CHIN Hin Group Property Bhd which project undertaking primarily lies in the Klang Valley, Penang and Johor Bahru has been successful in its strategic transformation into a focused and sustainably profitable property developer.
This is evident from the group’s FY2025 ended Dec 31, 2025 revenue which grew 36.8% year-on-year (yoy) to RM976.65 mil despite its Construction division which contributed RM535.6 mil to FY2024 revenue having been disposed of in November 2024 and is entirely absent from FY2025.
As this reflects the scale of the property development ramp-up, the group’s gross profit margin nearly doubled from 11.4% to 20.4%, the clearest single measure of its property portfolio’s maturation
Early-stage property projects typically carry lower or negative margins as upfront costs are recognised ahead of revenue. As projects progressed past their initial construction phases in FY2025, margins normalised and revenue recognition accelerated.
The group’s net earnings also spiked 126% yoy to RM58.87 mil (FY2024: RM26.06 mil) though note the group’s FY2024 net profit included approximately RM34 mil in one-off disposal gains from sale of the Construction division and other investments.
The Property Development segment is now the group’s growth engine by accounting for 91.6% of total revenue.
Segment revenue surged 285.6% to RM895.0 mil as projects, including Quaver Residence, Ayanna Resort Residences, Avantro Residences, Crown Penang, Residensi Andalan, Dawn KLCC and Aricia Residences progressed past their early construction phases and into active revenue recognition.
‘Net gearing improved dramatically’
Additionally, the segment received a further boost from maiden revenue contributions from the newly launched Botanica Hills. Segment pre-tax profit reached RM109.9 mil – a RM124.6 mil swing from the RM14.7 mil loss posted in FY2024.
“FY2025 validates our strategic decision to focus exclusively on property development following the divestment of our construction division,” commented Chin Hin Group Property’s group CEO Chang Tze Yoong.
“We achieved 37% revenue growth despite the absence of construction revenue, a demonstration of strength and scalability of our core property development platform.”
Beyond that, the group has been successful in converting its project pipeline into actual profit and hard cash.
“Our RM2.2 bil unbilled sales were built through securing land, timely authority approvals, successful project launches and strong sales conversion,” enthused Chang.
“Now that multiple projects have advanced past their early construction phases, earnings contribution has become more meaningful while margins have stabilised, supported by healthy take-up rate and disciplined cost management.”
Added Chang: “We enter 2026 with a much stronger balance sheet and exceptional multi-year earnings visibility.”
All in all, Chin Hin Group Property’s financial position strengthened considerably during the year.
Its operating cash flow swung to a positive RM134.5 mil with the group having utilised this liquidity to actively de-leverage. Total borrowings were reduced to RM357.2 mil while cash reserves grew to RM73.8 mil. Consequently, net gearing improved dramatically from 0.90x to 0.50x,
Looking ahead, the group possesses immense earnings visibility. As of end-December 2025, its unbilled sales stood at RM2.2 bil across nine active projects.
The group contended that it will focus on disciplined project execution while advancing its pipeline of pending land acquisitions in Seri Kembangan, Segambut and Kuala Lumpur to sustain long-term growth.
At the close of yesterday’s (Feb 27) market trading, Chin Hin Group Property was unchanged at RM1.13 with 10,000 shares traded, thus valuing the company at RM1.57 bil. – Feb 28, 2026
