Press Release

Lagenda Properties Achieves 42% Jump in Confirmed Sales to RM507 Million For 1H 2023 KUALA LUMPUR, 21 AUGUST 2023 – Affordable housing and integrated township developer Lagenda Properties Berhad (“Lagenda Properties”, “Lagenda” or “the Group”, Stock Code:7179) has today released its second quarter financial results for the three months ended 30 June 2023 (“2Q2023”). In 2Q2023, Lagenda registered revenue of RM196.4 million, an increase of 8.5% as compared to RM181.0 million achieved in the first quarter of this year (“1Q2023”) primarily from better sales conversion. Profit after tax and minority interest (“PATAMI”) during the quarter was RM33.2 million as compared to RM39.3 million in 1Q2023. PATAMI was higher in the preceding quarter mainly due to a revaluation surplus amounting to RM4.8 million. Demand for Lagenda’s homes continued on a strong trajectory in 2Q2023 and we recorded confirmed sales of RM507.0 million in the first half of the year, surpassing last year’s achievement by 42%, driven by Darulaman Lagenda in Kedah. Revenue and earnings visibility is further underscored by unbilled sales amounting to RM811.2 million as of 30 June 2023, while bookings of RM347.6 million provide a solid pipeline for future sales. Lagenda continues to reward shareholders and declared a first interim single-tier dividend of 3.0 sen per ordinary share which will be paid on 25 September 2023. The total dividend payout amounts to RM25.1 million, representing a payout ratio of 35% for the six months ended 30 June 2023. Managing Director of Lagenda Properties, Dato’ Jimmy Doh <拿督卓致明> commented: “During the first half of the year, we were transitioning from traditional construction methods to Industrialised Building Systems (IBS) for our newer projects in Teluk Intan and Kedah. This led to a temporarily slower construction pace which was expected as we were getting used to the new IBS system. Owing to this, revenue recognition was lower in comparison to the previous financial year. However, we are now moving towards full implementation of IBS in these projects, and we expect to see an acceleration in construction speed. Our confirmed sales and project take-ups have surged strongly, reaching RM507 million for the 1H 2023 which was our strongest performance in any six months and a spike of 42% compared to the same period of last year. With construction activities gaining momentum, we will see faster conversion of sales into revenue and profits in the coming quarters. There is still a significant shortage of affordable housing across most states and demand will remain robust in the foreseeable future. Lagenda has a proven track record of delivering landed affordable housing with lifestyle facilities and our key projects have recorded take-up rates of above 90%. This re-affirms that we are attuned to the market’s preferences and needs. Affordable housing development goes beyond merely constructing homes. It involves creating sustainable communities that prioritise the environment and well-being of residents. Lagenda was included as a constituent of the FTSE4GOOD Index in June, and we will continue to integrate sustainability elements into our business strategies. We are confident in our positioning and ability to grow to deliver value over the long term. Our sizable vacant land bank of almost 4,700 acres across five states with an estimated remaining GDV of above RM12 billion provides us with a solid foundation for future growth. We also have a strong balance sheet with low net gearing of 0.05 times, giving us the financial flexibility to pursue strategic initiatives to widen our footprint. Lagenda is at the start of a promising journey with the potential to become one of the preferred affordable housing developers in Malaysia,” he added. View Press Release Share

Lagenda Properties to Launch More Than 7,000 Affordable Homes in FY2023 KUALA LUMPUR, 22 MAY 2023 – Affordable housing and integrated township developer Lagenda Properties Berhad (“Lagenda Properties” or “the Group”, Stock Code:7179) has today released its first quarter financial results for the three months ended 31 March 2023 (“1Q2023”). In 1Q2023, Lagenda Properties reported revenue and profit after tax and minority interest (“PATAMI”) of RM181.0 million and RM39.3 million, respectively, while confirmed sales surged to RM257.5 million, an impressive 78% year-on-year increase. Revenue and PATAMI were 6% and 16% lower compared to the previous year’s corresponding quarter (1Q 2022) due to the different timing and stages of construction activities directly impacting revenue recognition. Lagenda Properties anticipates an acceleration in the construction progress for various townships, including Darulaman Lagenda (Kedah) and Lagenda Tropika (Perak), in the later part of the year. This will lead to a corresponding increase in progress billing, allowing revenue and profit to catch up for FY2023. Lagenda remains bullish for FY2023 and the future, backed by the strong demand for the Group’s homes as evidenced by its impressive growth in confirmed sales. Notably, a significant