PETALING JAYA: Lagenda Properties Bhd
will continue to leverage its strong presence in locations where it has a strong footprint, while remaining open to strategic opportunities in new territories that offer attractive potential.
The property developer said it continues to see attractive growth opportunities within its existing footprint across Selangor, Negri Sembilan, Johor and Kedah, which are supported by favourable demographic trends, economic activity and infrastructure development.
“At the same time, we remain open to evaluating opportunities in selected new regions. However, our expansion strategy is not driven by geographical expansion alone,” the company said in a statement to StarBiz.
Lagenda emphasised that its priority is to allocate capital efficiently and generate sustainable long-term returns for shareholders.
“As such, we will only pursue land acquisitions or enter new markets where we see strong demand fundamentals, attractive development economics and the potential to deliver compelling risk-adjusted returns.
“Ultimately, our focus remains on deploying capital where it can create the greatest long-term value for the group and our shareholders.”
The group delivered a strong start to its current financial year ending Dec 31, 2026 (FY26), with confirmed sales rising 48% year-on-year to RM372.5mil.
“This reflects continued demand for our affordable landed homes across key township developments. Based on our current sales momentum and planned launches for the year, we remain on track to achieve our FY26 sales target of RM1.9bil.
“We also remain positive on our prospects over FY26 and FY27, supported by an expanding development footprint, healthy demand fundamentals and the continued execution of our township developments.”
Lagenda said it expects earnings momentum to strengthen progressively over the remaining quarters of FY26, as construction activities advance and contribute to higher revenue recognition.
“The stable performance in the current quarter was largely anticipated, reflecting the timing of revenue recognition from newer township developments that are currently in the earlier phases of construction, as well as the impact of the festive season on site activities.”
As at the first quarter of FY26 (1Q26), the group’s unbilled sales stood at a record high of RM1.67bil, compared to RM1.54bil in 4Q25 and RM898.9mil in 1Q25.
“This provides strong earnings visibility over the next 24 to 36 months as projects progress through the construction cycle.”
Lagenda said the healthy unbilled sales is supported by strong take-up rates across key developments, including La Lumiere, Lagenda Ardea, La Indera and Seri Embun.
“As construction milestones are achieved, these sales are expected to translate into future revenue and earnings recognition.
“In terms of tailwinds, we continue to benefit from strong demand for affordable housing, our growing unbilled sales base, a robust development pipeline and ongoing project execution.”
Nevertheless, Lagenda said it remains mindful of potential headwinds, including economic uncertainty, softer consumer sentiment and construction cost pressures.
“Given the group’s strong sales performance and earnings visibility, we remain confident in delivering sustainable earnings growth through FY26 and FY27.”
Going forward, the group remains positive on the outlook for the affordable housing segment, which it said continues to be supported by structural and necessity-driven demand.
“Homeownership remains a key aspiration for many Malaysians, while affordability challenges across major urban centres continue to drive demand for well-priced and practical housing solutions.
“We believe affordable landed homes remain one of the more resilient segments of the property market, particularly in periods of economic uncertainty.”
Unlike higher-end residential products, Lagenda said demand for affordable housing is largely driven by genuine housing needs rather than discretionary spending or investment activity.
“As a result, demand within this segment tends to be less sensitive to changes in market conditions.”
