KUALA LUMPUR: Avaland Bhd
said the outlook for the property sector remains encouraging, supported by Bank Negara Malaysia’s decision to maintain the Overnight Policy Rate at 2.75%, according to CEO Apollo Bello Tanco (Pol).
He added that the stable rate environment continues to support home affordability and developer liquidity.
“Complementing this, the proposed Budget 2026 introduces measures that further stimulate the industry, including the extension of stamp-duty exemptions for homes priced up to RM500,000, tax incentives for the conversion of commercial properties into residences, and enhancements to housing assistance schemes such as SJKP and rent-to-own programmes,” he said in a statement.
Pol said the group plans to leverage these favourable conditions through the launch of four developments in 2026, with a combined gross development value (GDV) of RM1.4bil. These projects are expected to contribute meaningfully to the group’s earnings and reinforce its growth trajectory in the years ahead.
In the third quarter ended Sept 30, Avaland posted a lower net profit of RM8.05mil, or earnings per share of 0.55 sen, bringing its nine-month (9M25) profit to RM38.5mil, or 2.64 sen per share.
Revenue for the quarter fell 41.5% to RM135.5mil, while nine-month revenue declined 33.9% to RM439mil.
Pol said the group achieved commendable new sales of RM618.5mil in 9M25, reflecting the market’s continued confidence in its product offerings.
“Our launches this year have recorded encouraging take-up, particularly at our Cybersouth township, where Phase 1 of Avalon and Meria have both received encouraging take-up rates to date. This strong demand underscores the sustained appetite for well-located and affordably priced properties,” Pol said.
“Building on this momentum, we have introduced Phase 2 of Avalon, with Phase 2 of Meria scheduled for launch in the coming weeks. Together with Tower B of Alora Residences at Avenue25, these bring our total launches for 2025 to a GDV of RM913mil, which are expected to contribute meaningfully to the group’s performance moving forward,” he added.
The group’s unbilled sales as at Sept 30 stood at RM811mil, providing the group with strong earnings visibility for the coming years ahead.
Following the acquisition of two development land parcels announced in July 2025, with a combined GDV of RM1.4bil, Avaland’s landbank now stands at 184 acres across the Klang Valley. This translates into an estimated GDV of RM11.5bil, providing strong visibility for future developments.
