Jakel Development will be actively putting its plan into place and developing its myriad of projects beginning year 2015.
Jakel was founded by the late Mohamed Jakel Ahmad in 1983 in Muar, Johor. Incepted as a carpet retailer with a working capital of RM30,000, Jakel was formally incorporated two years later and moved its expanded business which included textile retailing to Segamat, Johor.
In 1990, Jakel ventured into a semi-wholesale business with a capital injection of RM500,000. Seven years later it bought over the REX Theatrein Segamat and subsequently converted the premise into a popular Jakel retail outlet. By 1998, Jakel has become a major player in the industry after taking a leap of faith to directly import textiles from major producers in Japan, Korea, Indonesia, India and many others.
Sharing the Bumiputera Agenda for a larger participation in the business sector, in 2004 Jakel pioneered the first textile franchising in the country which successfully grew to 16 branches nationwide. This determination had resulted in Jakel being recognised as a Mentor Entrepeneur for Perbadanan Usahawan Nasional Berhad (PUNB).
Jakel ventured further and in 2007 established its new headquarters in the bustling Masjid India district in Kuala Lumpur. Later, it diversified its product range to include head scarves and shawls through the Ariani signature.
In 2010, Jakel Shah Alam in Section 7 was officiated by His Royal Highness DYMM Sultan Sharafuddin Idris Shah Al-Haj, the Sultan of Selangor. The outlet was later conferred the title as the Largest Textile Retail Outlet by the Malaysia Book of Records. Building on the success, in 2015, a 10-storey Jakel Mall in Jakel Square, Kuala Lumpur opened for business which later crowned as the Largest Textile Mall in Malaysia by The Malaysia Book of Records and the World's Largest Textile Mall by The BrandLaureate International Awards.
In 2014 Jakel diversified into the property development sub-sector. With its clear vision and strategic landbank, Jakel Development promises to be another successful business arm for Jakel Group.
Putting the principles of modesty and honesty first while aiming to provide only the best quality at an affordable price point, Jakel Trading was built on a tradition of trust – with emphasis on both reliability and consistency.
Building on its successes, Jakel Trading has expanded into four new divisions of business which include Retail, Property (established - 2011), Oil & Gas, and Manufacturing. With 34 subsidiaries comprising more than 48 branches in total, Jakel Trading is now thriving, making it a force to be reckoned with.
Jakel Trading is taking flight and soaring into its next venture with a new endeavour - Jakel Development - building quality lifestyles for the community, and the nation.
With a strategic landbank throughout major cities in Malaysia, and a vision to be the country’s Preferred Property Developer, Jakel Development is set to become the new benchmark in Malaysia’s real estate industry.
To be the preferred Property Developer in the country.
We aspire to provide quality lifestyles, and to set a new benchmark in Malaysia’s real estate industry.
Quality & Excellence
Without compromising its impeccable quality and craftsmanship, Jakel Development provides innovative living and lifestyle solutions to our purchasers.
Jakel Developement is committed to uphold the principles of honesty, integrity, accountability and trustworthiness.
Standing by our belief that social interactions and adaptability are crucial in creating harmonious living conditions, Jakel Development endeavours to build not just homes, but communities.
Ensuring the equilibrium of the advantages it provides, Jakel Development interweaves living comforts and lifestyle indulgences into all our developments.
Dedication & Consistency
Jakel Development strives to provide a better experience for our purchasers at all stages of the building process.
Jakel is spearheaded by experienced and skilled individuals who form the solid root that runs deep beneath this organisation. Talented, bold, and experienced in the property development industry, they envision a bright new beginning for Jakel Development, aspiring to be one of the nation’s top property developer.
