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IBS Precast Concrete – A Paradigm Shift

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

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.


Four Main Guides & Tips On How To Buy Property In Malaysia

If you are looking for some property buying tips, then you have come to the right place.

Though this may not be your typical Malaysia property buying guide, there is no harm in understanding what you are getting yourself into before you buy a property, especially if it is your first time.

We understand that although it is a wonderful milestone to be able to buy your first property, it can also be quite scary as it is such a big and life-changing decision to make.

So, here are four factors to consider before buying property in Malaysia:

Tip 1: Reaffirm Your Decisions Before Choosing Any Property Development or Developer

If you are new to real estate and property, you may be wondering where to start and how to buy property in Malaysia.

However, before you dabble in real estate and begin searching for the best property to buy in Malaysia, you must first establish why it is that you want to buy property.

Is it because you want to invest in properties to gain some returns as a side or passive income?

Or are you looking to buy a property to call home?

Whatever your reasons are, know that there are other forms of investments as well as alternatives to buying a home such as renting, which might be a better option depending on your means.

Do bear in mind that buying a property in Malaysia does come with risks, just like any other form of investment.

So, make sure to think long and hard about buying a property to prevent yourself from making a decision that you might later regret because you did not weigh your options.

Tip 2: Do Not Buy Without Essential Guide or Investigation in Malaysia’s Property Market

If you are only interested in knowing how to buy property in Malaysia because everyone you know is doing it, then you might want to reconsider.

This is especially if you are not into Malaysia’s property market or have no interest in real estate.

This is because you will need to understand the market by doing thorough research and information gathering before you decide to buy a property.
This includes knowing the different types of properties available in the market and what they offer, how the location of the property plays a huge role as well as the incurring costs that you will need to bear when you purchase a property.

So, before knowing how to buy property, just be aware and be sure of what you are seeking in a property and whether it is something you can commit to.

Tip 3: To Buy The Best Property In Malaysia, Location Is Everything

In every property guide to buying the best property in Malaysia, location will always be one of the biggest factors to look out for.

This is especially crucial if you are buying property for you to call home and settle down in for the long term.

When you ask what is the best property to buy in Malaysia, there is no definite answer.

It is quite subjective as different people will have different preferences and needs such as living in a lively neighbourhood or a quiet residential area.

However, location plays a major role when choosing and buying a property, especially when you are considering the distance from your workplace, schools, hospitals and other essential amenities.

Besides that, the best property to buy in Malaysia is generally one that is accessible and is a considerably good distance from other neighbouring townships.

LBS Bina is known for building and designing high-quality property and housing for today’s thriving communities.

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

Tip 4: Maintaining a Strict Eye on Your Finances Is Vital in Property Buying

Before you decide on buying a property, take into account all of your personal expenses beforehand.

This includes your monthly and yearly subscriptions, bills, car loans and food allowances.

Then, consider the ongoing expenditures of a house purchase, the necessary renovation as well as furnishing costs once you buy a property.

Having your finances in order and being disciplined about it is definitely something to take seriously once you decide to commit to owning a house.

Tips to Purchase a House for First-Time Home Buyers in Malaysia

You are finally reaching another milestone in your life and now, you are ready to buy your first home!

Being a first-time home buyer is definitely an exciting experience but at the same time, buying your 1st house can also be a nerve-wracking journey, especially if you do not know where to start.

So, if you are a first-time home buyer in Malaysia, here are some tips that might be useful before you make that leap to buying your 1st home:

Decide on a Budget for Your 1st Home in Malaysia

One of the most crucial things you need to do as a first-time home buyer is to know and decide on the budget you are comfortable with for your 1st house.

You might also do your own research to find out which housing price range is the best match for your current income as you surely want to buy a house that you can afford.

Today, there are a few useful online tools such as a home loan and duty stamp calculator that can help you find out the loan amount you need to buy your 1st home.

Another thing that you need to take note of is that a downpayment of 10% of the property cost is necessary when buying a new house.

Compare the Costs of Properties Before Buying Your First Home

As a first-time home buyer, it is easy to get caught up in the whirlwind of excitement when you are finally buying your first house.

However, it is important to remember that it takes a lot of patience and to never act too hastily when you are house hunting.

In order to make smarter choices, it is best to browse the market and compare the pricing of houses available for sale first to find the best deal.

So, never settle for the first house that catches your eye and make a payment for it right away, which is the no.1 mistake of many first-time home buyers in Malaysia today.

Having negotiating skills can also be useful in this case as it might be able to help you get a better price and rebate incentives for your dream home.

Obtain Funding as a First-Time Home Buyer in Malaysia

Another important tip for a first-time home buyer in Malaysia is to first obtain the funding you need to buy your first house.

By securing your finance, you will then be able to find the type and price of a property that best fits your budget.

The bank will assist in evaluating your credit score to help determine whether you are a viable candidate to repay the loaned amount.

Apart from that, the bank will also look at your Debt Service Ratio (DSR) score to find out your eligibility for a housing loan.

So, the better your credit score, the higher your chances are of getting your loan approved by the bank.

First Home Scheme Program for First Home Buyers in Malaysia

You can also check out the first home scheme, which is a program for first-time homebuyers.

