LBS Bina Group Berhad exceeds 2015 sales target of RM1 billion

LBS  Bina Group Berhad exceeds 2015 sales target of RM1 billion

Petaling Jaya, 5 January 2016 – LBS Bina Group Berhad (LBS) has achieved a total of RM1.029 billion in sales for the year 2015, which is an increase of 60% in comparison to the previous year of RM644 million. The key developments which contributed to LBS achieving its 2015 sales target include mainly residential projects located in Selangor (RM864 million).

“We enjoyed a fruitful year in 2015. One of the reasons we continue to meet out targets is our understanding for the needs of Malaysian home buyers. We look forward to intensifying our efforts to provide even more options to a wider spectrum of home buyers and investors in 2016.Following a successful year, the Group is confident on achieving its sales momentum for 2016, citing a strong portfolio of properties.” said LBS Managing Director, Tan Sri Lim Hock San.

Moving forward, LBS is confident of maintaining the momentum of demand for its developments to achieve an additional 20% in sales for the year 2016. The Group expects its developments in the Klang Valley to contribute the bulk of sales of more than 85%.

To date, LBS has 2,659 acres of the undeveloped land bank. The Group’s future launches include a mix of high-rise and landed residences, spanning from affordable to premium range homes as well as commercial developments.

In support of the Government’s efforts to house more Malaysians, LBS continues to play a proactive role in providing more affordable home options with upcoming  developments like the  Rumah Selangorku in Bandar Saujana Putra and Perumahan Penjawat Awam 1Malaysia (PPA1M)  in Bukit Jalil.

Key launches:

State: Klang Valley

Township / Area

Development

Details

GDV

Bandar Saujana Putra

BSP 21

 

10 blocks of serviced residence

 

Ongoing:-

–  Phase 1: 4 blocks, 892 units

–  Phase 2: 1 block, 278 units

 

Next Launch:-

–  Balance 5 blocks, 1,432 units

–  Shops, 28 units

 

–  Price range:

·  Block F&H: From RM317,900/ unit

·  Block G, I & J: From RM524,900/ unit

·  Shop: From RM700,900/ unit

RM1.4 billion

 

 

RM436 million

RM148 million

RM584 million

 

RM812 million

RM  23 million

RM835 million

 

 

 

BSP Village

(on going)

  2 & 3 storey shop office

–  164 Units

–  Price range:  From RM1.18 million/ unit

                             

   RM233 million

 

 

 

D’ Island Residence, Puchong

Skyvilla

(on going)

  17 storey condominium

–  352 units

–  Price range: From RM649,900/ unit

 

                             RM252 million

 

 

 

Corallia 4

(Next launch)

  Double-storey semi D

– 82 units

 – Price range: From RM1.7 million/ unit

·                     

                              RM148 million

 

 

 

Puchong

Desiran Bayu

(Next launch)

Double-storey Cluster-link, Double-storey Semi-D, Double-storey terrace house

–  598 units

–  Price range:

·   Cluster Link: From RM600,000/ unit

·    Semi-D: From RM820,000/ unit

·    Terrace house: From RM420,000/ unit

                           RM330 million

 

 

 

 

 

 

Klang

Telok Gong Industrial Park

(Next launch)

  Semi-D factory, Bungalow factory, Low-Cost factory

–  96 units

–  Price range:

·  From RM3.5 million/ lot  (Semi-D factory)

·  From RM5.8 million/ lot (Bungalow factory)

 

                         RM304.7 million

 

 

 

 

 

Shah Alam

Taman Perindustrian Alam Awana @ U10

(Next launch)

  Industrial Lot

–  13 lots

–  Price range: From RM8.9 million / lot

               

RM243.6 million

 

 

 

State: Pahang

Cameron Centrum

Precint 1

(Next launch)

Shops

– 58 units

–  Price range:

·  From RM1.2 million/ unit (2 storeys)

·  From RM2.5 million/ unit (4 storeys)

·  From RM3.2 million/ unit (5 storeys)

 

Hotel

–  158 units

–  Price range:   From RM300,000/ unit

     

 

RM165 million

 

 

 

 

 

 

RM74 million

 

 

 

 

 
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