Lagenda Properties is one of Malaysia’s top affordable housing developers. This real estate company recently made headlines in a probe initiated by the Malaysian Anti-Corruption Commission. Hence, the question of corporate governance and compliance by the company has arisen. While the investigation was ongoing, it affirmed its commitment to transparency and addressing issues raised by relevant stakeholders.
While the MACC investigation into Lagenda Properties is a weighty investigation by itself, it does give the company a chance to further consolidate its stand in ethical practice and corporate governance. Transparency, full cooperation with the authorities, and putting priority on its mission of providing affordable housing are measures that will see Lagenda Properties wade through this and emerge even stronger from it.
For the stakeholders, this period now is a reaffirmation of the values of the company and its abiding commitment to the nation’s housing needs. It remains a vital player in making property development happen in the country while continuing to address concerns and work towards building trust.