We are in the midst of witnessing a growth dynamic in Malaysia. It is estimated that Malaysia’s
population has increased to 33 million as at 23rd March 2023. With approximately half of all
Malaysians below the age of 30, the need to provide quality affordable housing is tremendous.

The question to be asked is: What is the solution for all this?

MGB Berhad (“MGB”) has unlocked such doors. An established construction player with a
strong track record for shaping the nation for over 10 years, MGB addresses urbanisation by
developing affordable and quality housing of the highest standards in high-rise developments
and landed properties. This is driven following the adoption of Industrialised Building System
(IBS) using precast concrete in its construction and development.

IBS precast concrete is an innovative and sustainable construction technique. The
components are manufactured in the factory, then positioned and assembled into structures
with minimal additional site work. The advantages of IBS precast concrete are often qualitative
rather than quantitative. It is anticipated that the use of IBS precast concrete has resulted in
33% savings on construction time, 31% savings on labour and overall, a 49% reduction in total
on-site labour cost. In light of the labour shortage facing the construction industry over the
past few years, the use of IBS precast concrete has alleviated the worry. In addition, with less
wastage, simpler logistics and less materials used in construction sites, it contributes towards
MGB’s environmental initiatives.

MGB first ventured into the IBS space in December 2017 through a joint venture with Sany
Construction Industry Development (M) Sdn. Bhd (a subsidiary of China-based Sany Group
Co Ltd). Upon the establishment of the joint venture, it deployed its first mobile IBS plant at
LBS Alam Perdana township in 2018. A year later, MGB opened its first permanent IBS
precast concrete plant in Nilai. Together, the two plants are capable of producing 6,000 units
of properties annually.

“We are driven by technological innovation and constantly searching for ideas to deliver quality
housing in a timely manner whilst managing costs. That turned our attention to IBS precast
concrete,” said MGB Executive Vice Chairman, Tan Sri Lim Hock San.
MGB was first exposed to the idea of IBS through roadshows and discussions with business
partners. The IBS precast system is adopted by many developed countries like Singapore and
China. Due to its market size, it is unsurprising that China is known to be one of the world’s
largest IBS precast system providers. It took multiple rounds of discussion before deciding to
forge ahead with the idea after having found a synergistic partnership with the Sany Group.

“Our venture into IBS was received with pessimism at the beginning, largely due to the
substantial CapEx involved in building an IBS plant. Our mobile and permanent IBS plant costs
us RM60 million but I am pleased to say we are reaping the benefits from our early foresight.
We are driven by technological solutions and constantly searching for opportunities that push
boundaries and surpass expectations through quality, reliability and innovation,” he further
added.

LBS Alam Perdana is a proven testament to the benefits of IBS precast concrete with homes
being delivered 6 months ahead of schedule. Comprising 673 units of double-storey terrace
houses, the initial two phases of township were the first LBS projects built by MGB using IBS
precast components. Thus far, MGB has completed 6,000 properties using IBS precast
concrete, and in our pipeline, we are looking at completing more properties and are set to
increase the number of completed properties to 10,266 units by the end of 2023. In fact, all
Rumah Idaman MBI under MGB’s purview has been built using IBS precast concrete.

Looking ahead, MGB will continue to adopt IBS precast concrete, as it believes that it serves
as an ethical foundation to achieve long-term business success for MGB. Goals are in the
pipeline to increase investments in automation to speed up efficiency and reduce costs. As a
step forward, MGB is venturing overseas as it has signed a Memorandum of Understanding
with SANY Alameriah For Construction Co., Ltd in January 2023 to operate a precast concrete
factory located in the city of Jeddah which is envisioned to supply 690,000m3 precast concrete
products. Coupled with the hope of seeing increased adoption of IBS across the construction
industry, MGB is on a steady footing ahead of the pack in the construction of developments
using innovative solutions.

-End-

If you are new to the property world and are planning to buy your own housing property, then you might want to know the difference between affordable housing and luxury housing first.

There are obvious distinctions between the two, so it is always a good idea to identify them beforehand to select the best housing property that meets your needs.

Here is a helpful comparison to know between affordable housing in Malaysia and luxury housing:

The Price Between An Affordable Housing And Luxury Housing Development

The price of affordable housing in Malaysia and luxury housing is one of the most obvious differences between the two.

When it comes to shopping for a new house, affordability should be at the top of your list. Hence, an affordable home is what you should be looking at.

Typically, the prices of affordable homes for sale in Malaysia today range between RM 200,00 to RM 380,000.

However, based on Malaysia’s property outlook in 2023, it is expected that the affordable price range of affordable housing for sale in more popular locations is around and under RM 500,000.

