SITIAWAN (Sept 21): Lagenda Properties Bhd's (formerly known as DBE Gurney Resources Bhd) wholly-owned subsidiary Taraf Nusantara Sdn Bhd (TNSB) has signed a joint-venture (JV) agreement with Tenaga Danawa Sdn Bhd (TDSB), a unit of Majuperak Holdings Bhd, to embark on an affordable housing project in Tapah.
Located at Mukim Batang Padang in Tapah, the development will be built on four parcels of land measuring 229.73 acres (92.97ha).
The development will comprise 1,374 single-storey terrace houses and 264 double-storey shophouses with an office building. TDSB plans to construct the office building and procure the state approval to relocate its government agency offices to the office building within the four parcels of land.
Lagenda managing director Datuk Jimmy Doh Jee Ming said in a press release: “With the relocation of the government agency offices, we strongly believe that it will further enhance the potential and demand for both our developments [in Tapah]. These development projects strongly reflect existing demand for affordable housing among consumers despite these challenging times.”
“It is also aligned with our mission to continue providing affordable homes for Malaysians. We look forward to working with Majuperak and hope to be involved in more affordable housing projects in near future,” he added.
The land, which is currently vacant, is also strategically located near developed areas such as Bandar Baru Tapah and Universiti Teknologi MARA’s Seri Iskandar campus.
Meanwhile, Lagenda also acquired 623 acres of land from UEM Sunrise Bhd located just next to the 229.73-acre land in Tapah last month. Altogether, Lagenda will have a combined total development area of 853 acres.
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