Sime Darby Property’s group managing director Datuk Azmir Merican said the partnership will serve as a vehicle to commercially develop affordable homes to provide greater access to homeownership for a wide range of customers.
In tandem with the group's current higher confirmed sales of RM289 million, Phillip Capital expects Lagenda's unbilled sales to climb and reach a record high of RM855.
As at Sept 30, 2023, unbilled sales amounted to RM855.
Net proceeds of RM50.
“Lagenda has a proven track record of delivering landed affordable housing with lifestyle facilities and our key projects have recorded take-up rates of above 90%.
Apex said house price-to-income ratio worsened, indicating rising prices and declining incomes.
The construction segment incurred a loss before tax of RM1.
These lands are strategically located within the proximity of multiple industrial parks and the region’s economic hub of Johor Bahru, being just 18 kilometres (km) away from Senai International Airport with its associated logistics and industrial hubs, and 39km away from Johor Bahru city centre.
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.
Lagenda Properties managing director Datuk Jimmy Doh said the group’s bookings and sales momentum continued to be healthy, with unbilled sales of RM653.
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