MAIN Market-listed developer Chin Hin Group Property Bhd (CHGP) is optimistic with its 2026 outlook, buoyed by RM2.3 bil in unbilled sales, an expanded residential landbank and a growing pipeline of developments that provide clear earnings visibility over the next two to three years.
As of end-September 2025, the group’s unbilled sales were derived from its on-going 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.
This unbilled sales base is expected to underpin revenue recognition into FY2026 and FY2027 as projects progress through more advanced construction stages.
Looking back at 2025, CHGP delivered a strong year of execution.
The group’s pre-tax profit shot up 92% year-on-year (yoy) during its nine-month ended Sept 30, 2025 backed by higher sales recognition and improved project maturity within its Property Development segment.
Revenue for the period grew 30% yoy, reflecting steady demand across its residential portfolio.
In addition to operating performance, 2025 was also a year of deliberate landbank expansion and portfolio optimisation.
‘Year of earning recognotion’
During the year, the group secured several strategic residential development sites across Kuala Lumpur and Selangor, namely Lots 448 and 449 at Jalan Segambut, Puncak Jalil, Taman Connaught (in Cheras) and Nilai.
Taken together, these acquisitions and development agreements add an estimated RM3.5 bil in gross development value (GDV) to CHGP’s medium-term pipeline which is expected to be progressively launched from 2026 onwards.
During 2025, CHGP and its projects also received industry recognition, including awards at the FIABCI Malaysia Property Awards, Malaysia Developer Awards (MDA) and StarProperty Awards, thus reflecting consistent delivery across high-rise, lifestyle and family-oriented residential segments.
“Our focus going into 2026 is on project delivery and operational excellence,” enthused CHGP’s group CEO Chang Tze Yoong.
“We’re 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.”
The group expects 2026 to be a year of earnings realisation as a larger portion of its development pipeline moves into peak construction and billing phases.
On this note, CHGP remains committed to prudent capital management while scaling its residential portfolio in line with demand trends.
Moreover, CHGP has sharpened its focus on residential development following the divestment of non-core businesses.
This strategic focus enables management to concentrate capital and resources on projects with clear demand profiles, faster sales absorption and manageable execution risk.
Heading into 2026, CHGP expects demand to remain resilient for well-located, mid-market and landed residential products, particularly among owner-occupiers and young families.
The group is preparing to launch several new residential projects over the coming quarters, with sales targets calibrated to prevailing market conditions and affordability considerations.
At 3.07pm, CHGP was unchanged at RM1,19 with np transaction done as yet, this giving the property arm of Chin Hin Group Bhd a market capitalisation of RM1.65 bil. – Jan 2, 2025
