Lagenda Properties starts a new affordable housing development project

LAGENDA Properties Bhd, a wholly-owned subsidiary of Taraf Nusantara Sdn Bhd, entered into a joint development and shareholders agreement with Tenaga Danawa Sdn Bhd (TDSB) to embark on an affordable housing development project in Mukim Batang Padang, Tapah.

The project will be on four parcels of land measuring approximately 229.73 acres, comprising 1,374 single-storey terrace houses and 264 double-storey shop houses, developed together with an office building.

Meanwhile, TDSB will construct the office building and procure the state’s approval to relocate its government agencies’ offices to the office buildings within the land area.

Earlier in August, Lagenda acquired a 623-acre land in Tapah from UEM Sunrise Bhd for the development of affordable housing, which is located next to the new development’s land area.

Combined together, Lagenda has a total development area of 853 acres.

“With the relocation of the government agencies’ offices, we strongly believe that it will further enhance the potential and increase demand for both our development in the land area and UEM Tapah Land,” Lagenda Properties Bhd managing director Doh Jee Ming.

“These development projects strongly reflect the existing demand for affordable housing among consumers despite these challenging times,” he added.

The development is targeted to commence early next year and is aimed for completion in 2026. – Sept 24, 2020

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