Investing in commercial property in Malaysia involves understanding diverse factors including economic trends, regulatory policies, and location dynamics. Given the market’s complexity, investors must carefully analyze these factors to ensure successful outcomes and maximize returns while mitigating risks effectively.
With the Malaysian commercial property market offering diverse opportunities across sectors, strategic decision-making is essential. By navigating these influences accurately, investors can position themselves for success in this dynamic and ever-evolving landscape.
Understanding How Economic Indicators Impact Commercial Property Investments
In the context of the real estate market, economic indicators play a crucial role in influencing investment decisions. Key economic indicators such as GDP growth, the interest rates, and the inflation directly impact the commercial property market, shaping investor sentiment and market dynamics.
GDP growth reflects the pace of economic expansion and is closely tied to the demand for commercial space. Higher GDP growth rates often correlate with increased business activity, leading to greater demand for office, retail, and industrial spaces.
Conversely, sluggish GDP growth may dampen demand and affect rental yields and property values. Similarly, fluctuations in interest rates and inflation rates can impact financing costs and property valuations.
Best Commercial Real Estate Investment Depends on Market Demand and Supply
Market dynamics are heavily influenced by the interplay between demand and supply. Understanding this relationship is crucial for investors looking to capitalize on investment opportunities.
Factors such as population growth, technological advancements, and industry trends directly impact market demand, which drives the need for commercial spaces. Population growth, for instance, fuels demand for various types of commercial properties.
In addition, technological advancements and changes in consumer behavior shape the demand for innovative commercial properties. The balance between demand and supply directly influences property values and investment opportunities, with scarcity driving up prices and oversupply leading to downward pressure on rents and values.
Infrastructure Development May Affect the Return on Investment in Commercial Real Estate
Infrastructure development plays a crucial role in shaping the return on investment (ROI) in commercial real estate. Enhanced accessibility and connectivity through improved transportation networks, such as highways, railways, and airports, can significantly increase the desirability of commercial properties in certain locations.
Areas with robust infrastructure tend to attract businesses and tenants, leading to higher rental yields and property values. Additionally, infrastructure development often stimulates economic growth by creating employment opportunities, attracting investments, and fostering business expansion.
Government initiatives aimed at infrastructure development, such as urban renewal projects and smart city initiatives, can further bolster the attractiveness of commercial real estate investments.
Analyzing the Location Dynamics of Commercial Property for Sale
The success of commercial property investments also relies heavily on location dynamics. Factors such as accessibility, infrastructure, and neighborhood development significantly influence property values and investment potential.
Properties situated in prime locations with excellent connectivity to transportation networks and proximity to key amenities tend to attract higher tenant demand and command premium rental rates.
LBS Bina‘s commercial properties, such as M3 Shopping Mall and Bandar Saujana Putra, offer strategic locations that are well-suited for commercial property investment. These developments benefit from easy accessibility via major expressways and proximity to established business hubs, enhancing their appeal to potential investors.
Discover Best Real Estate Investments in Malaysia with LBS Bina
In navigating the Malaysian real estate market, understanding the multifaceted factors influencing investment decisions is paramount. From economic indicators and market dynamics to infrastructure development and location dynamics, each element plays a crucial role in shaping investment opportunities. LBS Bina’s projects offer commercial properties that align with these key considerations. Explore the best real estate investments in Malaysia with LBS Bina today! Contact us now to learn more about our commercial property and start your journey towards successful real estate investments.
Housing development plays a significant role in shaping Malaysia’s urban and rural landscapes. As the country progresses economically and demographically, the need for innovative housing solutions becomes increasingly essential.
Understanding the importance of housing development in Malaysia is crucial. It addresses affordability challenges, fosters community cohesion, and drives economic growth and social equilibrium.
Before delving into specific housing projects, grasping the broader impact of housing development on Malaysian society and the real estate sector is essential.
Examples of Residential Housing Development
Malaysia offers a plethora of choices when it comes to housing development, catering to various preferences and lifestyles. Below are some prominent examples:
Terrace Houses
Terrace houses are a common sight in Malaysian suburbs, featuring interconnected units with individual entrances and outdoor spaces, fostering community bonds with a mix of privacy and shared amenities.
Condominium and Apartment Developments
Popular in urban hubs like Kuala Lumpur and Penang, these vertical living spaces offer shared facilities such as pools, gyms, and security services, catering to a wide demographic, from young professionals to retirees seeking convenience.
Housing Development Projects with Gated Communities
Gated communities provide enhanced security and exclusivity, featuring amenities like gardens, clubhouses, and recreation areas; appealing to those desiring a premium living experience in a controlled environment.
Which Housing Development is the Best Choice for Me?
Choosing the right housing development in Malaysia requires consideration of several key factors. First, assess your lifestyle preferences, including whether you prefer urban or suburban living and what amenities are important to you. Next, evaluate your budget constraints realistically, factoring in not just the purchase price but also ongoing expenses.
Location is crucial, so consider proximity to essential facilities such as schools, healthcare, and transportation options. Besides, assess the neighborhood’s safety and future development plans. Finally, compare the facilities and amenities offered by different developments to ensure they align with your needs and preferences.
By systematically considering these factors and consulting with real estate professionals, you can make an informed decision which leads to a fulfilling living experience in Malaysia.
The Best New and Affordable Housing Development For Sale by LBS Bina
LBS Bina is renowned for its commitment to delivering quality and affordability in housing developments across Malaysia.
Among them, Prestige Residence stands out with its strategic location easily accessible via major expressways such as MEX, Bukit Jalil Highway and SKVE. It offers units ranging from 600 to 850 square feet, with prices starting from RM270,000.
KITA Sejati provides urban living with convenience, located conveniently with access to major expressways like Elite Highway, MEX and more. Units range from 602 to 850 square feet, with prices starting from RM399,800.
KITA Mesra offers spacious townhouses ideal for families, accessible via highways like Elite Highway, Damansara-Puchong Highway (LDP) and more. The units feature a gross built-up area ranging from 917 to 1105 square feet, with prices starting from RM439,900.
These residential developments reflect LBS Bina’s dedication to providing modern, accessible, and affordable housing solutions for Malaysians, catering to a diverse range of needs.
