Latest news with #LBSBinaGroupBhd
New Straits Times
a day ago
- Business
- New Straits Times
LBS secures RM8.3bil Kwasa Damansara deal with EPF
KUALA LUMPUR: LBS Bina Group Bhd, through its subsidiary LBS Kwasa Damansara Sdn Bhd, has entered into a development rights agreement (DRA) with Kwasa Land Sdn Bhd, a wholly-owned unit of the Employees Provident Fund (EPF), for an RM8.3 billion township project in Kwasa Damansara, Selangor. The agreement grants LBS exclusive rights to develop 11 parcels of prime freehold land covering 77.8 hectares. Located in the "PJ West" area, the project will comprise 2,922 residential units—featuring a mix of low- and mid-rise condominiums and landed homes—designed to serve diverse market segments. Aligned with the approved master plan, the development will include supporting infrastructure and amenities with an emphasis on connectivity, sustainability, and liveability. It will be rolled out in phases over 14 years and marks a major strategic investment by LBS in one of the Klang Valley's most future-forward township developments. In a statement, LBS said that the RM1.22 billion development rights, largely representing the total land cost of the project, underscore the long-term investment potential of the Kwasa Damansara Township. Strategically located near mature neighbourhoods such as Kota Damansara, Tropicana, Subang Bestari, and Sungai Buloh, the site enjoys proximity to retail, dining, and commercial hubs and is poised to emerge as one of Klang Valley's leading sustainable and future-proof townships. Future residents will benefit from excellent connectivity via two MRT stations linked to the Putrajaya and Kajang lines and accessibility through major highways including the North Klang Valley Expressway (NKVE), Guthrie Corridor Expressway (GCE), and Damansara-Shah Alam Elevated Expressway (DASH). It is also just 4 km from the Sultan Abdul Aziz Shah Airport in Subang. This marks a significant milestone in both LBS' growth trajectory and the continued transformation of Kwasa Damansara—a master-planned, 913.3 ha township positioned as Greater Kuala Lumpur's new northern growth corridor. "We are pleased to partner with LBS, a developer with a proven track record in delivering quality and community-focused developments. This collaboration marks a progressive step forward in realising the vision of Kwasa Damansara as a sustainable and inclusive township that caters to Malaysia's growing urban population," said Datuk Adenan Md Yusof, managing director of Kwasa Land. "With its integrated design and strategic connectivity, including access to multiple MRT stations, we believe this project will significantly contribute to the township's appeal and long-term value." Kwasa Damansara is envisioned as a vibrant, transit-oriented, and green township featuring a comprehensive mix of residential, commercial, institutional, and recreational components. Destined to become a model city for business, living, and leisure, Kwasa Damansara will offer over 250 acres of surrounding green spaces encompassing nine parks and complemented by more than 25 km of cycling and walking trails. The township will also host 25,000 new housing units—including 10,000 affordable housing units and land designated for 15 new schools. Tan Sri Dr. Lim Hock San, group executive chairman of LBS, said, This collaboration marks a significant milestone in our ongoing mission to deliver well-connected and high-quality residential communities that prioritise long-term liveability. Drawing on our strong track record and extensive experience in township development, we are committed to maximising the value of this prime land by delivering a sustainable, high-quality, and future-ready neighbourhood that meets the evolving needs of modern homebuyers." Lim said that moving forward, this strategic development is expected to strengthen the group's financial performance and position while diversifying its portfolio with high-value, premium offerings. He added that this opportunity aligns seamlessly with the group's 8 x 8 Strategy, propelling LBS to new heights in the property development industry through its commitment to innovation, sustainability, and community-centric living. PJ West will also be home to the proposed Kwasa Community Forest, a lush green sanctuary nestled atop the township's highest point. Serving as the township's green lung, this forest will be seamlessly connected to surrounding development plots through a network of green corridors, providing multiple access points for residents.
