--- title: Malaysia Blacklisted 109 Property Developers description: Malaysia’s Ministry of Housing and Local Government (KPKT) has blacklisted 109 property developers for regulatory non-compliance, including failures to submit financial audits, progress reports, and balance sheets image: https://img.iproperty.com.my/angel/750x1000-fit/wp-content/uploads/sites/2/2020/01/property-abandoned-developer-1024x708.jpg --- [Skip to content](https://www.thefinancialcoconut.com/blog/malaysia-blacklisted-109-property-developers#main-content) [![Full_COlour](https://www.thefinancialcoconut.com/hs-fs/hubfs/Full_COlour.png?width=456&height=80&name=Full_COlour.png)](https://www.thefinancialcoconut.com/) - [Retirement Marketspace](https://retirementmarketspace.thefinancialcoconut.com/) - [Events](https://www.thefinancialcoconut.com/events) Show submenu for Events - [For Investors](https://tfcmysterymeetup.com/) - [For Business Owners & Creators](https://ipcreatorunite.peatix.com/) - [For Salaried Workers](https://www.thefinancialcoconut.com/thought-leadership-series) - [TFC Events](https://www.thefinancialcoconut.com/events) - [Shows](https://www.thefinancialcoconut.com/tfc-shows) Show submenu for Shows - [Wise and Shine](https://www.thefinancialcoconut.com/wise-and-shine) - [The Business Show](https://www.thefinancialcoconut.com/tfc-business-show) - [Chills with TFC](https://www.thefinancialcoconut.com/chills-with-tfc) - [Blog](https://www.thefinancialcoconut.com/blog) Show submenu for Blog - [Work Smart](https://www.thefinancialcoconut.com/worksmart) - [Invest](https://www.thefinancialcoconut.com/invest) - [Retire Well](https://www.thefinancialcoconut.com/retire-well) - [Business](https://www.thefinancialcoconut.com/business) Open main navigation Close main navigation - [Retirement Marketspace](https://retirementmarketspace.thefinancialcoconut.com/) - [Events](https://www.thefinancialcoconut.com/events) Show submenu for Events - [For Investors](https://tfcmysterymeetup.com/) - [For Business Owners & Creators](https://ipcreatorunite.peatix.com/) - [For Salaried Workers](https://www.thefinancialcoconut.com/thought-leadership-series) - [TFC Events](https://www.thefinancialcoconut.com/events) - [Shows](https://www.thefinancialcoconut.com/tfc-shows) Show submenu for Shows - [Wise and Shine](https://www.thefinancialcoconut.com/wise-and-shine) - [The Business Show](https://www.thefinancialcoconut.com/tfc-business-show) - [Chills with TFC](https://www.thefinancialcoconut.com/chills-with-tfc) - [Blog](https://www.thefinancialcoconut.com/blog) Show submenu for Blog - [Work Smart](https://www.thefinancialcoconut.com/worksmart) - [Invest](https://www.thefinancialcoconut.com/invest) - [Retire Well](https://www.thefinancialcoconut.com/retire-well) - [Business](https://www.thefinancialcoconut.com/business) - [Contact us](https://www.thefinancialcoconut.com/contact-us) [Contact us](https://www.thefinancialcoconut.com/contact-us) Apr 7, 2025, 3:31:14 PM # Malaysia Blacklisted 109 Property Developers ![Picture of The Financial Coconut](https://www.thefinancialcoconut.com/hs-fs/hubfs/Square%20(2)-3.png?width=50&name=Square%20(2)-3.png) [The Financial Coconut](https://www.thefinancialcoconut.com/blog/author/the-financial-coconut) Share: [facebook-f icon](http://www.facebook.com/share.php?u=https://www.thefinancialcoconut.com/blog/malaysia-blacklisted-109-property-developers) [linkedin-in icon](http://www.linkedin.com/shareArticle?mini=true&url=https://www.thefinancialcoconut.com/blog/malaysia-blacklisted-109-property-developers) [envelope icon](mailto:?body=https://www.thefinancialcoconut.com/blog/malaysia-blacklisted-109-property-developers) [Share this page](https://twitter.com/intent/tweet?url=https://www.thefinancialcoconut.com/blog/malaysia-blacklisted-109-property-developers) [![Follow The Financial Coconut](https://no-cache.hubspot.com/cta/default/46975693/interactive-182431637553.png)](https://cta-service-cms2.hubspot.com/web-interactives/public/v1/track/redirect?encryptedPayload=AVxigLL2CjCe42iR2RH2MpVX0Ej%2BKJQ%2F3A0Z7pXnUs35To%2Bo6nbKcpBVq9I98X5NUungVEwfs5YCKuM%2FaP97VxIITkTlihT57%2F%2F4XDW9rT3VR4MatSLDi%2BMU5mbQqihfX3LRRz83ij8K19OiD8UXy8sdct4t0Q%3D%3D&webInteractiveContentId=182431637553&portalId=46975693)   Malaysia’s Ministry