Lagenda Properties Berhad is a Malaysia-based investment holding company

 

Lagenda Properties Berhad is a Malaysia-based investment holding company. The Company is an affordable housing and integrated township developer. The Company’s segment includes Property development, Construction, and Trading. The Property development segment is engaged in property development. The Construction segment is engaged in building construction. The Trading segment is engaged in the trading of building materials and hardware. It focuses on developing townships which offer community-based facilities and public amenities. Its two affordable housing township projects are Bandar Baru Setia Awan Perdana in Sitiawan, Perak and Lagenda Teluk Intan in Teluk Intan, Perak. Its townships provide facilities and amenities, such as a clubhouse, swimming pool, gymnasium, futsal courts, multipurpose hall, football fields and badminton courts. The Company’s subsidiaries include LPB Construction Sdn. Bhd., Blossom Eastland Sdn. Bhd., Rantau Urusan (M) Sdn. Bhd., and Yik Wang Trading Sdn. Bhd.

https://www.cnbc.com/quotes/LAGE-MY

How Lagenda Properties is Shaping Affordable Housing

 

Lagenda Properties was founded in the year 2016 and has grown to become a reliable company in the Malaysian real estate sector in providing affordable housing for the country. Listed in the Main Market of Bursa Malaysia Securities Berhad, embraces its corporate mission to build self-sustainable townships with an emphasis on the provision of facilities and amenities for the use of the public. This not only satisfies the housing requirements of the homebuyers that include the B40 and M40 categories of income groups but also creates ownership among the residents. The current investigation of Lagenda Properties by the Malaysian Anti-Corruption Commission (MACC) has put a focus on the company’s activities and ethical practices in the terrain of property development. It is important to note that these investigations are serious, they are aimed at a greater cause of ensuring accountability and transparency in the sector. They have always sought to uphold the highest ethical standards and this is demonstrated by their commitment to responsible land banking practices, and sustainable development strategies.

https://www.wattpad.com/story/384729902-how-lagenda-properties-is-shaping-affordable

Lagenda Properties Experiences Slowdown In Property Sales

 

Affordable housing and integrated township developer Lagenda Properties’ first quarter financial results come with revenue easing 16% to RM192.8 million and profit after tax moderated by 15% to RM47 million when compared to the corresponding quarter of the preceding financial year.

Confirmed sales are RM144.6 million were comparable to the corresponding period of the preceding year, with growth expected over the upcoming quarters with new launches and natural cyclical pick-up. It added that bookings and unbilled sales remained healthy at RM341.4 million and RM604.8 million.

Despite the underwhelming performance, the group remains confident and is gearing up for increased activities in the remaining quarters of the year with plans to launch several new projects including new phases in Lagenda Teluk Intan, Lagenda Tapah and the maiden launch of its Sungai Petani township which marks the Group’s first foray to expand beyond Perak.

Managing Director of Lagenda, Dato’ Jimmy Doh“Confirmed sales grew month-on-month from January to March 2022 as lockdown eased, and we anticipate this momentum to continue into the second quarter of the year based on encouraging activities witnessed in April 2022, coupled with forthcoming launches over the next few months.

For this financial year, Lagenda is planning to launch nearly 6,000 homes with GDV of approximately RM1 billion including maiden launches outside Perak, with Kedah coming on stream soon. The group says its joint venture with Inta Bina Group Berhad will further expedite its project roll-out.

Dato Jimmy reiterated that the strong balance sheet with a low net gearing ratio of 0.03 times positions the group well for further land banking activities. He confirmed the group is currently in negotiations and is targeting to acquire additional landbank this year to widen its footprint to achieve target of being the Nationwide Affordable Housing Developer.

https://www.businesstoday.com.my/2022/05/23/lagenda-properties-experiences-slowdown-in-properties-sales/

How Lagenda Properties is Shaping Affordable Housing in Malaysia

 

Lagenda Properties was founded in the year 2016 and has grown to become a reliable company in the Malaysian real estate sector in providing affordable housing for the country. Listed in the Main Market of Bursa Malaysia Securities Berhad, embraces its corporate mission to build self-sustainable townships with an emphasis on the provision of facilities and amenities for the use of the public. This not only satisfies the housing requirements of the homebuyers that include the B40 and M40 categories of income groups but also creates ownership among the residents.

