With a shortage of affordable housing across the country, Lagenda Properties Berhad and KHSB are teaming up to develop landed affordable township within Selangor.
Kuala Lumpur – With a mission to make home ownership affordable for Malaysians, Lagenda Properties Berhad, through its wholly-owned subsidiary, Blossom Eastland Sdn Bhd, has entered into a development joint venture with Kumpulan Hartanah Selangor Berhad (KHSB), a wholly-owned subsidiary of the Selangor State Government, to develop a 191 acres plot of development land located in Bernam Jaya, Selangor.
Lagenda as the developer and KHSB as the landowner aims to develop the land into an affordable township with over 2,000 units of affordable landed homes that are priced at below RM250,000. The development is located about 75 kilometres away from the Kuala Lumpur city centre and is easily accessible via the North-South Expressway.
After winning a competitive selection process carried out by KHSB, the Bernam Jaya development will be Lagenda’s first foray into Selangor and will mark the Group’s presence in another state within Malaysia after Perak, Kedah, Johor, and Pahang.
Lagenda remains committed to its aim of launching at least one new township per year and is aggressively expanding its horizons, soon after launching over 2500 units of affordable homes in Kedah in addition to the over 16,000 units of affordable homes launched in Perak thus far. Owing to Lagenda’s pricing strategy and lifestyle focus – the development will directly support the Government’s target of building 500,000 affordable homes as outlined in the 12th Malaysia Plan.
“We aim to provide homes that everyone can afford to buy. One of the main reasons we chose Selangor to develop our township is its large population and the lack of affordable landed homes. 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,” commented Dato’ Jimmy Doh, managing director of Lagenda Properties Berhad
“Sustainability has always been at the forefront of our developments. Our townships are planned with the social, economic, and environmental impact at the forefront of decision-making. In addition, our affordable landed homes are complemented with recreational facilities and green spaces – creating an environmentally friendly and family-focused township,” he further added.
We target to launch the Bernam Jaya township by end of 2023.
Join our Telegram channel to receive the latest news alert