portion of the growth in confirmed sales was driven by booking conversions in Darulaman Lagenda, which achieved an outstanding take-up rate of 94% as at the end of 1Q 2023. Building upon this success in Kedah, the Group has plans to launch Phase 3 in the second half of 2023. Revenue visibility is further underscored by unbilled sales amounting to RM781.8 million, while bookings of RM433.0 million as of 31 March 2023 provide a solid pipeline for future sales conversion. Managing Director of Lagenda Properties, Dato’ Jimmy Doh <拿督卓致明> commented: “We are satisfied with our performance in 1Q2023. It is important to note that revenue and profits in the property development industry are closely tied to the construction stages of projects. As we embark on more projects in the future, we anticipate that our revenue recognition will be more evenly spread across these developments throughout the year. In the forthcoming months, we anticipate a surge in momentum as we plan to launch over 7,000 homes across Perak, Kedah, and Johor this year. This is a significant increase in our launch volume, compared to the 4,800 homes launched in 2022 and demonstrates our commitment to meeting the growing demand for affordable housing while expanding our market footprint. With our proven track record and take-up rates so far, we are confident that the new launches will be well-received by the market. From a sales perspective, we have seen momentum increase steadily from January to March, and we anticipate this trend to continue as the year progresses with the roll-out of new launches. Lagenda Properties has a track record of successfully developing the largest affordable housing townships in various states, starting with Perak and now Kedah. Aside from our activities this year, we are also preparing to achieve another key milestone by developing a major affordable township next year in Kulai, Johor. This upcoming large-scale township will boast a GDV of RM4 billion and will comprise 12,000 units of affordable homes with commercial parcels. With various projects in the pipeline over the next few years, we remain confident in delivering future growth. It is crucial to recognise that affordable housing is not a transient trend but an enduring necessity that transcends economic cycles and market fluctuations. The opportunities for Lagenda Properties are abundant in all states, and our growth journey has only just begun,” he added. View Press Release Share

Lagenda Achieves Net Profit of RM177.8 Million for FY2022 Declares Second Interim Dividend of Rm3.5 Sen Per Share KUALA LUMPUR, 27 February 2023 – Affordable housing and integrated township developer Lagenda Properties Berhad (“Lagenda” or “the Group”, Stock Code:7179) has today released its fourth quarter financial results for the three months ended 31 December 2022 (“4Q2022”). For the full year ended 31 December 2022 (“FY2022”), the Group achieved revenue of RM868.1 million and profit after tax and minority interest (“PATAMI”) was RM177.8 million. In 4Q2022, revenue increased by 31% to RM236.1 million, compared to RM180.7 million achieved in 3Q2022. This was on the back of stronger revenue recognition from higher sales of units under construction. On a QoQ basis, PATAMI for 4Q2022 was 25.0% higher at RM44.7 million, as compared to RM35.7 million in 3Q2022. With CCC received for Lagenda Teluk Intan (Phase 1), net cash generated from operations for FY2022 increased to RM116.0 million as compared to RM56.8 million last year. Together with this set of results, Lagenda declared a second interim dividend of 3.5 sen per ordinary share. Total dividends declared in respect of FY2022 aggregates to RM54.4 million, representing a payout ratio of 31%, over and above its dividend policy of a 25% payout. Managing Director of Lagenda, Dato’ Jimmy Doh < 拿督卓致明 > said: “We delivered satisfactory performance with PATAMI of RM177.8 million in FY2022 despite lingering effects of the pandemic which affected labour supply and regulatory processes. The provision for prosperity taxes and upfront costs in preparation for multi-state project launches slightly impacted our margins. Nevertheless, we maintained a healthy net profit margin of 20.5% and registered a return on equity (“ROE”) of 17.5% for FY2022. During the year, we launched close to 4,800 homes with a total gross development value (“GDV”) of RM1.1 billion, including 1,400 units in Darulaman Lagenda, Sungai Petani. This new township received an overwhelming response with 98% of the units booked within two months, demonstrating that we are adopting the right strategies to replicate our success outside Perak. For FY2022, we clocked total confirmed sales of RM788 million, surpassing our performance in FY2021 despite temporary delays in our planned launches caused by external factors. Bookings and sales momentum continued to be healthy in 4Q2022 and we expect this to carry into 2023 as the demand for affordable housing still outstrips supply. As at 31 December 2022, the Group’s unbilled sales and bookings stood at RM680 million and RM439 million, respectively, providing visibility for 2023. With a scalable business model and a commitment to affordability, Lagenda is looking to expand into new states in 2023, making landed homes accessible to a broader spectrum of Malaysians. We recently announced the acquisition of 1,075 acres of land in Kulai, Johor, increasing our landbank by 30% to nearly 4,800 acres across four states in Peninsular Malaysia. As we grow, we will continue increasing efficiency based on previous development frameworks, market insights and knowledge gained to ensure business sustainability,” he added. View Press Release Share

