PETALING JAYA: Chin Hin Property Bhd (CHGP) announced that the group has an unbilled sales of RM2.3bil as at 30 Sept, 2025 which is expected to underpin revenue recognition into 2026 and 2027, marking a confident outlook for the year.
The group stated that the unbilled sales were derived from its ongoing residential projects across Greater Kuala Lumpur and the Northern Region, including Quaver Residence, Ayanna Resort Residences, Avantro Residences, Residensi Andalan, Dawn KLCC, Aricia Residences, Crown Penang, and Botanica Hills.
For the nine months ended 30 Sept, 2025, the group recorded a 92% year-on-year increase in profit before tax and 30% year-on-year (y-o-y) increase in revenue, supported by higher sales recognition and improved project maturity within its property development segment.
The group also secured several land plots for residential developments across Kuala Lumpur and Selangor, namely Lots 448 and 449 at Jalan Segambut, Puncak Jalil, Taman Connaught and Nilai. The combined gross development value (GDV) of the acquisitions is estimated at RM3.5bil and is expected to be progressively launched from 2026 onwards.
For 2026, CHGP said it expects a larger portion of its development pipeline to move into peak construction and billing phases, and demand to remain resilient for well-located, mid-market and landed residential products among owner-occupiers and young families.
“Our focus going into 2026 is on project delivery and operational excellence. We are prioritising construction progress, delivery discipline and product relevance. The objective is to convert what is already in hand into sustainable earnings, while remaining selective on new opportunities,” said group chief executive officer Chang Tze Yoong.
Stay ahead of the crowd and enjoy fresh insights on real estate, property development and lifestyle trends when you subscribe to our newsletter and follow us on social media.
