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LBS ENTERS STRATEGIC COLLABORATION WITH ORIENTAL HOLDINGS FOR MELAKA MIXED-USED INDUSTRIAL DEVELOPMENT WITH GDV SURPASSING RM7 BIL

Media Team on May 15, 2025

15 May 2025

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LBS ENTERS STRATEGIC COLLABORATION WITH ORIENTAL HOLDINGS FOR MELAKA MIXED-USED INDUSTRIAL DEVELOPMENT WITH GDV SURPASSING RM7 BILLION

  • A planned integrated mixed-used industrial development project encompassing a total of approximately 561 acres
  • Proposed Development located strategically within the Straits of Melaka Waterfront Economic Zone, offering strong growth potential

Melaka, 15 May 2025  –  LBS Bina Group Berhad (“LBS” or the “Group”), a leading property developer guided by people-first values, has entered into a Memorandum of Understanding (“MOU”) with Oriental Holdings Berhad (“OHB”). Both parties are collaborating on a mixed-use industrial development project in Melaka, with an estimated gross development value (GDV) exceeding RM7 billion.

The MOU outlines a proposed integrated mixed-use industrial development project (“Proposed Development”) mainly comprising industrial, and commercial units in Klebang, Melaka. Klebang is selected due to its strategic location within the Straits of Melaka Waterfront Economic Zone (SM-WEZ), which offers significant growth potential through its coastal accessibility, expanding infrastructure, and alignment with Melaka’s long-term economic transformation agenda.

The primary focus of this mixed-use industrial development is to cater to small and medium-sized enterprises (SMEs) in sectors such as oil and gas production, manufacturing, food and beverage supply chains, and warehousing. Furthermore, given the development’s frontage along a main access road, the industrial units offer commercial value as they can also function as retail showroom-warehouses.

Additionally, Melaka ranked sixth among Malaysian states in terms of industrial property transactions in Malaysia. Vacant land plot and Semi-D properties transactions have recorded double digit growth rate, driven by demand from investors and self-occupancy user market.

The Proposed Development, encompassing approximately 561 acres, will be divided into four phases. Specific details regarding the location and land area breakdown will be finalized in subsequent Definitive Agreements through mutual agreement of all parties.

Furthermore, the West Coast Expressway (WCE), currently in the planning stages, is set to run from Banting, Selangor, to Gelang Patah, Johor. This new route will serve as an alternative to alleviate traffic congestion currently experienced by motorists on the North-South Expressway (NSE).

Once the alignment of the WCE is finalized, it is anticipated to act as a catalyst for development in adjacent coastal areas, including Klang, Port Dickson, Melaka, Muar, and Batu Pahat, thereby bringing positive spillover economic impacts.

The MOU was formally executed by LBS Executive Director, Dato’ Sri Daniel Lim, representing LBS, and Datuk Loh Kian Chong, Group Executive Chairman of Oriental Holdings Berhad, at Ames Hotel Melaka. This milestone highlights the strong leadership and shared commitment of all parties involved in bringing this landmark collaboration into fruition.

Witnessed by the Chief Minister of Melaka, YAB Datuk Seri Utama Ab Rauf Yusoh, this signing ceremony essentially underscores the project’s pivotal role in driving Melaka’s economic growth and urban transformation. The presence of the Chief Minister instils strong confidence in the Proposed Development and demonstrates the government’s steadfast dedication to its success, solidifying its position as a major catalyst for Melaka’s future prosperity.

Commenting on the MOU, Tan Sri Dato’ Sri Ir. (Dr.) Lim Hock San, Group Executive Chairman of LBS said, “This MOU marks a significant milestone as we expand into the southern region, reinforcing our commitment to regional development and people-centric communities. In partnership with Oriental Holdings, we are excited to shape Klebang into a vibrant, sustainable township. By combining our expertise and shared vision, we aim to deliver lasting value, both in building sustainable developments and uplifting Melaka’s economic and social landscape. We look forward to a strong, long-term partnership built on shared goals and mutual success.”

