Lagenda Properties' Subsidiary Enters RM85m Development Rights Agreement for Johor Land Development
Lagenda Properties' Subsidiary Enters RM85m Development Rights Agreement for Johor Land Development
Lagenda Properties Berhad's subsidiary, Opti Vega Sdn Bhd (OVSB), has entered into a development rights agreement (DRA) with Intact Corporate Approach Sdn Bhd (ICA) to undertake the development of a land in Mukim Ulu Sungai Selangor, Johor, measuring approximately 112.024 acres.
Lagenda Properties Berhad的子公司Opti Vega Sdn Bhd（OVSB）已與Intact Corporate Approach Sdn Bhd（ICA）簽訂了開發權協議（DRA），在柔佛州雪蘭莪州穆基姆·烏魯雙溪開發一塊佔地約112.024英畝。
The total cash consideration for the DRA is RM85.38 million.
DRA的總現金對價爲8,538萬令吉。
The land is strategically located near Kulai and is planned for a mixed development of landed residential and commercial units with an estimated gross development value of RM576 million.
該土地地理位置優越，靠近古來，計劃對有地住宅和商業單元進行混合開發，估計總開發價值爲 RM576 百萬加元。
Additionally, OVSB has been granted an exclusive option for the future development, covering 138.99 acres, with a fixed consideration of RM99.62 million.
此外，OVSB已獲得未來開發的獨家選擇權，佔地138.99英畝，固定對價爲9962萬令吉。
The developer aims to launch the future development immediately or within a short period upon exercising the option.
開發商的目標是立即或在行使期權後的短時間內啓動未來的開發。
The proposed DRA aligns with Lagenda Properties' strategic plan to leverage its strengths in property development and construction, providing a quick turnaround and competitive pricing strategy.
擬議的DRA符合Lagenda Properties的戰略計劃，旨在利用其在房地產開發和建設方面的優勢，提供快速的週轉和有競爭力的定價策略。
The board expects the proposed DRA to be completed in 2024, subject to fulfilling all conditions precedent.
董事會預計，擬議的DRA將在2024年完成，前提是滿足所有先決條件。