Lagenda Properties managing director Datuk Jimmy Doh (pic) said the JV is the starting point to building affordable houses for the underserved B40 community in Kedah and beyond.
KUALA LUMPUR: In the quest to build residential units priced below RM200,000, LPB Development Sdn Bhd and BDB Land Sdn Bhd (BLSB) have entered into a joint-venture (JV) cum shareholder’s agreement to develop an affordable housing township with gross development value of RM565mil on 93ha in Bandar Amanjaya, Sungai Petani, Kedah.
LPB Development is a wholly-owned subsidiary of Lagenda Properties Bhd
’s (LPB) and BDB Land is a wholly-owned subsidiary of Bina Darulaman Bhd.
A JV company, BDB Lagenda Sdn Bhd with each party having a 50% stake, was set up yesterday.
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