WHO WE ARE: OUR 4 GUIDING PRINCIPLES

MLDC (Malaysia Land Development Co) is a property developer involved in the entire value chain of building production: from land acquisition, development and master planning, design and engineering, to the execution operations including procurement and construction, and finally operations and maintenance.

We are guided by 4 key principles listed below:

CUSTOMER OBSESSED

We start with the customer and work backwards: paying attention to our competitors but obsessed over customers. We focus on identifying customer wants and needs, then work vigorously to earn and keep their trust.

INVENT AND SIMPLIFY

We expect to innovate and invent from our team internally, seeking new ideas externally, not constrained by “not done before”. Relentless in our efforts to simplify, we constantly iterate and improve our ideas and operations, to maximise our competitive edge.

OPERATIONAL EXCELLENCE

We help each other to be great. Like a pro sports team, we are nimble, beautifully synchronised, and aspire to maximise the best of our collective potential. We believe that Adequate performance gets a generous severance package. We look to build a team of stunning colleagues. We believe operational excellence is the only sustainable competitive edge.

SUSTAINABILITY

We aspire to think longer term than most companies, seeking to build something big, enduring and sustainable. This vision can only manifest into reality if we align our interest with that of the buyer. This will translate in our design being more environmentally sustainable, being extremely detail oriented in our living space, instead of offering standard design and finally being conscious of longevity of our offering.

OUR VISION

The nature of Malaysia’s construction industry is characterised by one-off nature of projects, undertaken by temporary project coalition: developer, consultants (architect and engineer), quantity surveyor, contractors etc. We believe this operating model does not best serve home-owners, with a trade-off between price and quality as there are no incentives to invest in R&D of construction technology that will create value in the form of construction cost reduction.

Furthermore, design and construction will also experience technical discontinuity, such as ease of material assembly on site might not be considered, inefficient design with costly specification, and construction methodology that exceeds the capability of contractors.

Consolidating the roles of each key player, MLDC aims to create value for home-owners through invention and improvement of capabilities across the entire value chain of property development, continued pursuance of operational excellence, working backwards from the wants and needs of our customers, to ultimately deliver intently thoughtful living spaces that could sustain the test of time.

OVERVIEW OF MLDC

HISTORY

Formally owned by Sime Darby Property, MLDC’s principal activities of its subsidiaries were mainly hotel resort operations, provision of management services and property development. It developed Genting View Resort, consisting of several apartments and an operating hotel. In 2017, MCT co-founder Dato Seri Tong Seech Wi completed the acquisition of MLDC, with the continued aspiration to build and develop innovative, modern and sustainable communities.

CURRENT MANAGEMENT

Helmed by an experienced team with a unified experience of 30 years in the construction and property development industry, MLDC will also be led by Dato Seri Tong Seech Wi who co-founded MCT in 1999. Starting amid the Asian financial crisis, the design and build construction with start-up capital of RM250,000 grew into a key player in property, eventually listing on the Main Market of Bursa Malaysia Securities Berhad in 2015, with combined GDV of completed projects north of RM1 billion.

CURRENT PORTFOLIO

MLDC land bank in possession currently amounts to 88 acres (estimated market value of RM 326 million) spanning across Genting, Putra Heights, Damansara and Cyberjaya. Our current inception of development, bearing 18 acres holds a total Gross Development Value (GDV) of RM 1.5 billion, with remaining 70 acres of potential integrated developments yet to be explored. Existing project is the redevelopment of Genting View Resort, with property management and hospitality division in GVR Hotel.