PETALING JAYA: Lagenda Properties Bhd
is confident of surpassing its record-breaking financial year 2025 (FY25) sales of RM1.7bil this year, underpinned by new launches and a stable property market.
Group managing director Datuk Jimmy Doh said the group “is working hard” to achieve a higher target in FY26.
“We aim to do better than last year and are targeting approximately a 10% increase from our FY25 sales figure.
“We are confident of surpassing the RM1.7bil achieved last year,” he told StarBiz.
Last month, in announcing its FY25 financial results, the affordable housing and integrated township developer said it has scheduled launches for new township developments in Sungai Petani, Kedah and Senawang, Negri Sembilan for FY26.
Doh said these two states will be the main focus this year for Lagenda.
“Yes, alongside the launch in Kulai, Johor, the new township developments in Sungai Petani, Kedah and Senawang, Negri Sembilan will be our main township launches for FY26.
“At the same time, we are continuously looking to expand within our existing states, particularly Johor and Kedah, where we have already established a strong presence.”
Doh added that Lagenda will also be exploring opportunities in Negri Sembilan and Selangor, provided the land pricing allows the group to maintain its affordable housing price points.
“Beyond that, we are always evaluating opportunities to expand into new states as well, but our priority remains locations where we can replicate our township model and continue delivering affordable homes at the right price point.”
For FY25 (ended Dec 31, 2025), Lagenda’s full-year revenue exceeded RM1bil for the first time to reach RM1.06bil, alongside a net profit of RM179.5mil.
Revenue for the fourth quarter ended Dec 31, 2025 rose 27.2% year-on-year to RM297.4mil, compared with RM233.9mil in the corresponding quarter last year.
The growth was primarily driven by stronger sales and higher revenue recognition across projects in Perak, Johor and Selangor.
Meanwhile, profit before tax increased 7.1% to RM64.2mil, reflecting steady operational execution. Net profit declined marginally by 1.1% year-on-year to RM45mil.
Overall, Doh said the property market in 2025 remained resilient, particularly within the affordable housing segment.
He said demand within this segment continues to be supported by strong underlying fundamentals.
“On the positive side, government initiatives and assistance announced through the national budget, especially those aimed at supporting B40 homebuyers, as well as relatively supportive financing from banks, helped sustain demand for affordable homes.
“For Lagenda specifically, these factors translated into continued strong demand for our products, as our developments are targeted at the affordable housing segment where the need remains significant.”
However, Doh said developers also faced challenges in 2025, particularly from rising construction costs for materials such as cement, as well as logistical and transportation constraints that added pressure to development costs.
“Despite these challenges, demand for affordable housing remained strong and continued to support our performance,” he said.
Lagenda announced last month that it entered FY26 with record unbilled sales of RM1.6bil, providing solid earnings visibility for the year ahead.
The group’s growth pipeline remains underpinned by a substantial 4,300-acre landbank with an estimated gross development value of RM11bi.
Doh said he expects the Malaysian property market in 2026 to experience stable growth, especially in the affordable and mid-range segment.
“This will be supported by stable interest rates, civil servant salary hikes, and the RM20bil Housing Credit Guarantee Scheme, which help maintain affordability for homebuyers.”
At the same time, Doh said Lagenda remains mindful of rising construction costs, labour constraints and selective buyer behavior.
“To address these, Lagenda continues to focus on prudent cost management, disciplined landbank expansion and timely project execution, ensuring we deliver homes that are both of quality and accessible.”
