KITA Mesra
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Nikmati keindahan bandar KITA Mesra yang berdekatan dengan kemudahan harian anda dan akses lebuhraya utama seperti Putrajaya-Cyberjaya Expressway, Maju Expressway dan banyak lagi.
Kunjungi galeri jualan kami dan hubungi 1700 81 8998 untuk temu janji.
Jumpa anda di sana!
Waktu Operasi : Isnin – Ahad (10.00am – 6.00pm)
Waze : KITA@Cybersouth Sales Gallery Cybersouth
Feng shui is a pseudoscientific traditional practice originating from ancient China, which claims to use energy forces to harmonise individuals with their surrounding environment. The term ‘feng shui’ literally translates as “wind-water” in English, and is considered as one of the Five Arts of Chinese Metaphysics, classified as physiognomy (observation of appearances through formulas and calculations). The feng shui practice discusses architecture in terms of “invisible forces” that bind the universe, earth, and humanity together, known as qi.
In today’s age, the new generations hardly believe in this practice anymore. In Malaysia, the practice of feng shui transcends through races. Each race has their own set of beliefs and whether you personally believe in it or not, today we are going to talk about the feng shui beliefs among Malaysia’s three main races.
The Malays, the Chinese, and the Indians, all have their own moving rituals that they practice before moving in into a new, empty house. Of course, these days, practicing these rituals is more of a pleasing act for the parents, although the belief is starting to regain popularity among youngsters who are interested in having “good energy” flow through their house.
For Malays, their moving ‘feng shui’ is based on their religion – Islam. As Muslims, they’d recite surahs from the Quran and perform azan and prayers when they first move in into an empty house. Muslims believe in the existence of other entities / spirits, and these entities are believed to often reside in empty, “abandoned” houses and by doing these moving-in “rituals”, it’ll alert the entities of new residents coming in and that they should leave the house. Muslims also believe this practice will help guard the house from any visit of these entities for as long as they reside there.
The Malays also often organise a housewarming event whenever they move in into their new house. Traditionally, the event begins with prayers recital known as ‘doa selamat’. Usually but not necessarily, a Tok Imam (religion leader) would lead this recital as to bless the home and the family living in it. Alternatively, this recital can also be led by an elderly male of the family. The event is then followed by a feast session that is meant to form bond between the family and their new community. It is also often used as a chance for them to introduce their family members and friends to their new neighbours and vice versa. This practice often initiates trustworthy relationships between the parties involved.
The Chinese community is also rich with traditions and feng shui beliefs when they want to move in into a new house. Traditionally they would leave the lights on starting three days before moving-in day as to fill the house with ‘yang’ (positive) energy and to rid of any ‘yin’ (negative) energy. Moving in into a new house filled with yang energy indicates a new positive beginning for the family that will hopefully lead to many fruitful opportunities and abundance of prosperity.
Another common Chinese tradition is to open all doors and windows when first moving in. Generally, this allows fresh air and sunlight to travel in and out of the house, creating a fresh atmosphere and making the new home feels vibrant. However, this ritual is also embedded in the yin & yang belief. By leaving the doors and windows open, it is believed that it will attract more positive and prosperous energy to flow into the home, increasing the family’s luck.
As for the Indians, their moving-in beliefs are just as interesting as the other two races. A huge majority of the Malaysian-Indians are Hindus, and when they first move in into a new home, they would invite a priest over to lead the moving-in prayer. This includes setting up a prayer room and displaying a photo of one of their Gods and setting up an oil lamp. Post-prayer, the family will then boil milk in a brand-new pot until it overflows and spills over. This milk is now considered as holy water, and it will be offered to the family’s patron God and the remaining will be served to the guests. A portion of it will be sprinkled around the house to ward off evil spirits and negative energies.
Another traditional feng shui ritual for the Indians is to break a coconut – a fruit that is considered as sacred and pure according to Hindu values. Families are encouraged to break a coconut by throwing it onto the ground when they are moving in into a new home as an act to receive blessings from God. This ritual is also a common practice during other various occasions such as weddings and festivals.
These are among the common feng shui practiced by the three main races in Malaysia. Being a melting pot of races and culture, there are plenty more races with plenty more beliefs that are practiced in Malaysia, and whether you believe in them or not, it sure is interesting to learn about them and to cherish the diversity among us Malaysians.
