Buying a home from the primary market by developers carries certain risks that home buyers are unaware of. Among the most glaring ones are abandoned housing projects, where the developer responsible is unable to complete them due to financial difficulties.
This is a huge problem, as the home buyers need to continue servicing the loan while the construction of their home is delayed indefinitely. If the home buyer is renting out, then he must pay not only the rent but the instalment per month. Even worse, these incomplete projects have no value.
Hence it is vital for customers to purchase homes from reputable developers with a track record of good fund management. Recently, The Star Media Group in collaboration with FIABSI launched the Malaysia Developer Award (MDA) 2023, with the purpose to recognise some of the most outstanding local developers.
It comes as no surprise that the prestigious Top-of-the-Chart (TOTC) Award by MDA incorporates financial stability as one of its quantitative measures.
According to MDA, stability in this sense is about a company efficiently growing its total assets across three years, encompassing 2020 to 2022, with 2019 as the reference year.
Companies that consistently exhibit positive growth during this period are given precedence. Additionally, the assessment delves into the debt-to-total-asset ratio, favouring companies with a lower percentage.
Within the RM1bil and above tier, HCK Capital has won second place in this aspect. With so many prominent developers vying for a spot, this victory has become an undisputed testimony of HCK’s excellence.
This victory becomes more pronounced when home buyers realise that HCK is a relatively new player in the property market compared to the many more experienced contenders, having entered about five years ago.
It is an indication of HCK’s potential ascent in the pantheon of property development. With a firm grasp on the pulse of its finance, HCK makes certain that homes are done, differently, definitely.