Group Managing Director
Datuk Haji Mohamed Faroz bin Mohamed Jakel is the Group Managing Director of Jakel Group of Companies. His foray into business began at a very young age under the guidance Allahyarham Mohamed Jakel Ahmad. Within a few short years Datuk Haji Mohamed Faroz expanded the family business into one of Malaysia’s most renowned textile wholesalers and retailers. Datuk Haji Mohamed Faroz is the recipient of numerous awards such as the 1Malaysia Entrepreneur Idol award and has served as a mentor to budding entrepreneurs through collaborations with Perbadanan Usahawan Nasional Berhad. Datuk Haji Mohamed Faroz ventured into the property industry in 2009 by acquiring strategic commercial properties around the Golden Triangle of Kuala Lumpur. He then established Jakel Development Sdn Bhd to effectively manage and facilitate the acquisition of more strategic assets.
As Jakel Properties began to flourish, Datuk Haji Mohamed Faroz began a tactical acquisition of land for development purposes in order to realise his vision of becoming Malaysia’s preferred property developer. Jakel Development Sdn Bhd was then conceptualised and formed for this purpose in 2014. Through the years, Datuk Haji Mohamed Faroz acquired vast experience in land acquisition, project financing and construction and is poised to turn Jakel Development into a force to be reckoned with.
|2003||Appointed as the Entrepreneur‘s Mentor by PUNB (Perbadanan Usahawan Nasional Bhd)|
|2010||Won the 1Malaysia Entrepreneur Idol award.
Recognized as the Usahawan Idola 1Malaysia by the Economic Bureau and Development of UMNO Malaysia
|2013||Received the Panglima Jasa Negara medal and was awarded the ‘Datukship’ honour by DYMM Seri Paduka Baginda Yang di-Pertuan Agong XIV|
Chief Executive Officer
Zulkifli Tahmali bin Yusof Tahmali, an Architect by training, has extensive experience in the property development industry as a developer and an Architect/Planner spanning 30 years. He is a licensed Architect in the State of Connecticut, United States since 1991 and a Professional Architect registered with the Board of Architects Malaysia since 1995. He holds a Master of Business Administration in Finance from Universiti Putra Malaysia and a Bachelor of Architecture degree from the University of Louisiana at Lafayette, United States. Zulkifli has also successfully completed a number of senior management programs from various international higher learning institutions including the Harvard Business School and the IMD Business School at Lausanne, Switzerland.
Zulkifli began his career in the United States as an Architect with Westfield Inc, an Australian shopping centre developer with developments in New Jersey, Connecticut and California. Upon his return to Malaysia, he served various organisations namely Perunding Alam Bina (Senior Architect/Planner), Metacorp Berhad (Senior Manager, Property Development), United Malayan Land Berhad (Director, Operations) and UEM Sunrise Berhad (Project Director, Nusajaya). Zulkifli was the Senior Vice President, Property International at Sime Darby Property Berhad prior to joining Jakel Development Sdn Bhd. In addition to the Malaysian market, he has global exposure to United States, United Kingdom, Singapore and Australia.
Assistant General Manager, Business Planning and Development
Ms. Khadijah binti Mohd Yatib graduated with a Bachelor of Science in Hotel & Restaurant Management from Northern Arizona University, Flagstaff Arizona, USA. She then continued to pursue her Master of Arts in Education and Human Development, majoring Tourism Development and Transportation from George Washington University, Washington DC, USA.
She began her career as a Consultant with KPMG Peat Marwick (UK) in the Business Investment unit in 1990. In 1992, she joined two GLCs (PERNAS and DRB-HICOM) as Senior Manager, during which she was involved in various government tenders, privatization projects, restructuring, investment analysis and strategic planning. She was assigned to West Africa as Country General Manager from 2006 till 2008 to undertake business development and project management within region. In 2009 till 2011, she was again assigned to oversea project in Bali to undertake an investment analysis for a resort take over.
She began her career in Jakel Group of Companies in May 2012 and is currently Head of Strategic Planning and Business Development. She is responsible for Jakel Development Sdn Bhd’s overall business strategy, corporate performance, investment planning and growth, investor relations as well as business and competitor analysis.
