Hi guys,

I am interested to get into property development but I have no experience in this field. Where should I start as a newbie?

What paths can I take to get myself started in this industry?

I am 26, self employed atm. Going back to uni is an option.

You need a good architect, contractor, interior designer and loads of money and headaches. Usually the architect will do everything for you but you need financing from a good bank who would finance loans that buyers need. A good lawyer that doesn't cheat you when you collect your monies and draft out contracts with buyers.

Maybe working for 10 years first in sp setia. Talk later.

Its either you have very very very very deep pocket or you own a land or you have very very very good n reliable network. Or else

Anybody can share the cost of building single storey terrace and double storey terrace?

And what else hidden cost for a development? I can think of conversion premium, contractors' fee, contribution to authority.......

you need only 1 thing

connection to land office

why? can elaborate further?

when got connection

you get land
approval
special approval

all these are the hardest parts

your consultants are paid ones, so there are aplenty and not unique

make sure you have the banks to back you

or else you can say goodbye

Hi Alex, are you in development line?

Can you roughly give me the cost of single and double storey house? Need to see whether there is huge profit margin to motivate me think further.

Anyway, thanks for your advice.

very easy

go SP Setia or any other developers that build landed properties mostly

find their annual reports

its all there

roughly 20-30% is normal

Start working like me...

means we are going to see a new developer in future called "Accetera Development Sdn. Bhd." ?

I thought accetera already developed.. In Glenmarie.. Commercial lots..

Start with building your own house 1st la and learn from there. Read alot of books about property building. Age 26 yrs old already load of money unless you are tai yee long.

Or maybe try purchase 2 to 3 piece of land and build up then sell like developer.

Tai Yee Long also not enough, need to be Yee Sai Zhou or Fu Er Dai..lol

If he own a huge piece of prime land then can join venture with developer to build condo, like Meng Heng (Used Car Dealers) joint up with Platinum Victory.

If not enough $$$, no land, no network then buy a kilo of Tai Tao Choy made soup & dream of it...lol

Asking how to become developer in property forum, youngsters nowadays. .sigh

buy jackpot from toto, magnum, 3d+1 to make ur dream come true . Eat Tai Tao Choy won't help at all.
I am young but it doesn't mean you can tipu me.

do you have landbank ? easily need 2 acre above to build a condo and you need to JV with developers and learn from there.

If only buy now, land price is easily *RM100 psf (with DO) so is about RM10mil.
* Non prime area like Kajang maybe.

So are you ready ?

Nirvana Group is doing property development too. Properly different business modal.

Watch 创世纪 first

Property development is NOT like real estate sales as you need a wide scope of knowledge to be able to estimate, build, deliver and survive the business and contractual world. Its all about contracts and fundamental understandings on architectural, engineering (civil & structure and M&E), and marketing. By being 'self employed' where I assume it is about sales I will tell you it is not enough.

Please explain what your 'self employed' is, and what qualifications and skills and networks you have.... and you will have an answer from me.

Acquire a piece of land 1st, 30K sf-5 acres, then move fr there
You can start without much knowledge, there are many consultancy firm will handle A-Z for you.
My advice : you can think big but be realistic, instead of starting something that you totally dunno, might as well start a business which you are most confident of, make as much money as you can, then yr developer dream will come eventually

I think some of you guys misunderstood the intentions of my question. I wanted to ask about the paths to become a property developer ie get a degree in xxx then do xxx, start work in a property development company like xxx, buy small property and fix up get experience etc.

Also being 26 does not disqualify me from trying to acquire more info in an industry that I am interested in.

Hope I dont sound too defensive.

Maybe actual property developers who lurk in this forum should answer your question.

Basic rule of investment is "How much is yr budget?". From there ppl can specifically advise you which property development sector suitable for yr budget. I wish there is a book called "Property Development for Dummies".

close enough ?
http://www.linkedin.com/groups/FREE-BOOK-P...247.S.213269748

Join BN and Become politian...

