Category: Uncategorized

Bina Darulaman Bhd (BDB) and Lagenda Properties Bhd will construct affordable houses in Sungai Petani, Kedah, beginning in the second quarter of next year.

The project, known as Darulaman Lagenda, will be developed across 93.07 hectares (ha) and will include the construction of 2,500 affordable housing units.

The township will be developed by BDB Lagenda Sdn Bhd, a 50:50 joint venture company set up by BDB’s wholly-owned subsidiary BDB Land Sdn Bhd, and Lagenda Properties’ wholly-owned unit LPB Development Sdn Bhd.

BDB and Lagenda Properties inked the JV agreement in April this year to develop the township.

Darulaman Lagenda will have a gross development value (GDV) of about RM550 million, according to BDB president and group chief executive officer Faris Najhan Hashim.

Faris said that Phase 1 of the township development would consist of 282 units of affordable single-storey houses spread across 11.11ha, commanding a GDV of RM57.6 million.

The estimated selling price for the units is between RM180,000 and RM250,000, he said in a statement.

Phase 1 will take about two years to complete, following which, BDB Lagenda will commence construction on the next phases of the township development covering a total land area of 80.1ha.

The subsequent phases, according to Faris, would entail the construction of 2,212 units of single-storey terraced and cluster houses, with an estimated GDV of RM500 million.

Faris is confident with this development, citing the high demand for affordable housing in the Sungai Petani area which far outweighs the supply.

He hoped that through this JV partnership with Lagenda Properties, both parties would be able to offer first-time homebuyers an opportunity to purchase their own homes at affordable prices.

“We are still facing the Covid-19 pandemic crisis which has also affected the real estate market. We expect a surge in the property market performance in the fourth quarter of 2021 due to the initiatives taken by the government through the National Recovery Plan,” he said.

Meanwhile, Lagenda Properties managing director Datuk Jimmy Doh when contacted, said that the houses will costs 30 per cent cheaper than its neighbours in Sungei Petani.

“Our strength is that we are able to keep our cost low, and therefore sell lower than others,” he told NST Property.

NEW STRAITS TIMES | 1/10/2021

https://www.nst.com.my/property/2021/10/732619/darulaman-lagenda-rm550-million-township-kedah-set-begin-construction-next

KUALA LUMPUR (Sept 21): Bina Darulaman Bhd (BDB)’s joint venture (JV) with Menteri Besar Kedah Inc (MBI Kedah) has entered into a concession agreement for a mixed development of premium brand outlets, with boutique hotels and other amenities in Bandar Padang Mat Sirat, Langkawi.

BDBMBI Langkawi Ventures Sdn Bhd, an 80:20 JV between BDB and MBI Kedah, has inked the agreement with Langkawi Development Board (LADA), an agency under the Ministry of Finance for the development across 40.98 acres located on land owned by LADA.

The project comprises premium and duty-free outlets, tourism and culture village, retail and F&B outlets, as well as boutique hotels, all under an eco-friendly concept.

In a separate statement, BDB group chief executive officer and president Faris Najhan Hashim said Phases 1 and 2 of the project will involve gross development value (GDV) of RM817 million.

“Development of Phase 1 dubbed as ‘Malaysia Designer Outlet’ where local fashion outlets, fusion base restaurants with fine-dining concepts as well as coffee houses will be developed from October 2021 and completed by July 2022.

“This phase will also underline the construction of 37 business outlets across 4.07 acres,” the statement said.

The premium outlet, spanning 29 acres, forms part of Phase 2. Development for the outlet is expected to complete by March 2024, the statement added.

The development of all phases shall be completed within the time frame of seven years and consists of Malaysian designer outlet with F&B, premium designer outlet (A), parking lots (five-storey), premium designer outlet (B), commercial units and service roads, amenities and green areas, the filing said.

