Latest Property Development News

Finbar Group delivered its strongest profit since FY15 with a 41% rise in NPAT to $20.3 million despite a 28% revenue decline, underpinned by record pre-sales and a robust development pipeline exceeding $1.8 billion.

CDL Investments New Zealand reported a modest profit decline for the first half of 2026, reflecting ongoing residential market challenges, while securing a $20 million credit facility to support future development.

Precinct Properties has obtained resource consent under the Fast-track Approvals Act 2024 for its Downtown Carpark project, advancing a key development milestone ahead of its August annual results.

Desane Group Holdings progresses key developments in Penrith and Leichhardt, with construction milestones and tenant arrangements set to boost recurring income.

Lendlease has partnered with The Crown Estate to form the Impact Partnership Joint Venture, unlocking a £24 billion UK development pipeline including up to 30,000 new homes and nearly a million square metres of office and life sciences space.

Lendlease is advancing its capital recycling strategy by selling the development rights to its Milano Santa Giulia North project in Milan for approximately $250 million, anticipating a significant operating loss in FY26.

UOA Development Bhd’s Q1 2026 results reveal a decline in revenue and profit compared to last year, despite a solid RM130.7 million in new property sales and a substantial unbilled sales pipeline.

Tian An Australia Limited reported a statutory profit of $23.4 million for the year ended 31 December 2025, driven by strong property development sales and a gain from restructuring its major shareholder loan. The company progressed multiple residential projects and improved its net asset position amid a recovering housing market.

Mustera Property Group reported a 45% revenue increase to $7.28 million for the half-year ending December 2025, driven by strong sales at its Forbes Residences project. Despite this growth, the company posted a net loss of $724,430, narrowing its deficit from the previous year as it advances its key North Fremantle development.

Tamawood Limited has reported a robust interim financial performance for the half year ended December 2025, showcasing significant growth in revenue, profit, and net tangible assets per share. The company’s reinstated dividend reinvestment plan and upcoming dividend review add to investor interest.

Mustera Property Group reports strong sales momentum with $15.05 million contracted at its Verse on McCabe development, alongside a $3 million settlement at Forbes Residences, setting the stage for construction to begin in Q2 2026.

Cedar Woods Properties has raised its FY26 net profit guidance to at least 20% growth, driven by strong sales and faster project delivery, setting the stage for record earnings and higher dividends.