The Star
3 days ago
- Business
- The Star
StarProperty Bumiputera Fair offers exclusive deals
Much to see: Home buyers perusing the line-up of developers at a StarProperty Fair. PETALING JAYA: The StarProperty Bumiputera Fair is set to begin this week at the MyTown Shopping Centre in Kuala Lumpur The event will offer bumiputra home seekers and investors access to exclusive deals, incentives and real estate opportunities. Set to be held from Aug 7 to 10 at the Central Concourse of the mall, the fair will feature a broad selection of landed and high-rise properties from some of Malaysia's most reputable developers. Among the participating developers and their properties are Chin Hin Group Property (Aricia Residences), LBS Bina Group Bhd (D'Island Residence's SkyRia and Astella), Mah Sing Group Bhd (M Terra), Platinum Victory (PV22 residences, MHP3 Residences and Platinum Melati Residences), Radium Development Bhd (Chancery Ampang SOHO, Radium Arena and Radium Adesa), SP Setia Bhd (Setia Alamsari, Setia Ecohill and Setia Mayuri) and UDA Land Sdn Bhd (Dedaun Residensi and Akasia Raya). Buyers can expect offerings that range from high-rise condominiums to landed homes, all with the benefit of bumiputra discounts and privileges. Moreover, every StarProperty Fair 2025 visitor will be given a free one-month Star ePaper subscription. In addition to showcasing properties, the fair will host a range of exciting activities and events. Children will be given free balloons over the four-day event. Visitors can participate in Visit & Win and Buy & Win activities for a chance to win attractive prizes. To participate, visitors simply need to scan a QR code and answer some simple questions to receive a free Tupperware product. On Saturday and Sunday, free popcorn will also be available while stocks last. For children, there will also be an added fun event with a circus clown crafting balloon animals between noon and 8pm. For the Buy & Win activity, there are three easy steps: Step 1: Visit the StarProperty Bumiputera Fair from Aug 7 to 10, 2025. Step 2: Book the unit of your choice at any exhibitor's booth. Step 3: Submit a copy of the Sales Order Form, proof of payment (receipt), and a photocopy of the purchaser's MyKad at the StarProperty booth. To participate, purchasers must be present to submit all relevant documents along with a completed participation form and answer the qualifying question. This fair is a must-visit for any qualified person looking to buy or invest in property in Malaysia. The StarProperty Bumiputera Fair has a long history of success, with previous events drawing large crowds and generating significant interest from investors and developers alike. Admission is free. With so much to see and do, the fair is an unmissable event for bumiputras looking to invest in the Malaysian property market.
New Straits Times
21-07-2025
- Business
- New Straits Times
LBS Bina chief returns to Cardiff University as distinguished alumni speaker
KUALA LUMPUR: LBS Bina Group Bhd group executive chairman and president of The Federation of Hokkien Associations Malaysia, Tan Sri Dr Lim Hock San, returned to Cardiff University, United Kingdom – his alma mater – with pride and purpose, delivering a powerful keynote as a distinguished alumni speaker during the university's 2025 graduation ceremony. Speaking before a captivated audience of over 1,000 graduates, Lim shared a moving and motivational address, weaving together personal reflections, leadership lessons, and heartfelt encouragement. His return to the university where he once walked the halls as a young student marked a poignant full-circle moment in his life and career. Lim graduated from Cardiff University in 1982 with First-Class Honours in Civil Engineering, a foundation that propelled him into a lifetime of achievement. During his student days, his talent and drive were already evident – he earned Second Prize in the British Steel Corporation Competition for his innovative design of a football grandstand made using hollow steel sections, showcasing early signs of the visionary thinking that would later define his career. From those beginnings, Lim embarked on a bold entrepreneurial journey, starting with a modest truck transportation business before building it into the multi-award-winning LBS Bina Group. Under his leadership, LBS has become a pioneering force in Malaysia's property development landscape, known for creating affordable, people-first townships that empower communities and improve quality of life. In his address, Lim reminded the graduates that the road to success is rarely straightforward. "Success rarely comes in a straight line," Lim told the graduates. "There will be sharp corners, detours, and moments of doubt, but your integrity, your values, and your grit will carry you further than you can imagine. What you build with your life matters, so build it well." He urged the class of 2025 to face the future with resilience and intention. "As you step into this next chapter, embrace uncertainty with courage. The world needs your ideas, your energy, and your leadership." A decorated industry leader, Lim has received more than 100 accolades throughout his career, including the Honorary Doctor of Management from UNITAR International University in 2023 in recognition of his outstanding contributions to nation-building and leadership excellence. He currently serves as an adjunct professor at UNITAR, where he continues to mentor and inspire future leaders. Cardiff University expressed its heartfelt appreciation to Lim for returning to share his insights and life story and congratulated the graduating class on their academic milestone – encouraging them to move forward with purpose, passion, and perseverance.