Honestly none of these is important. In Malaysia connection and financial support are all you need. Searching info online won't get you any further cause there is no fixed path to become a developer. Today you might be a repairman with only SPM cert but you still can be a developer in the future (Not joking, real case).

hi there,

to join a property development team, you either to become into 3 teams, either the client team, consultant team (architect/c&s/m&e/qs etc) or contractor team because they all the parties who involves in the development..

to set a career path towards that, you should study in either architecture, engineering (civil, m&e etc), quantity surveyor etc2 (but not limit to that)..

i you really interested to be a property developer by yourself (develop your own land and sell it), first get a job in developer company..gain experience, familiar with all the process and procedures, learn how to manage the project and the team (consultants and contractors)..and the hardest part, to liaise with the authorities..

basically the process involve are:-

Planning stage:
1. to know the status of land / to conversion or combining the plots / understanding on all the premium and taxes involves during that stage,
2. land surveyor to do topo survey
3. planner to do a master plan (following the requirement by the authority)
4. other consultants to work out on the infrastructure planning (sewerage, electrical, watersupply etc)
4. to do feasibility study on your project..
5. Development Order submission

Design stage:
1. after get the DO approve, all consultants to workout on the detail design for Building Plan submission.
2. submit the building plan to authorities.
3. after getting building plan approval, you as a developer need apply for APDL (Advertising Permit and Developer License).
4. then start looking into the tender stage, where all consultants including QS to do tender document bla bla bla
5. Tender and evaluation.
6. after you get your APDL approve, you can start sell your product.

Construction stage:
1. earthwork package running.
2. Building works running.
3. Infra works running.
4. when the construction is about 60% completed, start working on the CCC application. (this one is the hardest part).
5. to get all the authorities come to your site and do inspection for their recommendation letter (G1 - G22 if not mistaken). which mean Jab. Perancang, Penilaian, Kejuruteraan, TNB, SYABAS, IWK, BOMBA (this one most crucial), etc2 come and inspect your site.
6. if all done, architect to submit borang F for CCC.

then done. you are a developer.

sounds easy rite..but each stage need a really big experience to manage it..from coordinating with the consultants till monitoring the project..we cannot rely on the consultant 100% cause they have plenty of project on their hand..and of coz they will set their priority on big2 project one..so, you yourself need to turun padang and do your self.

to become so, learn it by join the developer company and gain experience..

+1
Thanks for the in-depth and clear information.

Not as easy as you could ever imagined about being a Developer

if you're talking about TURNKEY-DEVELOPER, then it is possible but you still need to have the followings

-Establish a company

-Most importantly, LAND

-Surveyor, Engineer, Architect to get your BP done

-Get approvals from the officials

-Tender project for Contractors/ Sub-contractors

-Market your project by yourself/ property agent

-(this is difficult as there is no DIBS project which hard for you to sell)

-that goes on, with approximately 24 clearances from different departments depending on what kind of project you are coming up with

Agree, connections is very important and bank support.

Yes you explained each stage well, I believe you are working with a developer?

But each stage quite headache sometimes. Haha

+1000
Very well said!

The path only starts when you throw yourself into the construction industry. You can do it either with or without tertiary education but having deep and strong financial connections is the most crucial in this business. The founder of SP Setia is a retard that knows nuts on technical and engineering stuffs but still able to be the top developer in a very short timeframe.

Of course, timing is also important lah.

Many degree courses can aid you in understanding on development such as Architecture, Civil Engineering, Quantity Survey, Construction Project Management etc etc which will take minimum 4 years of learning, especially architecture and civil engineering because they have to comply to stringent their own authorative body requirements. Developers prefer to hire people in these few backgrounds.

Being 26 surely shouldn't hinder you in doing what you felt you are interested in, I started working as a civil engineer since 26 after spending 8 years for a degree (main-main + bad timing + repeat semesters) and if studying is something you can handle this age go for it.

Everything comes at a cost. You must be prepared for the sacrifices. Sometimes, the business may force you into bankruptcy.

Very good explanation. The best so far. Not totally complete but I do believe it helps lots of people understand better. Thumbs up explanation!

I salute... Best explanation..

clear explanation

from there can see the lead consultant which is the architect is most important as they will be involved from very early phase that is feasibility study, land conversion, upto Final completion ( CCC ). so most important is get a good architect...plus a chunk of money will go to them but will really ease ur burden. they will even advise u on the type of developments that u shud do on ur land to maximise ur profit.

consultants aside, the most important is land bank lor...either u JV with land owner or buy yourself.

if u dont have technical knowledge can join property developer management team..learn how to handle land matters, contractual matters, professional matters, construction matters...legal matters..fuuuuuu..lots of stuff mang

How do I get capital for starting a development company

one word, GENG!!!!