Real estate is an ever-evolving industry that plays a crucial role in shaping the economic landscape of Malaysia. With the growing demand for professionals in the field, the country has developed an excellent education system that offers a range of degree programs and courses to meet the industry’s requirements. Pursuing a real estate degree in Malaysia can be an excellent choice for students seeking to gain in-depth knowledge and practical skills to succeed in the dynamic world of real estate. With the country’s thriving economy and vibrant property market, a degree in real estate from a top university in Malaysia can open doors to a plethora of exciting career opportunities in the field.
Top Malaysian Universities for Real Estate degrees
We have compiled a list of Malaysian universities for you to select from, including some that are ranked among the top QS world ranking universities, as well as some affordable options.
| No. | University | Location | Program Offered | Duration | Annual Tuition Fees | Intakes | QS Ranking |
|---|---|---|---|---|---|---|---|
| 1 | Curtin University | Sarawak, Malaysia | Bachelor of Commerce (Property Development and Valuation) | 3 years | $20,085 | Feb & July | 193 |
| Curtin University | Sarawak, Malaysia | Bachelor of Commerce (Property Investment and Development) | 3 years | $20,085 | 193 | ||
| 2 | University of Reading | Johor Bahru | BSc Real Estate | 3 years | $9,900 | Apr, July, & Sept | 229 (UK) |
| 3 | Universiti of Malaya (UM) | Kuala Lumpur | Bachelor of Real Estate | 4 years | $4,070 | Feb & Sept | 70 |
| 4 | Universiti Tun Hussein Onn Malaysia | Parit Raja | Real Estate Management with Honors | 4 years | $1,365 | Feb, June & Sept | 1001+ |
| Universiti Tun Hussein Onn Malaysia | Parit Raja | Building and Property Management (Honours) | 3 years | $4,720 | 1001+ | ||
| 5 | Universiti Teknologi Malaysia (UTM) | Johor Bahru | Property Management | 4 years | $3,705 | Feb & Sept | 203 |
| 6 | Infrastructure University Kuala Lumpur (IUKL) | Protasco Berhad | Bachelor of Real Estate Management (Hons) | 3.5 years | $11,935 | Mar, June & Sept/ Oct | – |
| 7 | International University of Malaya-Wales (IUMW) | Federal Territory of Kuala Lumpur | Bachelor of Real Estate Management and Auction (Hons) | 3 years | $4,741 | Jan, May/June, & Sept | – |
| 8 | Universiti of Malaya (UM) | Kuala Lumpur | Master of Real Estate | 1 year | $7,100 | Feb & Sept | 70 |
What Skills do You Need to Study Real Estate?
To succeed in a career in real estate, having a strong set of skills is essential. The best performers in this field possess specific qualities and skills that make them stand out from the rest. By concentrating on developing these skills, students can lay the foundation for a promising future in real estate. The basic skills required are:
- Good communication skills
- Writing skills
- Up-to-date information on the local market
- Knowing about the taxes
- Time management skills
- Marketing skills/ social media marketing, and others.
Why Study Real Estate in Malaysia?
Studying real estate in Malaysia provides a unique opportunity for students to gain a comprehensive understanding of the local and international real estate markets. With Malaysia’s growing economy and rapid urbanization, the demand for skilled real estate professionals is increasing. By pursuing a degree in real estate in Malaysia, students can acquire the necessary knowledge, skills, and experience to succeed in this dynamic field. Additionally, Malaysia offers a diverse and vibrant cultural experience, as well as world-class education facilities, making it an excellent destination for international students. Overall, studying real estate in Malaysia can provide students with a competitive advantage in the global job market and an enriching personal and educational experience.
Entry Requirements for Real Estate in Malaysia
To pursue a career in real estate management, one needs to fulfill the minimum entry requirements set by colleges or universities in Malaysia. For a Diploma in Real Estate Management, a minimum of three credits including Mathematics in O-levels is required. This program generally takes 2.5 years and provides students with the necessary knowledge and skills to work as a real estate agent. After completing the diploma, one can apply for a Probationary Estate Agency License from the Board of Valuers, Appraisers, Estate Agents and Property Managers Malaysia (BOVAEAP), and work as a Real Estate agent.
On the other hand, a Degree in Real Estate Management requires students to complete a Pre-University or Foundation course in addition to their SPM or equivalent qualifications. The entry requirements vary depending on the course, but typically require a minimum CGPA of 2.00 and a credit in Mathematics at SPM level or equivalent. A degree program usually takes 3-3.5 years, and some universities may require students to participate in industrial training or internships to supplement their theoretical education.
Duration of Real Estate Programmes in Malaysia
In Malaysia, the duration of Real Estate programs varies based on the level of study.