of Housing and Local Government (KPKT) has **blacklisted 109 property developers** for regulatory non-compliance, including failures to submit financial audits, progress reports, and balance sheets. The move, announced on April 7, 2025, by Minister Nga Kor Ming, underscores a tightening regulatory environment aimed at protecting homebuyers and stabilising the housing market. ### **Fines and Penalties** - **RM9.03 million** in fines were issued in 2024 for 471 violations  - **RM1.25 million** in fines were levied in the first two months of 2025 alone - Blacklisted developers are barred from applying for new licenses until fines are settled, and their directors face restrictions to prevent re-establishment under new entities ### **List of the Property Developers with Violations** | Top 10 Property Developers | | --- | | BUDI SAJA SDN. BHD. | | PR1MA CORPORATION MALAYSIA | | KOTAMAS DEVELOPMENT (M) SDN. BHD. | | RISING SUN ENTITY SDN. BHD. | | SENTORIA HARTA SDN. BHD. | | AQRS THE BUILDING COMPANY SDN. BHD. | | SYARIKAT PERUMAHAN NEGARA BERHAD | | SPNB ASPIRASI SDN. BHD. | | MSO CORPORATION SDN. BHD. | | SPNB IDAMAN SDN. BHD. | ### Get access to Malaysia’s 2025 developer blacklist   ## **Why This Matters for Singaporean Investors** 1. **Cross-Border Investment Risks**: Many Singaporean professionals and investors hold property interests in Malaysia, particularly in Johor and Kuala Lumpur. The blacklist highlights the importance of **due diligence**—developers with opaque financial practices or delayed projects could jeopardize returns 2. **Regulatory Trends**: Malaysia’s crackdown mirrors Singapore’s emphasis on housing accountability (e.g., cooling measures, ABSD hikes). Investors should anticipate stricter regional enforcement of housing regulations  3. **Market Opportunities**: The blacklist may weed out unreliable players, creating opportunities to invest in compliant developers. Meanwhile, Malaysia’s Task Force on [Sick Projects](https://teduh.kpkt.gov.my/peringatan-pemaju) has revived [**89 stalled developments**](https://www.bernama.com/en/news.php/?id=2406408#:~:text=PUTRAJAYA%2C%20March%2026%20(Bernama),two%20months%20of%20this%20year.) worth RM6.48 billion in early 2025, signaling potential in distressed assets  ![21 projek PR1MA `sakit', pembeli tunggu 5 tahun - Utusan Malaysia](https://www.utusan.com.my/wp-content/uploads/b8a5b1ff-f620-41a6-8cdd-9a065a4d5280.jpg) ### **Actionable Insights** - **Verify Developers**: Use KPKT’s official portal ([teduh.kpkt.gov.my](https://teduh.kpkt.gov.my/)) to check licensing status before investing - **Focus on Compliance**: Prioritise developers with transparent audit trails and timely project delivery. - **Monitor Regional Policies**: Malaysia’s actions reflect a broader Southeast Asian push for housing market stability—align portfolios with regulatory shifts ### ![Updated) Blacklisted property developers in Malaysia - iproperty.com.my](https://img.iproperty.com.my/angel/750x1000-fit/wp-content/uploads/sites/2/2020/01/property-abandoned-developer-1024x708.jpg) ### **The Blacklisted Developers** While the ministry has not publicly released the full list, Minister Nga confirmed the details are accessible on the [KPKT website](https://teduh.kpkt.gov.my/). The violations predominantly involve financial reporting failures, suggesting systemic governance gaps. **For High Earners** For Singapore’s affluent investors, this crackdown is a **double-edged sword**: - **Short-term Caution**: Existing investments in blacklisted developers may face delays or defaults. - **Long-term Stability**: A regulated market reduces systemic risks, enhancing Malaysia’s appeal for sustainable investments. Malaysia’s housing ministry is drawing a hard line on accountability—a lesson for investors prioritizing cross-border opportunities. As regional markets tighten compliance, proactive due diligence and adaptability will define success. Read also about[legal dispute from Singaporeans caught in Malaysia’s Private Lease Scheme](https://www.thefinancialcoconut.com/blog/private-lease-scheme-legal-dispute) Let us know what you think about this [topic](https://www.thefinancialcoconut.com/blog/tag/property), and what do you want to hear next. 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