LBS Bina Group Bhd eyes RM1.2 billion in sales this year

LBS Bina Group Bhd eyes RM1.2 billion in sales this year

KUALA LUMPUR, Jan 5  — LBS Bina Group Bhd aims to rake in RM1.2 billion in sales this year after achieving record sales of RM1.02 billion last year, Managing Director Tan Sri Lim Hock San said.

The group’s unbilled sales of RM993 million at end-2015 would contribute to the group’s turnover this year, he said.

“There will be 15 more projects to be launched this year with a total gross development value of around RM2.5 billion.

“Thus a sales target of RM1.2 billion is an achievable figure,” Lim told a press conference here Tuesday on LBS’ upcoming plans and outlook for 2016.

Lim said the group expects its developments in the Klang Valley to contribute the bulk of sales of more than 85 per cent, followed by projects in Batu Pahat and other regions.

To date, LBS has 1,076 hectares of undeveloped land and an estimated future GDV of RM21.5 billion, he said.

“With a future GDV of RM21.5 billion, we have room to change our offering concepts.

“We have strategised our product offerings to fit real market demand, which has helped LBS achieve record sales last year, and we look forward to intensifying our efforts to provide even more options to a wider spectrum of buyers and investors this year,” said Lim.

LBS will continue to play a proactive role in providing more affordable home options with upcoming developments like the Rumah Selangorku in Bandar Saujana Putra and the ‘Perumahan Penjawat Awam 1Malaysia’ in Bukit Jalil, he added.

On LBS’ business initiatives in China, Lim said the group is awaiting approval from the Chinese government following the signing of a memorandum of understanding with Zhuhai Jiuzhou Group Holdings Ltd in September 2015, before proceeding with several tourism-related projects in Guangdong.

— BERNAMA

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