Luxury homes in Malaysia, on the other hand, often begin at RM 500,000 and can scale up to millions of ringgit depending on the property type such as penthouses to bungalows.

The Investment Value Of New Affordable Housing And Luxury Housing

If you are interested in buying property, then of course you will need to know the investment value of the property that you will be investing in for your future.

If you are looking for a safe and steady income to reap from your property investment, then you might want to go invest in affordable homes for sale.

This is because affordable housing is known to offer more consistent rental income as most of the population in the country who can only afford to rent prefer this option.

People today are mostly on the lookout for affordability and as long as they have a roof over their heads and their basic needs are met, renting an affordable home is the ideal choice for them.

However, luxury homes in a posh location that come with luxurious facilities and premium features do have an added advantage compared to an affordable home.

This is especially if you wish to one day sell off your property at an even better price to those who can afford it.

The Space of an Affordable Home vs Luxury Home

Another reason why a luxury home is more pricey compared to an affordable house for sale is the fact that it has a larger floor plan.

Luxury homes are no doubt so much more spacious and come with large master suites, expansive kitchens and massive bathrooms as well as other additional rooms like a theatre room, gym or gaming room.

Today, affordable housing developments are built and designed more for ‘cosy practicality’ rather than ultra-spaciousness to meet the demands of the growing middle-income population.

An affordable home though more compact still includes all the basic amenities of a home to meet your needs.

The Location Of An Affordable Home And Luxury Home For Sale

Luxury housing projects are typically developed in more strategic locations such as major townships with vast areas, expansive greenery as well as better accessibility.

Apart from that, being located in a prime location gives luxury housing easy access to hot spots, essential amenities and other conveniences.

Affordable housing projects, on the other hand, are normally developed outside of popular townships and locations and are known to be located in less-than-promising neighbourhoods.

Sometimes, affordable housing projects can also be located quite a distance away from amenities and hot spots such as schools, banks, shopping malls and others.

The Amenities And Security Of Affordable Housing Vs Luxury Housing Development

Affordable housing developments in Malaysia today normally come with basic facilities, nearby essential amenities as well as security measures.

Compared to affordable housing, luxury housing, however, offers top-notch features, from exclusive facilities to premium amenities for the high-end lifestyle where everything you need is within reach.

Apart from that, luxury homes also have a more elegant exterior as well as come with additional perks that an affordable home might not have, which include better quality security such as a smart security system.

Buy A ‘Luxury’ Affordable Housing Projects For Sale To Meet All Your Needs & More

Though living in a luxury home seems out of reach for many of us, today, there is such a thing as ‘affordable luxury’.

Here at LBS Bina, we are known for building and designing high-quality and affordably-priced houses that inspire and enhance community living.

Besides that, we also keep up with the ever-evolving trends in architectural design, giving homeowners not only comfortable living spaces but also beautifully designed homes that look luxurious.

Now, it is possible to have a taste of luxurious living at an affordable price tag with our affordable homes.

To learn more about our affordable housing projects, check out LBS Bina’s website now!

If you’re planning to launch a business or open a retail shop in Malaysia, then you are probably on the lookout for a suitable commercial property to invest in.

Selecting the best commercial property that meets the needs of your business is significant for its success.

However, having a concrete business model first and foremost is crucial in selecting the right commercial property for your business.

First things first, you will need to know exactly what your business is all about and what you are going to do.

Then, you need to know what your target market is as well as understand who your target customers are.

Once you have your business model, finding the perfect commercial property to buy won’t be too much of a challenge.

However, here are some other steps you need to take note of before settling for a commercial property:

Know Your Budget Before Buying A Real Estate Commercial Property For Sale

Similar to buying a car or a new house, you definitely need to know how much you can afford to pay for a commercial property each month.

So, determine what your budget is like and work out your monthly expenses to see how much you are willing to pay for it.

Especially if you buy a new commercial property that is just being developed, you won’t be seeing any returns on your investment just yet.

This is why you will need to know how much of your disposable income you can set aside for monthly payments.

Consider The Location Of The Commercial Property Development

Another important thing to take note of before you buy a commercial property in Malaysia is to consider its location.

This should definitely be part of your business strategy as the location can make or break your business.

Most businesses end up failing because of selecting a commercial property in the wrong location.

So, conduct extensive research on your target customer’s demographics and select a location with a wider target market.

Apart from that, you might also want to consider the accessibility of customers and the distance between the end user and the supplier.

Check out LBS for the current and available commercial properties for sale in your area.

You can discover our new commercial property launches in Malaysia by visiting our website today!