Lagenda Reports Net Profit of RM35.7 Million For 3Q2022 Adopts 25% Dividend Payout Policy KUALA LUMPUR, 21 November 2022 – Affordable housing and integrated township developer Lagenda Properties Berhad (“Lagenda” or “the Group”, Stock Code:7179) has today released its third quarter financial results for the three months ended 30 September 2022 (“3Q2022”). For the first nine (9) months of the year, the Group’s revenue increased by 8% YoY to RM632.0 million and profit after tax and minority interest (“PATAMI”) was RM133.1 million. In 3Q2022, Lagenda registered a slight 2% decrease in revenue to RM180.7 million, compared to RM185.2 million achieved in 3Q2021. PATAMI for 3Q2022 was RM35.7 million as compared to RM45.5 million in the similar quarter of the preceding year. The decline in PATAMI was mainly due to upfront costs incurred in preparation for multi-states project launches in the coming quarters and the provision for prosperity taxes. Lagenda also announced the adoption of a dividend policy to payout at least 25% of its consolidated PATAMI as dividends, which will be effective in FY2022 and reviewed every two years. In October 2022, the Group launched its new township, Darulaman Lagenda, in Sungai Petani, Kedah which was met with overwhelming demand with all 282 units booked within several days. This signals that Lagenda is on-track to replicate its business model and success in other states to achieve its vision of being a nationwide affordable housing developer. The Group is slated to launch another 1,000 units in Darulaman Lagenda imminently. Managing Director of Lagenda, Dato’ Jimmy Doh <拿督卓致明> said: “Our bookings and sales momentum continued to be healthy in 3Q2022. As of 30 September 2022, the Group’s unbilled sales stood at RM653.6 million and the majority of this will translate into revenue in the coming quarters. We currently have a presence in two states and aim to venture into two additional new states in 2023. Despite certain headwinds faced by the property industry, such as rising interest rates and stringent loan approvals, we remain confident on the demand for affordable housing. There is a shortage of housing within the B40 group’s grasp across most states in Malaysia, leading to a large addressable market for Lagenda. Our niche focus on affordable landed housing allows us to remain somewhat insulated during challenging times. We see opportunities to increase our presence in more areas as the large majority of Malaysians continue to prioritise affordable living spaces with quality lifestyle facilities” he added. View Press Release Share

Lagenda Reports A 17% Y-O-Y Increase In 2Q2022 Net Profit to RM50.4 Million KUALA LUMPUR, 22 August 2022 – Affordable housing and integrated township developer Lagenda Properties Berhad (“Lagenda” or “the Group”, Stock Code:7179) has today released its second quarter financial results for the three months ended 30 June 2022 (“2Q2022”). Activities geared up for the Group in 2Q2022 with the launching of new phases in key projects across Sitiawan, Teluk Intan and Tapah. Revenue for 2Q2022 increased by 52% Y-o-Y to RM258.5 million as compared to the corresponding quarter of the preceding year. Profit after tax increased by 17% Y-o-Y to RM50.4 million. With greater momentum buoyed by the new launches, confirmed sales for 2Q2022 grew by 46% to RM211.8 million as compared to RM144.6 million in 2Q2021. As of 30 June 2022, the Group’s unbilled sales stood at RM634.1 million while outstanding bookings were RM310.2 million. Lagenda also declared an interim dividend of 3.0 sen per share, payable on 26 September 2022 representing a payout ratio of 26% for the six months ended 30 June 2022. The Group is committed to rewarding its shareholders by paying out 25% to 30% of its profits as dividends. The Group is ramping up activities in the second half of the year to achieve its target of launching more than 6,000 units of homes with GDV exceeding RM1 billion in 2022. The groundbreaking ceremony of its Sungai Petani township named Darulaman Lagenda, a joint venture with Bina Darulaman Bhd, took place yesterday and was officiated by Kedah Menteri Besar, YAB Dato’ Seri Sanusi Md Nor. This marked the Group’s first foray to expand beyond Perak towards its goal of being a nationwide affordable housing developer. With more than 2,500 homes to be built in three phases, Darulaman Lagenda will be the largest affordable housing township in Kedah. Managing Director of Lagenda, Dato’ Jimmy Doh <拿督卓致明> said: “Our results were