News about Lagenda Properties

The exchange has also asked the company to explain the unusual market activity following the sharp decline in its share price.

Local media reported on Tuesday that a managing director of a real estate company was remanded by the anti-graft body for four days to assist in an investigation concerning the subdivision of Malay reserve land in Manjung, Perak.

UOB KayHian said that based on 2023 National Property Information Centre data, 53% of residential transactions in Malaysia involved houses priced at less than RM300,000, with Perak, Selangor, Johor, Kedah and Pahang being the key contributors.

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.