PETALING JAYA: After delivering its strongest first-half performance to date, Lagenda Properties Bhd
is looking to the next chapter of growth, with RM1.75bil in record unbilled sales and nearly 4,000 acres of landbank providing strong earnings visibility.
While cautiously optimistic on Malaysia’s property outlook, the group noted its robust development pipeline will support future revenue recognition and expansion across key markets.
Notably, Lagenda said demand for its affordable township developments remained encouraging in the second quarter of financial year 2026 (2Q26), with healthy take-up across its key townships.
Johor was the largest contributor, accounting for approximately 50% of its total first half of FY26 (1H26) sales, led by strong take-up across Kulai and Kota Tinggi. Meanwhile, property sales stood at RM503.8mil in 2Q26, bringing 1H26 sales to approximately RM876.3mil.
“Healthy take-up across newly launched phases continued to reflect sustained demand for affordable homes, supporting the group’s earnings visibility as construction progresses,” the group said in a statement.
It added that manageable inflation at 1.8% in July and the overnight policy rate maintained at 2.75% created a stable financing environment, supporting housing affordability and property demand amid ongoing infrastructure development.
Lagenda also noted upcoming launches across its existing townships in Johor, Kedah, Negri Sembilan, Pahang, and Perak are expected to solidify its sales momentum in the coming quarters.
“Lagenda continues to pursue a disciplined land banking strategy by acquiring strategically located and affordably priced land within high-growth corridors to support its long-term expansion plans,” it said in a filing to Bursa Malaysia.
For the six months ended June 30, 2026, Lagenda’s net profit rose 12.2% to RM100.8mil from RM89.9mil previously, driven by stronger property development performance and higher revenue recognition from ongoing projects and property sales.
The trading segment delivered improved operating performance, contributing to the Lagenda’s overall profitability during the current financial period.
The group’s revenue rose 18.9% to RM598.4mil compared to the preceding corresponding period, driven by stronger contributions from property development and trading, supported by project progress and higher demand for building materials.