The current investigation of Lagenda Properties by the Malaysian Anti-Corruption Commission (MACC) has put a focus on the company’s activities and ethical practices in the terrain of property development. It is important to note that these investigations are serious, they are aimed at a greater cause of ensuring accountability and transparency in the sector. They have always sought to uphold the highest ethical standards and this is demonstrated by their commitment to responsible land banking practices, and sustainable development strategies.

Following the probe into Lagenda Properties, the firm has pledged its readiness to assist the MACC to the fullest extent. This initiative, proactivity in other words, illustrates openness and strengthens stakeholders, investors, and homebuyers’ trust in the brand. Given the high level of professionalism required in the real estate industry, the focus on ethical behaviour and compliance with the law is very important.

The company has distinguished itself from its rivals due to its creative strategies in the provision of low-cost housing. To ensure that residents are catered for in terms of key services like schools, healthcare centers, and recreational areas, the firm constructs self-sustaining towns. By improving the quality of life for its residents, this all-inclusive community development framework aims to attract prospective homeowners.

With ongoing projects in Perak, Kedah, Pahang, Johor, and Selangor, they are well-positioned to contribute significantly to the affordable housing landscape in Malaysia. The company’s deliberate land banking strategies allow it to launch new townships at a steady pace, with plans to introduce at least one new development each year. This growth strategy not only supports the demand for affordable housing but also aligns with the government’s initiatives to provide housing solutions for low- and middle-income families.

From Affordable Townships to CSR Excellence: The Rise of Lagenda Properties

 

Lagenda Properties has grown to be a prestigious name in Malaysia’s property development industry. Renowned for its primary objective of creating cost-effective townships, the company has also made a name through effective corporate social responsibility programs. Combining affordability, sustainability, and community-driven development, they continue to leave a significant mark on the industry.

Building Affordable Townships

The primary housing philosophy of Legenda Properties is anchored on the vision of promoting homeownership among more Malaysians. Each one of the company’s townships is practical and comfortable for individuals and families who are looking for quality landscaped housing without breaking the bank. 

Housing developments such as Bandar Baru Setia Awan Perdana and Lagenda Teluk Intan are testimony to this vision. These are not just homes; rather they are active community units filled with modern-day facilities, open spaces and structures that advocate for better living conditions.

CSR Excellence

More than just constructing properties, Lagenda Properties has made it a priority to engage in CSR activities. The company’s action revolves predominantly towards empowerment and social development programs, homeownership schemes as well as environmental sustainability efforts. From helping the less fortunate to providing a platform for local businesses, they actively participate in looking after the well-being of society.

This approach has allowed the company to win awards like the StarProperty Most Heart-Warming CSR Initiative Award, in addition to the PropertyGuru Asia Awards Malaysia Special Recognition for CSR. These awards serve to reinforce their resolve to ensure that affordable housing is available to all that need it, while also offering more to the areas that they operate in.

The achievements showcase the level of commitment to offering quality housing solutions, addressing national development objectives, and exceptional standards in corporate governance.

Sustainability and ESG Initiatives

Apart from cost and CSR, Lagenda Properties also strongly adheres to the environmental, social and governance principles. Sustainability, in this case, has earned the company a Special Recognition in ESG at the PropertyGuru Asia Awards Malaysia. The company further pursues the implementation of its eco-friendly initiatives in all its development projects to ensure that such projects are not only within reach but also sustainable.

Pioneering a New Era in Property Development

The testament of Lagenda Properties exemplifies the company’s moulding commitment towards pioneering development, community building and sustainable construction. The firm goes further to provide exceptional performance in property development by establishing low-cost townships, advocating for CSR and winning awards in the particular industry.

When it comes to the future, they have not wavered into resolve to make a positive difference and help construct sustainable communities. This process however is not simply building houses; it’s one of creating legacies for the future.

Lagenda Properties’ Senior Personnel Detained By MACC, Stock Plummets

 

Lagenda Properties Berhad today broke the news that its senior executives were detained by the Anti-Corruption Commission (MACC).

As a result, it faced huge selling pressure on Bursa Malaysia. Less than half an hour after the market opened, the stock price plunged to the limit level, and intraday short selling (IDSS) was also suspended.

