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20210715 LBS FOUNDATION STAYS CONSISTENT IN HELPING THE NEEDY

For Immediate Release

LBS Foundation Stays Consistent to Helping the Needy
Donation of RM40,000 to the Affected

 

Petaling Jaya, 15.07.2021 – LBS Foundation, an organization that manages the corporate social responsibility activities for LBS Bina Group, has recently took the initiative to make donations to a number of NGOs as well as individuals who were affected by the pandemic in addition to the constraints caused by the implementation of the Enhanced Movement Control Order (EMCO).

Among the recipients of donations include the Persatuan Kebajikan Chen Ai, in Petaling Jaya which comprises of the disabled and the elderlies who suffer from mental disorders, spinal cord injuries, learning disabilities, Autism and other conditions. The donations from LBS Foundation are used to aid the staff as well as residents of the welfare home in covering their monthly expenses.

Aside from that, in June this year, LBS Foundation also contributed a few units of hospital beds and monetary donation to the Emergency Unit at Banting Hospital, Selangor. This contribution is used to help in some of the hospital’s needs in dealing with COVID-19 cases referred to the hospital which has a hybrid referral status.

Simultaneously, LBS Foundation also made donations to Tzu Chi Malaysia Taiwan Buddhist Foundation to help the Malaysia Solidarity COVID-19 Fund in covering for the medical needs in several hospitals and subsequently channeled to B40 families affected by the COVID-19 pandemic.

Not limited to assisting organizations and relevant charities, LBS Foundation also managed to get in touch with 13 families within Selangor, Kuala Lumpur and Pulau Pinang whereby their incomes have been severely affected by the pandemic and are in serious need of various forms of assistance, be it in terms of daily essentials or medical needs. Through the collaboration with Pharmaniaga Berhad, the families listed will receive cash donations as well as basic medical supplies for daily use.

LBS Foundation Board of Trustees, Tan Sri Lim Hock San said “The effects of the COVID-19 outbreak have negatively impacted the lives of some communities and have completely overturned their lives. We hope that this contribution will lessen the burden of those affected as well as serve as a form of encouragement for the communities that are capable of contributing to assist the needy during these challenging times.”

For more information on LBS Foundation and its related activities, do visit our official website at lbsfoundation.com.my or follow us on our official social media pages, fb.me/lbsfoundationmy and instagr.am/lbsfoundationmy.

: [email protected]

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All You Need To Know About Mortgages

Finding the right home can be tricky, from the location, to the type, the design as well as size. But eventually it all comes down to what you can afford. As we’ve mentioned earlier, it’s very important to differentiate between wanting to buy a property and being able to afford one.

Here, we’ll be talking about mortgages and how you too can finance your home the right way.

The most important question you should ask yourself is “how much can I afford and how much can I borrow?” The percentage of down payment you pay at the beginning will affect the amount of monthly mortgage payments you pay later on. If you can afford to pay a higher down payment, then you will be borrowing less, thus lower mortgage payment every month.

When determining how much you can afford to pay for your home, there are a few things you might want to consider:

  1. down payment amount,
  2. monthly expenses,
  3. credit rating, and
  4. income.

The simple rule to follow; your collective monthly debt should not exceed a third of your monthly income. This debt includes any car payments, education loans or any other costs you have on a monthly basis. Working out your collective debt plan will help determine a ceiling price for the mortgage you are able to afford. We advise you to calculate the amount of mortgage you can afford before considering a property.

The amount you can borrow is determined on the value of your property, your income and your repayment capability. When looking for an ideal loan, do consider the interest rate and the duration of the loan. The higher the interest rate, the more money you will pay each month. Interest rates can be fixed or adjustable. Adjustable interest rates change overtime whereas fixed interest rates remain the same.

As for the financing, you have the choice of conventional financing or Islamic financing. Under conventional financing, your loan consists of a principal amount, plus the interest charged on you. Islamic financing works on a different concept of buying and selling, where the financial institution purchases the property and then sells it to you higher than the purchased price.

It’s important to pay attention to every little detail, like the margin of finance, the lock-in period, as well as branch location. It’s just as important that you keep in mind all the other fees involved in purchasing a home. It is obviously not just going to cost you the down payment and the subsequent mortgages. Other fees such as the legal fee, insurance fee, transaction fee etc. are items you would need to calculate in as well.

Generally, most mortgages are calculated for either 15 years or 30 years. A 30-year mortgage involves a lower monthly payment than a 15-year mortgage for the same amount, but the total amount paid in interest will be greater. The following reference can be used when calculating the best mortgage rates: https://www.imoney.my/home-loan.

Always remember, choose a mortgage plan that meets your needs best and is carried out with the least amount of financial strain.

