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- ENRA Group said the proposed joint venture allows the company to access and develop the land without a full upfront acquisition, thereby reducing capital outlay while sharing the project’s upside.
KUALA LUMPUR (Jan 2): ENRA Group Bhd's unit Hamptons Homes Sdn Bhd (HHSB) entered into two unincorporated joint venture agreements with Entire Role Sdn Bhd (ERSB) to develop residential double-storey medium cost terrace houses on 2.19 hectares of land in Kulai, Johor with estimated gross development value of RM101.26 million.
It said in a Bursa Malaysia filing on Friday that the proposed joint venture is expected to commence in the first quarter of 2026 and each phase is to be implemented over a 36-month period.
ENRA Group said the proposed joint venture allows the company to access and develop the land without a full upfront acquisition, thereby reducing capital outlay while sharing the project’s upside.
“It enables the group to leverage ERSB’s land bank and its own development expertise to enhance profitability and accelerate project delivery.
“The collaboration also supports the strategic expansion of the group’s land portfolio and strengthens its position in the property sector, creating potential long-term value for shareholders,” it said.
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