General Manager Project Management
Mohd Iswandi Abdul Aziz is a degree graduate in Mechanical Engineering from Universiti Teknologi MARA (UiTM). Prior to joining Jakel Development Sdn Bhd, he was a manager of Properties and Facilities at Amanah Raya Sdn Bhd (wholly-owned subsidiary of Amanah Raya Berhad) from 2011 to 2013 and held the responsibility in managing all properties owned by the company throughout Malaysia. With over 10 years of experience in the industrial developments and engineering, he is now the General Manager of Project Implementation and is registered with the Board of Engineer, Malaysia (BEM).
Chief Executive Officer
Tuan Haji Mohd Yusoff Bin Abdullah graduated with a Bachelor in Town & Regional Planning and is a proud holder of Master in Business Administration (MBA). He served MIDF Property Berhad (a wholly-owned subsidiary of PNB) for 30 years at various posts, and as of April 2010 until 2013, he held the respectable title of its Principal Officer before undertaking the post of CEO at PNB Development Sdn Bhd.
Currently, Tuan Haji Yusoff is a Director for Commercial Centre (Properties Development), a subsidiary of International Islamic University Malaysia and a Senior Advisor for EC Harris (Malaysia) Sdn Bhd, a Built Asset Consultancy operating in 80 countries.
He is also a member to the Board of Town Planner of Malaysia and Malaysian Institute of Planners (MIP). Responsible for Jakel Development’s Sdn Bhd’s strategic business planning and development which includes carrying market/feasibility study, project planning and budgeting for project management and construction for housing, industrial, commercial, institutions and resorts, Tuan Haji Yusoff is, at present, Jakel Development Sdn Bhd’s Chief Executive Officer.
Chief Financial Officer
A graduate of ITM with a Diploma in Business Studies in 1979, Mr. Lokman Bin Shamsuddin further pursued a B.Sc. in Finance at Indiana State University and subsequently obtained his Master in Business Administration (MBA) majoring in Marketing from the University of New Haven, Connecticut, USA.
He was the Vice President of Special Asset Management at Affin Bank and later, the Head of Remedial Management at Affin Islamic bank from the year 2008 till 2014. He possesses 26 years of Banking and Finance experience and ha contributed substantially towards the development of finance and banking industry in the country.
Mr. Lokman bin Shamsuddin was appointed as Jakel Development Sdn Bhd’s Chief Financial Officer in July 2014.
Jakel Business Centre, Kuala Lumpur
J.Biz, Seksyen 7, Shah Alam
Seksyen 14, Shah Alam
Bandar Baru Perda, Seberang Perai, Penang
J.Dupion, Jalan Loke Yew, Kuala Lumpur
Seksyen 4, Wangsa Maju, Kuala Lumpur
Setapak, Kuala Lumpur
Jalan Wangsa Delima, Wangsa Maju, Kuala Lumpur
Lorong Bunus 6, Jalan Munshi Abdullah, Kuala Lumpur
Jalan Wangsa Delima, Wangsa Maju, Kuala Lumpur
Mukim Setapak, Kuala Lumpur
Velodrome, Jalan Cheras, Kuala Lumpur
Batu 2 ½, Jalan Cheras, Kuala Lumpur
Taman Seputeh, Kuala Lumpur
Sungai Penchala, Kuala Lumpur
Seksyen 7, Persiaran Bestari, Shah Alam, Selangor
Sungai Buloh, Selangor
Jalan Medan Bangi, Bandar Baru Bangi, Daerah Ulu Langat, Selangor
Jalan Panglima Awang, Kawasan Bandar Melaka
Mukim Ayer Panas Jasin, Bandar Hijau, Melaka
Jakel Development aims to create a working environment that attracts and retains the most talented people. Our culture reflects our dynamic and challenging environment and offers outstanding opportunities for employees to achieve their desired potential.