Check Out The Surroundings And Amenities Of The Commercial Shop Lot

When browsing for a commercial property for sale, you should also check whether the commercial property offers additional yet critical amenities such as parking, security, lifts and others.

You can also make future improvements to your commercial property such as having a smart security system to enhance its resale value.

Besides that, you might want to think of spending a little extra on excellent amenities as part of your marketing differentiation for your business to set it apart from your competitors.

Consider The Renovation Needed For The Commercial Retail Shop In Malaysia

Another thing you might need to consider is a possible renovation of the commercial property.

No commercial property is entirely perfect for some businesses out there so you might need to do a bit of renovation to meet the needs of your business.

Before purchasing a commercial property that requires renovation, estimate the cost and verify if it fits within your budget.

Then, examine the building to evaluate how the alterations may affect the look and feel of the surrounding neighbourhood.

Malaysia’s property market offers various types of residential properties, including diverse landed property options.

Each of these different landed houses has its own features and advantages to cater to different home buyers’ needs and wants.

So if you’re looking for a landed house that is ideal for you and your family, understanding the different types of landed property options will help you determine the best home for you.

Affordable Landed Terrace House Project For Small Families

Terrace residences are one of the most commonly developed and sought-after landed houses for sale in Malaysia because of their affordability and practicality.

Terraced housing is residences that are constructed in rows with a similar and consistent facade that is erected next to one another with two shared walls, except for the corner house unit.

Normally, terrace houses in Malaysia can be single-storey and go up to three storeys, which is spacious enough and ideal for small to medium families.

The Unique Landed Townhouse Property That Comes with Strata Title

A townhouse is a landed property that is almost similar to a terrace house as it has multiple floors that are at least two to four storeys high and is usually built in rows of four or more.

However, what sets this type of landed house in Malaysia apart from a terrace house is that it comes with a strata title of ownership, just like a high-rise property.

Though a townhouse is likely to be more affordable than a terrace house, living in a townhouse requires specific maintenance and upkeep to be shared amongst its residents.

The good thing about this is that you won’t need to shoulder the burden of costs on your own or worry about doing the maintenance and upkeep yourself.

The Spacious Bungalow For Luxurious Living

Being one of the most expensive landed house types on the list of landed properties, bungalow is meant especially for those who love and can afford the finer things in life.

A bungalow can span up to 5,000 sq ft or more and provides ample room and seclusion even for a large family.

One of the best things about a bungalow is that it offers the highest level of privacy compared to other types of landed houses for sale, so you won’t have to worry about nosy neighbours.

You will also have more freedom when it comes to designing and renovating your living spaces if you choose to live in a bungalow.

The Semi-Detached Landed Property for Enough Privacy

Another popular type of landed house development in Malaysia is the semi-detached house.

A semi-detached house is usually built in pairs, sharing a common wall and is connected to another unit with one house’s plan mirroring the other.

Compared to a terrace house, a semi-detached house is often more pricey but offers a more ample space such as a larger backyard and front porch.

This type of landed property in Malaysia is ideal for those who prefer a little more privacy and more outdoor yard space.

New Landed House Projects for Sale in Malaysia

Hunting for a new landed house to call home?

LBS is one of Malaysia’s top property developers and we build not only high-quality homes for all but also create thriving communities through our projects.

To find out more about our latest landed house projects in Malaysia, visit our website today!

The development of residential properties in Malaysia has increased in recent years to meet the demands of enthusiastic property investors and interested homebuyers.

Various kinds of residential properties can be found in Malaysia that are developed to meet the different needs and lifestyles of the growing population.

One type of residential property, in particular, such as the townhouse in Malaysia, though less popular than the condo or apartment, is slowly gaining recognition as a property to look out for.

Today, many people are thinking of buying a townhouse in Malaysia because of its uniqueness as a residential property.

What is a Townhouse Property?

You are probably here because you want to know more about townhouses in Malaysia. So, let’s get started.

Townhouses go way back to Europe’s 17th century and were mostly found in city and town areas at that time, as its name suggests and are resided by aristocrats and wealthy families.

They were widely popular back in those days to accommodate the high density and growing population of citizens in the area.

Today, a townhouse in Malaysia is a terraced residential property with a small footprint and multiple floors that are at least two storeys but can also go up to three or four storeys and is usually built in rows of four or more.

A townhouse shares a wall or two with another adjacent property and each will have its own separate entrances and may even have a front lawn and backyard.

What’s the Difference Between a Condo, an Apartment and a Townhouse in Malaysia?

A condo and an apartment are high-rise residential properties but what usually sets them apart is the ownership. Whilst a condominium is where different individuals own each unit, an apartment building, on the other hand, is owned by a corporation or a single person.

