Avaland's Revenue Surges 41%, Aetas Seputeh and Amika Residences Sold Out
Translated from Malay and summarized by DistantNews. Read the original for the full story.
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- Avaland Berhad reported a 41% quarter-on-quarter revenue increase to RM174.3 million and a net profit rise to RM17.1 million in Q2 FY2026.
- Strong sales momentum continued, with new sales up 46% to RM222.4 million, driven by successful launches like Aetas Seputeh and Amika Residences which achieved 100% sales.
- The company plans strategic land acquisitions and new project launches, including a luxury residential development in Kuala Lumpur, aiming for a combined Gross Development Value (GDV) exceeding RM1 billion in 2026.
Avaland Berhad has announced a significant improvement in its financial performance for the second quarter of fiscal year 2026, with revenue climbing 41% quarter-on-quarter to RM174.3 million. The property developer also saw its net profit increase to RM17.1 million, up from RM12.1 million in the first quarter of the fiscal year.
The full take-up of Aetas Seputeh and Amika Residences, which each achieved 100% sales approximately two years after their launch in 2024, reflects the sustained demand for our developments.
This enhanced performance is attributed to higher construction progress on ongoing development projects and contributions from new launches during the quarter. Avaland's sales momentum remained robust, with new sales surging 46% quarter-on-quarter to RM222.4 million. This growth was bolstered by the successful launch of landed residential projects, reflecting sustained demand for the company's property offerings.
Key projects like Aetas Seputeh and Amika Residences have achieved full sales, reaching 100% sold approximately two years after their 2024 launch, underscoring the continued market appetite for Avaland's developments. The company's premium portfolio also contributed healthy sales throughout the quarter, supporting the overall financial results.
Our group's premium portfolio also continued to record healthy sales contributions throughout the quarter, supporting the overall sales performance.
Looking ahead, Avaland is focused on strengthening its development pipeline through strategic land acquisitions and new project introductions. The company recently acquired a 1.9-acre freehold plot in Taman U-Thant, Kuala Lumpur, earmarked for a luxury residential development with an estimated Gross Development Value (GDV) of RM700 million. This acquisition is expected to enhance Avaland's luxury residential portfolio and expand its presence in the Klang Valley. For 2026, Avaland aims to launch projects with a combined GDV exceeding RM1 billion across its various series, including ACCENT Petaling Jaya and Aetas Taman Desa.
Avaland continues to focus on strengthening its development pipeline through strategic land acquisitions and new project launches.
About this summary
Originally published by Utusan Malaysia in Malay. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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