~End~

FOR IMMEDIATE RELEASE

LBS ENTERS STRATEGIC COLLABORATION WITH ORIENTAL HOLDINGS FOR MELAKA MIXED-USED INDUSTRIAL DEVELOPMENT WITH GDV SURPASSING RM7 BILLION

  • A planned integrated mixed-used industrial development project encompassing a total of approximately 561 acres
  • Proposed Development located strategically within the Straits of Melaka Waterfront Economic Zone, offering strong growth potential

Melaka, 15 May 2025  –  LBS Bina Group Berhad (“LBS” or the “Group”), a leading property developer guided by people-first values, has entered into a Memorandum of Understanding (“MOU”) with Oriental Holdings Berhad (“OHB”). Both parties are collaborating on a mixed-use industrial development project in Melaka, with an estimated gross development value (GDV) exceeding RM7 billion.

The MOU outlines a proposed integrated mixed-use industrial development project (“Proposed Development”) mainly comprising industrial, and commercial units in Klebang, Melaka. Klebang is selected due to its strategic location within the Straits of Melaka Waterfront Economic Zone (SM-WEZ), which offers significant growth potential through its coastal accessibility, expanding infrastructure, and alignment with Melaka’s long-term economic transformation agenda.

The primary focus of this mixed-use industrial development is to cater to small and medium-sized enterprises (SMEs) in sectors such as oil and gas production, manufacturing, food and beverage supply chains, and warehousing. Furthermore, given the development’s frontage along a main access road, the industrial units offer commercial value as they can also function as retail showroom-warehouses.

Additionally, Melaka ranked sixth among Malaysian states in terms of industrial property transactions in Malaysia. Vacant land plot and Semi-D properties transactions have recorded double digit growth rate, driven by demand from investors and self-occupancy user market.

The Proposed Development, encompassing approximately 561 acres, will be divided into four phases. Specific details regarding the location and land area breakdown will be finalized in subsequent Definitive Agreements through mutual agreement of all parties.

Furthermore, the West Coast Expressway (WCE), currently in the planning stages, is set to run from Banting, Selangor, to Gelang Patah, Johor. This new route will serve as an alternative to alleviate traffic congestion currently experienced by motorists on the North-South Expressway (NSE).

Once the alignment of the WCE is finalized, it is anticipated to act as a catalyst for development in adjacent coastal areas, including Klang, Port Dickson, Melaka, Muar, and Batu Pahat, thereby bringing positive spillover economic impacts.

The MOU was formally executed by LBS Executive Director, Dato’ Sri Daniel Lim, representing LBS, and Datuk Loh Kian Chong, Group Executive Chairman of Oriental Holdings Berhad, at Ames Hotel Melaka. This milestone highlights the strong leadership and shared commitment of all parties involved in bringing this landmark collaboration into fruition.

Witnessed by the Chief Minister of Melaka, YAB Datuk Seri Utama Ab Rauf Yusoh, this signing ceremony essentially underscores the project’s pivotal role in driving Melaka’s economic growth and urban transformation. The presence of the Chief Minister instils strong confidence in the Proposed Development and demonstrates the government’s steadfast dedication to its success, solidifying its position as a major catalyst for Melaka’s future prosperity.

Commenting on the MOU, Tan Sri Dato’ Sri Ir. (Dr.) Lim Hock San, Group Executive Chairman of LBS said, “This MOU marks a significant milestone as we expand into the southern region, reinforcing our commitment to regional development and people-centric communities. In partnership with Oriental Holdings, we are excited to shape Klebang into a vibrant, sustainable township. By combining our expertise and shared vision, we aim to deliver lasting value, both in building sustainable developments and uplifting Melaka’s economic and social landscape. We look forward to a strong, long-term partnership built on shared goals and mutual success.”

~End~

‘MAKAN ANGIN LOKAL WITH LBS’ CAMPAIGN DRIVES RM537 MILLION IN BOOKINGS CELEBRATES COMMUNITY SPIRIT

Media Team on April 26, 2025

26 April 2025

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‘MAKAN ANGIN LOKAL  WITH LBS’ CAMPAIGN DRIVES RM537 MILLION IN BOOKINGS CELEBRATES COMMUNITY SPIRIT

Cybersouth, 26 April 2025  – LBS Bina Group Berhad (“LBS” or the “Group”), a leading property developer guided by people-first values, is thrilled to announce the outstanding success of its ‘Makan Angin Lokal with LBS’ campaign. This initiative was specially crafted to reward purchasers who successfully executed their Sale and Purchase agreements, Loan agreements and fulfilled all stipulated terms and conditions under the campaign.