Start Building Your Ideal Home with LBS Bina’s New Housing Development Projects
With LBS Bina’s range of development house options, you can begin the process of creating your ideal home. LBS Bina’s commitment to quality, affordability, and accessibility ensures that each project is designed to meet the diverse needs of Malaysian homebuyers.
Building your ideal home requires careful consideration of factors such as location, budget, lifestyle preferences, and amenities. With LBS Bina’s developments, you can find the perfect balance of these elements, ensuring a fulfilling living experience for you and your family.
Take the first step towards realizing your dream home with LBS Bina’s housing options and start building a brighter future today. Contact LBS Bina now to explore our housing options!
Q4FYE2023 and FYE2023 revenue increase 58.9% and 6.0% respectively
Q4FYE2023 and FYE2023 PAT rose 31.2% and 15.6% respectively
FYE2023 property sales at RM1.7 billion
RM2.0 billion unbilled sales as at 31 December 2023
Petaling Jaya, 21 February 2024 – LBS Bina Group Berhad (“LBS” or the “Group”) announced its unaudited financial results for the fourth quarter (“Q4FYE2023”) and full year ended 31 December 2023 (“FYE2023”) today.
For the quarter under review, LBS achieved revenue of RM596.7 million, marking a significant increase of 58.9% compared to the corresponding quarter last year, which recorded RM375.6 million. This notable surge in revenue was predominantly attributed to the property development segment’s 60.2% increase, which contributed RM571.2 million to the total revenue. The Group’s profit after tax (“PAT”) also experienced a considerable rise, reaching RM41.1 million, translating to a surge of 31.2%.
For the full year 2023, LBS achieved a PAT of RM159.0 million, reflecting a year-on-year increase of 15.6%. This growth was supported by a 6.0% rise in revenue, reaching RM1.83 billion. The surge was attributable to increased development activities across ongoing projects.
The property development segment, maintaining its position as the Group’s primary revenue contributor, accounted for 95.9% of the total revenue. Key development projects, such as KITA @ Cybersouth, Bukit Jalil projects, LBS Alam Perdana, Idaman projects and Prestige Residence, played a significant role in driving this revenue increase.
Commenting on the financial performance, LBS Group Executive Chairman Tan Sri Dato’ Sri Ir. (Dr.) Lim Hock San said, “We are thrilled to announce that LBS has delivered outstanding financial results for the year 2023, with RM1.83 billion in revenue, marking the Group’s highest achievement to date. These positive financial results present a solid foundation for us to build upon as we embark on the next phase of our journey.
We are excited and cautiously optimistic about the growth momentum over the coming years. The unbilled sales of RM2.0 billion will continue to provide the Group with a healthy earnings outlook for the next 2 to 3 years. Currently, LBS is involved in 19 ongoing projects. Our target for this year is to achieve RM1.8 billion in property sales buoyed by various developments with a GDV of RM3.51 billion, built across strategic locations including Klang Valley, Johor, Pahang and Perak.”
He further added, “At LBS, we are dedicated to ensuring good environmental, social and governance (“ESG”) practices. Our Sustainability Financing Framework has been assigned a “GOLD” Impact Bond Assessment by MARC Ratings Berhad which is a testament to our ESG commitment. With the Green Mission programme targeting biodiversity, energy, water and waste management, along with a partnership with Malaysia Green Technology and Climate Change Corporation for green projects, we aim to achieve net zero carbon emission by 2050, in line with the National Energy Transition Roadmap (NETR).”
As of 31 December 2023, the Group’s land bank covers approximately 2,767 acres ensuring a strategic reserve for the next 10 to 15 years.
-End-
For Immediate Release
LBS RECORDS ALL-TIME HIGH NET PROFIT
Q4FYE2023 and FYE2023 revenue increase 58.9% and 6.0% respectively
Q4FYE2023 and FYE2023 PAT rose 31.2% and 15.6% respectively
FYE2023 property sales at RM1.7 billion
RM2.0 billion unbilled sales as at 31 December 2023
Petaling Jaya, 21 February 2024 – LBS Bina Group Berhad (“LBS” or the “Group”) announced its unaudited financial results for the fourth quarter (“Q4FYE2023”) and full year ended 31 December 2023 (“FYE2023”) today.
For the quarter under review, LBS achieved revenue of RM596.7 million, marking a significant increase of 58.9% compared to the corresponding quarter last year, which recorded RM375.6 million. This notable surge in revenue was predominantly attributed to the property development segment’s 60.2% increase, which contributed RM571.2 million to the total revenue. The Group’s profit after tax (“PAT”) also experienced a considerable rise, reaching RM41.1 million, translating to a surge of 31.2%.
For the full year 2023, LBS achieved a PAT of RM159.0 million, reflecting a year-on-year increase of 15.6%. This growth was supported by a 6.0% rise in revenue, reaching RM1.83 billion. The surge was attributable to increased development activities across ongoing projects.
The property development segment, maintaining its position as the Group’s primary revenue contributor, accounted for 95.9% of the total revenue. Key development projects, such as KITA @ Cybersouth, Bukit Jalil projects, LBS Alam Perdana, Idaman projects and Prestige Residence, played a significant role in driving this revenue increase.
Commenting on the financial performance, LBS Group Executive Chairman Tan Sri Dato’ Sri Ir. (Dr.) Lim Hock San said, “We are thrilled to announce that LBS has delivered outstanding financial results for the year 2023, with RM1.83 billion in revenue, marking the Group’s highest achievement to date. These positive financial results present a solid foundation for us to build upon as we embark on the next phase of our journey.
We are excited and cautiously optimistic about the growth momentum over the coming years. The unbilled sales of RM2.0 billion will continue to provide the Group with a healthy earnings outlook for the next 2 to 3 years. Currently, LBS is involved in 19 ongoing projects. Our target for this year is to achieve RM1.8 billion in property sales buoyed by various developments with a GDV of RM3.51 billion, built across strategic locations including Klang Valley, Johor, Pahang and Perak.”
He further added, “At LBS, we are dedicated to ensuring good environmental, social and governance (“ESG”) practices. Our Sustainability Financing Framework has been assigned a “GOLD” Impact Bond Assessment by MARC Ratings Berhad which is a testament to our ESG commitment. With the Green Mission programme targeting biodiversity, energy, water and waste management, along with a partnership with Malaysia Green Technology and Climate Change Corporation for green projects, we aim to achieve net zero carbon emission by 2050, in line with the National Energy Transition Roadmap (NETR).”
