A successful project was determined by whether or not the project achieves its goal, objectives or meet the stakeholder�s expectation. Every property development has its own risk that will affect the project objectives or goals if it gets worse. Project risk management is one of the crucial elements which needs to be developed in order to minimize the impact on the project. Project risk management is not about total elimination of the risk, but it�s the process of identifying, accessing and controlling the risk. This paper will be focusing on the review of an effectiveness in the implementation of risk management in the projects to find out if the risks faced by the property developers are being managed effectively and thus, being minimized. © The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2021.