Transparency and accountability strategies among property companies can be
catalysts for sustainable development in Malaysia. Stronger corporate governance will
deliver higher shareholder returns (Chi, 2009). Beeks and Brown (2006) highlighted
that firms with more effective corporate governance make better information
disclosures. In addition, institutional investors have started using publicly listed real
estate and cost-efficient, more liquid alternatives for their direct real estate holdings
(Brounen et al., 2007). In this regard, property companies with better corporate
governance and high levels of transparency will help Malaysia to achieve sustainable
development in the long term. With USD23 billion worth of property transactions
in 2010, a securitised property market contributes significantly to the Malaysian
economic growth.