As of 31 December 2023, the Group’s land bank covers approximately 2,767 acres ensuring a strategic reserve for the next 10 to 15 years.
Hasil Q4FYE2023 dan FYE2023 masing-masing meningkat 58.9% dan 6.0%
PAT bagi Q4FYE2023 dan FYE2023 meningkat 31.2% dan 15.6%
Jualan hartanah FYE2023 sebanyak RM1.7 bilion
Jualan belum dibil sebanyak RM2.0 bilion setakat 31 Disember 2023
Petaling Jaya, 21 Februari 2024 – Pemaju perumahan terkemuka pilihan rakyat, LBS Bina Group Berhad (“LBS” atau “Kumpulan”) hari ini mengumumkan keputusan kewangan belum diaudit untuk suku keempat (“Q4FYE2023”) bagi tahun berakhir 31 Disember 2023 (”FYE2023”).
Bagi suku dalam tinjauan, LBS memperolehi hasil sebanyak RM596.7 juta, merekodkan peningkatan keuntungan sebanyak 58.9% berbanding suku yang sama tahun lepas, yang merekodkan RM375.6 juta. Peningkatan ketara hasil ini sebahagian besarnya adalah berikutan peningkatan sebanyak 60.2% di segmen pembangunan hartanah, yang menyumbang RM571.2 juta kepada jumlah keseluruhan hasil. Keuntungan selepas cukai (“PAT”) Kumpulan juga mencatat peningkatan tinggi, mencecah RM41.1 juta sekaligus membawa kepada peningkatan 31.2%.
Bagi tahun kewangan berakhir 2023, LBS mencatatkan PAT sebanyak RM159.0 juta, menunjukkan peningkatan tahun ke tahun sebanyak 15.6%. Pertumbuhan ini disokong oleh peningkatan hasil sebanyak 6.0%, mencecah RM1.83 bilion. Lonjakan ini dipengaruhi daripada peningkatan aktiviti pembinaan projek pembangunan yang sedang rancak berjalan.
Segmen pembangunan hartanah, mengukuhkan kedudukannya sebagai penyumbang utama hasil Kumpulan, iaitu sebanyak 95.9% daripada jumlah keseluruhan pendapatan. Projek pembangunan utama, seperti KITA @ Cybersouth, Bukit Jalil, LBS Alam Perdana, projek Idaman dan Prestige Residence, memainkan peranan penting dalam menyumbang kepada peningkatan hasil ini.
Mengulas mengenai pencapaian kewangan ini, Pengerusi Eksekutif Kumpulan LBS, Tan Sri Dato’ Sri Ir. (Dr.) Lim Hock San berkata, “Kami teruja untuk mengumumkan bahawa LBS telah memperolehi keputusan kewangan yang amat cemerlang bagi tahun 2023, dengan hasil sebanyak RM1.83 bilion, menandakan pencapaian tertinggi Kumpulan setakat ini. Keputusan kewangan positif ini menunjukkan asas kukuh yang telah dibina oleh LBS untuk fasa seterusnya.
LBS teruja dan akan terus mengambil pendekatan optimis dan berhati-hati untuk berhadapan dengan momentum pertumbuhan pada tahun mendatang. Jualan belum dibil sebanyak RM2.0 bilion akan menyediakan Kumpulan dengan prospek kewangan yang stabil bagi 2 hingga 3 tahun akan datang. Kini, LBS terlibat dengan 19 projek yang sedang berjalan. Kami berhasrat untuk mencapai sasaran jualan hartanah sebanyak RM1.8 bilion pada tahun ini daripada pelbagai projek pembangunan dengan GDV sebanyak RM3.51 bilion, dibina di lokasi-lokasi strategik seperti Lembah Klang, Johor, Pahang dan Perak.”
Beliau menambah, “Di LBS, kami tekad untuk memastikan pemuliharaan alam sekitar, tanggungjawab sosial dan amalan tadbir urus (ESG) yang baik. Rangka Kerja Pembiayaan Kelestarian LBS, yang diberikan Penilaian Bon Impak “Emas” oleh MARC Ratings Berhad merupakan bukti komitmen ESG kami. Menerusi program Misi Hijau yang menyasarkan biodiversiti, tenaga, air dan pengurusan sisa dengan jalinan kerjasama Malaysia Green Technology and Climate Change untuk projek hijau, kami bermatlamat untuk mencapai pelepasan karbon sifar bersih menjelang 2050, selaras dengan Pelan Hala Tuju Peralihan Tenaga Negara (NETR).”
Setakat 31 Disember 2023, simpanan bank tanah Kumpulan meliputi kawasan seluas 2,767 ekar memastikan LBS kekal bersaing bagi tempoh 10 hingga 15 tahun akan datang.
-Tamat-
UNTUK SIARAN SEGERA
LBS CATAT KEUNTUNGAN BERSIH TERTINGGI
Hasil Q4FYE2023 dan FYE2023 masing-masing meningkat 58.9% dan 6.0%
PAT bagi Q4FYE2023 dan FYE2023 meningkat 31.2% dan 15.6%
Jualan hartanah FYE2023 sebanyak RM1.7 bilion
Jualan belum dibil sebanyak RM2.0 bilion setakat 31 Disember 2023
Petaling Jaya, 21 Februari 2024 – Pemaju perumahan terkemuka pilihan rakyat, LBS Bina Group Berhad (“LBS” atau “Kumpulan”) hari ini mengumumkan keputusan kewangan belum diaudit untuk suku keempat (“Q4FYE2023”) bagi tahun berakhir 31 Disember 2023 (”FYE2023”).
Bagi suku dalam tinjauan, LBS memperolehi hasil sebanyak RM596.7 juta, merekodkan peningkatan keuntungan sebanyak 58.9% berbanding suku yang sama tahun lepas, yang merekodkan RM375.6 juta. Peningkatan ketara hasil ini sebahagian besarnya adalah berikutan peningkatan sebanyak 60.2% di segmen pembangunan hartanah, yang menyumbang RM571.2 juta kepada jumlah keseluruhan hasil. Keuntungan selepas cukai (“PAT”) Kumpulan juga mencatat peningkatan tinggi, mencecah RM41.1 juta sekaligus membawa kepada peningkatan 31.2%.