References:

  1. http://www.mortgagecalculator.net/buyers-guide/
  2. http://www.iproperty.com.my/financing/faqs.aspx#22
  3. http://www.iproperty.com.my/news/8992/5-common-home-loan-mistakes-to-avoid

20210707 LBS LAUNCHES VACCI-NATION BONANZA WITH A TOTAL OF RM847,000 CASH INCENTIVES AWAITS

For Immediate Release

LBS LAUNCHES VACCI-NATION BONANZA

WITH A TOTAL OF RM847,000 CASH INCENTIVES AWAITS

 

Petaling Jaya, Selangor, 7 July 2021 – Leading township developer, LBS Bina Group Berhad (LBS) has launched its latest marketing campaign called Vacci-Nation Bonanza! With this, owning your dream house is hassle-free and topped with additional perks if you are in line for vaccination! In addition, our homebuyers still stand a chance to win lucky draw prizes worth more than RM1 million!

 

Under Vacci-Nation Bonanza, homebuyers of LBS participating properties can enjoy more than RM565,000 cash incentives. To support the increase in vaccine uptake and achieve herd immunity, LBS will also be giving out extra cash incentives of up to RM282,000 for homebuyers who have registered for their COVID-19 vaccination or those who have been vaccinated!

 

“As the ‘People’s Developer’, LBS remains committed to supporting the government’s housing agenda by launching Vacci-Nation Bonanza, allowing homebuyers to enjoy huge savings when they purchase selected LBS residential properties. The campaign period begins from 1st July 2021 to 30th September 2021. During this patriotic month of Malaysia’s Independence Day and Malaysia Day, we hope these cash incentives can help promote rakyat homeownership and vaccination,” LBS Executive Chairman Tan Sri Lim Hock San said.

 

LBS is offering 8 awesome deals under Vacci-Nation Bonanza, which includes:

  1. Home Ownership Campaign (HOC) Goodies
  2. Free Legal Fees
  3. LBS Fabulous 20-21 Lucky Draw
  4. Low Booking Fees
  5. Loyalty Rewards
  6. Flexi Payment Scheme
  7. Zero Exit Fee
  8. Home Furnishing Package

 

As a part of the Vacci-Nation Bonanza, LBS also further extended LBS Fabulous 20-21 Lucky Draw, homebuyers of any LBS participating properties get a chance to be in the running to win lucky draw prizes worth more than RM1,000,000, such as Proton X50, Laptops and Tablets.

 

For more information on the Vacci-Nation Bonanza, stay updated at https://virtualfair.lbs.com.my/, websites or call 1700 81 8998.

 

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20210629 DIGITAL PLATFORMS HELPED REACH OUT TO POTENTIAL BUYERS

For Immediate Release

 

DIGITAL PLATFORMS HELPED REACHED OUT TO

POTENTIAL BUYERS

Secured close to RM 274 million bookings during FMCO

 

(Petaling Jaya, 29 June 2021) – Leading township developer, LBS Bina Group Berhad (LBS) has been in high gear when it comes to pre-empting the uncertainties caused by the COVID-19 pandemic.

 

Even prior to Movement Control Order (MCO), LBS has foreseen the potential of digitalization. While continuing to strengthen its mainstream platforms, LBS was quick to transition into digital platforms to better reach out to its target audience, particularly to young house buyers. The online platforms include but are not limited to virtual showrooms, websites, email marketing (EDM), as well as social media platforms namely WhatsApp, Facebook, Instagram, and YouTube.

 

Before the reopening of physical showrooms, LBS strives to bring the most realistic virtual showroom viewing experience to potential buyers. This was proven in early January 2021 when LBS launched their latest Virtual Property Page where homebuyers get to explore all LBS’s existing properties in high definition from the comfort of their homes.

 

Despite the Full Movement Control Order (FMCO), LBS was able to achieve a total of RM 274 million worth of bookings from 1 June 2021 to 28 June 2021.  As of 28 June 2021, LBS garnered RM601 million in sales with bookings in the pipeline of RM665.9 million.

 

In addition, LBS also introduced its latest marketing campaign #DudukRumah Deals 3.0 in June where homebuyers get to secure their dream home with a booking fee of just RM200. To top it off, homebuyers stand a chance to win more than RM445,000 worth of Duit Raya from the ongoing Raikan Rezeki Bersama LBS campaign, and lucky draw prizes worth more than RM1 million. The campaign is set to end on 30th June 2021, so head over to https://raya.lbs.com.my/ to find out more.

 

With the recent extension of Home Ownership Campaign (HOC) until 31st December 2021, there is no better time to secure one’s dream home thanks to the exemptions that will alleviate financial burdens for homebuyers.

 

“With the helping hand of government policies, creative campaigns, and efficient use of both mainstream and digital platforms, and ultimately, building homes that tick all the right boxes by fulfilling today’s market demand, I am delighted to mention that LBS has been seeing promising booking figures,” Executive Chairman of LBS Bina Group Berhad, Tan Sri Lim Hock San said.

“This not only indicates that my team at LBS is building quality yet attainable homes but it’s also comforting to know that people’s dreams of owning their very own homes are being fulfilled despite these challenging times, and that’s what matters most,” Executive Chairman of LBS Bina Group Berhad, Tan Sri Lim concluded.

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