Bina Darulaman launches two projects in Kedah with RM2.6 billion GDV

PETALING JAYA: Bina Darulaman Bhd (BDB) has launched two integrated township projects in Kedah with an estimated combined gross development value of RM2.6 billion.
The projects, dubbed Darulaman Saujana in Jitra and Darulaman Putra in Sungai Petani, are expected to be completed in 10 years.
The group said these integrated townships will add a vibrancy in the Northern corridor and is set to catalyse a new wave of interest in properties in the region.
The 203-acre Darulaman Saujana project, carrying RM1 billion GDV, is slated for launch at the end of 2017. It consists of statutory housing, townhouses, link houses, semi-dees and bungalow lots, with total 1,500 units.
Units are expected to be priced from RM45,000 to RM200,000 for statutory housing and RM150,000 to RM650,000 onwards for open market housing.
Meanwhile, spanning across 232 acres, the Darulaman Putra project will have 1,620 units in total, comprising statutory housing, link houses, semi dees, bungalows and condominium units, with selling prices from RM300,000 to RM1 million. The GDV for the project is RM1.6 billion.
BDB shares were unchanged at 65.5 sen on some 32,000 shares traded, giving it a market capitalisation of RM199.03 million