Bagi tahun kewangan berakhir 2023, LBS mencatatkan PAT sebanyak RM159.0 juta, menunjukkan peningkatan tahun ke tahun sebanyak 15.6%. Pertumbuhan ini disokong oleh peningkatan hasil sebanyak 6.0%, mencecah RM1.83 bilion. Lonjakan ini dipengaruhi daripada peningkatan aktiviti pembinaan projek pembangunan yang sedang rancak berjalan.
Segmen pembangunan hartanah, mengukuhkan kedudukannya sebagai penyumbang utama hasil Kumpulan, iaitu sebanyak 95.9% daripada jumlah keseluruhan pendapatan. Projek pembangunan utama, seperti KITA @ Cybersouth, Bukit Jalil, LBS Alam Perdana, projek Idaman dan Prestige Residence, memainkan peranan penting dalam menyumbang kepada peningkatan hasil ini.
Mengulas mengenai pencapaian kewangan ini, Pengerusi Eksekutif Kumpulan LBS, Tan Sri Dato’ Sri Ir. (Dr.) Lim Hock San berkata, “Kami teruja untuk mengumumkan bahawa LBS telah memperolehi keputusan kewangan yang amat cemerlang bagi tahun 2023, dengan hasil sebanyak RM1.83 bilion, menandakan pencapaian tertinggi Kumpulan setakat ini. Keputusan kewangan positif ini menunjukkan asas kukuh yang telah dibina oleh LBS untuk fasa seterusnya.
LBS teruja dan akan terus mengambil pendekatan optimis dan berhati-hati untuk berhadapan dengan momentum pertumbuhan pada tahun mendatang. Jualan belum dibil sebanyak RM2.0 bilion akan menyediakan Kumpulan dengan prospek kewangan yang stabil bagi 2 hingga 3 tahun akan datang. Kini, LBS terlibat dengan 19 projek yang sedang berjalan. Kami berhasrat untuk mencapai sasaran jualan hartanah sebanyak RM1.8 bilion pada tahun ini daripada pelbagai projek pembangunan dengan GDV sebanyak RM3.51 bilion, dibina di lokasi-lokasi strategik seperti Lembah Klang, Johor, Pahang dan Perak.”
Beliau menambah, “Di LBS, kami tekad untuk memastikan pemuliharaan alam sekitar, tanggungjawab sosial dan amalan tadbir urus (ESG) yang baik. Rangka Kerja Pembiayaan Kelestarian LBS, yang diberikan Penilaian Bon Impak “Emas” oleh MARC Ratings Berhad merupakan bukti komitmen ESG kami. Menerusi program Misi Hijau yang menyasarkan biodiversiti, tenaga, air dan pengurusan sisa dengan jalinan kerjasama Malaysia Green Technology and Climate Change untuk projek hijau, kami bermatlamat untuk mencapai pelepasan karbon sifar bersih menjelang 2050, selaras dengan Pelan Hala Tuju Peralihan Tenaga Negara (NETR).”
Setakat 31 Disember 2023, simpanan bank tanah Kumpulan meliputi kawasan seluas 2,767 ekar memastikan LBS kekal bersaing bagi tempoh 10 hingga 15 tahun akan datang.
Celebrating Diversity and Unity within the LBS Community
Petaling Jaya, 9 February 2024 – LBS Bina Group Berhad (“LBS” or the “Group”), a renowned developer guided by people-first values, hosted its annual town hall meeting on 6 February 2024, marking a significant milestone by incorporating a celebrative cultural feast for the first time.
The event marked a memorable celebration for employees at SJK (C) Sg. Way, the inaugural venue for the town hall meeting initiated in 2012. Over the years, LBS has witnessed remarkable growth, evolving from a team of 160 to a substantial workforce of over 800 employees.
Under the central theme of ‘Celebrating Diversity and Strengthening Unity,’ the occasion represented a significant milestone in fostering an inclusive community. Employees adorned themselves in traditional attire, emphasizing the sense of unity within the LBS family. The event commenced with a dignified Traditional Lion Dance on stage, setting the tone for a series of cultural activities and performances.
Noteworthy participants included representatives from the publicly listed subsidiary MGB Berhad and Zhuhai International Circuit Limited (ZIC), contributing to the overall festive ambiance and prosperity of the celebration. The event encapsulated a professional atmosphere, highlighting LBS’s commitment to both corporate excellence and cultural appreciation.
The successful engagement is indeed a reflection of the company’s growth in being able to bridge a cultured community through the power of flexibility, adaptability, and mutual respect nurtured among each other.
Tan Sri Ir. (Dr.) Lim Hock San, Group Executive Chairman of LBS and MGB Berhad, said, “2023 was an achievement-filled year applicable in both personal, cultural, and corporate contexts. Similarly, I envision the team to continue staying united not just as the employees of LBS but as a talented family which will continue our success journey ahead.”
The focal point of the meeting brought to light the key priorities for 2024, encompassing strategy, innovation, culture, and financial governance, all centred around one objective: Sustainability. This underscores our ongoing commitment to nurture and cultivating a sustainable workforce, aligning with the company’s broader mission to contribute significantly to the community through the progressive green building practices.
The stage also featured insights on advanced AI, digitalization, and construction technology initiatives. These endeavours hold the potential to position our organization as a prominent leader in the Construction Industry 4.0, reflecting our dedication to staying at the forefront of industry trends and advancements.
Furthermore, LBS will navigate its journey through its ESG initiatives set for the year. Sustainability stands as a critical component of Malaysia’s current development landscape, and LBS is poised to share its efforts in kick-starting its action plan towards achieving net-zero carbon emissions by 2050.
“Our success is not merely measured in numbers but through the sustainable impact we create for our community. To achieve this vision, we recognize the imperative of cultivating a sustainable workplace culture from within as employers. We are committed to providing our employees with the necessary platforms and opportunities, be it through educational initiatives, training programs, or the creation of a flexible environment that enables them to thrive and adapt. This empowerment will enable them to drive the sustainable impact we aspire to have within the community” says Dato’ Cynthia Lim, the Executive Director.
-End-
For Immediate Release
LBS Town Hall Meeting 2024
Celebrating Diversity and Unity within the LBS Community
Petaling Jaya, 9 February 2024 – LBS Bina Group Berhad (“LBS” or the “Group”), a renowned developer guided by people-first values, hosted its annual town hall meeting on 6 February 2024, marking a significant milestone by incorporating a celebrative cultural feast for the first time.
