Enriching
ANNUAL
REPORT
2024
REPORT
2024
Enriching the Future
We strive to create environments that enhance lives, inspire communities and leave a lasting legacy. Through sustainable practises and a deep understanding of our clients’ needs, we aim to enrich the lives of the people who live in our developments. Our focus on the future goes beyond just building. We want to build sustainable communities that thrive for generations to come, truly enriching the future for all.
About Us
About Us
Hua Yang Berhad has come a long way from its first eight four-storey shops at Jalan Gopeng, Ipoh. Today, the Group consistently delivers quality, affordable, integrated townships, high-rise residential projects and commercial lots across the nation.
Provide affordable housing for a developing nation
• Empower Malaysians to achieve their dream homes
• Protect and enhance the interest of our stakeholders
• Ensure quality in our products and performance
Our Core Values
Core values are the bedrock of our organisation and tell people who we are as a company. Hua Yang’s core values are represented by the acronym DREAMS and these values are what drives us ahead as we forge ahead as a team to work towards our vision.
01
Dependable
02
Reliable
03
Efficient
04
Affordable
05
Motivated
06
Sustainable
Our Presence Across Malaysia
Bukit Mertajam, Mainland Penang
Aston Acacia is a modern tropical development, strategically located in the heart of Bukit Mertajam town. Based on the concept of living high, Aston Acacia offers a balance of life, work and play with comprehensive modern facilities.
Bandar U Seri Iskandar
Strategically located in the dynamic bustling town of Bandar U Seri Iskandar, Sakura is a residential development encompassing 410 units divided into 5 phases, spanning across 25 acres of land.
Bandar U Seri Iskandar
A new flagship project located in Bandar U Seri Iskandar, Perak's integrated education township. Centaurea comprises of 335 units of 1½ storey terrace houses spanning across 24 acres of land.
Dengkil, Sepang
Taman Ara Saujana, the latest modern and contemporary homes launched in April 2024 comprise 59 units of 2-storey terrace houses situated on 4.8 acres of freehold land.
Bandar U Seri Iskandar
Plumeria located in Bandar U Seri Iskandar, Perak's Integrated Education Township. A new flagship project comprises of 152 units of 22' x 65' Single Storey Terrace House with each unit of Plumeria measures 22' x 65' with a built-up size of 851 sq.ft.
Taman Denai Alam
Be welcomed home by luxuriant green living in LINEA @ Elemence at Taman Denai Alam. LINEA, a perfect home enclaved within a 73 acres freehold integrated township, consists of residential and commercial precincts, interlaced with nature and a 1.45 acres recreational park.
Board of Directors
TAN SRI DATO' SERI DR. TING CHEW PEH
Chairman / Non-Independent Non-Executive Director
HO WEN YAN
Chief Executive Officer / Executive Director
CHEW HOE SOON
Non-Independent Non-Executive Director
CHOO SENG CHOON
Independent Non-Executive Director
CHEW PO SIM
Non-Independent Non-Executive Director
Y.A.M. TENGKU DATO' RAHIMAH BINTI AL-MARHUM SULTAN MAHMUD
Independent Non-Executive Director
HO WEN FAN
Alternate Director
Board at a glance
Age Group
Gender
Board Tenure
Chairman’s Statement
TAN SRI DATO' SERI DR. TING CHEW PEH
Chairman / Non-Independent Non-Executive Director
Dear Shareholders,
2024 has been an encouraging year for Hua Yang as we achieved yet another respectable performance, driven by improving market conditions on the post-pandemic growth trail, which paved the way for a more stable property market.
0
%
increase in PAT affirms our resilience and strength in navigating a challenging environment.
Management Discussion and Analysis Report
HO WEN YAN
Chief Executive Officer
Dear Shareholders,
The following Management Discussion and Analysis (MD&A) provides an overview of our financial performance and notable business developments for
FY2024. To help your understanding, this discussion should be read in conjunction with the Group’s audited financial statements and accompanying notes.
RM
0
.0
MILLION
Total Revenue FY2024 (FY2023 Revenue RM120.1 million)
RM
0
.2
MILLION
Profit After Tax (FY2023 PAT RM3.1 million)