Besides that, the difference can also be seen in terms of facilities whereby condos are known to have more variety of facilities and are considered more luxurious compared to apartments.

Unlike a condominium and an apartment, a townhouse in Malaysia is a hybrid and somewhere in between being a high-rise property and a terrace house. However, they also come with strata titles of ownership just like condominiums and apartments.

This means that living in a townhouse in Malaysia requires specific maintenance and upkeep to be shared amongst its residents.

The Benefits of Buying a Townhouse in Malaysia

If you are interested in buying a townhouse in Malaysia, you should know the pros and cons of owning one beforehand.

So, here is what you need to know:

A Townhouse Offers More Privacy

Compared to living in a condo or apartment where you are sharing a common entrance with other residents, a townhouse in Malaysia offers the same kind of privacy that a landed house would, even in a shared development environment.

The Price Of A Townhouse Can Be More Affordable Than A Landed Property In Malaysia

Today, you can find a townhouse for sale in Malaysia that is more affordable than a landed house. So, if you would like to enjoy a few of the perks that a landed house has to offer, a townhouse might be another option to look at.

Living in a Townhouse Means You Get to Share the Costs

As mentioned, a townhouse in Malaysia is a stratified property where facilities are shared, including repair and maintenance costs.

This means that you won’t need to shoulder the burden of costs on your own or worry about doing the maintenance and upkeep yourself.

The Drawbacks of Buying a Townhouse in Malaysia

Though buying a townhouse in Malaysia has its wins, there is also some compromise that comes with it.

Some of these drawbacks include:

Owning a Townhouse Comes with Some Restrictions

Sometimes, one of the things we enjoy in life is freedom, and this includes having the freedom to renovate your home however we like.

Unfortunately, having a shared development agreement, there is a limitation in terms of how you would like to renovate your townhouse in Malaysia.

Your Privacy is Limited if You Live in a Townhouse

Though living in a townhouse in Malaysia does offer some privacy, it is not the absolute kind of privacy that a landed property offers as a townhouse is a ‘shared’ building between residents.

Living in a Townhouse Might Be Inconvenient For Some People

This is because a townhouse has multiple floors of two or more storeys, which you may not find convenient, especially if you have elderly family members living with you.

Then again, these are all just minor considerations to take note of if you still desire to buy or live in a townhouse in Malaysia.

There is definitely a novelty about townhouses that capture the heart, and if your dream home has always been a chic London-style inspired home, then a townhouse will be perfect for it.

Where Can I Find A Brand New Townhouses For Sale Near Me?

If you are thinking of buying a townhouse in Malaysia, we suggest you check out the current LBS townhouse projects that are available.

LBS is one of Malaysia’s top property developers, building not only high-quality homes but also creating thriving communities through our projects.

To find out more about townhouse projects in Malaysia, visit our website today.

Are you on the hunt for your first home or thinking of relocating and getting a new place?

Between an apartment in Malaysia and a landed house, you might wonder which is the best choice for you.

Though living in a landed house has its advantages such as being spacious in size, there are also numerous perks that living in an apartment in Malaysia offers.

As a result, more and more people today are constantly seeking out apartments for sale. From new apartment developments to low-cost apartments in Malaysia, apartments are regarded as a good investment opportunity.

So, if you are indecisive about buying an apartment in Malaysia, here are five benefits of staying in a Malaysia Apartment that you should know about:

Living in an Apartment Buildings Enhances Community Connection

Human connection is such an essential part of being human, especially for our well-being, and the pandemic has really taught us to never take it for granted.

This is why living in an apartment or service apartment in Malaysia today is a good choice as they are designed for creating a more social lifestyle and building a connection with neighbours.

Besides that, living close to your neighbours in a Malaysia apartment residence also allows the opportunity to foster friendships.

The usual facilities available at a service apartment in Malaysia or Malaysia apartment such as the pool, gym, garden and playground give you a chance to socialise with neighbours while you have fun and relax.

New Apartment Project For Sale Today Offers Great Convenience

Another great thing about staying in a Malaysia apartment today is that most new apartment project developments in recent years offer incredible conveniences to its residents.

Apartments and service apartments in Malaysia today are developed in thriving townships and are within proximity to the city and various hot spots.

This allows you to have easy access to many conveniences and essential amenities such as grocery stores, shopping malls, restaurants, hospitals, schools and others.

Worry Less About Maintenance When Staying In A New Malaysia Apartment Building

Compared to living in a landed house, you do not have to worry about the maintenance of your residences when you stay in an apartment.

This is another reason why many people are seeking out apartments and service apartments for sale in Malaysia.

