PETALING JAYA: Lagenda Properties Bhd
logged its record-high quarterly sales in the third quarter ended Sept 30, with the nine-month sales surpassing the total value of properties sold in the entire 2024.
In a statement, Lagenda said its confirmed sales across five states continued to gain strong momentum in the July-September 2025 period, with quarterly confirmed sales of RM542.9mil.
The quarterly sales also jumped by 56% year-on-year (y-o-y) from the RM349mil recorded in the same period last year.
“Year-to-date confirmed sales rose 39% y-o-y to RM1.22bil, exceeding the group’s full-year 2024 confirmed sales and underscoring the sustained demand for Lagenda’s affordable housing model, particularly La’ Lumière (Kulai, Johor) and La’ Indera (Kuantan, Pahang).
“Unbilled sales also climbed 26% y-o-y to an all-time high of RM1.33bil, offering robust earnings visibility, while total bookings remained healthy at RM543.3mil.
“This sales trajectory aligns with the group’s strategy of maintaining a steady project launch pipeline throughout 2025,” according to Lagenda.
The group also announced that its revenue for the third quarter of financial year 2025 (3Q25) was recorded at RM254.9mil, some 10% y-o-y lower than RM283.42mil a year ago.
The reduced revenue was due to lower contribution from the trading segment and external construction projects.
Revenue from the core property development segment grew by 4%, driven by accelerated construction progress at key projects including Lagenda Aman (Tapah, Perak), Lagenda Ardea 1A (Ulu Bernam, Selangor), and Puncak Warisan (Kota Tinggi, Johor).
The segment maintained a robust gross profit margin of 38%, despite many projects being in the early stages of development. As for the profit after tax (PAT), it was recorded at RM44.7mil for 3Q25.
For the nine-month financial period ended Sept 30, 2025 (9M25), revenue was recorded at RM758.2mil, slightly higher than the RM754.9mil recorded in the same period last year.
In addition, 9M25 PAT was recorded at RM134.5mil, a marginal 3% y-o-y decrease.
Managing director Datuk Jimmy Doh said: “With Malaysia’s solid 5.2% economic expansion in the third quarter of 2025, together with the encouraging Budget 2026 announcement such as the extension of full stamp duty exemption for first homes priced up to RM500,000 until end of 2027, we believe market conditions remain favourable for continued growth in Malaysia’s affordable housing sector.
“This is evidenced by our RM1.22bil in year-to-date confirmed sales, reinforcing that we are on track to meet our 2025 sales target of RM1.5bil.”
Doh also highlighted that Lagenda is expanding its landbank in key growth corridors and enhancing operational efficiency to drive sustained earnings visibility.
“This, combined with our all-time high unbilled sales of RM1.33bil, provides robust earnings visibility and a solid foundation for sustained growth,” he added.
