Lagenda Properties Berhad has entered into a development joint venture with Kumpulan Hartanah Selangor Berhad a wholly-owned subsidiary of the Selangor State Government, to develop 191 acres of the plot for affordable homes in Bernam Jaya, Selangor.
The project will turn the land into an affordable township with over 2,000 units of affordable landed homes that are priced at below RM250,000. The development is located about 75 kilometres away from the Kuala Lumpur city centre and is expected to be easily accessible via the North-South Expressway.
The group added the township is expected to significantly boost the socio-economic growth of the Selangor northern corridor via the development’s affordable and sustainable agenda.
After winning a competitive selection process carried out by KHSB, the Bernam Jaya development will be Lagenda’s first foray into Selangor and will mark the Group’s presence in other states within Malaysia after Perak, Kedah, Johor, and Pahang. Lagenda says it remains committed to its aim of launching at least one new township per year and has expanded since its 2500 units development of affordable homes in Kedah in addition to the over 16,000 units of affordable homes launched in Perak thus far.
Lagenda targets to launch the Bernam Jaya township by the 4th Quarter of 2022
