Lagenda Properties Berhad engages primarily in property development, focusing on affordable housing and integrated townships for underserved communities in Malaysia. The company develops and sells residential properties including terrace houses, cluster homes, apartments and condominiums under brands such as Lagenda Ardea, Lagenda Suria, Darulaman Lagenda and Puncak Warisan; undertakes building construction contracts; trades building materials and hardware products; and provides property investment, management and other business management services. It operates through three main segments: property development, construction, and trading, with projects targeting first-time homebuyers and low- to middle-income households in secondary cities and growth corridors.
The company, incorporated in 2001 and headquartered in Petaling Jaya, Malaysia, functions as a subsidiary of Lagenda Land Sdn Bhd and lists on the Main Market of Bursa Malaysia under ticker 7179.KL. Formerly known as D.B.E. Gurney Resources Berhad, it pivoted to real estate in recent years, establishing its affordable housing focus since 2018 with initial launches in Sitiawan, Perak. Operations span six states including Perak, Selangor, Johor, Kedah, Pahang and Negri Sembilan, supported by a landbank of over 5,200 acres boasting an estimated gross development value of RM13.5 billion.
Recent developments include a January 2024 joint venture with Sime Darby Property's Seed Homes Sdn Bhd to develop over 3,000 affordable homes on 249 acres in Gurun, Kedah; a May 2024 acquisition of three land plots in Kedah from Hock Lean Rubber Estate Sdn Bhd for additional affordable housing, expected to complete by early 2025; and a 2025 purchase of 138.17 acres in Senawang, Negri Sembilan to expand its pipeline. In 2025, Lagenda launched the first phase of its 1,000-acre township in Kulai, Johor, eyes opportunities in special economic zones like Johor-Singapore SEZ, and targets 30% sales growth to RM1.5 billion for the financial year with expansions into Sabah and Sarawak under consideration. These moves, alongside 6.8% revenue growth and record quarterly sales of RM413 million in the first half of 2025, underscore its strategy to scale affordable township developments nationwide.