Earlier, Finance Minister Tengku Datuk Seri Zafrul Aziz said in a social media post that the commercial development is expected to add 1,500 job opportunities and prospects of new businesses for the surrounding community.

“This commercial development comprises premium outlets, business outlets, and recreational facilities for tourists and local communities.

“Among key attractions for this commercial hub is its environmentally-friendly concept and building structures with iconic Malay cultural designs,” Tengku Zafrul said in his Instagram post earlier.

LADA will grant the concession company BDBMBI exclusive possession and rights over the project site for a concession period spanning 30 years from May 1, 2021.

The concession fee is RM1.02 million annually for 28 years from May 1, 2023, which will be reviewed every five years with LADA’s right of increment at 2%-5% subject to the performance of the concession company.

Shares of BDB settled unchanged at 43.5 sen, valuing the property group with a market capitalisation of RM130.64 million.

The Edge Malaysia | 21 SEP 2021

https://www.theedgemarkets.com/article/bina-darulaman-inks-30year-concession-mof-agency-build-premium-outlets-hotels-langkawi?fbclid=IwAR2EyZkpR1927SIOLEkmE5mXY6_9Ssyg0SXzEZnhnAPnh7SAaU8fPi6vM14

KUALA LUMPUR (Dec 21): Kedah Construction (BDB, 6173, Main Board Property Unit) and Langkawi Development Authority (LADA) have signed a franchise agreement. development projects.

Relevant development projects will include high-end merchandise and duty-free shops, tourism and cultural villages, retail stores, restaurants, green spaces and boutique hotels, etc. It is expected to take 7 years, while BDBMBI has obtained the franchise for 30 years, starting from May this year. Effective from the 1st. From May 1, 2023, BDBMBI is required to pay LADA an annual franchise fee of RM1.02 million until the expiry of the aforementioned agreement.

BDBMBI is a joint venture between Kedah Construction and the Kedah State Minister’s Institution and was established to implement the above-mentioned development projects.

Kedah Construction closed unchanged at 43.5 sen on Tuesday.

ORIENTAL DAILY | 21/9/2021

https://www.orientaldaily.com.my/news/business/2021/09/21/439260

KUALA LUMPUR 21 Sept – BDBMBI Langkawi Ventures Sdn Bhd (BDBMBI), syarikat usahasama  di antara Bina Darulaman Berhad (BDB) dan Perbadanan Menteri Besar Kedah (MBI)  dengan kerjasama Lembaga Pembangunan Langkawi (LADA) bakal membangunkan  projek pembangunan komersial bersepadu di Langkawi. 

Ini meliputi ‘Premium Outlet’, outlet perniagaan, outlet makanan dan minuman (F&B) serta kemudahan rekreasi kepada para pelancong dan juga masyarakat setempat. 

Presiden dan Ketua Pegawai Eksekutif Kumpulan BDB, Faris Najhan Hashim berkata, projek berkenaan akan dibangunkan di kawasan seluas 40.975 ekar di Padang Matsirat  yang bersebelahan dengan Lapangan Terbang Antarabangsa Langkawi. 

Menurut Faris Najhan, projek tersebut dibahagikan kepada beberapa fasa dan BDBMBI  akan memfokuskan kepada pembangunan Fasa 1 dan 2 terlebih dahulu yang melibatkan nilai pembangunan kasar (GDV) berjumlah RM817 juta manakala baki fasa adalah untuk pembangunan pada masa hadapan. 

“Sejajar dengan hasrat kerajaan untuk membawa syarikat tempatan ke peringkat dunia, kualiti yang dihasilkan oleh syarikat pereka fesyen di sini nanti juga telah dikenali di Malaysia serta perkhidmatan F&B turut menepati standard antarabangsa. 

“Selain itu, terdapat juga perkhidmatan F&B yang mempersembahkan seni budaya Melayu di dalam unit outlet perniagaan di Fasa 1 bagi menghidupkan seni budaya Melayu supaya ‘Tak Lapok Dek Zaman’ melalui makanan, penampilan kakitangan serta persembahan budaya  khas kepada pelancong tempatan dan luar negara.  

