LBS Going On Strong

January 9, 2018 | By | Reply More

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LBS Bina Group Berhad gained approximately RM1.4 billion (bn) in sales for the year 2017, which is a 15% increase compared to 2016. This achievement backed up the Group’s confidence on maintaining its steady momentum throughout 2018, putting its focus on offering more affordable homes and self-sufficient townships, aligned to the needs of today’s home buyers.

“We concluded 2017 on a high and we continue to raise the bar by targeting to achieve RM1.8 bn in sales by the end of 2018. LBS has been involved in developing affordable homes from the start and that is why we have a strong track record spanning 35 years. We believe our strategy of delivering the right offerings, at the right price and at the right time, will continue to sustain our momentum,” said Tan Sri Lim Hock San, Group Managing Director of LBS.

The Group listed its BSP21 in Bandar Saujana Putra, LBS Alam Perdana and Midhills as the main contributors to its exceptional sales achievement in 2017. LBS also announced the line-up of projects for 2018 with eight new launches, amounting to a GDV of RM 2.19 bn. This year, 3,139 units would consist of affordable homes priced below RM500,000, representing 60% of the township developer’s RM1.8 bn sales target.

LBS set to maintain momentum in 2018. (From left) MGB Berhad, Executive Director & Deputy CEO, Mr Isaac Lim; LBS Bina Group Berhad, Executive Directors, Dato’ Cynthia Lim; and Datuk Wira Joey Lim; Group Managing Director, Tan Sri Lim Hock San; Executive Director, Dato’ Alan Chia; and MGB Berhad, Executive Director & CEO, Datuk Richard Lim at the 2018 LBS Outlook media briefing.

For 2018, the Group’s portfolio will include a 40% landed residential developments focus in the Klang Valley, which will amount to a GDV of RM884 million (mn).

Based on last year’s success, LBS is optimistic about the progress and reception of its on-going townships namely, LBS Alam Perdana in Puncak Alam, D’Island Residence in Puchong, Bandar Putera Indah in Batu Pahat and Cameron Golden Hills in Cameron Highlands as well as its upcoming township, LBS CyberSouth in Dengkil.

Furthermore, LBS identified LBS Alam Perdana, its Projek Perumahan Awam 1Malaysia (PPA1M) and Residensi Bintang Bukit Jalil, and LBS CyberSouth as key target areas where it expects to see significant growth.

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