PRESS STATEMENT
SCAPES HOTEL, GENTING HIGHLANDS REOPENS WITH JOYOUS CHRISTMAS DEALS AWAITING
Petaling Jaya, 30 November 2021 – Following the government’s announcement to reopen the interstate border and the drop in daily COVID-19 cases, we are pleased to announce that SCAPES Hotel, wholly owned by LBS Bina Group Berhad has officially reopened starting from 1st November 2021. Families can now meet and vacation plans can finally come true. However, the safety of our guests and employees will continue to be our top priority, by adopting the latest SOPs and implementing comprehensive precautionary measures.
As a token of appreciation to the customers who have continued to support SCAPES Hotel during the difficult times and in conjunction with the upcoming Christmas celebrations, SCAPES Hotel is pleased to announce the ‘X’mas Flash Deal-Stay & Dine’ promotion, starting from 1 December 2021 until 1 January 2022. Enjoy special promotions for rooms with free breakfast and dining promotions at selected restaurants via the SCAPES Hotel website.
Now is the time for a short escape from the hustle and bustle of the city and spend quality time with your loved ones and enjoy the beautiful scenery or visit places of your interest located nearby. For more information on promotions and room rates, visit https://scapeshotel.com/.
We cordially welcome you to SCAPES Hotel.
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For Immediate Release
LBS POSTS SOLID Q3FYE2021 RESULTS
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Petaling Jaya, 23 November 2021 – LBS Bina Group Berhad (“LBS” or the “Group”) today announced its third quarter results for the financial year ending 31 December 2021 (“Q3FYE21”).
For the quarter under review, LBS delivered a profit before tax of RM34.0 million and profit after tax of RM20.0 million, a quarter-on-quarter increase of 34.5% and 3.2% respectively. To add on, revenue and profit after tax and minority interest (“PATMI”) clocked in at RM254.0 million and RM18.1 million respectively, despite a quarter whereby sales and construction progress were impacted by COVID-19 related restrictions and the re-implementation of the Full Movement Control Order. The Group reported that development projects within the Klang Valley accounted for more than 81% of the Group’s revenue for the nine months ended 30 September 2021 (“9MFYE21”).
The nine months ended 30 September 2021, revenue and PATMI surged by 15.0% and 153.7% to RM922.4 million and RM60.0 million respectively, as compared to the corresponding period in 2020. The 9MFYE21 PATMI has surpassed 2020’s total PATMI of RM51.3 million. The increase was largely attributable to the positive take-up rates and steady construction progress of the Group’s ongoing development projects at KITA @ Cybersouth, LBS Alam Perdana, Alam Awana Industrial Park, Residensi Bintang Bukit Jalil and Cameron Centrum. LBS’ cash and cash equivalents for 9MFYE21 stood at RM197.4 million, an increase of 30.4% compared to 9MFYE20.
The Group further announced that it currently has 20 on-going development projects with an estimated Gross Development Value (“GDV”) of RM5.65 billion, land bank for future development of 2,794 acres with an estimated GDV of RM24.3 billion and unbilled sales of RM2.17 billion.
Commenting on the results, LBS Executive Chairman Tan Sri Lim Hock San said, “LBS has been able to sustain its earnings growth as a result of carefully planned launches and the team’s relentless effort to push forward with garnering sales and bookings despite the effects of the Covid-19 pandemic. We therefore have been rewarded with a profitable quarter and we hope to keep this going into the final turn of 2021.
As of 22 November 2021, we have secured RM1.10 billion in sales and total bookings in the pipeline of RM950.2 million. Against the bigger picture, we have achieved 92% of our 2021 sales target which is set at RM1.2 billion. This illustrates that we are building in the right areas and delivering affordable housing which satisfies the needs of the general public. As reported by the Housing Bureau Statistics, Malaysia still has a shortage of 1 million units of affordable residential housing. On the back of this, we recently launched Prestige Residence in Seri Kembangan and landed houses in Kita Mesra at KITA @ Cybersouth, whereby we have seen encouraging sales. We are also supportive of the Selangor state government’s plan to build 30,000 affordable homes in strategic locations by 2025. We are launching six Rumah Selangorku Idaman MBI projects which will be constructed using IBS precast concrete, and we hope to be able to work together with the Selangor State Government to build more affordable housing in Selangor in the future.