If you believe you have the passion, skill and talent to join our team, please forward your CV to email@example.com
No vacancy at the moment
Jakel Development Sdn Bhd (1089126-M)
Level 9 Jakel Mall,
Lot 159 Jakel Square,
Jalan Munshi Abdullah,
50100 Kuala Lumpur, Malaysia
T +603 2615 0888
F +603 2615 0889
Freehold property belongs to the owner in perpetuity. Transfer of interest in the property can proceed without any restrictions or approvals from the government.
Land leased by the government for a specific term, most commonly in the duration up to 99 years. Transfer of interest to another party may require some state authority approval.
Issued for properties built on individual plots of land that is sub-divided horizontally.
A form of ownership commonly found within residential and commercial multi-storey buildings, as well as landed properties within a gated community. Strata title properties comprise individual lots owned by individual owners and include common property.
You may register your interest with us via the following channels:
Online registration at www.jakeldevelopment.com
Visit our sales gallery or call us at +603 9287 0000 / +603 2615 0888.
Choose your desired property
Upon registration, you will be invited to our sales launch via SMS, email or invitation letter for preview and selection of unit.
Deposit is required to book a unit before signing the SPA.
Execution of Sale and Purchase Agreement
You are required to execute the Sale & Purchase Agreement (SPA) payment within 14 days from the date of confirmation of sale at our sales office or at our appointed solicitor's office upon settlement of the initial downpayment.
Application for Loan and Employee Provident Fund (EPF) Withdrawal
Should you opt for loan financing, you are advised to apply for a housing loan instantly upon confirmation of booking. EPF members who would like to make withdrawal from EPF account will need to obtain the EPF Withdrawal Form from the EPF office or download the form from the website at kwsp.gov.my. EPF withdrawal is only applicable to residential properties.
Loan Application Procedure
You may opt for loan application with our appointed panel bankers or choose any bank/finance institution of your choice.
You are required to provide the following documents for the loan application.
Documents required for loan processing
Criteria for Loan Application & Approval
In order to qualify for loan financing, you are to fulfil the following criteria:
Sequence of Loan Processing
EPF Withdrawal Procedure
EPF withdrawal is limited to only residential properties purchase and only for one residential property per member.
You must be a member of EPF
You are entitled to withdraw not more than 30% of your overall EPF account or 100% of balance available in your EPF account II.
You are to submit the following documents to EPF for withdrawal application:
• EPF withdrawal form
• Original copy of Sale and Purchase Agreement
• Photocopy of identity card
• A copy of the letter of loan approval from end-financier
Mode of Payment
The payment will be released directly to the member within a period of three to four weeks from date of submission. For more information, please refer to EPF website at www.kwsp.gov.my.
Following are the cost that may be involved to own a property in Malaysia
• Legal fees on Sale & Purchase Agreement
• Stamp duty on Sale & Purchase Agreement
• Legal fees on loan documentation
• Stamp duty on loan documentation
• Memorandum of Transfer (MOT) fees for transfer of title
• Quit rent (annually)
• Assessment (half yearly)
Stamp Duty Calculation
For every RM100.00 or fractional part of RM100.00 of the amount of the purchase price or the adjudicated market value of the property by the tax department, whichever is the greater -
• RM1.00 on the first RM100,000.00;
• RM2.00 on any amount in excess of RM100,000.00 but not exceeding RM500,000.00;
• RM3.00 on any amount in excess of RM500, 000.00.
The disposal of properties in Malaysia is subjected to following rate of RPGT:
The holding period of 3, 4, 5 and 6 years refer to the period between the date of the acquisition of the property and the date of disposal of such property.
(a) RPGT exemption on gains from the disposal of one residential property once in a lifetime to individuals;
(b) RPGT exemption of up to RM10,000 or 10% of the profits, (whichever is higher) from the disposal of real property by individuals;
(c) RPGT exemption on gains arising from the disposal of real property between family members (e.g. husband and wife, parents and children, and grandparents and grandchildren).
