Lagenda Properties partners KHSB to build affordable homes in Selangor

KUALA LUMPUR: Lagenda Properties Berhad’s wholly-owned subsidiary, Blossom Eastland Sdn Bhd, has entered into a development joint venture with Kumpulan Hartanah Selangor Bhd (KHSB), a wholly-owned subsidiary of the Selangor State Government, to develop a 191 acres plot of development land located in Bernam Jaya, Selangor.

In a filing with Bursa Malaysia, Lagenda said it aimed 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 township is expected to significantly boost the socio-economic growth of the Selangor northern corridor via the development’s affordable and sustainable agenda.

Lagenda Properties managing director Datuk Jimmy Doh said the joint venture is a crucial step towards cementing its reputation as being at the forefront of affordable housing.

“Our continued growth through establishing partnerships with like-minded organisations enables us to provide everyone with an opportunity to own their own home,” he added.

It plans to launch the Bernam Jaya township by the fourth quarter of 2023.