He added, “While the outlook for the property sector is expected to remain challenging, we are encouraged by Malaysia’s return to normalcy, having achieved over 90% vaccination rate among the adult population. Based on data released by the National Property Information Centre, there was an 18.5% increase in the number of transactions for properties below RM500,000 in the first half of 2021, compared to the corresponding period in 2020. This is a positive sign for the property sector, in particular for affordable housing, as it provides an optimistic view that the property market is on track for recovery.”
For more information, please visit https://lbs.com.my/ .
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For Immediate Release
LBS BINA LAUNCHES A NEW PHASE OF KITA @ CYBERSOUTH
KITA Mesra Sets to Be the Next Successful Residence
Petaling Jaya, Selangor, 16 November 2021 – LBS Bina Group Berhad (LBS) today unveils KITA Mesra, another affordable landed homes with a total of 646 units comprising of 3 property types, Townhouse, Double Storey as well as Single Storey Terrace Houses which will set to launch first, with an estimated Gross Development Value (GDV) of RM309 million. Previous phases within KITA @ Cybersouth has proven time after time to be a hit with its exceptional take-up rate of up to 90% for almost all units that were released from one phase to another.
LBS Executive Chairman, Tan Sri Lim Hock San said “KITA Mesra is yet another neighbourly residence that is set to follow the footsteps of KITA @ Cybersouth township, fulfilling the homeownership dreams of fellow Malaysians, with affordable pricing for new family starters. We believe that even with the ongoing pandemic, the demand for landed properties will continue to surge and this project can benefit buyers with its reasonable price range as well as value for investments in the long term,”
Mesra means ‘Friendly’. KITA Mesra, sited on a Malay Reserved Land, is built with an open space concept, ample space on the exterior, surrounded by green lungs and parks, ideal for outdoor activities and recreational endeavours to create friendly vicinity. Safety is also an integral focus for KITA Mesra where it is gated and guarded, with CCTV, access card via guardhouse and perimeter patrol for total security of residents. KITA Mesra is built with first-time homebuyers, particularly growing families, in mind, positioned near Putrajaya and Cyberjaya while providing easy access to major highways as well as amenities, all of which are pivotal features of a self-sustaining residence. Built with family-bonding and community living as its primary intend, KITA Mesra is equipped with a plethora of facilities such as community hall, open courtyard area, jogging and cycling tracks, multi-purpose courts, reflexology garden, barbeque pods, just to name a few, perfect for an array of recreational and community activities.
KITA Mesra is one of the participating projects for the Vacci-Nation Bonanza campaign which has been further extended till the end of the year. In this campaign, LBS will be giving out a total of RM671,120 cash incentives and extra cash incentives of up to RM334,500 for those who are in line for vaccination or have been vaccinated. Also, in the 1st round of the LBS Fabulous 20-21 campaign lucky draw, LBS Bina has recently given away prizes worth RM445,000 with the Proton X50 as the grand prize. KITA Mesra homebuyers who place their booking by end of 2021 will be entitled for the 2nd round of the lucky draw with even more amazing prizes such as the Proton X70, Persona, Iriz, Exora valued at RM750,000 to be won.
For more information on KITA Mesra, please visit us at https://virtualfair.lbs.com.my/township/cybersouth/ or contact 1700 81 8998.
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For Immediate Release
LBS’ COMMENTARY ON MALAYSIA’S BUDGET 2022
Petaling Jaya, 1 November 2021 – LBS Bina Group Berhad (“LBS” or the “Group”) applauds the Government’s focus on healthcare spending, job creation and economic recovery following the tabling of Budget 2022 by Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz in Parliament on 29 October 2021.
Most notably for the property sector, LBS welcomes the Government’s removal of real property gains tax on properties sold after six years from when it was first acquired. As it has been widely anticipated by the general public, LBS believes this is an important move to stimulate the secondary property market and encourage long-term investment. The public would be more receptive towards home upgrades and owning a property.
To add on, LBS appreciates that the Government has placed the lower-income households at the forefront of Budget 2022 by providing RM2 billion in guarantees under the Housing Credit Guarantee Scheme for those without a steady income. This improves the accessibility of gig-workers, small-time business owners and farmers towards obtaining housing loans and owning their own home, which LBS as a leading affordable housing developer strives to provide.