This is because several of the maintenance of apartments and service apartments in Malaysia today is the responsibility of the management.

This includes the maintenance of the facilities, cleanliness of the complex, leaky roof repairment and others.

Today, the top apartment development in Malaysia also features a 24-hour support line for residents to report any issues regarding the maintenance and upkeep of their residences.

More Security Is Guaranteed When Living In New Apartment Project & Development

Many apartments in Malaysia today, especially new apartment projects and developments feature enhanced security and safety measures.

Apart from having CCTVs placed in public areas including high-risk areas within and around the apartment complex as well as having security guards on duty around the clock, most apartments in Malaysia today are equipped with multi-tier and smart security systems.

Such security measures put in place will allow you to have peace of mind about theft issues, and other unwanted and petty crimes at your residences.

Enjoy Time In The Garden At Your Service Apartment In Malaysia

Many apartments and service apartments in Malaysia today are designed with beautiful and lush gardens where its residents can go and unwind.

The best part? You do not need a green thumb or ever have to worry about the garden’s upkeep.

So, enjoy a bit of nature close to home at your Malaysia apartment and relish in some peace and quiet there as much as you like!

The Best Freehold Apartments For Sale Nearest To You!

Hunting for an apartment for sale in Malaysia or Kuala Lumpur to make your dream home wishes come true?

Check out LBS Bina for exciting new apartment projects today!

As one of the most prominent property developers in Malaysia since 1960, LBS Bina has evolved to become more than just that. Apart from developing affordable quality homes, we are also building thriving townships with flourishing communities in the country.

Recently, we have seen a growing trend in the popularity of condominiums in Malaysia for homebuyers for several relevant reasons. According to findings, the demand for new condominium developments has increased by 5.2 per cent and 11.7 per cent, respectively since 2021.

Here are five main reasons why a condo in Malaysia has been sustaining a high demand in the country:

Condominium Price Is Usually More Affordable Than Landed Property In Malaysia

Landed properties are significantly more expensive because of their size, which is why many homebuyers today are seeking out more affordable properties like new condos for sale.

However, a condominium in Malaysia is a popular choice not just because it is reasonably priced but also because it is less expensive when it comes to maintenance.

Though it offers substantially lower square footage, a condo in Malaysia still provides the comforts of home but without the hassle of several residential maintenance for that peace of mind.

This is because your property developer’s Homeowners Association (HOA)  or condo board is in charge of the roof, landscaping, and maintenance of the building’s exterior.

The New Condo Development For Sale Today Have Better Accessibility

One of the great things about new condo projects today, is that they are being developed in highly accessible locations such as the city.

This is because many homebuyers are on the lookout for upcoming condominium projects in Malaysia for this very reason.

Condos in Malaysia are becoming especially popular among young adults and those who wish to dwell in the city. Location-wise, it offers better opportunities for jobs and career development, daily conveniences as well as better connectivity with public transportation and accessible roads.

Overall, living in a condominium in Malaysia allows better access to nearby conveniences, amenities and hot spots to meet your everyday needs.

The Landscaping And Maintenance Of A New Condo In Malaysia Is Taken Care Of

One of the perks of residing in a condominium in Malaysia is that residents have access to a range of facilities just outside their homes.

Most condos in Malaysia today come with a swimming pool, gym, garden, playground, convenience store and other facilities. These facilities offer maximum convenience for its residents whilst enhancing their quality of life without the need for carrying out the maintenance themselves.

This also makes investing in a condominium a wise choice because the value of a condominium in Malaysia is always rising.

New Condo Projects For Sale Today Is Often Highly Secured And Safe

Some of the best condominiums in Malaysia today, especially new condo developments are known to have high security and safety standards.

Besides having experienced and professional security guards on duty 24/7, many condos in Malaysia today are also equipped with surveillance cameras on every floor, in the elevators as well as public areas.

Other than that, condominiums in Malaysia today are also equipped with controlled access at the entrances to avoid outsiders from freely entering as well as multi-tier security for that extra peace of mind.

New Condominium Launches in Malaysia Are Excellent Opportunities for Investment

If you are looking to invest in property, then look out for condos for sale which profits you can reap from in the long run.

Like other properties in the market, the value of condominiums in Malaysia rises from time to time, and depending on the location, some condos may even fetch a pretty price.

On top of that, unlike other types of properties, a condo in Malaysia will require less maintenance and make simple-to-maintain investments for property investors in the country, which allows you to sell it at a more significant profit in the future.

So, why not check out LBS Bina’s upcoming condominium projects in Malaysia and condos for sale?

Discover more at LBS Bina today!