The event marked a memorable celebration for employees at SJK (C) Sg. Way, the inaugural venue for the town hall meeting initiated in 2012. Over the years, LBS has witnessed remarkable growth, evolving from a team of 160 to a substantial workforce of over 800 employees.
Under the central theme of ‘Celebrating Diversity and Strengthening Unity,’ the occasion represented a significant milestone in fostering an inclusive community. Employees adorned themselves in traditional attire, emphasizing the sense of unity within the LBS family. The event commenced with a dignified Traditional Lion Dance on stage, setting the tone for a series of cultural activities and performances.
Noteworthy participants included representatives from the publicly listed subsidiary MGB Berhad and Zhuhai International Circuit Limited (ZIC), contributing to the overall festive ambiance and prosperity of the celebration. The event encapsulated a professional atmosphere, highlighting LBS’s commitment to both corporate excellence and cultural appreciation.
The successful engagement is indeed a reflection of the company’s growth in being able to bridge a cultured community through the power of flexibility, adaptability, and mutual respect nurtured among each other.
Tan Sri Ir. (Dr.) Lim Hock San, Group Executive Chairman of LBS and MGB Berhad, said, “2023 was an achievement-filled year applicable in both personal, cultural, and corporate contexts. Similarly, I envision the team to continue staying united not just as the employees of LBS but as a talented family which will continue our success journey ahead.”
The focal point of the meeting brought to light the key priorities for 2024, encompassing strategy, innovation, culture, and financial governance, all centred around one objective: Sustainability. This underscores our ongoing commitment to nurture and cultivating a sustainable workforce, aligning with the company’s broader mission to contribute significantly to the community through the progressive green building practices.
The stage also featured insights on advanced AI, digitalization, and construction technology initiatives. These endeavours hold the potential to position our organization as a prominent leader in the Construction Industry 4.0, reflecting our dedication to staying at the forefront of industry trends and advancements.
Furthermore, LBS will navigate its journey through its ESG initiatives set for the year. Sustainability stands as a critical component of Malaysia’s current development landscape, and LBS is poised to share its efforts in kick-starting its action plan towards achieving net-zero carbon emissions by 2050.
“Our success is not merely measured in numbers but through the sustainable impact we create for our community. To achieve this vision, we recognize the imperative of cultivating a sustainable workplace culture from within as employers. We are committed to providing our employees with the necessary platforms and opportunities, be it through educational initiatives, training programs, or the creation of a flexible environment that enables them to thrive and adapt. This empowerment will enable them to drive the sustainable impact we aspire to have within the community” says Dato’ Cynthia Lim, the Executive Director.
Petaling Jaya, 9 Februari 2024 – Pemaju perumahan terkemuka pilihan rakyat, LBS Bina Group Berhad (“LBS” atau “Kumpulan”), telah menganjurkan Mesyuarat “Town Hall” tahunan pada 6 Februari 2024, melakar pencapaian penting dengan gabungan majlis makan malam syarikat buat julung kalinya.
Majlis yang berlangsung di SJK (C) Sg. Way, turut mengimbau kenangan lokasi Mesyuarat “Town Hall” kali pertama yang diadakan pada tahun 2012. LBS telah menyaksikan pertumbuhan sumber manusia yang luar biasa dan berkembang daripada 100 kepada 800 orang pekerja pada hari ini.
Dengan tema ‘Meraikan Kepelbagaian dan Memperkukuh Perpaduan,’ majlis itu dilihat sebagai pencapaian signifikan di dalam memupuk komuniti inklusif. Para kakitangan memakai busana tradisional, memaparkan perpaduan yang terjalin erat di kalangan warga LBS. Persembahan kebudayaan Tarian Singa turut diselitkan sebagai lambang perayaan Tahun Baru Cina yang bakal disambut tidak lama lagi.
Wakil daripada subsidiari LBS termasuk MGB Berhad dan Zhuhai International Circuit Limited (ZIC) turut memeriahkan majlis. Mesyuarat Town Hall yang bertemakan budaya ini menunjukkan komitmen LBS terhadap kecemerlangan korporat sekali gus menghargai budaya berbilang kaum di kalangan warga LBS.
Penglibatan kakitangan pada acara tersebut sememangnya menzahirkan pertumbuhan syarikat dalam mengeratkan komuniti melalui tolak ansur, di samping penerapan saling hormat menghormati di antara satu sama lain.
Tan Sri Ir. (Dr.) Lim Hock San, Pengerusi Eksekutif Kumpulan LBS dan MGB Berhad, mengulas, “Tahun 2023 merupakan tahun yang penuh pencapaian luar biasa baik dalam konteks peribadi, budaya dan korporat. Harapan saya agar kakitangan LBS kekal teguh bersatu, bukan sahaja sebagai tunggak syarikat tetapi sebagai sebuah keluarga yang konsisten dengan kejayaan berterusan di masa hadapan.”
Mesyuarat itu turut berkongsi matlamat utama syarikat 2024, merangkumi strategi, inovasi, budaya dan tadbir urus kewangan, dengan satu objektif: Kelestarian. Ini menunjukkan komitmen berterusan LBS untuk memupuk tenaga kerja yang lestari, selaras dengan misi syarikat untuk menyumbang kepada pembangunan komuniti menerusi amalan progresif bangunan hijau.
Pengisian lain turut merangkumi penggunaan AI pendigitalan dan teknologi pembinaan. Usaha ini berpotensi untuk menempatkan organisasi kami sebagai peneraju terkemuka dalam Industri Pembinaan 4.0 sekali gus menunjukkan dedikasi kami untuk kekal di barisan hadapan selaku pemain industri demi kemajuan industri.
Selain itu, LBS akan mengemudi perjalanannya menerusi inisiatif ESG yang telah ditetapkan tahun ini. Kelestarian merupakan komponen penting dalam landskap pembangunan semasa di Malaysia, dan LBS bersedia berkongsi usahanya dalam memulakan pelan tindakannya ke arah mencapai matlamat pelepasan karbon sifar bersih menjelang 2050.