Held from 1 October to 31 December 2024, the campaign generated an impressive RM537 million in total bookings, mainly contributed by projects located at hotspots area such as Selangor (Cybersouth, Seri Kembangan, Puchong) and Johor (Molek) where demand were primarily driven by first-time home buyers. This achievement stands as a strong testament to LBS’s enduring appeal and commitment to delivering value-driven developments. 

A total of 19 projects across Malaysia including key developments such as KITA @ Cybersouth, D’Island Residence, Prestige Residence, Centrum Iris, Bayu Hills and more, participated in the campaign, further reflecting LBS’s nationwide presence and strong market engagement.

As part of the campaign, LBS proudly unveiled the grand prize winners, who walked away with hotel vouchers worth up to RM250,000 in total. These exclusive vouchers are redeemable at top-rated hotels in Selangor, Kuala Lumpur, Pahang, Penang, and Johor — offering winners a perfect opportunity for a well-deserved local getaway. 

The campaign’s grand finale took place during the lively Raya KITA Fest, held at the LBS Discovery Gallery KITA @ Cybersouth. The highlight of the event was the official prize presentation ceremony, where Dato’ Cynthia Lim, Executive Director of LBS, personally handed over mock cheques to the lucky winners.

“This campaign is our way of expressing heartfelt appreciation to our customers while spreading joy and excitement throughout the LBS community. As a developer deeply rooted in community values, we take great pride in adding festive cheer for our esteemed customers and the broader LBS family,” said Dato’ Cynthia Lim.

“This initiative also aligns with our Three-Year 8 x 8 Strategy, particularly our focus on delivering an exceptional customer experience — ensuring that every interaction is personalised, seamless, and meaningful.”

In support of the Malaysian government’s efforts to promote domestic tourism, LBS is proud to contribute by offering hotel stays at premier destinations. “We hope these rewards inspire homeowners to explore the richness of Malaysia’s heritage while serving as a token of our appreciation for their trust and support,” added Dato’. 

The event attracted over 200 guests, including LBS Perks & Plusses partners, campaign winners, potential buyers, and members of the local community. Guests celebrated Hari Raya in a festive atmosphere filled with joy, unity, and music — highlighted by a free concert featuring local artists such as Naim Daniel, Iman Troye, and Zarul Umbrella, specially brought in by LBS. It was a true reflection of the Group’s commitment to creating memorable experiences for the public.

Adding further value to the celebration, LBS’s trusted partners — EON, Watsons, HWC Coffee, and Coway, also took part in the event with engaging booths and interactive activities that elevated the overall experience for attendees.

For more updates and upcoming offers, please visit: www.lbs.com.my.

~End~

FOR IMMEDIATE RELEASE

‘MAKAN ANGIN LOKAL  WITH LBS’ CAMPAIGN DRIVES RM537 MILLION IN BOOKINGS CELEBRATES COMMUNITY SPIRIT

Cybersouth, 26 April 2025  – LBS Bina Group Berhad (“LBS” or the “Group”), a leading property developer guided by people-first values, is thrilled to announce the outstanding success of its ‘Makan Angin Lokal with LBS’ campaign. This initiative was specially crafted to reward purchasers who successfully executed their Sale and Purchase agreements, Loan agreements and fulfilled all stipulated terms and conditions under the campaign.

Held from 1 October to 31 December 2024, the campaign generated an impressive RM537 million in total bookings, mainly contributed by projects located at hotspots area such as Selangor (Cybersouth, Seri Kembangan, Puchong) and Johor (Molek) where demand were primarily driven by first-time home buyers. This achievement stands as a strong testament to LBS’s enduring appeal and commitment to delivering value-driven developments. 

A total of 19 projects across Malaysia including key developments such as KITA @ Cybersouth, D’Island Residence, Prestige Residence, Centrum Iris, Bayu Hills and more, participated in the campaign, further reflecting LBS’s nationwide presence and strong market engagement.

