Izham: ‘We believe there are opportunities in the northern region.’

Developer says 85% of houses will be sold within ‘affordable’ range

PETALING JAYA: Bina Darulaman Bhd (BDB) is planning to launch more than 4,000 property units this year through its township and new project developments.

The property developer said that the total gross development value for its planned launches this year is estimated to be RM1.25bil, out of which 85% of the housing units will be sold within the affordable price range of RM500,000 and below.

The housing units would be built through BDB’s subsidiaries, namely BDB Land Sdn Bhd and BDB Kedah Holdings Sdn Bhd.

“We believe that there are opportunities in the northern region amid the bearish market sentiment.

“As long as the locations are strategic and the prices offered are affordable, it will result in strong demand,” said Izham, while adding that BDB did not set a specific sales growth target for 2017.

Two new townships will be launched by BDB Land namely the Darulaman Saujana in Jitra and Darulaman Putra in Sungai Petani. Meanwhile, KHSB will be developing its new projects in Pokok Sena, Serdang, Napoh, Kedah and Kuala Kangsar, Perak.

On whether BDB Land is interested in launching property development projects in Penang, Izham said that the company has no plans to venture into the market.

“Penang is a tough market, with scarce landbank. It would be difficult to offer affordable homes in Penang.

“We would prefer to emphasise on our projects in strategic locations where we can offer housing units at affordable prices,” he said.

BDB’s prior projects have focussed on property development within Kedah. Through KHSB, the group is planning to venture into other states, with its upcoming project in Kuala Kangsar to be the first.

Izham said that the group was open to purchasing more land and has set aside RM50mil for the purpose. He also hinted that the entity may venture into property development within Klang Valley.

BDB’s present landbank stands at 2,000 acres.

Since its inception in 1983, BDB Land has offered 9,394 property units, out of which 97% was within the affordable price range.

BDB’s controlling shareholder is the Kedah State Development Corp, with a 67.3% stake.

Shares of the company traded five sen higher to 71 sen at yesterday’s close

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