“Kejayaan kami bukan sahaja diukur dari angka, ianya juga melalui impak kelestarian yang dibina untuk komuniti kami. Tahun ini, LBS bertekad untuk memenuhi piawaian persekitaran di samping memupuk budaya kerja lestari di kalangan pengurusan. Kami komited untuk menyediakan platform dan peluang kepada semua kakitangan melalui inisiatif pendidikan, program latihan di samping persekitaran yang fleksibel untuk perkembangan kerjaya yang positif. Pengukuhan inisiatif tersebut akan memberi inspirasi berterusan untuk memacu impak kelestarian di dalam komuniti”, ujar Dato’ Cynthia Lim, Pengarah Eksekutif.
-Tamat-
UNTUK SIARAN SEGERA
Mesyuarat ‘Town Hall’ LBS 2024
Rai Kepelbagaian dan Perpaduan Komuniti LBS
Petaling Jaya, 9 Februari 2024 – Pemaju perumahan terkemuka pilihan rakyat, LBS Bina Group Berhad (“LBS” atau “Kumpulan”), telah menganjurkan Mesyuarat “Town Hall” tahunan pada 6 Februari 2024, melakar pencapaian penting dengan gabungan majlis makan malam syarikat buat julung kalinya.
Majlis yang berlangsung di SJK (C) Sg. Way, turut mengimbau kenangan lokasi Mesyuarat “Town Hall” kali pertama yang diadakan pada tahun 2012. LBS telah menyaksikan pertumbuhan sumber manusia yang luar biasa dan berkembang daripada 100 kepada 800 orang pekerja pada hari ini.
Dengan tema ‘Meraikan Kepelbagaian dan Memperkukuh Perpaduan,’ majlis itu dilihat sebagai pencapaian signifikan di dalam memupuk komuniti inklusif. Para kakitangan memakai busana tradisional, memaparkan perpaduan yang terjalin erat di kalangan warga LBS. Persembahan kebudayaan Tarian Singa turut diselitkan sebagai lambang perayaan Tahun Baru Cina yang bakal disambut tidak lama lagi.
Wakil daripada subsidiari LBS termasuk MGB Berhad dan Zhuhai International Circuit Limited (ZIC) turut memeriahkan majlis. Mesyuarat Town Hall yang bertemakan budaya ini menunjukkan komitmen LBS terhadap kecemerlangan korporat sekali gus menghargai budaya berbilang kaum di kalangan warga LBS.
Penglibatan kakitangan pada acara tersebut sememangnya menzahirkan pertumbuhan syarikat dalam mengeratkan komuniti melalui tolak ansur, di samping penerapan saling hormat menghormati di antara satu sama lain.
Tan Sri Ir. (Dr.) Lim Hock San, Pengerusi Eksekutif Kumpulan LBS dan MGB Berhad, mengulas, “Tahun 2023 merupakan tahun yang penuh pencapaian luar biasa baik dalam konteks peribadi, budaya dan korporat. Harapan saya agar kakitangan LBS kekal teguh bersatu, bukan sahaja sebagai tunggak syarikat tetapi sebagai sebuah keluarga yang konsisten dengan kejayaan berterusan di masa hadapan.”
Mesyuarat itu turut berkongsi matlamat utama syarikat 2024, merangkumi strategi, inovasi, budaya dan tadbir urus kewangan, dengan satu objektif: Kelestarian. Ini menunjukkan komitmen berterusan LBS untuk memupuk tenaga kerja yang lestari, selaras dengan misi syarikat untuk menyumbang kepada pembangunan komuniti menerusi amalan progresif bangunan hijau.
Pengisian lain turut merangkumi penggunaan AI pendigitalan dan teknologi pembinaan. Usaha ini berpotensi untuk menempatkan organisasi kami sebagai peneraju terkemuka dalam Industri Pembinaan 4.0 sekali gus menunjukkan dedikasi kami untuk kekal di barisan hadapan selaku pemain industri demi kemajuan industri.
Selain itu, LBS akan mengemudi perjalanannya menerusi inisiatif ESG yang telah ditetapkan tahun ini. Kelestarian merupakan komponen penting dalam landskap pembangunan semasa di Malaysia, dan LBS bersedia berkongsi usahanya dalam memulakan pelan tindakannya ke arah mencapai matlamat pelepasan karbon sifar bersih menjelang 2050.
“Kejayaan kami bukan sahaja diukur dari angka, ianya juga melalui impak kelestarian yang dibina untuk komuniti kami. Tahun ini, LBS bertekad untuk memenuhi piawaian persekitaran di samping memupuk budaya kerja lestari di kalangan pengurusan. Kami komited untuk menyediakan platform dan peluang kepada semua kakitangan melalui inisiatif pendidikan, program latihan di samping persekitaran yang fleksibel untuk perkembangan kerjaya yang positif. Pengukuhan inisiatif tersebut akan memberi inspirasi berterusan untuk memacu impak kelestarian di dalam komuniti”, ujar Dato’ Cynthia Lim, Pengarah Eksekutif.
Relive the joy and splendor of LBS Bina Group Berhad’s “Majlis Menjunjung Kasih dan Rumah Terbuka” in celebration of Chinese New Year 2024!
Watch highlights from the event held on the 24th Jan at Shangri-la Hotel, graced by YDP Agong Al-Sultan Abdullah and Raja Permaisuri Agong Tunku Azizah.
Our Annual Media Briefing is making a comeback, and this time, we are thrilled to host it at the LBS Headquarters!
With over 100 media partners present, join us as Tan Sri Ir. (Dr.) Lim Hock San recaps the performance of 2023 and provides a preview of what awaits us in 2024.
Tan Sri Ir. (Dr.) Lim Hock San, Group Executive Chairman of LBS and MGB alongside the esteemed board of directors and senior management, Dato’ Beh Hang Kong, Dato’ Abdul Majit, Isaac Lim, Datuk Richard Lim, Dato’ Lim Han Boon, Dato’ Sri Barry Lim, Dato’ Sri Daniel Lim, Puan Sri Karen Wang, Datuk Wira Joey Lim, Dato’ Cynthia Lim, Pn Nor Salinun, Pn Noor Fansyurina, Pn Nadhirah and Lucas Lim (from left).
Tan Sri Ir. (Dr.) Lim Hock San accompanied by Puan Sri, officiates LBS 2024 Chinese New Year Dinner featuring cultural lion dance and drum performance. The special evening was dedicated to all of LBS reputable business and media associates in honor of their continuous support.