satisfactory in 2Q2022 and during the quarter, we launched more than 3,000 units of homes which will contribute towards our performance in the coming months. These new launches achieved healthy take-up rates, signalling the continued strong demand for Lagenda’s projects and we expect this to extend into our future launches. We are also delighted by the positive preliminary response received for Darulaman Lagenda (our first township in Sungai Petani, Kedah) and remain confident of establishing ourselves in more states throughout the country. We are still very much a young and growing company. As we continue to expand, we will enjoy greater efficiencies as we operate on a highly scalable model akin to mass manufacturing. Affordable housing is a need across all states which is evident as buyers for our Perak projects come from all states in Malaysia, including East Malaysia. We are able to create migration due to the value and lifestyle that we offer. Our strong balance sheet with a low net gearing ratio of 0.05 times positions us well for further landbanking activities. On 9 August 2022, we announced a proposed acquisition of 422 acres of land adjacent to Lagenda Teluk Intan to maximise the potential of our existing project. We are currently in negotiations with other landowners to further expand our footprint into more states in Malaysia and to achieve our goal of launching at least one new township per year to provide sustainable growth”, he added. View Press Release Share

Lagenda Posts Profit After Tax of Rm47.0 Million In 1Q2022 Confirmed Sales Healthy In 1Q2022, Gearing Up for New Launches In 2Q2022 KUALA LUMPUR, 23 May 2022 – Affordable housing and integrated township developer Lagenda Properties Berhad (“Lagenda” or “the Group”, Stock Code:7179) has today released its first quarter financial results for the three months ended 31 March 2022 (“1Q2022”). With the Group prioritizing consolidation this quarter and new launches being scheduled over the next few quarters, revenue eased by 16% to RM192.8 million and accordingly, profit after tax moderated by 15% to RM47.0 million when compared to the corresponding quarter of the preceding financial year. Undeterred by this, confirmed sales of RM144.6 million was comparable to the corresponding period of preceding year, with growth expected over the upcoming quarters with new launches and natural cyclical pick-up. Bookings and unbilled sales as of 31 March 2022 remained healthy at RM341.4 million and RM604.8 million, respectively. The Group remains confident and is gearing up for increased activities in the remaining quarters of the year with plans to launch several new projects including new phases in Lagenda Teluk Intan, Lagenda Tapah and the maiden launch of its Sungai Petani township which marks the Group’s first foray to expand beyond Perak. Managing Director of Lagenda, Dato’ Jimmy Doh <拿督卓致明> said: “Confirmed sales grew month-on-month from January to March 2022 as lockdown eased, and we anticipate this momentum to continue into the second quarter of the year based on encouraging activities witnessed in April 2022, coupled with our forthcoming launches over the next few months. Although having a home is a basic need, there is a shortage of housing within the B40 group’s grasp across most states in Malaysia, leading to a large addressable market for Lagenda. The robust demand for our affordable housing is evident in the high take-up rates which are typically above 90% within nine months of launching. Forty percent of the buyers for our projects in Perak are interstate buyers, signalling demand for our homes across the country. For this financial year, we are planning to launch nearly 6,000 homes with GDV of approximately RM1 billion including maiden launches outside Perak, with Kedah coming onstream soon. Our joint venture with Inta Bina Group Berhad will further expedite our project roll-out. Our strong balance sheet with low net gearing ratio of 0.03 times positions us well for further landbanking activities. We are currently in negotiations and are targeting to acquire additional landbank this year to widen our footprint to achieve our aim of being the Nationwide Affordable Housing Developer. This will also fulfil our aim of launching at least one new township every year to provide sustainable growth”, he added. View Press Release Share