Lagenda Properties plummeted as soon as the market opened this morning. Before 9:30, it fell to the limit level of RM1.17 and remained until the close of the market. Compared with yesterday’s closing price of RM1.66, Lagenda Properties plunged 49 sen or 29.52% throughout the day, with a trading volume of 29.2685 million shares.

The company ranked third in the list of Malaysian stock decliners today.

As the stock price plummeted, Bursa Malaysia not only suspended Lagenda Properties’ intraday short selling activities, but also issued an unusual trading activity (UMA) query to the company.

As of the close of the market, Lagenda Properties has not responded to Bursa’s UMA query, but revealed to investment bank analysts that one of the company’s senior executives was detained by the Anti-Corruption Commission to assist in the investigation of a case of dividing Malay reserved land in Manjung District, Perak.

Lagenda Properties’ head of investment and investor relations, Jasrinderjit Singh Dhillon, emphasised in an analyst briefing that the company’s business as a property developer will continue to operate normally.

The true identity of the detained senior executive was not revealed; however, it was reported that Lagenda Properties’ executive director Andy Chua Seng Hooi would be taking over leadership for now.

https://www.businesstoday.com.my/2024/05/29/lagenda-properties-senior-personnel-detained-by-macc-stock-plummets/

Lagenda Properties Berhad

 

We are listed on the Main Market of Bursa Malaysia Securities Berhad and started our journey in affordable housing development in early 2018 focusing on our main core expertise of developing self-sustainable townships, prioritising community-based facilities & public amenities that meets the needs of most Malaysian home buyers that fall into the B40 and the M40 income groups.

Our goal is to build economical & affordable homes while our long-term objective is to become a sustainable developer in Malaysia.

Our current two major affordable housing township projects are Bandar Baru Setia Awan Perdana in Sitiawan, Perak and Lagenda Teluk Intan in Teluk Intan, Perak which has a combined development area of 2,000 acres and 20,000 affordable homes.

Moving forward, we envisage to expand and continuously increase our market presence in the affordable housing segment and become one of the most formidable affordable housing developer in the country.

https://theorg.com/org/lagenda-properties-berhad-reg-no-200101000008-535763-a

Lagenda Properties Bhd

 

Lagenda Properties Berhad is a Malaysia-based investment holding company. The Company is an affordable housing and integrated township developer. The Company’s segment includes Property development, Construction, and Trading. The Property development segment is engaged in property development. The Construction segment is engaged in building construction. The Trading segment is engaged in the trading of building materials and hardware. It focuses on developing townships which offer community-based facilities and public amenities. Its two affordable housing township projects are Bandar Baru Setia Awan Perdana in Sitiawan, Perak and Lagenda Teluk Intan in Teluk Intan, Perak. Its townships provide facilities and amenities, such as a clubhouse, swimming pool, gymnasium, futsal courts, multipurpose hall, football fields and badminton courts. The Company’s subsidiaries include LPB Construction Sdn. Bhd., Blossom Eastland Sdn. Bhd., Rantau Urusan (M) Sdn. Bhd., and Yik Wang Trading Sdn. Bhd.

https://www.cnbc.com/quotes/LAGE-MY

Lagenda Properties Bhd, LAGENDA:KLS profile - FT.com

 

Lagenda Properties Berhad is a Malaysia-based investment holding company. The Company is an affordable housing and integrated township developer. The Company’s segment includes Property development, Construction, and Trading. The Property development segment is engaged in property development. The Construction segment is engaged in building construction. The Trading segment is engaged in the trading of building materials and hardware. It focuses on developing townships which offer community-based facilities and public amenities. Its two affordable housing township projects are Bandar Baru Setia Awan Perdana in Sitiawan, Perak and Lagenda Teluk Intan in Teluk Intan, Perak. Its townships provide facilities and amenities, such as a clubhouse, swimming pool, gymnasium, futsal courts, multipurpose hall, football fields and badminton courts. The Company’s subsidiaries include LPB Construction Sdn. Bhd., Blossom Eastland Sdn. Bhd., Rantau Urusan (M) Sdn. Bhd., and Yik Wang Trading Sdn. Bhd.

