News & Highlights

PETALING JAYA (July 29): Lagenda Properties Bhd has secured RM475 million through the inaugural issuance under its RM1.5 billion sukuk wakalah programme, marking the affordable township developer’s first entry into Malaysia’s Islamic debt capital market.

The maiden issuance was subscribed by AmBank Group, which committed RM400 million, and Alliance Islamic Bank Bhd, which subscribed the remaining RM75 million, said the developer in a press statement on Tuesday (July 28).

24 Jul 2026 — （吉隆坡24日讯）传奇产业（LAGENDA,7179,主板产业组）宣布推出价值15亿令吉的伊斯兰中期票据，所得资金主要用于营运。 传奇产业今天宣布，旗下独资子 …

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.

PETALING JAYA: Berjaya Research Sdn Bhd has resumed coverage of Lagenda Properties Bhd and expects sales momentum to strengthen in second-half 2026, supported by a robust launch pipeline across multiple states, continued resilience in affordable housing demand, and the group’s proven track record of high take-up rates.

PETALING JAYA: Analysts believe Lagenda Properties Bhd’s future earnings will remain supported by its sizeable project pipeline and unbilled sales visibility, despite the property developer’s results for the first quarter ended March 31, 2026 (1Q26) falling short of consensus’ expectations.

PETALING JAYA: Lagenda Properties Bhd remains cautious of geopolitical uncertainties, inflationary pressures and broader external market conditions.

In a statement, the property developer, however, said it expects the overall impact on operations to remain manageable, supported by resilient domestic demand from its affordable housing-focused business model.

KUALA LUMPUR: Lagenda Properties Bhd plans to maintain its current housing price positioning despite rising global costs and inflationary pressures, reaffirming its commitment to affordable home ownership.

The property developer said its affordable housing-focused business model is expected to continue supporting performance in the coming quarters, supported by resilient demand for value-driven homes.

Lagenda Properties Bhd reported a marginal decline in profit after tax (PAT) to RM44.2 million for the first quarter ended March 31, 2026, as softer construction progress and festive-season slowdowns weighed on revenue recognition.