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Lagenda Properties reported a marginal decline in its financial performance for the first quarter of 2026, with revenue and net profit remaining largely stable compared to the previous year. The company posted revenue of 262.1 million RGT against 264.4 million RGT in the corresponding period last year, while profit attributable to equity holders stood at 44.2 million RGT. Despite softer earnings, the developer said it plans to maintain its current housing prices for the time being. The company has continued focusing on affordable housing developments, a segment that has supported steady demand in Malaysia’s residential market.
Lagenda Properties reported a slight decline in revenue and profit for the first quarter of 2026, reflecting relatively stable operating performance amid ongoing market uncertainties in the housing sector. Advertisement
The company posted revenue of 262.1 million RGT during the quarter, compared to 264.4 million RGT recorded in the same period last year. Profit attributable to equity holders also eased marginally to 44.2 million RGT from 44.6 million RGT a year earlier.
Alongside its quarterly earnings update, the developer said it intends to keep its current housing prices unchanged for now. The decision comes at a time when developers across several regional markets are closely monitoring construction costs, financing conditions and buyer sentiment.
Lagenda Properties has been known for its focus on affordable township developments, particularly in Malaysia’s suburban and semi-urban locations. The company has continued to position itself in the mid-income housing segment, which has shown relatively resilient demand despite broader economic pressures and cautious property market conditions.
The latest earnings indicate that while the company witnessed a minor moderation in topline and profitability, its financial performance remained largely steady on a year-on-year basis. The move to maintain housing prices could also help sustain buyer interest in an environment where affordability remains a key concern for homebuyers.
In recent quarters, several developers in Malaysia have adopted cautious pricing strategies due to higher material costs and shifting consumer spending patterns. Lagenda’s decision to hold prices at current levels suggests the company is prioritising market stability and sales momentum over aggressive price revisions.
Source Reuters
5th Jun, 2025
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