Right time to buy properties — LBS Bina

KUALA LUMPUR: It is the right time for homebuyers to buy properties now with the country registering five-six per cent strong domestic economic growth, said LBS Bina Group Bhd.

Group managing director, Tan Sri Lim Hock San, said the property market was good, with buyers that were smart, matured and would not buy on speculation, as well as fortified by Bank Negara Malaysia’s lending measures.

“There will be demand this year, as over 90 per cent of the purchasers are buying to stay at their preferred locations,” he told reporters at the Residensi Bintang Bukit Jalil launch yesterday.

The Residensi Bintang Bukit Jalil is LBS’ first development for the year with RM954.7 million gross development value.

The two-tower condominium is located in the epicentre of existing and coming education, sports, entertainment centre and in Bukit Jalil.

The Residensi Bintang Bukit Jalil sits on 2.21 hectares with a 47-storey north tower and 50storey south tower with a total of 1,342 units.

The prices are from RM553,000 and there are three layouts – 805 square feet (sq ft), 1,009 sq ft and 1,209 sq ft.

Type A1 comes with twobedroom, two-bathroom layout, while Type B and C are threebedroom units, equipped with a yard and utility room.

Lim said LBS anticipated a 60 per cent take-up rate in 2018 for the Residensi Bintang Bukit Jalil.

LBS has 17 ongoing projects with a RM1.8 billion sales target for 2018. — Bernama