Lagenda Delivers Profit After Tax of RM200 Million in FY2021 Declares Second Interim Dividend of RM3.5 Sen Per Share KUALA LUMPUR, 22 February 2022 – Affordable housing and integrated township developer Lagenda Properties Berhad (“Lagenda” or “the Group”, Stock Code:7179) has today released its fourth quarter financial results for the three months ended 31 December 2021 (“4Q2021”). In 4Q2021, Lagenda registered revenue of RM251.1 million which was 36% and 47% above the revenue recorded in the two preceding quarters being 3Q2021 and 2Q2021, respectively. This shows that our catch-up initiatives have yielded positive results and revenue is back on track to pre-pandemic levels. Profit after tax and minority interests (“PATAMI”) for 4Q2021 closed at RM56.4 million as compared to RM45.5 million in 3Q2021. For the twelve months ended 31 December 2021 (“FY2021”), Lagenda’s revenue increased by 20% to RM835.5 million as compared to the previous financial year, and PATAMI increased by 42% to RM200.5 million. As at 31 December 2021, the Group’s unbilled sales stood at RM604 million while outstanding bookings were RM649 million. Together with this solid set of results, Lagenda declared a second interim dividend of 3.5 sen per ordinary share. To-date, total dividends declared in respect of FY2021 aggregates to RM53.9 million, representing a payout ratio of 27%. Managing Director of Lagenda, Dato’ Jimmy Doh <拿督卓致明> said: “Our cumulative sales and bookings for the year up to 31 December 2021 was RM1.4 billion. We consider this a commendable performance given the continued challenges posed by the pandemic in FY2021. Lagenda’s achievements demonstrate the demand resiliency of the affordable housing segment which continues to be underserved. We have set the wheels in motion to achieve our vision to be a Nationwide Affordable Township Developer. To scale and expand across more states in the most expeditious manner, we have a joint venture arrangement with Inta Bina Group Berhad to undertake construction of our projects outside Perak. Lagenda is on a growth trajectory and will be rolling-out townships in Kedah and Johor besides our home turf in Perak. Our net cash position and low gross gearing of 0.23 times augur well for further expansion and land acquisition opportunities. At Lagenda, we are constantly looking for ways to further add value to increase the attractiveness of our townships with sustainability in mind. We are already working to install 1,000 residential solar PV systems across three township projects in the state of Perak. Recently, Lagenda has also partnered with ESCAPE brand creators, Sim Leisure Group for the design, construction and operation of recreational parks in our current and future townships. Emphasis will be on utilising environmentally friendly materials and construction methods to optimise green spaces across our developments. Although affordably priced, all our homes are landed properties and Lagenda’s townships provides facilities and amenities that would benefit and enhance our residents’ lifestyle”, he added. View Press Release Share

Lagenda Properties Berhad Reports 53% increase in 9M2021 Profit to RM144.0 million KUALA LUMPUR, 15 November 2021 – Affordable housing and integrated township developer Lagenda Properties Berhad (“Lagenda” or “the Group”, Stock Code:7179) has today released its third quarter financial results for the three months ended 30 September 2021 (“3Q2021”). In the first nine (9) months of the year (“9M2021”), Lagenda’s revenue increased by 38% to RM584.4 million as compared to the corresponding period last year (“9M2020”) and profit after tax and minority interests (“PATAMI”) increased by 53% to RM144.0 million. In 3Q2021, Lagenda registered revenue of RM185.2 million which was slightly below revenue of RM194.7 million achieved in the corresponding period of the preceding year (“3Q2020”). Comparatively lower revenue in 3Q2021 was due to the delay in construction activities caused by the movement control order and the intra-group adjustments arising from the asset injection exercise in 3Q2020. Accordingly, PATAMI for 3Q2021 closed at RM45.5 million as compared to RM49.8 million in 3Q2020. The Group’s construction division is currently operating at full capacity under strict SOPs to catch-up on construction progress. As at 30 September 2021, the Group’s unbilled sales stood at RM591 million while outstanding bookings were RM684 million. Managing Director of Lagenda, Dato’ Jimmy Doh said: “Our cumulative sales and bookings up to this quarter is RM1.2 billion. The robust demand demonstrates that affordable housing is still an underserved segment and Lagenda will continue to remain focused on this market. We are also optimistic on continuous healthy take-up rates for our launches and are targeting to launch nearly 6,000 over the next 12 months. Lagenda’s objective is not only to provide affordable and quality homes, but also eco-friendly living environments. We are working with Solarvest Holdings Berhad to install 1,000 residential solar PV systems across three township projects in the state of Perak. The PV system can generate energy up to 98% of the monthly electricity usage. With savings from utility bills over the long term, our home buyers will ultimately enjoy a lower cost of living, adding to the attractiveness and affordability of our projects. The next 12 months will be exciting for Lagenda. Besides our home turf in Perak, we will be rolling-out maiden projects in Kedah and Johor. As we continue to grow, we will enjoy greater efficiencies and economies of scale as we operate on a highly scalable model akin to mass manufacturing”, he added. View Press Release Share

