LBS Bina Group

LBS Bina Group

Postby sschong92 » Wed Oct 29, 2014 7:52 am

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LBS quarterly profit rises 39%
Tuesday, 26 August 2014

PETALING JAYA: LBS Bina Group Bhd posted a net profit of RM19.8mil for the second quarter ended June 30, up 39% from RM14mil last year.

Revenue for the period was at RM205.6mil, up 50% from RM134mil last year.

In a filing with Bursa Malaysia, LBS Bina said the improved results were attributable to a higher progressive recognition of revenue and profit contribution from its ongoing projects.


Source: The Star
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Re: LBS BINA GROUP BERHAD

Postby sschong92 » Wed Oct 29, 2014 7:58 am

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LBS Bina in JV to develop Johor land

Monday, 21 April 2014

KUALA LUMPUR: LBS Bina Group Bhd's 60% subsidiary, Koleksi Sigma Sdn Bhd had entered into a joint development agreement with YPJ Multi Ventures Sdn Bhd to develop four plots of land in Johor.

In a filing to Bursa Malaysia today, LBS Bina said they were all located at Pulai and would be developed into housing developments and a sewerage treatment plan, with an estimated total development cost of RM587.6mil.

It said a total of 2,311 units service apartments and 240 residential units under the Affordable Home Programme will be built in the areas.
LBS Bina said the total development cost of RM587.6mil was planned to be financed through a combination of internally generated fund and/or bank borrowings.

However, the group added that the quantum, of which has yet to be determined, and the manner of raising funds for the development, might subsequently vary depending on the circumstances.

"The management is confident that the development will be well received in view of its strategic locality and its property prices that fall in the mid range segment with prices between RM150,000 and RM600,000 per unit," it said.

LBS Bina added that the development, which is expected to commence early next year, will enable the group to make fast turnaround on the development land and benefit both the purchasers and the company.

Source:The Star
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Re: LBS BINA GROUP BERHAD

Postby sschong92 » Wed Oct 29, 2014 7:59 am

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LBS Bina subsidiary in RM815mil tie-up

Tuesday, 22 April 2014

LBS executive director, Dato' Sri Daniel Lim Hock Sing with LBS managing director, Dato' Sri Lim Hock San introducing LBS' latest premium landed residential development, Barrington Homes, at the LBS signature sales gallery at Brinchang Square, Cameron Highlands. - File pic
LBS executive director, Dato' Sri Daniel Lim Hock Sing with LBS managing director, Dato' Sri Lim Hock San introducing LBS' latest premium landed residential development, Barrington Homes, at the LBS signature sales gallery at Brinchang Square, Cameron Highlands. - File pic

PETALING JAYA: LBS Bina Group Bhd’s 60%-owned subsidiary Koleksi Sigma Sdn Bhd has joined hands with YPJ Multi Ventures Sdn Bhd (YPJMV) to develop medium-cost serviced apartments in Taman Tampoi Utama, Pulai, Johor with a gross development value (GDV) of RM815mil.

Managing director Datuk Seri Lim Hock San told StarBiz: “While most developers are building high-end houses, we see strong demand for medium-cost houses there for the middle-income group.”

The high-rise project, which consist of 2,311 serviced apartments and 240 residential units, were indicatively priced at RM450 to RM500 per sq ft, he added.

The serviced apartments and residential units to be built on a 5.7-ha land are expected to be completed in seven years and three years, respectively.

According to Lim, the company is waiting for the approval of the development plan. The project is expected to be launched in early 2015. As the project is surrounded by mature development, Lim is confident of the take-up once it is launched.

“This is one of the rare parcels surrounded by landed properties. Hence, we decided to plan for a high-rise development with facilities,” he said.

The company said in a statement the project should commence within a year. Some of the infrastructure and amenities closest to it include Senai Airport, Pasir Gudang Highway and LegoLand.

The company also told Bursa Malaysia that the total development cost of RM587.6mil was to be financed through the combination of internal fund and/or bank borrowings.

“The project should contribute positively to the group for four years upon its launch,” Lim said.

Meanwhile, its partner YPJMV would be entitled to 10% of the GDV or RM81.5mil, which would be paid over three tranches. YPMJV, the land owner, is a wholly-owned subsidiary of Yayasan Pelajaran Johor.

Lim said the project would be its second in Johor, after its ongoing development in Bandar Putera Indah, Batu Pahat.

Source:The Star
Last edited by sschong92 on Wed Oct 29, 2014 8:02 am, edited 1 time in total.
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Re: LBS BINA GROUP BERHAD

Postby sschong92 » Wed Oct 29, 2014 8:01 am

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LBS Bina Q1 earnings down 19.2% to RM10.6mil

Tuesday, 27 May 2014

KUALA LUMPUR: LBS Bina Group Bhd saw a decline of 19.2% in net profit to RM10.57mil for the first quarter ended March 31 2014 compared to RM13.08mil the corresponding quarter a year ago.

