Subang Jaya, 28 May 2025 – Property developer Avaland Berhad (“Avaland”) began its financial year ending 31 December 2025 (“FY2025”) with a steady performance, recording a net profit of RM20.2 million on the back of RM179.5 million in revenue for the first quarter ended 31 March 2025 (“Q1 FY2025”).
As a comparison, the Group reported a net profit of RM21.2 million on the back of RM214.6 million in revenue in the previous corresponding quarter.
The financial performance in Q1 FY2025 reflected the transitional phase of Avaland’s project portfolio, as contributions tapered from developments approaching completion — including Aetas Damansara, Alira Subang Jaya, and Sanderling 1. Meanwhile, recently launched projects are still in the early stages of sales and construction, and have yet to contribute significantly to earnings. Nonetheless, the Group was able to partially offset the impact of the reduced revenue through effective cost management in the quarter.
Apollo Bello Tanco (“Pol”), Chief Executive Officer of Avaland said, “We started FY2025 on stable ground with RM147.5 million worth of new sales in the first quarter, supported by encouraging take-up from Phase 2 of Casa Embun, Alora Residences and Meria.
Thus far, we have launched two projects in 2025, namely the first phase of Meria in February, a commercial hub with a gross development value (“GDV”) of RM123 million at our Cybersouth township, and Tower B of Alora Residences with a GDV of RM220 million in April. Looking ahead, we aim to launch an additional RM934 million worth of projects this year, bringing our total launches of the year to RM1.3 billion. We are optimistic that the launches in 2024 and 2025 will propel the next phase of our growth plans.”
As at 31 March 2025, the Group’s unbilled sales grew to a new high of RM944 million from RM900 million as at end-2024, providing the Group with strong earnings visibility for the coming years ahead.
Speaking on the Group’s prospects going forward, Pol said “The outlook for the property sector remains positive, supported by sustained demand for residential properties. Loan applications for property purchases rose to RM106 billion in Q1 2025, from RM104 billion in the corresponding period last year, reflecting confidence underpinned by Malaysia’s stable interest rate environment. In addition, the latest incentives announced in Budget 2025, including a higher allocation under the Housing Credit Guarantee Scheme and tax relief of up to RM7,000 for homes priced at RM750,000 and below are expected to further stimulate demand, particularly among young families and first-time homebuyers.
The Group remains cautiously optimistic of its prospects, supported by the robust demand for its projects which are strategically located and offer strong value propositions aligned with market needs. Additionally, the Group’s existing landbank of 192 acres across the Klang Valley, with an estimated GDV of RM11 billion, provides earnings visibility for the next 10 years. To further strengthen its position and ensure sustainable growth, the Group is actively exploring strategic land acquisitions to expand its landbank and enhance future earnings potential.”