Reasons to invest in Malaysia
There is no limitation to non-Malaysians in buying property in Malaysia. Please refer to How to Make a Purchase.
There is no limitation to non-Malaysians in obtaining loan financing in Malaysia. The margin of loan financing may differ on case to case basis. Please refer to Loan Application Procedure.
Welcome to our website. If you continue to browse and use this website you are agreeing to comply with and to be bound by the terms and conditions of use set out below.
The term “Eco World” or “Eco World Development” or “us” or “we” refers to Eco World Development Sdn Bhd (Company No. 973298-T), the owner of the website, whose registered office is 60-1,Setia Avenue, No.2, Jln Setia Prima S U13/S,Setia Alam Seksyen U13, - 40170 Shah Alam, Selangor Darul Ehsan, Malaysia.
This website belongs to Eco World Development. The copyright to the contents of this website is owned by or licensed to Eco World Development. This website is intended for personal use, quick reference, illustration and information purposes only and may not be copied, redistributed or published in any manner without the written permission of Eco World Development. Any unauthorised use of any part of this website is strictly prohibited.
The trademarks, logos, characters and service marks (collectively "Trademarks") displayed on this website belong to Eco World Development. Nothing contained on this website should be construed as granting any license or right to use any Trademark displayed on this website. Any use/misuse of the Trademarks displayed on this website, or any other content on this website, except as provided in these Terms and Conditions, is strictly prohibited. Eco World Development reserves the rights to bring any action arising from the improper or unauthorised use of this website, including any action for infringement of its trademarks and other intellectual property rights.
Eco World Development do not provide any warranty or guarantee as to the accuracy, timeliness, performance, completeness or suitability of the information and materials found or offered on this website for any particular purpose. You acknowledge that such information and materials may contain inaccuracies or errors and Eco World Development expressly exclude liability for any such inaccuracies or errors to the fullest extent permitted by law. Any use of any information or materials on this website is entirely at your own risk, for which Eco World Development shall not be liable. It shall be your own responsibility to ensure that any materials or information available through this website meet your specific requirements.
Neither Eco World Development nor any other party involved in creating, producing or delivering this website is liable for any direct, incidental, consequential, indirect or punitive damages arising out of your access to, or use of, this website. Without limiting the foregoing, everything on this website is provided to you "AS IS" WITHOUT WARRANTY OF ANY KIND, EITHER EXPRESSED OR IMPLIED. Eco World Development SHALL NOT BE LIABLE FOR ANY DAMAGES, LOSS OF PROFITS, INJURIES, SAVINGS OR GOODWILL RESULTING FROM YOUR USE OR INABILITY TO USE INFORMATION PROVIDED FROM THIS WEBSITE.
You shall indemnify and keep Eco World Development indemnified against all claims, damages, actions and proceedings made or brought against the Eco World Development arising from your use of this website and/or any breach of terms in relation thereto by you
The linkage to other websites provided herein are merely for your convenience and do not signify that Eco World Development endorses such websites. Eco World Development bears no responsibility for the contents of such other websites and shall not be held liable for any damages or injury howsoever arising therefrom. You shall view any of the linked websites at your own risk.
Eco World Development reserves the rights to change, vary or modify any of the information and terms contained herein without notice.
The terms and conditions herein shall be governed by and construed in accordance with the laws of Malaysia and you shall submit to the jurisdiction of the courts of Malaysia.
Although every effort has been made to provide complete and accurate information, Jakel Development Sdn. Bhd. and/or its group of Companies (hereinafter collectively referred to as "Jakel Development") makes no warranties, express or implied, or representations as to the accuracy of content on this website. Jakel Development assumes no liability or responsibility for any errors or omissions in the information contained in the website or the operation of the website.
