If I get rejected from University of Malaya, is it worth waiting a year to reapply?

Below is the application process for University of Malaya:
 Step 1: You can apply through apply.um.edu.my. application portal.

Step 2: Check your requirements thoroughly, and see if your current qualifications are recognised. 

Step 3: You should meet the entry requirements checklist before applying: 

• Transcripts of your degree.

• 6 and above in IELTS.

• SOP ( Things you need to know about  SOP)

• LOR ( letter of recommendation)

• CreativePortfolio ( Audition depending on your chosen course )

• Resume/ CV

• Entrance exam ( you just take GRE or GMAT, LSAT, MCAT) if you're planning to apply for the required programs. 

Step 4: Make sure your English requirements meet the standard of the University.

Step 5: You can submit your application after your requirements are ready.

Step 6: The application fee might vary depending on the programs and courses the applicant chooses. However, if the applicant can’t afford the application fee, they can Check out how you can waive application fees. 

Step 7:  After submitting the application, applicants can check their status by logging in with their credentials through the University of Malaya portal.