As part of the campaign, LBS proudly unveiled the grand prize winners, who walked away with hotel vouchers worth up to RM250,000 in total. These exclusive vouchers are redeemable at top-rated hotels in Selangor, Kuala Lumpur, Pahang, Penang, and Johor — offering winners a perfect opportunity for a well-deserved local getaway. 

The campaign’s grand finale took place during the lively Raya KITA Fest, held at the LBS Discovery Gallery KITA @ Cybersouth. The highlight of the event was the official prize presentation ceremony, where Dato’ Cynthia Lim, Executive Director of LBS, personally handed over mock cheques to the lucky winners.

“This campaign is our way of expressing heartfelt appreciation to our customers while spreading joy and excitement throughout the LBS community. As a developer deeply rooted in community values, we take great pride in adding festive cheer for our esteemed customers and the broader LBS family,” said Dato’ Cynthia Lim.

“This initiative also aligns with our Three-Year 8 x 8 Strategy, particularly our focus on delivering an exceptional customer experience — ensuring that every interaction is personalised, seamless, and meaningful.”

In support of the Malaysian government’s efforts to promote domestic tourism, LBS is proud to contribute by offering hotel stays at premier destinations. “We hope these rewards inspire homeowners to explore the richness of Malaysia’s heritage while serving as a token of our appreciation for their trust and support,” added Dato’. 

The event attracted over 200 guests, including LBS Perks & Plusses partners, campaign winners, potential buyers, and members of the local community. Guests celebrated Hari Raya in a festive atmosphere filled with joy, unity, and music — highlighted by a free concert featuring local artists such as Naim Daniel, Iman Troye, and Zarul Umbrella, specially brought in by LBS. It was a true reflection of the Group’s commitment to creating memorable experiences for the public.

Adding further value to the celebration, LBS’s trusted partners — EON, Watsons, HWC Coffee, and Coway, also took part in the event with engaging booths and interactive activities that elevated the overall experience for attendees.

For more updates and upcoming offers, please visit: www.lbs.com.my.

~End~

LBS BINA GROUP STRENGTHENS COMMUNITY WELL-BEING WITH THE ESTABLISHMENT OF AL-AMIN SURAU IN BRINCHANG, CAMERON HIGHLANDS

Media Team on March 14, 2025

14 March 2025

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LBS BINA GROUP STRENGTHENS COMMUNITY WELL-BEING WITH THE ESTABLISHMENT OF AL-AMIN SURAU IN BRINCHANG, CAMERON HIGHLANDS

Cameron Highlands, 13 March 2025  –  LBS Bina Group Berhad (“LBS” or “the Group”), a leading property developer guided by people-first values, marked a significant milestone with the official launch of Al-Amin Surau in IPD Brinchang, Cameron Highlands. The ceremony was graced by His Royal Highness, Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah ibni Almarhum Sultan Haji Ahmad Shah, the Sultan of Pahang, alongside His Royal Highness, Tengku Hassanal Ibrahim Alam Shah Ibni Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah, the Crown Prince of Pahang.

Also in attendance were YDH Tan Sri Razarudin Husain, Inspector-General of the Royal Malaysia Police (PDRM), YBhg Dato’ Sri Wan Rosdy Wan Ismail, Chief Minister of Pahang and YBhg Dato’ Seri Daniel Lim, Executive Director of LBS, who represented the Group at this prestigious event.

The completion of Al-Amin Surau demonstrates LBS’s steadfast commitment to community enrichment and social responsibility. Strategically located within the Police Headquarters in Cameron Centrum, Cameron Highlands, the surau will serve approximately 97,000 residents and visitors, providing a convenient and well-equipped place of worship.

Developed with an allocation under the ASEAN Social SRI Sukuk Wakalah Issuance by LBS, this initiative underscores the Group’s commitment to delivering sustainable and impactful contributions that enhance community well-being. The ASEAN Social SRI Sukuk Wakalah, a Shariah-compliant financial instrument, is designed to support projects that promote positive social outcomes, aligning with LBS’s dedication to responsible and inclusive development. Additionally, LBS also sponsored the officiating event with a contribution of RM100,000, further demonstrating its commitment to supporting meaningful community initiatives.

From its groundbreaking on 4 March 2023, the surau that costs approximately RM5 million was completed within a two-year development timeline, marking another milestone in LBS’s ongoing efforts to cultivate holistic and thriving communities.

