Business Reporter
PROPERTY developer WestProp Holdings posted a 16,3 percent increase in revenue to US$14,91 million for the half-year ended June 30, 2026, driven by new entity consolidations and steady sales across its primary residential developments.
The revenue expansion, up from US$12,82 million recorded in the prior-year period, was bolstered by the first-time consolidation of Sunshine Developments, Electro Properties and BrickFusion Manufacturing into group accounts.
Millennium Heights emerged as the largest top-line contributor, generating US$5,19 million, or 34,8 percent of group revenue, up from US$3,28 million in the comparative prior period.
Pomona City contributed US$4,99 million, representing a 21,3 percent year-on-year increase propelled by strong buyer demand for the Pomona City Walk-Up Flats.
The newly consolidated entities — Electro Properties (US$2,19 million), Sunshine Developments (US$1,55 million) and BrickFusion Manufacturing (US$650 000) — collectively added US$4,39 million, accounting for 29,4 percent of total revenue.
Revenue from Pokugara Residential Estate slowed to US$350 000 from US$5,43 million as the estate reached 100 percent sell-out, leaving only final handover settlements.
Gross profit rose 9,5 percent to US$7,49 million from US$6,83 million in the first half of 2025.
However, group gross margin contracted to 50,2 percent from 53,3 percent due to a changing product mix and maturing-cycle margin dilution at Millennium Heights, partially offset by a 19,7 percentage-point margin expansion at Pomona City to 57,7 percent.
