Lagenda Properties kicks off FY25 on strong footing

PETALING JAYA: Lagenda Properties Bhd will remain focused on executing its pipeline of launches and continuing its disciplined landbanking strategy, targeting affordable land in strategic locations.

In a filing with Bursa Malaysia, the property developer said it had kicked off the current financial year on a strong footing, recording confirmed sales of RM251.9mil in the first quarter of financial year ended March 31, 2025 (1Q25), driven by robust contributions from Lagenda Aman in Tapah, Perak, La’Indera in Kuantan, Pahang and Puncak Warisan in Kota Tinggi, Johor.

For 1Q25, Lagenda’s net profit rose to RM44.59mil from RM42.72mil in the previous period, while revenue grew to RM264.40mil from RM225.62mil a year earlier.

Lagenda said the earnings reflected the strong market appeal of its well-planned and affordable township developments.

“As of March 2025, unbilled sales stood at a healthy RM898.9mil, with outstanding bookings of RM268.8mil, offering strong revenue visibility for the coming quarters.”

The company said it remains optimistic about the latest developments planned for the current financial year and is confident that its upcoming launches solidify the group’s position for a bright future.