Tan Sri Ir. (Dr.) Lim Hock San alongside the board of directors during the Yee Sang tossing session, bringing prosperity and great fortune for the year of 2024.
Despite what many people think, the cost involved when buying a house is not limited to the 10% down payment. Find out the 7 other costs homebuyers need to consider when owning a house including stamp duty fees, legal fees for the SPA and loan agreement as well as property valuation fees.
Hunting for a dream home is an experience that a first-time home buyer is not likely to forget. However, you might overlook certain critical elements in calculating the total expenditure of acquiring your home as many buyers are likely to focus only on the biggest expenditure involved – the property’s 10% down payment or deposit. You might be further enticed by promotions, discounts and rebates by developers.
However, there are other important costs in the home purchasing process that you need to factor in, especially towards the end of the transaction. These are variable, third-party fees that are often referred to as closing costs. Ignore them and you may risk financial setbacks and disappointment in realising your dreams of owning a home.
Below are a few significant closing costs that you need to include in your property budget planning:
1. Stamp duty fees
An unavoidable cost in real estate purchases, stamp duty is the tax placed on your property documents during the sale or transfer of the property – as specified under the First Schedule of Stamp Duty Act 1949. The sale or transfer of properties in Malaysia which are chargeable with stamp duty must be stamped within 30 days from the date of the execution (property transaction). The tax includes:
stamp duty on the Sale and Purchase Agreements (SPA) of your property – this costs only RM10
stamp duty on the instruments of transfer – Memorandum of Transfer (MOT) or Deed of Assignment (DOA). The stamp duty is calculated based on a tiered system as shown in the table below.
stamp duty on your loan agreement – a flat rate of 0.5% of the total loan.
Latest stamp duty fees on the MOT or DOA
Price Tier
Stamp Duty (% of property price)
First RM100,000
1%
Next RM400,000 (RM101,000 – RM500,000)
2%
The following amount up to RM1 million (RM500,001 – RM 1 million)
3%
Thereafter (> RM1 million)
4%
How is stamp duty calculated in Malaysia?
For instance, when purchasing a property which costs RM750,000, you will have to pay a total of:
{(First RM100,000 X 1%) + (Next RM400,000 X 2%) + (Remaining RM250,000 X 3%) } + 0.5% of loan amount (90% of RM750,000) + RM10 for stamp duty on SPA = {RM1,000 + RM8,000 + RM7,500} + 0.5% X (RM675,000) + RM10 = RM16,500 + RM3,375 + RM10 =RM19,885
Payment of stamp duty for MOT
The Memorandum of Transfer or MOT has to be signed by a new property owner (strata or individual ownership) to transfer ownership of the property from the developer or old owner, for secondary or subsale properties. For an MOT to be valid, the document must be stamped and adjudicated at the Inland Revenue Board and stamp duty paid accordingly. This stamp duty will usually be paid by a law firm appointed by the homebuyer.
During the recent tabling of Budget 2024, the government announced that it first-homebuyers who purchase residential properties worth between RM500,001 to RM 1 million will enjoy a 75% stamp duty exemption up to 31 December 2023. This stamp duty holiday was increased from the 50% exemption announced in July 2022, under the Keluarga Malaysia Home Ownership Initiative or i-MILIKI.
Besides that, it was announced in end of 2020 that a full stamp duty exemption will be given to both instruments of transfer and loan agreement for the purchase of a first home worth not more than RM500,000 – the home can either be a new-launch or a subsale property:
To receive this exemption, the following criteria must be met:
This exemption will be for a SPA that is completed between 1 January 2021 to 31 December 2025.
It is only applicable to residential properties, excluding SOHO/SOFO/SOVO types, as well as serviced residences built for commercial use.
First-time homebuyers must be Malaysian citizens.
The buyer must not already own a residential property; if he/she has inherited a property or was given one (no matter if it’s an individual or joint ownership), then he/she is no longer eligible.
The exemption is given at 2 stages of transfer, i.e. from the property developer to a qualifying financial institution/bank, and from the bank to the Malaysian citizen.
2) Stamp duty exemption for property transfer between family members
For the transfer of property by way of love and affection between parents and children, grandparents and grandchildren – Stamp duty on the instruments of transfer of property will be fully exempted, limited to the first RM1 million of the property’s value.
The remaining balance of the property’s value is subject to the existing stamp duty tier and a 50% remission is provided on the stamp duty imposed. This exemption applies for instruments of transfers executed from 1 April 2023 and is only applicable for Malaysian citizens.
3) Stamp duty exemption on abandoned housing projects
A stamp duty exemption also applies to instruments executed by a rescuing contractor or property developer on or after 1 January 2013 but not later than 31 December 2025. This is described as a contractor or a developer who is appointed or approved by the Minister of Housing and Local Government to carry on rehabilitation works for an abandoned project.
The instruments are loan agreements approved by the approved financier and instruments of transfer for the purpose of transferring a revived residential property in relation to the abandoned project.
2.Legal fees
Unless you have a legal background and possess some of the required expertise and knowledge, you are most likely to engage in legal assistance for your real estate purchase. Your appointed solicitor will prepare all the necessary documents and contracts to facilitate the transfer of the property.
The legal fees for preparation of the Sale and Purchase Agreement are calculated as a percentage of the purchase price, varying from 0.25% up to 1% depending on the value of the homes.
How are legal fees calculated in Malaysia?
The legal fee rates in Malaysia are as below:
PRICE TIER
LEGAL FEE (% of property price)
First RM500,000
1%
Next 500,000 (RM500,001 – RM 1 million)
0.8%
Following RM2,000,000 (RM1,000,001 – RM 3 million)
0.7%
Next RM2,000,000 (RM3,000,001 – RM 5 million)
0.6%
Thereafter (> RM 5 million)
0.5%
Say for instance you are purchasing a residential property which costs RM750,000, you will have to pay a total of:
(First RM500,000 X 1%) + (Next RM250,000 X 0.8%) = RM5,000 + RM2,000 = RM7,000
Beyond owning your own residential property, a first-time homebuyer should also look ahead to the possibility of eventually selling the property in the future.