Lagenda Properties on Course to Becoming a Nationwide Affordable Township Developer KUALA LUMPUR, 17 August 2021 – Affordable housing and integrated township developer Lagenda Properties Berhad (“Lagenda” or “the Group”, Stock Code:7179) has today released its second quarter financial results for the three months ended 30 June 2021 (“2Q2021”). For 2Q2021, Lagenda’s revenue surged by 1,530.9% to RM170.5 million as compared to the corresponding period last year (“2Q2020”) and accordingly, profit after tax (“PAT”) increased by 1,559.8% to RM42.9 million, mainly due to the acquisition exercises which were completed in August 2020. However, revenue declined 25.4% quarter-on quarter as construction activities were delayed by one month as a result of the Full Movement Control Order (“FMCO”) which led to lower revenue recognition in 2Q2021. This is a temporary setback and the Group envisages to catch-up on construction progress soonest possible. Correspondingly, PAT in 2Q2021 decreased by 22.8% when compared to the preceding quarter, being 1Q2021. Despite the lockdown, the Group secured stronger sales in 2Q2012 achieving total sales of close to RM700mil for the current financial year up to 30 June 2021. This represents 70% of our target for 2021 and with this momentum, Lagenda is confident of realising its FY2021 sales target of RM1 billion. As at 30 June 2021, the Group’s unbilled sales stands at RM561 million, providing strong cashflow visibility. Lagenda declared an interim dividend of 3.0 sen per share, payable on 5 October 2021. The Group is committed to rewarding its shareholders by paying out 25% to 30% of its profits as dividends. Managing Director of Lagenda, Dato’ Jimmy Doh <拿督卓致明> said: “Our results were satisfactory despite the lockdown which delayed construction progress. Stronger sales in 2Q2021 demonstrated that demand is still robust for affordable housing. We are aiming to catch-up on construction activities in the coming months when the lockdown eases. In preparation for this and to safeguard the well-being of our people, 88% of our staff have been vaccinated which is in line with the Group’s goal to achieve 100% vaccination in the coming months. We believe our business model is highly scalable and we plan to expand our business blueprint outside Perak, across more states in Malaysia. Our immediate targets are Kedah, Pahang and Johor. As Lagenda continues to build more houses, we aim to achieve higher and better efficiency on every township as we replicate based on previous framework. With our recent land acquisitions in Pahang and Johor, our total GDV is now circa RM9 billion which will ensure that we are able to launch one new township per year to deliver long term sustainable growth.” View Press Release Share

Demand for Affordable Homes Sustains Lagenda’s Profits KUALA LUMPUR, 25 May 2021 – Affordable housing and integrated township developer Lagenda Properties Berhad (“Lagenda” or “the Group”, Stock Code:7179) has today released its first quarter financial results for the three months ended 31 March 2021 (“1Q2021”). For 1Q2021, Lagenda registered revenue of RM228.7 million which was 16.1% lower than the immediate preceding quarter (“4Q2020”). The decrease in revenue was mainly due to oneoff consolidation adjustments in 4Q2020 arising from the acquisitions of operating subsidiaries as part of the asset injection exercise. Nonetheless, revenue derived from the property development segment has improved by 27.1% as compared to the immediate preceding quarter. Profit after tax (“PAT”) in 1Q2021 was commendable at RM55.6 million which matches the RM55.7 million achieved in 4Q2020. The Group once again attained industry leading margins owing to our efficient and scalable business model, backed by deliberate land acquisition strategy. As at 31 March 2021, the Group’s unbilled sales stand at RM515.5 million and remaining GDV of RM4.4 billion for on-going and upcoming townships. Managing Director of Lagenda, Dato’ Jimmy Doh < 拿 督 卓 致 明 > said: “With our performance in 1Q2021, we look on-course in achieving our sales target of RM1 billion for this current financial year. Our projects continue to record robust take-up rates as we offer affordable landed homes with integrated townships at unbeatable prices of between RM150,000 – 200,000. We will be launching our third township in Tapah in the third quarter of 2021 and the GDV for this development is approximately RM1.9 billion. The successes of Bandar Baru Setia Awan Perdana and Lagenda Teluk Intan are a testament of our execution capability and we aim to achieve better efficiency on every new township as we replicate based on previous framework. On top of our current township projects, Lagenda envisions to launch at least one township annually with sales of 2,000 homes in each new township per annum. Based on our current margins, each township is expected to contribute circa RM100million to our bottom line. We are currently in a net cash position and this provides plentiful of opportunities for future growth. We believe our model is highly scalable and will continue to expand our business blueprint in other states of Malaysia to achieve our vision of being a Nationwide Affordable Township Developer.” View Press Release Share