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Nadia Razak

Affordable Home Ownership Is Key to Nation Building

The importance of adequate affordable homes facilitates labour mobility within a country making it a critical factor to the overall health of the economy The right to adequate, affordable housing has been recognised internationally as a basic human need and a central dimension of well-being. In Malaysia as well, the ongoing full stamp duty exemption on first residential homes below RM500,000 as well as the approval for the construction of 67,944 affordable units this year, just in the Federal Territories alone, reflect first time home buyers’ need for support, the government’s commitment to the lower income group and recognition of the importance affordable housing in nation building. However, despite the obvious demand for affordable housing, market forces including rising living costs, interest rates, as well as spikes in material and commodity costs, are hampering the ability to supply affordable homes. In addition to factors such as access to leisure, environmental quality, levels ...
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Nadia Razak

Enriching Lagenda’s Affordable Living Townships With Quality Recreational Parks

Lagenda Properties Berhad inks 10-year partnership with Sim Leisure Group to design and construct leisure spaces for residents Affordable housing and integrated township developer, Lagenda Properties Berhad (“Lagenda”), recently entered into a 10-year partnership with ESCAPE brand creator, Sim Leisure Group Ltd, an internationally renowned theme park designer and operator, and the owner of ESCAPE Penang - famed for having the longest water slide in the world. The partnership in principle revolves around the design, construction and operation of recreational parks by Sim Leisure Group within the existing and future affordable township developments of Lagenda with the aim of elevating leisure areas with exciting and family friendly attractions. Through this collaborative effort, Lagenda aims to optimise green spaces within its current and future townships beyond the standard park and playground set-up, instilling a sense of pride and vibrancy amongst homeowners. This is in line with the ...
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