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.

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Saturday, April 17, 2021