Kuala Lumpur, 29 May 2025 - Chin Hin Group Property Berhad (the Group) today announced a strong start to 2025, recording a significant increase in revenue and profitability for the first quarter ended 31 March 2025.

The Group achieved revenue of RM209.0 million for the quarter, a substantial 56% increase compared to RM134.2 million recorded in the same period last year. This strong growth was primarily driven by the outstanding performance of the Property Development segment, which delivered remarkable financial results compared to the corresponding quarter.

Profit before tax more than doubled to RM24.5 million from RM9.7 million in Q1 2024, reflecting the Group’s effective execution of ongoing projects and improved operational efficiencies. This improvement was driven by strong sales across key property developments, including Quaver Residences, Ayanna Resort Residences, Avantro Residences, Crown Penang, Residensi Andalan, Dawn KLCC, and Aricia Residences.

As of 31 March 2025, the Group’s Property Development segment holds unbilled sales totaling RM2.1 billion, providing a solid revenue pipeline for the year ahead. The Group plans to launch several new projects in the Klang Valley and Southern Region within the financial year, reinforcing its commitment to delivering quality developments in high-growth markets.

“We are pleased with the Group’s performance in the first quarter of 2025, which reflects the strength of our strategic focus on high-quality developments and our commitment to operational excellence. The strong take-up rates of our property development projects underscore the growing market confidence in our offerings and brand. As we move forward, we remain dedicated to delivering value to our stakeholders by launching concept-driven developments and enhancing the customer experience across all touchpoints,” said Chang Tze Yoong, Group Chief Executive Officer of the Property Development Division at Chin Hin Group Property Berhad.

Following the completion of the disposal of its Construction division in November 2024, the Group has streamlined its focus to property development and commercial vehicles. The Commercial Vehicles and Bodyworks segment also recorded improved sales of RM21.7 million for the quarter, driven by increased demand for rebuilt commercial vehicles.

Looking forward, Chin Hin Group Property Berhad is well-positioned to capitalize on the positive market momentum, leveraging its strong project portfolio and strategic initiatives to deliver sustainable growth and value to shareholders.

Key Financial Highlights for Q1 2025
- Group revenue increased by 56% to RM209.0 million from RM134.2 million in Q1 2024.
- Unbilled sales for Property Development stood at RM2.1 billion, supporting strong future revenue visibility.
- Profit before tax more than doubled to RM24.5 million compared to RM9.7 million previously.
- Property Development segment revenue rose sharply to RM187.3 million, with profit before tax at RM26.3 million.
- The Construction division was fully divested as of 27 November 2024, providing funds for the Group’s property development business.
- The Commercial Vehicles and Bodyworks segment recorded an increase in revenue to RM21.7 million.