Sime Darby, Lagenda in affordable housing tie-up

Seed Homes is a new portfolio under Sime Darby Property aimed to deliver innovative solutions in the affordable homes segment.

PETALING JAYA: Sime Darby Property Bhd, through its wholly-owned subsidiary Seed Homes Sdn Bhd, has signed a shareholders’ agreement with Lagenda Properties Bhd to set up Seed Homes Lagenda, a 50:50 joint venture (JV) to develop affordable homes.

In a joint statement, the parties said the Seed Homes is a new portfolio under Sime Darby Property aimed to deliver innovative solutions in the affordable homes segment.