Many students are not aware of the rewarding programme in real estate management that only a few universities in Malaysia offer. Even though most students go for familiar programmes, this programme might prove worthy for those of you with a particular interest for the property sector in Malaysia.
In fact, did you know that the richest people in the world are involved in real estate in some way? The demand for property and real estate has been growing over the past few years and is expected to keep growing all over the world, including Malaysia.
If you are someone who is interested in a deep understanding of the property market, a course in real estate management might just be the right course for you!
What is Real Estate Management?
Real Estate Management comprises managing land and property or real estate. There are two types of property involved in real estate management, commercial property such as offices, shopping malls and factories, and residential property such as houses, apartments and condominiums.
Given the high demand for real estate, considering the fact that we all need someone to live, work or even do other activities at, this market is actually quite large.
There are many parties involved in the construction and development of every property. A real estate professional oversees the operational aspects of the property, supervises the maintenance workers and handles negotiations between contractors, suppliers, and vendor contracts. They are also involved in determining rental income rates.
What do Real Estate Professionals do?
The key responsibilities of real estate professionals are listed below;
- Management of the purchase, sale and rental of the property
- Monitor real estate income and negotiate lease agreements
- Authorization of maintenance equipment and supply expenditure
- Negotiation of contracts between contractors, suppliers and vendors
- Supervision of maintenance workers, cleaning crews and contractors
- Keeping the owners updates on taxation, occupancy rates, and lease expiration dates
- Attending to complaints from residents and tenants
- Preparation of financial statements and records
- Reporting back to property owners and investors regularly
Why Should You Study Real Estate Management?
Listed below are some reasons why real estate management might be the perfect course for you!
1. You have a keen interest in the property sector
If you are interested in questions such as how the demand for property fluctuates every year and what makes one property a better investment than the other, a degree in real estate management can prove to be quite interesting for you. Through this degree you will learn how to make smarter judgments, and make better investment decisions involving real estate, which can be very rewarding for the minds curious about this field.
2. You are a people person
The field of real estate often involves communication between various parties that are involved, where a realtor, you will act as the mediator. You will constantly be meeting new people starting from contractors, regulators and developers to even tenants.
If you like meeting people and if you believe you have a talent for charming people with your persuasiveness, then there is a very high chance you will succeed in this field.
3. Will not bound you to a desk
One of the major perks of being a real estate manager is that you will not be bound to an office desk everyday. You are expected to work on site or visit property premises to meet various people, which makes the job exciting for those people who do not like a 9-5 job at the office.
What is the Study Pathway For a Real Estate Agent in Malaysia?
Please note that you are required to work under the supervision of a registered real estate agent at the probationary level in order to become qualified real estate agent.
You can also choose to become a Qualified Real Estate Valuer through the same pathway, however with the requirement of 2 years of working experience (for both diploma & degree holders) at probationary level under the supervision of a registered real estate valuer.
For more information, contact Excel Education.
What are the Career Options for Real Estate Management Graduates?
Real Estate Management graduates can seek for employment in various sectors such as;
- Construction
- Property Consultancy
- Property Investment
- Property Research
- Banking firms
- Asset Management Companies
- Statutory Boards
Real Estate Management graduates typically move on to professional roles such as;
- Real Estate Agent
- Real Estate Valuer
- Real Estate Investment Agent
- Property Consultant
- Property Marketer
- Land Economist
- Property Coordinator
- Property Inspection Officer
Average Salary for Real Estate Managers in Malaysia
The average median salary for property managers or real estate managers in Malaysia is approximately RM 63,000 per year. The annual average salary can however go as high as RM151,000.
Real estate agents typically get paid from commissions based on the price of the property they are handling, which is normally 2-3 percent of the property price.
To find more about the average salaries ranges for real estate managers in Malaysia depending on their years of experience, click here.
What Subjects will you Study in a Real Estate Management Degree?
- Property Law
- Planning and Building
- Economics for Business and Finance
- Investment Appraisal
- Management in Real Estate Sector
- Property Valuation
- Real Estate Economics and Investment
General Academic Entry Requirements for a Real Estate Management Degree in Malaysia
STPM | Minimum 3 passes |
A-level | Minimum 2 passes |
UEC | Minimum 5 Grade B’s |
Matriculation/ Foundation | Minimum CGPA 2.0 |
*The requirements may vary among universities, for inquiries on other specific entry requirements, contact Excel Education.
English Language Requirements for a Real Estate Management Degree in Malaysia
IELTS | Minimum score of 5.0 |
TOEFL (Internet Based Test) | 42 |
TOEL (Paper Based Test) | 410 |
MUET | Band 3 |
Pearson (PTE): | 47 |
*The requirements may vary among universities, for inquiries on other specific entry requirements, contact Excel Education.
Universities to Study Real Estate Management Degree in Malaysia
#1 University of Reading Malaysia
University of Reading Malaysia also offers its students the opportunity to transfer to the UK to complete part of the degree.
Please note that the requirements for this programme is quite high, compared to the other programmes offered in Malaysia. For more information, please contact Excel Education.
Program | Bachelor of Science in Real Estate |
Professional Recognition |
|
Intake | April | July | Sep |
Duration | 3 Years |
Indicative Fees (2021) | Local Students: RM37,600 per year International Students: RM45,200 per year |
#2 Infrastructure University Kuala Lumpur (IUKL)
If you would like to go for a more affordable programme with lower entry requirements, IUKL’s Bachelor of Real Estate Management Programme can be the right choice for you.
Program | Bachelor of Real Estate Management (Hons) |
Professional Recognition |
|
Intake | March | Jun/July | Sep/Oct |
Duration | 3.5 Years |
Indicative Fees (2021) | Local Students: Total RM54,200 International Students: Total RM65,100 |
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