Lagenda Properties to develop affordable houses in Selangor

The development is expected to boost the socio-economic growth of the state northern corridor

by NURUL SUHAIDI / TMRpic

LAGENDA Properties Bhd, through its wholly owned subsidiary Blossom Eastland Sdn Bhd, has entered into a development joint venture with Kumpulan Hartanah Selangor Bhd (KHSB) for the first large scale landed affordable township.

Both companies will develop a 77.3ha plot of development land located in Bernam Jaya, Selangor, and turn it into township with over 2,000 units of affordable landed homes that are priced at below RM250,000.

The development is located about 75km away from the Kuala Lumpur city centre and is easily accessible via the North-South Expressway.

It is expected to boost the socio-economic growth of the Selangor northern corridor.

The development will be Lagenda’s first foray into Selangor, marking its presence in another state within Malaysia after Perak, Kedah, Johor and Pahang.

Lagenda MD Datuk Jimmy Doh said Selangor is chosen for this township due to its large population and the lack of affordable landed homes for the public.

“We believe that once people have the security of owning their home, it enables them to alleviate home ownership concerns and plan their future with more confidence and optimism,” he said.

The township will focus on sustainability aspect such planned with the social, economic and environmental impact.

“The landed homes are complemented with recreational facilities and green spaces — creating an environmentally friendly and family-focussed township,” he added.

Moving forward, Lagenda is aiming to launch at least one new township per year.

The group previously launched over 2,500 units of affordable homes in Kedah in addition to the over 16,000 units of affordable homes launched in Perak.

As outlined in the 12th Malaysia Plan, the development also directly support the government’s target of building 500,000 affordable homes.