This might be for a number of reasons – you might want to upgrade, leave the area for a new job, find a home better suited to your preference or just sell it to profit from capital growth when the market is booming. Regardless, disposing your home to a new buyer will entail paying real property gains tax (RPGT). RPGT is a form of Capital Gains Tax in Malaysia levied by the Inland Revenue (LHDN) and is chargeable upon profit made from the sale of your land or real property.
Having some knowledge of RPGT could help you sell your property at the right time and save you a lot of money!
RPGT exemption in 2022 and 2023
Under the recent Budget 2022, Finance Minister Tengku Zafrul announced that the government will no longer impose Real Property Gains Tax or RPGT for residential property disposals by individuals comprising Malaysian citizens and permanent residents starting from the sixth year. This means that the RPGT rate for property disposals in the 6th year and subsequent years of property ownership is to be reduced to 0%, effective from 1 Jan 2022.
RPGT rates effective from January 1, 2022
RPGT Rates
Individuals (Citizens & PRs)
Individuals (Non- Citizens & Foreigners)
Companies
Disposal in 1st year
30%
30%
30%
Disposal in 2nd year
30%
30%
30%
Disposal in 3rd year
30%
30%
30%
Disposal in 4th year
20%
30%
20%
Disposal in 5th year
15%
30%
15%
Disposal in 6th year & beyond
0% (Reduced from 5%)
10%
10%
Those who dispose of their home after less than 3 years will be still charged 30% RPGT; 20% in year 4 and 15% in year 5.
Bear in mind that there are other RPGT exemptions for the following conditions:
An exemption of 10% of profits or RM10,000 per transaction for Malaysian citizens and permanent residents (whichever is higher) for these 2 scenarios:
1. If an asset is transferred as a gift by a donor who is a Malaysian citizen and the acquirers are either husband and wife, parent and children or grandparents and grandchildren. This exemption is not applicable for transfers between siblings. 2. Once-in-a-lifetime exemption on the chargeable gain on disposal of 1 private residence by a Malaysian citizen or Permanent Resident (PR).
Homeowners who own low or medium-cost housing priced below RM200,000 are exempted from RPGT when disposing of their property.
4. Property agent fees
If you engage property or real estate agents, especially in securing residential property in the secondary market, their fees will be an additional cost on top of the price you pay for your home. Although most buyers nowadays are aware of this, there are some who do not factor agent fees into the total cost. This could be a setback, especially if you are on a tight budget.
The maximum fee chargeable on services provided by agents on the sale of any land and building is normally 3%, although many brokers and agents charge less than that on a case-to-case basis.
As a buyer, make sure that you negotiate and confirm your estate agent fees before officially engaging them to represent you in any property transactions. This will help when calculating your total cost in advance.
5. Property valuation fees
Unless you’re paying for the property in cash, you’re likely to be looking for a housing loan from banks to fund the purchase. Financial institutions will usually require a valuation of the property before approving the loan amount, and most banks will charge a fee for these valuations.
How are valuation fees calculated?
Similar to the legal fees, the valuation fee for real estate is usually borne by the buyer and is calculated as a percentage of the purchase price.
For first RM100,000.00 =0.25% Next residue up to RM2 million = 0.2% Next residue up to RM7 million = 0.167% Next residue up to RM15 million = 0.125% Next residue up to RM50 million = 0.10%
Factors which determine your property valuation
Understanding the factors which make a property more (or less) valuable will help to assist purchasing/investment decisions. Usually, a residential property’s valuation is impacted by the following:
Location
The value of a property is generally higher the nearer it is to the city centre. On the flip side, if the home is within the vicinity of something undesirable such as a cemetery, power stations or a waste disposal area – that could bring down the property’s value.
Accessibility and amenities
The value of a property is generally increased if it is near major highways, public transit nodes such as the MRT and LRT, and conveniences such as clinics and private hospitals, educational institutions, banks and shopping malls, as well as international or private schools.
Maintenance and renovations
This would apply for subsale properties – Valuers will take into account maintenance and renovation works done which enhance the livability and aesthetic value of the property.
Quality of construction
A building that is made of high-quality materials might hold together longer before having any issues, thus these will be valued higher. Homes that were constructed over a decade ago can still fetch a premium price due to the quality of the building materials, workmanship and structural design.
Most banks will require buyers to purchase insurance on their homes as part of the housing loan package to protect the value of the property. The common option includes:
Mortgage Reducing Term Assurance (MRTA)
MRTA is the most popular and economical option for property loan borrowers and is usually packaged as an option when applying for a home loan at a bank. It is a single premium group term life insurance that pays your outstanding home loan in event of your death or total permanent disability (TPD).
The costs of MRTA are dependent on the age of the borrower (usually the older the borrower, the higher the MRTA) and the total mortgage on the property (usually estimated at 3% to 5% of the total mortgage).
Mortgage Level Term Assurance (MLTA)
MLTA offers repayment of your outstanding home loan as well as a guaranteed cash value back at the end of the scheme. This cash benefit will help keep your family afloat in the event of your death or total permanent disability (TPD). Unlike the MRTA, anyone can be a beneficiary for an MLTA, the policy-holder can nominate any family member to receive the pay-out should something happen to him or her.
An MLTA’s sum assured remains constant or level throughout the policy’s tenure period. The most important thing about this mortgage insurance is that the insurance proceeds are credit-proof and will not be frozen.
Term Life insurance
This is the oldest and most common life insurance which offers your family (beneficiary) a lump sum payment (sum assured) in event of your death or TDP during your policy tenure (similar to MLTA).
However, the premium structure is akin to the MRTA but is more flexible as you and your loved ones will be protected as long as you pay the premium and it can be terminated at any point in time. Policy-holders can also extend the coverage by adding critical illness into the condition in return for a slightly higher premium.
For example, after you have completed the purchase of the house, you might want to change wall colours, doors, floorings, windows, fences, roofing, rooms and other elements of the house to suit your preferences. These could easily add up to your total costs, depending on whether the renovations involved are major or minor.
Celebrating the journey of our community with LBS Homes!
The path to unlocking your dream home is paved with years of saving, hard work, and perseverance. It is indeed an achievement worthy of celebration.
Within this collection, we’ve captured these special moments within our community and can’t wait to share them with you. LBS is delighted to be a part of your homeownership journey, and we eagerly look forward to many more exciting moments ahead!
Are you an LBS Homeowner? Join our Loyalty Program here: rewards.lbs.com.my