By using the Jakel Development website, you assume all risks associated with the use of this site including any risk of your computer, software or data being damaged by a virus, software, or any other files which might be transmitted or activated via the Jakel Development website. Jakel Development expressly disclaims any liability for any special, incidental, or consequential damages, including without limitation, lost revenues, or lost profits, resulting from the use or misuse of the information contained in the website.
This website contains links to other Internet sites and information provided by persons not affiliated with Jakel Development. Such links are not endorsements or referrals of any products, services or information contained in such websites, and no information in any such web site has been endorsed or approved hereby. No claims, promises, or guarantees about the completeness, accuracy, currency, content or quality of information contained in the links to and from this website are made. Information provided and opinions expressed by others do not necessarily represent the opinion Jakel Development. Jakel Development expressly disclaims any and all liability resulting from reliance on such information or opinions.
The term "us" or "we" refers to Jakel Development Sdn Bhd as the owner of this website. The term "you" or "your" refers to the user or viewer of this website.
Collection and Use of Personal Data
Your Personal Data is information that relates directly or indirectly to you, who is identified or identifiable from that information or from that and other information.
During the course of your transaction and dealings with us, you may be requested to furnish your Personal Data from time to time.
Personal Data That We May Collect
When you transact with us, we may collect a variety of your Personal Data which, which may include but not limited to the following depending on the nature of dealings and transaction:
a. name, job title and company name;
b. national registration identity card number, passport number;
d. race, ethnic origin, nationality;
e. postal address
f. telephone number
g. email address
h. occupation, income range, employer;
i. contact preference; and
j. type of loans applied for in relation to the purchase of the property
How We Use Your Personal Data
Your Personal Data that we collect allows us:
a. to process the necessary transaction in relation to the relevant matter;
b. to keep you posted on our latest product announcements and upcoming events;
c. to send important notices, emails, letters or text messages, like communications about purchases and changes to our terms, conditions, and policies;
d. to use for internal purposes such as auditing, data analysis, and research to improve our products, services and customer communications;
Protection of Your Personal Data
We take the necessary precautions, both administrative and technical to safeguard your Personal Data against loss, theft, misuse and unauthorised access, disclosure, usage, alternation or destruction.
Retention of Your Personal Data
All your Personal Data collected by us will be retained with us and we shall not keep your Personal Data longer than necessary for the fulfilment of the lawful purposes to which it was obtained for.
Access To and Correction of Your Personal Data
We shall endeavour to make it easy for you to keep your information accurate, complete and up-to-date. You can help us ensure that your contact information and preferences are accurate, complete and up-to-date by contacting us at 03-2691 2109.
For other personal information, we make good faith efforts to provide you with access so that you can request we correct the data if it is inaccurate or delete the data if we are not required to retain it by law or for legitimate business purposes.
We may decline to process requests that are unreasonably repetitive, require disproportionate technical effort, jeopardize the privacy of others, are extremely impractical, or for which access is not otherwise required by the local law.
Feedback and Contact
Jakel Development Sdn Bhd
No. 214, Level 5, Jalan Bunus,
Off Jalan Masjid India, 50100
Kuala Lumpur, Malaysia
By submitting this Form, you hereby agree that Eco World Development Sdn Bhd (“the Company”) and/or Eco World Development may collect, obtain, store and process your personal data that you provide in this form for the purpose of considering your feedback as described in this Form and/or for receiving updates, news, promotional and marketing mails or materials from the Company and/or the Eco World Development.
You hereby give your consent to the Company and/or the Eco World Development to:-
a. store and process your Personal Data;
b. disclose your Personal Data to the relevant governmental authorities or third parties where required by law or for legal purposes.
In addition, your personal data may be transferred to any company within the Eco World Development which may involve sending your data to a location outside Malaysia. For the purpose of updating or correcting such data, you may at any time apply to the Eco World Development to have access to your personal data which are stored by the Company and/or Eco World Development.
For the avoidance of doubt, Personal Date includes all data defined within the Personal Data Protection Act 2010 including all data you had disclosed to the Company in this Form.