Lagenda Properties Launches New Township In Sg Petani With BDB

From left to right: En Mohd Iskandar Dzulkarnain bin Ramli, Acting President & Group Chief Executive Officer, BDB, SR Haji Che Had Bin Dhali, Executive Chairman, BDB, YAB Dato’ Seri Haji Muhammad Sanusi bin Md Nor, Menteri Besar Kedah, Admiral Tan Sri Dato’ Seri Panglima Dr. Ahmad Kamarulzaman Hj Ahmad Badaruddin, Chairman of Lagenda Properties, Dato Jimmy Doh, Managing Director of Lagenda Properties

Joint venture between Lagenda Properties Berhad and Bina Darulaman Berhad (BDB) create new affordable homes for the Rakyat

Kuala Lumpur, 29 August 2022 – Lagenda Properties Berhad (“Lagenda Properties”), in hand with Bina Darulaman Berhad (“BDB”), carried out a groundbreaking event on their new affordable township in the heart of Sungai Petani, Kedah earlier today. The groundbreaking ceremony was led by the Menteri Besar of Kedah, YAB Dato’ Seri Haji Muhammad Sanusi Md Nor.

The new township, aptly named Darulaman Lagenda, will see the development of more than 2,500 landed affordable homes within the heart of Sungai Petani, subsequently marking Darulaman Lagenda as the largest affordable township in Kedah. The township is geared at addressing the existing demand for affordable homes amongst the low and middle household income, with the new township also targeted towards achieving the ‘One Family One Home’ aspirations of Lagenda Properties.

“Future affordable housing development should be tailored towards townships that enable homeowners to enjoy quality and communal living experience. Lagenda Properties, with our pricing strategy and lifestyle focus, is committed to delivering our strategic and sustainable plan. This will positively contribute towards the 12th Malaysian Plan spearheaded by the Ministry of Housing and Local Government (“KPKT”) to deliver 500,000 affordable homes, benefitting the underserved community,” stated Chairman of Lagenda Properties, Admiral Tan Sri Dato’ Seri Panglima Dr. Ahmad Kamarulzaman Hj Ahmad Badaruddin.

With a gross development value (GDV) of RM593 million, the project will feature more than 2,500 affordable homes with the focus of the township to be on sustainable quality living. The township comprises of 3 phases with the first phase consisting of 282 units. All units will be landed homes and priced affordably below RM250,000 per unit.

“Home ownership has been a constant challenge faced by all Malaysians – this is why in developing our homes, it is our utmost priority to reverse engineer our process to ensure that our prices match what the people can afford. Moving beyond Perak into Kedah is a timely and strategic move for us – as we see more and more people in Kedah struggling to afford a home to call their own. With our expertise in affordable development, and BDB’s strength in Kedah – we are confident that this is just the first step in alleviating or at least mitigating somewhat the affordability crisis in the surrounding area,” stated Managing Director of Lagenda Properties, Dato Jimmy Doh.

Lagenda Properties further adds value to its townships by placing sustainability at the forefront of its developments. “Our townships are always planned out to be strategically located, spacious and eco-consciously designed to ensure ample green spaces and community areas catered to various age groups and is equipped with all the necessary amenities for quality living. Backed by homes with a quality build, our townships include facilities such as clubhouses, football fields, badminton courts, swimming pool, cycling and jogging tracks, giving a quality of life to our buyers not usually attainable at this price point,” added Doh.

Darulaman Lagenda marks Lagenda’s first township in Kedah and is aimed at supporting the Government’s agenda in ensuring a consistent supply of affordable homes for the rakyat.