The company said in the stock filling that revenue increased by 34.4 % to RM145.42mil compared to RM108.20mil of the corresponding quarter a year ago.

The revenue is mainly derived from the profit contribution of the 18 on-going projects with unbilled sales of approximately RM715mil. The group is confident of its performance for the financial year ending Dec 31, 2014, what with the on-going projects.

Source:The Star
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Re: LBS BINA GROUP BERHAD

Postby sschong92 » Wed Oct 29, 2014 8:04 am

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LBS Bina subscribes 8m new shares in VTI Vintage

Wednesday, 23 July 2014

KUALA LUMPUR: LBS Bina Group Bhd said the group had on Tuesday subscribed for eight million new ordinary shares in VTI Vintage Bhd.

In a filing to Bursa Malaysia on Wednesday, LBS said each share was priced at 50 sen each at a subscription price of 50 sen per placement share.

It came together with four million free detachable warrants on the basis of one for every two placement shares.

Accordingly, LBS Bina is holding 21.9% stake in VTI.

For the purpose of clarity, LBS Bina said the trading of the securities of VTI has been suspended since April 10, 2012 via a notice by Bursa Malaysia.

It said VTI will still be suspended until the completion of the Regularisation Plan of VTI.

Source:The Star
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Re: LBS BINA GROUP BERHAD

Postby sschong92 » Wed Oct 29, 2014 8:08 am

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Tapping Pahang’s potential

Friday, 18 July 2014

Growth area: An artist's rendering of the Sinaran Mahkota development in Kuantan. The project is a mixed-used development that will feature residential and commercial components.
Growth area: An artist's rendering of the Sinaran Mahkota development in Kuantan. The project is a mixed-used development that will feature residential and commercial components.

Property developer, LBS Bina Group Bhd (LBS), believes that the strategic location, quality designs and growth potential will be the keys to success for its latest mixed commercial and residential project, Sinaran Mahkota project in Kuantan, Pahang.

The company says it expects Sinaran Mahkota will both serve and benefit from Kuantan’s strong growth, and provide a good return on investment. The company says the development should be an excellent investment opportunity for home buyers and investors given its close proximity to the Malaysia-China Kuantan Industrial Park and Bandar Indera Mahkota, a vibrant, self-contained township with mature residential areas.

LBS managing director Datuk Sri Lim Hock San said, “Kuantan is poised to benefit from the economic transformation driven by the various high-impact projects implemented in the East Coast Economic Region such as the setting up of a biomedical cluster in Gambang Halal Park and an oil palm biomass cluster in the Kuantan Integrated Biopark.

“In addition, the easy accessibility has encouraged more businesses and foreigners to relocate to Kuantan and subsequently, buy properties in the area.”

Phase one of the Sinaran Mahkota development comprises 121 units of modern two- and three-storey shop offices featuring Mondrian influences.

The second phase of Sinaran Mahkota includes proposed serviced apartments that are scheduled for launch sometime early next year.

The company will be showcasing its award-winning projects to potential property buyers at a property fair being held from today to Sunday at the Kuala Lumpur Convention Centre. LBS will be promoting a good mix of its residential and integrated commercial developments throughout the three-day event.

These include Sinaran Mahkota in Kuantan, Pahang, BSP Skypark in Bandar Saujana Putra, Barrington Square in Cameron Golden Hills, Cameron Highlands and Nautilus of D’ Island Residence in Puchong.

Source:The Star
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Re: LBS BINA GROUP BERHAD

Postby sschong92 » Wed Oct 29, 2014 8:09 am

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LBS Bina project in Kuantan

Saturday, 14 June 2014

KUALA LUMPUR: Property developer LBS Bina Group Bhd hopes to tap the booming Kuantan’s economic growth with its latest mixed commercial and residential development.

“The business landscape in Kuantan is changing with more and more business owners wanting to take a slice of this pie. We expect our latest project, Sinaran Mahkota, to serve and benefit from Kuantan’s strong growth, and provide a good return on investment,” managing director Datuk Seri Lim Hock San said in a statement yesterday. Phase one of Sinaran Mahkota comprises 121 two- and three-storey shop offices designed in modern Mondrian concept. – Bernama

Priced from RM567,910, these commercial units offered a view overlooking a lake and were slated for completion in 2017, the statement said.

The second phase includes proposed serviced apartments, located opposite the International Islamic University Malaysia.