The extension of personal income tax relief of up to RM1,000 for domestic tourism expenses up to the year of assessment 2022 is beneficial to encourage tourism within Malaysia. This is in particular since LBS has earlier this year re-opened to tourists its own SCAPES Hotel in Genting Highlands. The effective re-opening of the tourism sector translates to a positive multiplier effect for the economy
Commenting on Budget 2022, LBS Executive Chairman Tan Sri Lim Hock San said, “The initiatives under Budget 2022 appear balanced with the aim of assisting businesses and the rakyat towards economic recovery post-pandemic. The Government has not introduced any additional taxes to burden families, which bode well for LBS as there is a greater opportunity for more funds to be channelled towards the property development sector. Overall, we laud the Government’s efforts in proposing a budget that is strong and proactive as we continue to work towards reviving the property market.”
For more information, please visit https://lbs.com.my/ .
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Planning to buy your first house? There’s really no better time to do so! Especially with the HOC extended till the end of 2021, as well as BNM maintaining its OPR at an all-time low of 1.75%. You also happen to have a healthy DSR? Great! Hold up, you look confused, did all these abbreviations confuse you? Believe it or not, we were once in that spot.
The process of buying your first home can be overwhelming because it is not merely a cash and carry process. Besides having an in-depth knowledge of the potential property, being well-versed with banking and property abbreviations is equally as important.
In this article, we won’t be going too in-depth on every abbreviation so that you can take your time to digest all this info. Here is our pick of property abbreviations that you need to know to help ease your way on your journey to securing your first home:
1. HOC
Introduced back in 2019, HOC is the abbreviation for Home Ownership Campaign, a government initiative intended to aid homebuyers in search to purchase their dream property and simultaneously catalyze sales of unsold properties in the housing market of Malaysia. The HOC comprises significant stamp duty exemptions on Instrument of Transfer, Instrument on Loan Agreement, and much more. Be quick though because this campaign is only here to stay till the end of 2021.
2. MPC, BNM, and OPR
Hear us out on why we place them together. The Overnight Policy Rate (OPR) is an overnight interest rate set by the Monetary Policy Committee (MPC) of Malaysia’s central bank, Bank Negara Malaysia (BNM) intended for monetary policy direction. Remember how we mentioned that at the time of speaking the OPR is at its all-time low and that’s a good thing? The lower the OPR is set, the cheaper it is to take a loan and thus, better capabilities of accessing capital, be it for personal or commercial reasons, and vice versa.
3. DSR
A Debt Service Ratio (DSR) is a method used by banks to gauge your ability to afford the loan that you just applied for. When purchasing a house, DSR is crucial as banks use this formula to determine the amount that you can afford to pay for your monthly property loan instalments. A healthy DSR is in the 30-40% range. In short, the lower your DSR, the merrier but should your DSR be on the high side, don’t give up just yet. You can always seek advice from your bank on the highest DSR that they accept because every bank’s DSR limits may differ.
4. CTOS
Credit Tip-Off Services or better known as CTOS in short is a report that is issued by CTOS Data Systems Sdn Bhd, which is one of our country’s leading private Credit Reporting Agency (CRA) which archives an individual or organization’s complete credit record. Contrary to a Central Credit Reference Information System (CCRIS) report which only tracks credit history for the past one year, CTOS reports are stored indefinitely. A good CTOS score will boost your credit application approval and ultimately, bring you one step closer to your dream home!
5. DOA
No no, it’s not prayer in Malay, but instead stands for Deed of Assignment. DOA is a legal document that is used to transfer the ownership of a property/a debt from one party to another. It confirms the transfer of ownership from the ‘Assignor’ (the individual who currently owns the property) to the ‘Assignee’ (the individual who is acquiring the property).
6. MOT
The Memorandum of Transfer (MOT) is a legal document that follows the SPA and confirms the actual transfer of the ownership of the property. It confirms the actual transfer of ownership of a property. Wait, MOT sounds very similar to DOA, yes? Signing the MOT signing signifies that the Land Title will be transferred from the developer to you. For high-rise units, once it is divided, the MOT needs to be filed at the Land Office to transfer the ownership of the unit from the developer to the buyer. The signing of the MOT is the legal confirmation of transfer of ownership and generally forms the final step of the transfer process.