 

“Di samping itu, dianggarkan hampir 100 peluang pekerjaan akan diwujudkan sekaligus membantu merancakkan lagi ekonomi penduduk setempat dan sehingga hari ini, hampir  90% usahawan di sekitar Langkawi serta Semenanjung Malaysia telah mengesahkan  penglibatan mereka dalam perniagaan di Fasa 1,” katanya dalam kenyataan di sini hari ini. 

Jelas beliau, keseluruhan pembangunan memfokuskan kepada konsep membeli belah yang dihiasi dengan kawasan hijau serta struktur bangunan yang melambangkan  kebudayaan ikonik Melayu. 

Pembangunan Fasa 1 dikenali sebagai ‘Malaysia Designer  Outlet’ di mana outlet-outlet fesyen tempatan, restoran-restoran masakan fusion berkonsepkan eksklusif atau ‘fine-dining’ serta ‘coffee house’ akan mula dibangunkan pada Oktober 2021 dan siap sepenuhnya pada Julai 2022. 

Fasa ini juga akan melibatkan pembinaan 37 unit outlet perniagaan yang di kawasan seluas 4.07 ekar. 

Terdahulu, Faris Najhan menghadiri Majlis Menandatangani Perjanjian Cadangan Pembangunan Langkawi Premium Outlet antara BDBMBI dan LADA yang disaksikan oleh  Menteri Kewangan, Tengku Datuk Seri Zafrul Abdul Aziz di Dewan  Hasil, Lembaga Hasil Dalam Negeri Malaysia, Pejabat Pengarah Negeri Wilayah Persekutuan Kuala Lumpur.

 

Turut hadir adalah Ketua Setiausaha Perbendaharaan, Datuk Asri Hamidon; Timbalan  Ketua Setiausaha Perbendaharaan (Pelaburan), Anis Rizana Mohd Zainudin; Pengerusi  Kumpulan BDB, Datuk Mohamed Sharil Tarmizi; Ketua Pegawai Eksekutif LADA,  Nasaruddin Abdul Muttalib dan Ketua Pegawai Eksekutif Menteri Besar Incorporated, Muhamad Sobri Osman. 

Untuk rekod, pada 20 November 2019, LADA telah menganugerahkan surat tawaran kepada BDB bagi membangunkan pembangunan komersial bersepadu di kawasan  seluas 24.27 ekar di Padang Matsirat, Langkawi. 

Enam bulan kemudian iaitu pada 6 Mei 2021, BDB ditawarkan surat tawaran yang telah dikemaskini untuk membangunkan kawasan yang lebih besar iaitu seluas 40.975 ekar. 

Jelas Faris Najhan lagi, Fasa 2 yang juga merupakan ‘jantung’ projek tersebut akan menyaksikan pembangunan ‘Premium Outlet’ di atas kawasan seluas 29 ekar yang akan  bermula pada Januari 2022 dan dijangka siap sepenuhnya menjelang Mac 2024. 

Ujarnya, Fasa 2 tersebut akan menyaksikan penawaran kepada lebih banyak jenama antarabangsa yang premium pada harga yang kompetitif sekaligus bakal menjadi  destinasi pelancongan dan tarikan terbaru di pulau peranginan ini. 

“BDBMBI juga yakin pembangunan Fasa 2 akan merancakkan lagi ekonomi di Langkawi dengan menawarkan hampir 1,400 peluang pekerjaan kepada penduduk Langkawi  khususnya dan penduduk Kedah amnya sekaligus membantu mengatasi masalah  pengangguran di negeri Kedah,” katanya.

DAGANG NEWS | 21/9/21

https://dagangnews.com/bdbmbi-bangunkan-projek-komersial-bersepadu-bernilai-rm817-juta-di-langkawi-9147