FELDA AND ENCORP ENTER INTO COLLABORATION FOR FELDA STAFF HOUSING PROJECT
PRESS STATEMENT / SIARAN AKHBAR (FOR IMMEDIATE RELEASE) FELDA AND ENCORP ENTER INTO COLLABORATION FOR... The post FELDA AND ENCORP ENTER INTO COLLABORATION FOR FELDA STAFF HOUSING PROJECT appeared first on Encorp Berhad .
Source: Encorp Berhad · August 2, 2026 at 10:56 PM · AI-assisted report
KUALA LUMPUR, 3 AUGUST 2026 —
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KUALA LUMPUR - Encorp Berhad, a Malaysian property development group, has entered into a collaboration with the Federal Land Development Authority (FELDA) to design and construct staff housing for FELDA employees. The partnership was formalized through a Memorandum of Understanding (MOU) signed on June 5, 2026, at Menara FELDA, with Dato' Dr. Suzana Idayu Wati binti Osman, Director-General of FELDA, and Encik Ahmad Harzimi bin Mohd Taib, Group Chief Executive Officer of Encorp Berhad, as signatories.
Market Impact
The history of FELDA dates back to 1956, when it was established to develop rural areas and provide economic opportunities for rural communities. Over the years, FELDA has played a significant role in Malaysia's economic development, particularly in the agriculture sector. The organization has also been involved in various initiatives to improve the living standards of its employees and the communities it serves. This latest collaboration with Encorp Berhad is a continuation of FELDA's efforts to enhance the well-being of its workforce. Encorp Berhad, on the other hand, has a established track record in delivering quality developments, including the successful completion of Phase 1 of Lamanda Chuping, which comprised 224 low- and medium-cost residential units for FELDA settlers.
Under the MOU, Encorp Berhad will act as the main contractor for the staff housing project, which will be undertaken on a design-and-built basis. The project aims to provide modern, well-planned, and quality residential environments for FELDA employees, with a focus on comfort, functionality, and conducive living environments. The collaboration is subject to the finalization of definitive agreements and relevant approvals. Encik Ahmad Harzimi bin Mohd Taib, Group Chief Executive Officer of Encorp Berhad, expressed his company's commitment to delivering high-quality residential environments that support the well-being and productivity of FELDA employees. Details of the project, including its scope, timeline, and budget, are not yet available.
The collaboration between FELDA and Encorp Berhad is expected to have a positive impact on the Malaysian property market, particularly in the affordable housing segment. The project is in line with the government's efforts to address the country's housing needs, especially for low- and middle-income households. Encorp Berhad's involvement in the project is also expected to boost the company's portfolio and contribute to its sustainable growth. As a listed company on the Main Market of Bursa Malaysia, Encorp Berhad is committed to delivering value to its shareholders while contributing to the country's economic development.
In terms of sector specifics, the collaboration between FELDA and Encorp Berhad is a significant development in the property construction sector. Encorp Berhad's expertise in construction and property development is expected to bring value to the project, while FELDA's experience in rural development and community engagement will ensure that the project meets the needs of its employees and the surrounding communities. The project is also expected to have a positive impact on the local economy, with potential spin-offs in terms of job creation and economic growth. Encorp Berhad's subsidiary, Encorp Development Sdn Bhd, has a proven track record in delivering quality developments, including the successful completion of Phase 1 of Lamanda Chuping in 2024.
The outlook for the project is positive, with both FELDA and Encorp Berhad committed to delivering high-quality residential environments that meet the needs of FELDA employees. The collaboration is a significant development in the Malaysian property market, particularly in the affordable housing segment. As the project progresses, it is expected to have a positive impact on the local economy and contribute to the country's economic development. With its established track record in delivering quality developments, Encorp Berhad is well-positioned to play a significant role in the project's success. Details of the project's progress and timeline will be made available as more information becomes available.
Related: Encorp Berhad · Menara FELDA · Dato' Dr. Suzana Idayu Wati binti Osman · Kuala Lumpur