Source:The Star
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Re: LBS BINA GROUP BERHAD

Postby sschong92 » Wed Oct 29, 2014 8:12 am

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Highlands property boost

Luxury option: Lim Hock San (left ) and Daniel Lim with a model of the company’s landed residential development, Barrington Homes, at the LBS sales gallery in Brinchang Square, Cameron Highlands.
Luxury option: Lim Hock San (left ) and Daniel Lim with a model of the company’s landed residential development, Barrington Homes, at the LBS sales gallery in Brinchang Square, Cameron Highlands.

LBS Bina Group Bhd recently launched its signature sales gallery at Brinchang Square to cater to the needs of the property market in Cameron Highlands, Perak.

“LBS Bina made a strategic move into Cameron Highlands as early as 1998. I am pleased to say that as of today, we have a total of 223 acres of land in Cameron Highlands for ongoing and future developments, which is worth about RM5bil in gross development value (GDV).

“This indicates that our developments in Cameron Highlands is contributing about 26% to the overall group GDV,” LBS Bina managing director Datuk Seri Lim Hock San said at the launch.

Situated in a five-storey building with some 5,000sq ft of space, the sales gallery will showcase LBS Bina projects in Cameron Highlands and also projects from other states. On top of that, the gallery will feature concepts of future launches, a multi-purpose hall and the management office.

The developer also unveiled its latest residential property in Cameron Highlands, called Barrington Homes.

Located in the nature-inspired Cameron Golden Hills, Barrington Homes will be a guarded community comprising 50 units of three-storey semi-detached homes with a layout size of 4,385 sq ft and priced from RM1.7mil. The project is due for completion in April 2016.

“With a six bedroom and seven bathroom layout, these English Tudor-styled homes feature spacious living areas with double volume ceiling height at the dining area, square atrium staircase that redefines the common staircase by giving it a more welcoming feel and a spacious terrace for outdoor family activities. We believe the homes would be an ideal choice for the upgraders and families looking for a quality lifestyle,” Lim said.

The 59-acre Cameron Golden Hills is a complete township offering apartments, double-storey terraced and semi-detached houses, villas, bungalow lots and commercial developments which have been rolled out in phases since 2012.

“Cameron Highlands is, and will be in the next few years, one of the main focus areas for LBS in Malaysia. That is why LBS finds it timely to open our first signature sales gallery here at Brinchang Square to meet the growing demands of this town,” executive director Datuk Daniel Lim said

Source:The Star
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Re: LBS BINA GROUP BERHAD

Postby sschong92 » Wed Oct 29, 2014 8:13 am

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LBS sees 30% contribution from property development projects in Cameron Highlands

Wednesday, 16 April 2014

CAMERON HIGHLANDS: LBS Bina Group Bhd expects its property development projects in Cameron Highlands to contribute 30% to total revenue by 2017, up from the current 5%-10%.

The group’s current and future developments in the Pahang hilltop tourism spot over the next 10 years have a gross development value (GDV) of RM5bil, said managing director Datuk Seri Lim Hock San.

This, he added, would comprise 26% of the group’s overall GDV.

“We are currently the largest developer in Cameron Highlands and committed to the longer term development here,” Lim said.

Source:The Star
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Re: LBS BINA GROUP BERHAD

Postby sschong92 » Wed Oct 29, 2014 8:15 am

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LBS Bina expects Cameron projects to contribute 30% to revenue by 2017

Tuesday, 15 April 2014

CAMERON HIGHLANDS: LBS Bina Group Bhd expects its property development projects in Cameron Highlands to contribute 30% to total revenue by 2017, up from the current 5%-10%.

The group's current and future developments in the Pahang hilltop tourism spot over the next 10 years have a gross development value (GDV) of RM5bil, said managing director Datuk Seri Lim Hock San.

That, he added, will comprise 26% of the group's overall GDV.

"We are currently the largest developer in Cameron Highlands and committed to the longer-term development here," Lim said.

The developer, which moved into Cameron Highlands in 1998 and currently has a land bank of 223 acres (89.2 hectares) there, is set to inject leisure and entertainment elements to future developments to spice up the overall appeal.
The upcoming Cameron Centrum will be a project involving six precincts with a GDV of RM2.7bil.

While details are yet to be finalised, there will be components such as shopping malls with a boulevard, retail outlets, condos, bungalows and landed properties, according to Lim.

He told reporters this here today during the launch of the groups first sales gallery.

Located in Brinchang, the gallery is to cope with its expansion in the hilltop tourist destination.

LBS today also launched its premium Barrington Homes project, which has 50 units of three-storey semi-detached homes, with the selling price starting from RM1.7mil.

For the first three months of 2014, LBS raked in RM50mil revenue from its Cameron Highlands projects.

It has targeted RM1bil in total sales this year, with RM300mil to be generated by the Cameron Highlands developments.

Source:The Star
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