LAGENDA PROPERTIES BERHAD (LAGENDA)

Lagenda Properties: Malaysia's Affordable Township Champion

Forget the image of luxury condominiums and sky-high price tags. Lagenda Properties Berhad (LAGENDA, 7179) operates in an entirely different arena — they build homes for Malaysia's B40 and M40 households, ordinary families whose first dream is owning a home they can actually afford.

Originally listed as D.B.E. Gurney Resources Berhad, the company underwent a complete business transformation starting in 2018 when it pivoted to affordable township development. In under a decade, Lagenda has gone from a near-unknown entity to the most prominent name in Malaysia's affordable landed township segment.

Business Model: More Than Just Selling Houses

What makes Lagenda distinctive is their integrated township concept. They don't just build houses and sell them — they build complete communities. A typical Lagenda township includes:

• Landed terrace houses and semi-detached homes priced RM200,000 to RM500,000
• Schools and educational facilities within the township
• Clinics and healthcare access points
• Commercial zones, retail shops, and F&B
• Playgrounds, parks, and green spaces

This isn't just a marketing strategy — it's the primary reason Lagenda buyers remain loyal. When you buy a Lagenda home, you're buying into an ecosystem, not just a unit.

Geographic Expansion: Perak to 6 States

Lagenda started in Perak — specifically around the Teluk Intan area — where they proved out their business model. Early projects like Taman Desa Harmoni and Taman Bemban Indah built the foundation of buyer trust that underpins everything since.

After proving success in Perak, they expanded aggressively:

• Perak — Home base, still highly active
• Johor — Entered in recent years
• Selangor — Large market, high demand
• Pahang — More recent expansion
• Kedah — FY2026 launch (Sungai Petani)
• Negeri Sembilan — FY2026 launch (Senawang)

With two new township launches planned for FY2026, Lagenda is on track to become the most geographically active affordable township developer in Malaysia.

Shariah Compliant Status ✅

Lagenda Properties is a confirmed Shariah-compliant stock. Muslim investors can participate with confidence that the company meets Islamic finance screening criteria.

Who Controls Lagenda?

Lagenda is founder-controlled through several corporate vehicles:

• Lagenda Land Sdn Bhd — Primary shareholder
• Doh Capital Sdn Bhd — Founder-linked entity
• Doh Properties Holdings Sdn Bhd — Related holding entity

This structure means management and founders have significant skin in the game — their business decisions directly impact their own wealth. This alignment of interests is generally positive for minority shareholders.

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