Housing Developer License
In Malaysia, a developer planning to construct and sell housing units requires a combined license known as the Advertising Permit and Developer's License (APDL). It essentially functions as both a development and sales permit.
Here's a breakdown of the APDL:
Issuing Authority:
The Ministry of Housing and Local Government (KPKT) grants the Housing Developers Licence (HDL), a prerequisite for the APDL.
The local housing authority issues the Advertising Permit (AP) component of the APDL.
Requirements:
The applicant company must be registered in Malaysia.
A minimum paid-up capital of RM2 million is necessary.
At least two directors must be Malaysian residents.
Benefits:
Provides legal authorization for developing and selling housing properties.
Offers some buyer protection against unscrupulous developers.
For further information on the APDL application process or the relevant act, you can refer to these resources:
Housing Development (Control and Licensing) Act 1966 (Act 118)
Ministry of Housing and Local Government (KPKT) website
How Bestar can Help
Bestar, a prominent corporate services provider in Malaysia, can assist you in obtaining your Housing Developer's Licence (HDL) which is a crucial part of the Advertising Permit and Developer's License (APDL) needed for developing and selling houses in Malaysia. Here's how Bestar can be helpful:
Streamlined Process: Our team of experts can guide you through the entire HDL application process, saving you time and ensuring you meet all the requirements. This includes navigating steps like choosing a company name and adhering to regulations. [Setting up a Property Development Company - Bestar]
Compliance Expertise: Bestar has the knowledge and experience to ensure your application adheres to the guidelines set forth by the Companies Commission of Malaysia (SSM) and the Housing Development (Control and Licensing) Act 1966 (Act 118).
Additional Services: We can go beyond just the HDL and provide assistance with other aspects of setting up your property development company, such as drafting a company constitution that complies with Malaysian regulations.
Contact us for a quote on our HDL application assistance.
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