- Diploma: Around 2 years
- Foundation: 1 to 2 years
- Undergraduate: 3-4 years
- Post-graduate: 1-2 years
Cost to study Real Estate programmes in Malaysia
Rough estimate of tuition fees for studying Real Estate programmes in Malaysia are given below:
- Diploma: USD 550 to 9,500
- Undergrad: USD 1,265 to 40,615
- Post grad: USD 1,150 to 62,730
The details provided may be altered or updated at any time. It is important to stay up-to-date with any changes or revisions made by the respective universities, especially in terms of entry requirements, program offerings, fees, and other related information. Prospective students should always check with the universities directly or through official websites to obtain the latest and accurate information before making any decisions related to admission and enrollment.
Related fields of Real Estate
Real Estate has a diverse field. Various fields of Real Estate are available for the students to choose from. Let’s explore some of them:
- Land
- Residential
- Commercial
- Industrial
- Marketing
- Property Investments and Management, etc.
Prominent Certification in Real Estate
Acquiring a certification in real estate can be advantageous in establishing your expertise in a particular field and distinguishing yourself from other professionals in the industry. Irrespective of your prior knowledge and experience in the real estate sector, obtaining a certification can significantly influence your reputation and achievements.
It is indeed a significant move in your profession, but it entails hard work and commitment to studying. Some of the prestigious certifications are: Certified Residential Specialist (CRS), Certified Luxury Home Marketing Specialist, Certified Commercial Investment Member, Certified Property Manager, Accredited Buyer’s Representative, Seniors Real Estate Specialist, etc.
What Courses Will Be Covered in Real Estate Programmes?
In a Real Estate Management course, students will gain an extensive knowledge of various topics related to property management, valuation, development, and sales. Along with the basics of business management and economics, they will learn about the legal and statutory aspects of the property market.
Some of the key subjects included in the Real Estate Management programme are investment valuation, property management, land economics, statutory valuation, property law, town and country planning, real estate agency, and principles of accounting. By mastering these subjects, students can gain a comprehensive understanding of the real estate industry, and develop the skills necessary to excel as a professional in the field.
Career Opportunities
Real Estate graduates have a wide range of career opportunities available to them in Malaysia. The Real Estate industry is constantly growing, and as such, there is a high demand for skilled professionals in the field. Graduates can choose to work in various areas such as property management, real estate sales, agent/ realtor, home inspector, commercial leasing, property investment, property valuation, and real estate development.
Additionally, they can work in both the private and public sectors, with opportunities to work in the government, banks, financial institutions, construction companies, and real estate agencies. With the growing demand for housing, commercial spaces and properties, and the ever-evolving real estate market, a career in Real Estate can be both rewarding and lucrative for those with the necessary skills and expertise.
FAQs
1. What are the job prospects for a Real Estate graduate in Malaysia?
Answer: Real estate graduates have a range of career options to choose from, such as property manager, real estate agent, real estate analyst, property developer, and more. With the growing demand for properties in Malaysia, there are many opportunities for real estate graduates to work in both public and private sectors.
2. What subjects are included in a Real Estate programme in Malaysia?
Answer: Real Estate programmes in Malaysia include subjects such as investment valuation, property management, land economics, statutory valuation, property law, town and country planning, real estate agency, and principles of accounting, to name a few.
3. How much can I expect to earn as a Real Estate professional in Malaysia?
Answer: Salaries for Real Estate professionals in Malaysia can vary depending on factors such as years of experience, job position, and location.
4. What are the top universities in Malaysia for Real Estate degrees?
Answer: Some of the top universities in Malaysia for Real Estate degrees include Universiti Teknologi Malaysia (UTM), Universiti Malaya (UM), Universiti Putra Malaysia (UPM), and Tunku Abdul Rahman University College (TAR UC).
5. What other skills do I need to succeed in a Real Estate career?
Answer: Besides academic qualifications, other essential skills needed to succeed in a Real Estate career include good communication skills, negotiation skills, analytical skills, sales skills, and networking abilities. Real estate professionals should also keep themselves up-to-date with the latest industry trends and regulations to better serve their clients.
Conclusion
In conclusion, pursuing a Real Estate degree in Malaysia can open up a world of opportunities for individuals who are passionate about the property market. With a variety of programmes available, students can tailor their education to suit their career goals and interests. Real Estate degrees offer practical and theoretical knowledge, which can help graduates succeed in a range of fields such as property management, real estate brokerage, valuation, and development.
Top universities in Malaysia provide a wealth of resources, including knowledgeable faculty, industry connections, and professional development opportunities, which can give students an edge in a highly competitive job market. Real Estate is a rapidly growing industry in Malaysia, making it an excellent time to pursue a degree in this field.