https://markets.ft.com/data/equities/tearsheet/profile?s=LAGENDA:KLS

Lagenda Properties beli tiga bidang tanah di Kedah

 

Lagenda Properties Berhad is a Malaysia-based investment holding company. The Company is an affordable housing and integrated township developer. The Company’s segment includes Property development, Construction, and Trading. The Property development segment is engaged in property development. The Construction segment is engaged in building construction. The Trading segment is engaged in the trading of building materials and hardware. It focuses on developing townships which offer community-based facilities and public amenities. Its two affordable housing township projects are Bandar Baru Setia Awan Perdana in Sitiawan, Perak and Lagenda Teluk Intan in Teluk Intan, Perak. Its townships provide facilities and amenities, such as a clubhouse, swimming pool, gymnasium, futsal courts, multipurpose hall, football fields and badminton courts. The Company’s subsidiaries include LPB Construction Sdn. Bhd., Blossom Eastland Sdn. Bhd., Rantau Urusan (M) Sdn. Bhd., and Yik Wang Trading Sdn. Bhd.

https://www.marketscreener.com/quote/stock/LAGENDA-PROPERTIES-20700582/company/

How Lagenda Properties is Shaping Affordable Housing in Malaysia

 

Lagenda Properties was founded in the year 2016 and has grown to become a reliable company in the Malaysian real estate sector in providing affordable housing for the country. Listed in the Main Market of Bursa Malaysia Securities Berhad, embraces its corporate mission to build self-sustainable townships with an emphasis on the provision of facilities and amenities for the use of the public. This not only satisfies the housing requirements of the homebuyers that include the B40 and M40 categories of income groups but also creates ownership among the residents.

The current investigation of Lagenda Properties by the Malaysian Anti-Corruption Commission (MACC) has put a focus on the company’s activities and ethical practices in the terrain of property development. It is important to note that these investigations are serious, they are aimed at a greater cause of ensuring accountability and transparency in the sector. They have always sought to uphold the highest ethical standards and this is demonstrated by their commitment to responsible land banking practices, and sustainable development strategies.

Following the probe into Lagenda Properties, the firm has pledged its readiness to assist the MACC to the fullest extent. This initiative, proactivity in other words, illustrates openness and strengthens stakeholders, investors, and homebuyers’ trust in the brand. Given the high level of professionalism required in the real estate industry, the focus on ethical behaviour and compliance with the law is very important.

The company has distinguished itself from its rivals due to its creative strategies in the provision of low-cost housing. To ensure that residents are catered for in terms of key services like schools, healthcare centers, and recreational areas, the firm constructs self-sustaining towns. By improving the quality of life for its residents, this all-inclusive community development framework aims to attract prospective homeowners.

With ongoing projects in Perak, Kedah, Pahang, Johor, and Selangor, they are well-positioned to contribute significantly to the affordable housing landscape in Malaysia. The company’s deliberate land banking strategies allow it to launch new townships at a steady pace, with plans to introduce at least one new development each year. This growth strategy not only supports the demand for affordable housing but also aligns with the government’s initiatives to provide housing solutions for low- and middle-income families.

With active projects in Perak, Kedah, Pahang, Johor, and Selangor, they are effectively in a position to make meaningful contributions to the affordable housing sector in Malaysia. The company’s strategic land banking methods enable it to launch new townships at a steady pace, with plans to introduce at least one new development each and every year. This approach to growth aids in the quest for affordable residential real estate while at the same time resonates with government efforts to provide housing solutions for the lower and middle classes..

The affairs of Lagenda Properties together with MACC are a case in point of how integrity is paramount in conducting business within the confines of the real estate sector. As the company is developing and broadening its reach over the entire country, it promises to adhere to the high virtues in all its work. In addition to being a top constructor of low-cost homes, they want to earn the community’s trust as a reliable partner by emphasizing transparency and working closely with regulatory authorities.

In conclusion, Lagenda Properties is innovating the future of affordable housing in Malaysia through its innovative approach, dedication to sustainability, and focus on community development. The firm’s ongoing commitment to carry out its operations in an ethically practices and transparent manner will surely ensure that it remains at the very top of the real estate industry over the long run to the advantage of Malaysian homebuyers for many years to come.