7. SPA
The Sale and Purchase Agreement (SPA) is an extremely important document that defines the terms of a house sale. A legally binding contract between buyer and seller that confirms mutually agreed conditions such as the method of payment, defect liability period, conditions of the property, fixtures, and fittings, and other relevant clauses.
8. DLP
Do you know how our new phones and electronics come with warranty? Defect Liability Period or DLP in short is sort of the same thing but for properties instead. It is a specific period where your developer is responsible to fix any defects identified in your new home. Spotted misaligned or hollow tiles, uneven paint, or crack ceilings? It’s part of the SOP for developers to thoroughly inspect the property before vacant possession (VP), while you get all excited for your new house, knock and skim through every corner of the house! Under the Housing Development Act in Malaysia, the DLP period is 24 months for individual titles and 36 months for strata titles, beginning from the day you take the keys for your new house, so start checking away!
9. CCC
CCC stands for the Certificate of Completion and Compliance (CCC) which is also by far one of the most important documents in the journey of securing your dream home. This black and white is issued when your newly built house is signed off as completed and safe for habitation, as evaluated and submitted by an appointed architect known as Principal Submitting Person (PSP).
10. BLR
To make it easy to digest, Base Lending Rates (short for BLR) is the base interest rate that banks internally turn to prior to finalizing the rate to charge for your home loan. To describe more precisely, BLR is the rate determined by each bank according to the cost needed to borrow the money to be lent to borrowers, which is determined by the aforementioned OPR.
Well done! You’ve made it till the very end. Of course, there’s so much more to learn in the world of property and every abbreviation actually deserves its very own article. But no worries, we are confident that you are now much savvier than when you started. Did you like what you read? Let us know in the comments down below how we can help you be better equipped in buying your new house!
#Let’sBeSavvy
LBS Bina and Nanyang decided to continue the trend of email interviews. Among the topics discussed by Tan Sri Lim Hock San was the national wish list of 2022 for the property sector, particularly on his hopes for the government to extend the Home Ownership Campaign (HOC) as this campaign has shown positive impacts on first-time homebuyers. This news also includes other renowned property developers and both print and online are available:
https://www.enanyang.my/node/435019
For Immediate Release
LBS INTRODUCES PRESTIGE RESIDENCE
Prestigious In Quality and Affordability
Petaling Jaya, 11 October 2021 – Renowned township developer, LBS Bina Group Berhad (LBS) proudly presents its upcoming project, Prestige Residence, a serviced apartment with a cumulative of 1,450 units built on 8 acres of land at Seri Kembangan, Selangor with an estimated Gross Development Value (GDV) of RM301 million.
Prestige Residence will be the perfect home, be it for newly established families or empty nesters. Comprising of three types of layouts, with built-up size starting from 600 sqft. to 850 sqft. and a truly affordable starting price of RM270,000. Equipped with a total of 40 facilities and a resident-exclusive 2-storey clubhouse, there will be a plethora of activities to choose from, cultivating healthy family bonding sessions and promote togetherness within the community. The residence also provides easy access to major highways and various key public amenities, such as commercial hubs, financial institutions, international airports, healthcare providers, and many others.
“I have always been a firm believer that our future generation deserves to start their homeownership journey with a house that is affordable while of exceptional quality. Similarly, all LBS homes are built with connectivity in mind as it guarantees employment and education opportunities to its residents. The last pillar, community, is equally crucial, be it for one’s own stay or investing. Prestige Residence is a union of all the three pillars and will be a testament to LBS’ ability to attract first-time homebuyers” said LBS Executive Chairman, Tan Sri Lim Hock San.
The Vacci-Nation Bonanza has been further extended till the end of the year, making it the most ideal time for homebuyers to own their dream home. Through this campaign, LBS will be giving out a total of RM671,120 cash incentives and extra cash incentives of up to RM334,500 for those who are in line for their COVID-19 vaccination or have been vaccinated. LBS Bina has also recently given away RM445,000 worth of prizes in the 1st round of the LBS Fabulous 20-21 campaign lucky draw. Prestige Residence homebuyers who place their order by end of the year will be entitled for the 2nd round of the lucky draw. Prizes will be equally enticing, with amazing prizes such as the Proton X70, Persona, Iriz, Exora and more estimated to be valued at RM750,000 in total ready to be won.
For more information on Prestige Residence, please visit our virtual showroom at https://prestigeresidence.com.my or call us at 1700 81 8998 to learn more.
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