINH, Allevia, KAIA Heights, Serene Square, and The Connaught One, and in the Southern region such as Senadi Hills Phase 2A, Aspira Gardens Phase 2 and Aspira Square.
In line with their portfolio rebalancing strategy in recent years, UEM Sunrise is geographically diversifying from current habitation, making an entrance into Equine Park in Seri Kembangan with the launch of KAIA Heights and acquired prime land parcels of 9.9 acres in Section 13, Petaling Jaya, which they target to launch in 2025.
They’ve also acquired 6.9 acres of land in Taman Connaught in Cheras, which will be home to their first transit-oriented development (TOD), as the land is located next to the Taman Connaught MRT Station.

10) IGB Berhad

Total revenue for 2022RM1.29 billion
Financial results for 1H23Revenue: RM778.31 million
IGB Berhad is a merger between Tan & Tan Developments Berhad and IGB Corporation Berhad. Their core business is in retail, commercial, residential, construction and hospitality, with investments in water treatment, information technology and data analytics and education.
Their first project was the Desa Kudalari luxury apartment project launched in 1979. Other notable developments include the 255-acre Sierramas project in Sungai Buloh, and Mid Valley City in Kuala Lumpur. Apart from Malaysia, IGB Berhad has also established footprints across Asia, Australia, the United States of America and the United Kingdom.
The group’s achievements include properties such as U-Thant Residences, Hampshire Residences and Offices, Stonor 3, and Seri Maya in KL, and Southpoint Residences at Mid Valley City.
Tan & Tan Developments Berhad, the property arm of the group, is focused on growing and refining lifestyle products, such as Coliv, Kuala Lumpur’s first co-living accommodation, and ReU Living, the group’s eldercare operator.
There you have it, some of the top names in the property industry in Malaysia. If you’re looking to purchase a home from a property developer, you can start your search by checking out the developers listed above!
And remember, always begin by checking your loan eligibility, and then narrow your options based on how much you can borrow from financial institutions!
Disclaimer: The information is provided for general information only. PropertyGuru International (Malaysia) Sdn Bhd makes no representations or warranties in relation to the information, including but not limited to any representation or warranty as to the fitness for any particular purpose of the information to the fullest extent permitted by law. While every effort has been made to ensure that the information provided in this article is accurate, reliable, and complete as of the time of writing, the information provided in this article should not be relied upon to make any financial, investment, real estate or legal decisions. Additionally, the information should not substitute advice from a trained professional who can take into account your personal facts and circumstances, and we accept no liability if you use the information to form decisions.

Who are the big property developers in Malaysia?

That would be… Symphony Life, previously known as Bolton Berhad. It was incorporated in 1964. Their first township development in Klang Valley was Taman Midah, Cheras.

In terms of land bank, Sime Darby Property is Malaysia's biggest property developer. They’ve approximately 15,000 acres of land bank.

Tier 2 developers are those with shareholders' funds or paid up capital of RM200 million and above. Some of them include Amcorp Properties Bhd, Asian Pac Holdings Bhd, Encorp Bhd, Gadang Holdings Bhd, Glomac Bhd, Hua Yang Bhd, Ivory Properties Group Bhd, Johor Land Bhd, KSK Group Bhd, KSL Holdings Bhd, Malton Bhd, and Mitrajaya Holdings.

According to the Real Estate & Housing Developers’ Association (REHDA) Malaysia, there are over 1,000 developers across Peninsular Malaysia.