Malaysia’s first home scheme offers eligible applicants the chance to obtain loan financing up to 110% of the price of a property, which is something that all first-time home buyers should take advantage of.

Consider Your Options Before Buying Your First Home

Now that you understand that buying your first house as a first-time home buyer has its pressures, you might begin to weigh other alternatives.

However, once you have all the required details and know what it is exactly you are looking for in a first home, the home of your dreams is within your reach.

Though choosing your ideal 1st home is a subjective decision and varies from one individual to another, there will definitely be a house that is sure to meet all your needs as well as your budget.

Here at LBS, we are known for building not only affordable homes but also high-quality houses that are beautifully designed for today’s thriving communities.

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

Comparison Between Affordable Housing And Luxury Housing Projects In Malaysia

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!

Steps To Buy A New Commercial Property & Shop Lot For Sale In Malaysia

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.

Explore The Types Of Landed Property & New House Project For Sale In Malaysia

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!

Everything You Should Know About A Townhouse Project In Malaysia

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.

The Five Benefits Of Buying A New Apartment For Sale In Malaysia

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!

Five Biggest Reasons Why New Condo Projects In Malaysia Are Growing Popular

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!

The Blind Spots (Or Hidden Costs) When Buying A Home In Malaysia

The Blind Spots (Or Hidden Costs) When Buying A Home In Malaysia

Is one of your new year resolutions for 2023 purchasing a house of your own? Pretty confident that you’ve done the math? We hate to be your party-pooper, but as much as we are proud of you making that leap in life, we believe that you need to be made aware of homeownership costs that may have fallen under your radar. So, we have listed down different hidden costs that we wish we knew when purchasing our first property:

1. Upfront costs & legal fees

By now, you should be made known that our banks can provide financial assistance of up to 90% of the property’s price for your first two residential properties. For those purchasing your first one, the Rumah IDAMAN should be in your list! With the 90% covered for, we will still need to set aside a 10% down payment to cover the remaining property’s price. For instance, the Rumah IDAMAN has a starting price of RM250,000, and so, the down payment in this case will be RM25,000.

The following are the items you need to find out the cost of and are dependent on your property price:

Sale & Purchase Agreement (SPA)

This consists of legal fees, stamp duty and legal disbursement fees.

Loan agreement

This comprises of legal fees, stamp duty and legal disbursement fees.

Transfer of ownership better known as memorandum of transfer (MOT)

Tax on legal agreements

These are expenditures that need to be paid there and then, so it is an absolute must to have the said sum at hand upon making the decision to purchase a home.


2. Home Insurance

To be fair, home insurance is a topic that deserves its very own article no thanks to the sheer amount of information that you need to get your hands on, so we will only be covering on this topic very briefly here.

Similar to having insurance for your health is equally important as getting a health insurance to protect yourself against unforeseeable events. Buying a home is also a form of investment and just like any other investments, you will want to have proper protection in place to cover your property.

Here are some common home insurance policies that you should know about;

Basic fire insurance: Loss or damage of the house and/or its contents due to fire, lightning, and/or explosion.

Houseowner insurance: Similar to Basic Fire Policy, with extended coverage such as floods, burst pipes, natural disasters, and theft for residential properties.

Householder insurance: Similar to Houseowner Policy, with extended coverage on fatal injuries caused by the insured items.

3. Utility charges

To ensure that your future home is ready-to-stay you will need certain basic utilities and services, such as:

  • Electricity – Tenaga Nasional Berhad (TNB)
  • Water
  • Indah Water – Sewerage
  • Internet connection


4. Maintenance fee and sinking funds

If the home that you are eyeing for holds a strata title, such as high-rise units where you share common public facilities like the swimming pool and the gym, you have to set aside some cash for monthly maintenance fees, which will be used for regular upkeeping of the shared facilities and services, including security and garbage disposal.

You will also need to set aside money for sinking funds. The fee is collected by your residential Joint Management Body (JMB) and will be used for expenses such as building repair works. We’ve covered this topic more extensively on our previous topic here. 


5. Makeover, Renovation, & Aftercare

Regardless the condition of the property you intend to purchase, you need to consider both the immediate costs for personalizing it to your liking and the maintenance of it.

Of course, with a larger property, comes a larger price tag for furnishings. So, perhaps, bigger may or may not be necessarily better, it all boils down to your needs.

Do allocate certain amount for renovation, but for LBS Bina homebuyers and homeowners, you are in luck, as LBS has officially launched the LBS Bina Home Makeover with Goodnitecampaign. In this campaign lucky LBS homeowners will win themselves a home makeover for a part of your home that you desire, from the Living to Bedroom area worth a total of RM25,000 each!

Should you be buying a subsale property that also includes furniture as part of the package, make sure you are okay with everything that comes with it, because should that particular piece of furniture happen to become an eyesore down the road, it will cost you some cash to hire someone to move it away later on.

All these lingos might be overwhelming, but what’s most important is not to be afraid from these expenditures but to be aware that they exist. Treat all of the above more as a checklist and tick it off every time you’ve gotten a proper understanding of each expenditure.

With every item checked off your list, your finances will definitely be more well-structured. A very important element of a dream home is to have a homeownership experience that is free from expenses that will take you off guard and we hope for those of you who’ve read till this point, you will achieve just that and we wish you the very best on your homeownership journey!