LBS to launch 6 projects in Klang Valley, Cameron Highlands
PETALING JAYA: LBS Bina Group Bhd (LBS) will be launching six projects in the Klang Valley and Cameron Highlands this year with a combined gross development value (GDV) of RM1.88 billion.
Managing director Tan Sri Lim Hock San said the projects would comprise commercial units, terraced houses, serviced apartments and 1Malaysia Civil Servants Housing Programme (PPA1M) .
“The first launch is Vines 2, a double-storey shopping lot development, in Brinchang, Cameron Highlands, with a GDV of RM59 million.
“This will be followed by BSP 6 serviced apartments in Bandar Saujana Putra with a GDV of RM388 million as well as Langit and Lake in Bandar Putra Perdana; Desiran Bayu in Puchong; Alam Perdana in Puncak Alam and Bukit Jalil PPA1M projects worth RM372 million, RM84 million, RM627 million and RM352 million, respectively,” he said.
Lim was speaking after LBS’s annual general meeting, here, yesterday.
On the progress of the projects, he said 17 were underway with a total GDV of RM3.2 billion.
“So far, these projects received sales rate of 72 per cent and we are confident of achieving up to 90 per cent within the next two years.
“In terms of sales, RM413 million has been recorded to date,” he added.
LBS targets sales of RM1.5 billion this year.
Last year, the company surpassed its target with sales of RM1.23 billion, up 20.3 per cent from 2015. Zarina Zakariah