First phase of the Darulaman Lagenda sold out, strong demand from ‘younger generations’

• Sales data indicated that 53% of purchasers were aged between 20 to 30 years old while 41% of buyers were from the 31 to 40 age group.

SUNGAI PETANI (Dec 16): Lagenda Properties Bhd’s first phase of the Darulaman Lagenda here was sold out just days after its launch.

Being developed in partnership with Bina Darulaman Bhd, the first phase comprising 282 units of affordable landed homes, saw “overwhelming support from the younger generations, with sales data indicating that 53% of purchasers were aged between 20 to 30 years old while 41% of buyers were from the 31 to 40 age group”, stated Lagenda Properties in a media release.

With prices starting from RM200,000, the landed homes have attractive features, while enjoying “seamless connectivity via the North South Expressway (PLUS), close proximity to healthcare facilities including Pantai Hospital Sungai Petani and Hospital Sultan Abdul Halim, an array of convenient super and hypermarkets, shopping malls, and being surrounded by educational institutions from preschool to secondary levels including, SK Sungai Lalang, SMK Aman Jaya and Regent International School, making it the perfect location for generational living”.

“Home ownership has been a constant challenge, and we see more and more people struggling to afford a home to call their own. This is why in developing our homes, we do our utmost to ensure that the lower to mid-level income groups can afford them. This is evident in the quick take-up for Phase 1 of Darulaman Lagenda and the demographics of our buyers,” said managing director of Lagenda Properties, Datuk Jimmy Doh.

“For example, 73% of our buyers were from Kedah and Pulau Pinang, 80% were government servants, and 97% were bumiputera. Given that Phase 1 sold out in less than a week, we are confident that we are making progress in at least mitigating somewhat the affordability crisis in the area,” he said.

“Darulaman Lagenda’s price point matches the affordability of the surrounding community as reflected by the high percentage from buyers from Kedah and Pulau Pinang. This affordability is further supported by government incentives and initiatives which also serve to motivate civil servants and young buyers to make long-term investments in the township,” added Doh.

Lagenda Properties “remains committed to its aim of launching at least one new township per year and is aggressively expanding its horizons to enable Malaysians to realise their homeownership dreams,” stated the developer.