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Economy

Lagenda Properties posts record first-half profit on strong Johor sales

Lagenda Properties Bhd reported the strongest first-half profit in its history, with net profit rising 12.2% to RM100.8 million from RM89.9 million a year earlier.

Source: Lagenda Properties Berhad · August 19, 2026 at 6:30 AM · AI-assisted report

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Lagenda Properties posts record first-half profit on strong Johor sales
Photo: Mohd Fazlin Mohd Effendy Ooi from Kuala Lumpur, Malaysia / CC BY 2.0

JOHOR, 19 AUGUST 2026 —

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Lagenda Properties Posts Record RM100.8 Million First-Half Profit on Strong Johor Sales

Market Impact

KUALA LUMPUR – Lagenda Properties Bhd reported its strongest first-half performance to date, with net profit rising 12.2% to RM100.8 million for the six months ended June 30, 2026, compared with RM89.9 million in the same period last year. The Malaysian affordable housing developer attributed its growth to sales in Johor, positioning itself for further expansion with a record RM1.75 billion in unbilled sales and a landbank covering nearly 4,000 acres.

The company’s strong financial performance comes amid heightened demand for affordable housing in key Malaysian markets, particularly in Johor. Lagenda Properties has been expanding its landbank to capitalize on growing urbanization and housing needs in the region. Details on specific projects driving the profit growth were not disclosed.

Lagenda Properties’ record unbilled sales of RM1.75 billion underscore strong market confidence in its affordable housing projects. The company’s landbank, spanning nearly 4,000 acres, provides a substantial pipeline for future developments. Analysts suggest that Johor’s strategic location and economic growth continue to attract both local and foreign buyers, benefiting developers like Lagenda.

Looking ahead, Lagenda Properties is expected to maintain its growth momentum, supported by its strong sales pipeline and expanding landbank. The company’s focus on affordable housing aligns with Malaysia’s ongoing efforts to address housing affordability challenges. Further updates on its expansion plans and new project launches are anticipated in the coming quarters.

Related: Johor

Reporting based on Lagenda Properties Berhad. Figures and claims are subject to revision as the story develops. DomainFork publishes editorial context, not investment advice — see our editorial standards.