Report
Bina Darulaman BHD
Level 9
Menara BDB, 88, Lebuhraya Darulaman
Phone: +60 47300303p:+60 47300303 ALOR STAR, 05100  Malaysia Ticker: BDBBDB

Bina Darulaman, Lagenda Properties to develop RM565m Darulaman Putra


PETALING JAYA: Bina Darulaman Bhd will undertake an affordable township project in Sungai Petani with a gross development value of RM565 million.

Group chief executive officer and president Faris Najhan Hashim said the township, called Darulaman Putra, would comprise residential and commercial components on 93ha of freehold land.

Bina Darulaman said its wholly-owned subsidiary BDB Land Sdn Bhd had formed a 50:50 joint venture with LPB Development Sdn Bhd, the property arm of Perak-based Lagenda Properties Bhd, to undertake the development.

 Faris said the project would be carried out in four phases, with Phase 1 consisting of 282 affordable housing units each priced between RM150,000 and RM200,000.

It is targeted to be completed within two years of the commencement of construction works at the site.

Faris said it was bullish on the sales prospects as there was high demand for affordable housing in Kedah.

He said Lagenda’s track record in developing affordable townships, including Bandar Baru Setia Awan Perdana in Sitiawan, would help make Darulaman Putra project a success.

“It is our hope to help more people from the Bottom 40 and Middle 40 household income groups to own their dream home,” he added.

Lagenda managing director Datuk Jimmy Doh said it aimed to provide affordable houses priced below RM200,000.

Related Businesses
- - Customer
Copyright © 2021 by CreditRiskMonitor.com (Ticker: CRMZ®). All rights reserved.  You are not permitted to use this report or the information contained herein for any purpose not expressly permitted by CreditRiskMonitor.com, Inc. Except as expressly permitted by CreditRiskMonitor.com, Inc., you are not permitted, in whole or in part, to copy, alter, correct, adapt, translate, enhance, lease, sell, sublicense, assign, distribute, publish, otherwise make available to any third party, or prepare derivative works or improvements of this report or any of the information contained therein. You are not permitted to reverse engineer, disassemble, decompile, decode, or adapt the software, algorithms or other processes used to prepare this report, or otherwise attempt to derive or gain access to the source code of same. You agree not to remove, alter, obscure, combine or otherwise change any disclaimers, trademarks, copyrights, other intellectual property rights, proprietary rights, or other symbols, notices, marks, or serial numbers on or relating to any copy of the report or on marketing or other materials that CreditRiskMonitor.com, Inc. may provide to you. You will not use this report in any manner or for any purpose that infringes, misappropriates, or otherwise violates any right of any party, or that violates any applicable law.  
The FRISK® scores, agency ratings, credit limit recommendations and other scores, analysis and commentary are opinions of CreditRiskMonitor.com, Inc. and/or its suppliers, not statements of fact, and should be one of several factors in making credit decisions.  Any reliance you place on the information in this report is strictly at your own risk. Except as expressly provided by CreditRiskMonitor.com, Inc., no warranties or representations of any type, including without limitation of results to be obtained, merchantability or fitness for a particular purpose, are made concerning any part of CreditRiskMonitor.com, Inc.’s service, including without limitation the FRISK® scores.  The information published above has been obtained from sources CreditRiskMonitor considers to be reliable.  CreditRiskMonitor.com, Inc. and its third-party suppliers do not guarantee or validate the accuracy and completeness of the information provided in this report, the underlying information input to create the FRISK® scores, and specifically do not assume responsibility for not reporting any information omitted or withheld.  By using this website, you accept the Terms of Use Agreement. 
Contact Us: 845.230.3000
Fundamental financial data concerning public companies may be provided by Refinitiv (click for restrictions)
Saturday, April 17, 2021