KUALA LUMPUR (July 20): Bina Darulaman Bhd (BDB) has unveiled two upcoming integrated township developments in Kedah worth a total of RM2.6 billion in gross development value.

BDB group managing director Datuk Izham Yusoff said the two projects — Darulaman Saujana in Jitra and Darulaman Putra in Sungai Petani — is expected to be launched by its wholly-owned BDB Land Sdn Bhd this year, to be developed over the next 10 years.

"Through these developments, BDB is responding to market demand for spaces that offer sociability and a lifestyle element beyond homes," Izham told reporters after launching the two large scale projects here today, in conjunction with BDB's Hari Raya Open House.

The two new developments, Izham added, is set to catalyse a new wave of interest in properties in the northern region, said Izham.

Darulaman Saujana is a residential township with RM1 billion GDV, spread across 203 acres of land.

The township will have 1,500 residential units comprising statutory housing, townhouses, link houses, semi-dees and bungalow lots, said Izham.

The statutory housing will be priced between RM45,000 per unit and RM200,00 per unit, while the open market housing category will be priced from RM150,000 per unit and RM650,000 onwards.

As for Darulaman Putra, Izham said the development will sit on 232 acres of land, and is expected to garner RM 1.6 billion in GDV. The township will have 1,620 residential units, comprising statutory housing, link houses, semi dees, bungalows and condominiums.

Izham said the open market units are expected to be priced between RM300,000 and RM1 million.

"Today’s buyer wants the utopian lifestyle. If we want to bring a renewed interest in the Northern region and catalyse an economic boom, we need to draw a pool of home buyers to a self-sustaining hub that is supported by amenities such as public transportation, high speed internet access and lifestyle facilities which go beyond just providing food and beverage outlets," he added.

Shares in Bina Darulaman, which is controlled by the Kedah government, closed uchanged at 66 sen today, for a market capitalisation of RM200.54 million. — theedgemarkets.com

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