It is banking on strong demand for affordable houses from Malaysia's large young population to more than double its revenue to over RM500 million by 2015.
While most property developers are targeting high-end market to ride on the rising income of Malaysians, Hua Yang prefers to focus on the niche, untapped market of medium-cost properties.
The loan-to-value ratio of 70 per cent for housing loans will not impact its target market (first-time home buyers).
Backed by 30 years experience in property development, Hua Yang has built over 10,000 units of commercial and residential worth RM1.2 billion.
The company is currently involved in a dozen projects throughout the country with an estimated gross development value (GDV) of RM650 million. The total GDV for 2011 will reach RM1 billion inclusive of project launches until year-end (2011).The loan-to-value ratio of 70 per cent for housing loans will not impact its target market (first-time home buyers).
Backed by 30 years experience in property development, Hua Yang has built over 10,000 units of commercial and residential worth RM1.2 billion.
The group has a 314.8ha of undeveloped land with a GDV of RM2.2 billion. Its landbank is located in Selangor, Johor, Perak and Negri Sembilan.
For the year ended March 31 2011, Hua Yang reported RM25.2 million net profit on the back of RM188.9 million revenue, up 82 per cent and 118 per cent from the net profit and revenue achieved in the previous year.
The company's profit margin is comparable with other developers because Hua Yang controls the land cost and construction process, thus enhancing the efficiency.
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