New Straits Times
23-06-2025
- Business
- New Straits Times
LBS launches Cameron Highlands' largest mixed commercial development
KUALA LUMPUR: LBS Bina Group Bhd has launched Centrum Iris, the largest integrated mixed commercial development in Cameron Highlands, Pahang. With a gross development value (GDV) of RM472 million, the project sets a new benchmark for highland living in Malaysia. Centrum Iris marks the second precinct of LBS' flagship Cameron Centrum township and builds upon the success of Precinct 1, which was completed in 2021. The first phase comprises 58 shop-office units ranging from two to five storeys and is now 95 per cent occupied by major brands in the F&B, banking, healthcare, and retail sectors, laying a strong foundation for Precinct 2's continued growth. The thriving commercial ecosystem in Precinct 1 has laid a solid foundation for Centrum Iris, offering a ready catchment of lifestyle convenience and investment appeal. A key milestone during the launch was the signing of MOUs with MyKey International and Dreamscape Hospitality Group, both of which are leading short-term rental platform operators. The partnership will enable LBS homeowners to tap into Malaysia's booming short-stay tourism market and generate hassle-free rental income. "Our collaboration with MyKey and Dreamscape enables us to expand Centrum Iris' appeal beyond traditional homeownership, tapping into the short-term rental market in Malaysia's tourism hotspots," said executive director of LBS, Datuk Sri Daniel Lim, who officiated the grand launching event. Also present were LBS executive director Datuk Cynthia Lim and deputy chief executive officer Lucas Lim. Strategically located in the heart of Brinchang's bustling commercial district, Centrum Iris offers 705 residential units (ranging from 595 to 1,370 sq ft, starting from RM476,000) and 26 commercial units (ranging from 615 to 2,944 sq ft, starting from RM676,000). According to LBS, the project has already recorded strong bookings, reflecting buyer confidence in its long-term value. Its central location in Brinchang, a hub for tourism and commerce, positions the development as a prime choice for buyers seeking long-term value and year-round highland appeal. Centrum Iris has earned the distinction of being Cameron Highlands' first development to receive the Silver GreenRE Certification, reflecting LBS' strong commitment to sustainable and environmentally conscious development. Its eco-friendly features include electric vehicle (EV) charging bays, 47 lifestyle-oriented facilities, and a rooftop café and restaurant designed to offer sweeping views of the highlands, promoting a greener, healthier way of living. Combining contemporary architecture with English-inspired aesthetics, Centrum Iris offers a unique and elevated lifestyle in the highlands, appealing to both homeowners and investors seeking long-term value and everyday convenience.
The Sun
09-06-2025
- Business
- The Sun
LBS Bina secures RM88.4m green financing for solar farm project
PETALING JAYA: Property developer LBS Bina Group Bhd's special purpose vehicle, Suria Hijauan Sdn Bhd, has secured a RM88.4 million green financing facility from Alliance Bank Malaysia Bhd to fund the engineering, procurement, construction and commissioning (EPCC) costs for its maiden 43 MWp solar farm project. The project, which is under the Corporate Green Power Programme, is located in Senawang, Negeri Sembilan, and is scheduled for completion by the end of this year. The solar farm is expected to deliver stable, recurring revenue, thus enhancing long-term earnings resilience and underscoring LBS's commitment to sustainable growth. The solar farm project is expected to generate approximately 53,000 MWh of clean energy annually, effectively offsetting about 35,000 tonnes of carbon emissions. Atlantic Blue Sdn Bhd, a subsidiary of Solarvest Holdings Bhd, was appointed as the EPCC contractor under a RM104 million contract, leveraging its expertise in delivering large-scale solar projects. LBS group executive chairman Tan Sri Lim Hock San said, 'This green financing marks an important milestone for LBS as we diversify into renewable energy, reinforcing our commitment to sustainability. 'Securing this credit facility from a reputable bank like Alliance Bank highlights the strong potential of our renewable energy venture and our capacity to expand our initiatives within this sector. This support reflects confidence in our strategic direction and financial strength, while also facilitating the successful execution of this project.' He added that this initiative not only resonates with their goal of creating a positive environmental impact, it also strategically complements their core property development business by integrating future product offerings with renewable energy solutions. Alliance Bank Group CEO Kellee Kam said they believe financial institutions have a critical role to play in advancing sustainable development and are honoured to partner with LBS, a company whose values and vision closely align with their own. He added, 'Today's announcement is not just the launch of a project – it marks the beginning of a journey and a cause we are proud to be part of.'