Spanning 6,016 square feet on a one-acre plot, Al-Amin Surau accommodates up to 200 worshippers and is designed to meet the diverse needs of the local Muslim community and visitors. It is fully equipped with modern amenities, including:

  • An AV Room for enhanced engagement
  • A dedicated Imam’s room
  • Separate male and female ablution areas and restrooms
  • An open courtyard promoting communal gatherings
  • A mortuary room for essential services
  • A meeting room for discussions and community events
  • A well-equipped kitchen and dining area
  • Funeral van parking facilities
  • 62 parking bays, including two for persons with disabilities, and 15 motorcycle lots

Tan Sri Dato’ Sri Ir (Dr) Lim Hock San, Group Executive Chairman of LBS, expressed gratitude for the royal presence at the launch, emphasizing the surau’s deeper purpose:

“We are truly honored by the presence of His Royal Highness, the Sultan of Pahang, at this momentous occasion. The completion of Al-Amin Surau stands as a testament to LBS’s commitment to not only developing infrastructure but also fostering unity and spiritual enrichment within the community. This surau is more than a place of worship, it is a sanctuary for reflection, connection, and togetherness. We hope that it will serve as a lasting pillar of support for generations to come.”

As a property developer dedicated to purposeful development, LBS continues to lead initiatives that promote inclusivity, sustainability, and community well-being. The launch of Al-Amin Surau reflects the Group’s mission to create spaces that go beyond functionality and enhancing lives as well as strengthening the social fabric of the communities it serves.

With this milestone, LBS reaffirms its commitment to social responsibility, ensuring that its developments not only build homes but also nurture thriving, connected, and harmonious communities.

~End~

FOR IMMEDIATE RELEASE

LBS BINA GROUP STRENGTHENS COMMUNITY WELL-BEING WITH THE ESTABLISHMENT OF AL-AMIN SURAU IN BRINCHANG, CAMERON HIGHLANDS

Cameron Highlands, 13 March 2025  –  LBS Bina Group Berhad (“LBS” or “the Group”), a leading property developer guided by people-first values, marked a significant milestone with the official launch of Al-Amin Surau in IPD Brinchang, Cameron Highlands. The ceremony was graced by His Royal Highness, Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah ibni Almarhum Sultan Haji Ahmad Shah, the Sultan of Pahang, alongside His Royal Highness, Tengku Hassanal Ibrahim Alam Shah Ibni Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah, the Crown Prince of Pahang.

Also in attendance were YDH Tan Sri Razarudin Husain, Inspector-General of the Royal Malaysia Police (PDRM), YBhg Dato’ Sri Wan Rosdy Wan Ismail, Chief Minister of Pahang and YBhg Dato’ Seri Daniel Lim, Executive Director of LBS, who represented the Group at this prestigious event.

The completion of Al-Amin Surau demonstrates LBS’s steadfast commitment to community enrichment and social responsibility. Strategically located within the Police Headquarters in Cameron Centrum, Cameron Highlands, the surau will serve approximately 97,000 residents and visitors, providing a convenient and well-equipped place of worship.

Developed with an allocation under the ASEAN Social SRI Sukuk Wakalah Issuance by LBS, this initiative underscores the Group’s commitment to delivering sustainable and impactful contributions that enhance community well-being. The ASEAN Social SRI Sukuk Wakalah, a Shariah-compliant financial instrument, is designed to support projects that promote positive social outcomes, aligning with LBS’s dedication to responsible and inclusive development. Additionally, LBS also sponsored the officiating event with a contribution of RM100,000, further demonstrating its commitment to supporting meaningful community initiatives.

From its groundbreaking on 4 March 2023, the surau that costs approximately RM5 million was completed within a two-year development timeline, marking another milestone in LBS’s ongoing efforts to cultivate holistic and thriving communities.

Spanning 6,016 square feet on a one-acre plot, Al-Amin Surau accommodates up to 200 worshippers and is designed to meet the diverse needs of the local Muslim community and visitors. It is fully equipped with modern amenities, including:

  • An AV Room for enhanced engagement
  • A dedicated Imam’s room
  • Separate male and female ablution areas and restrooms
  • An open courtyard promoting communal gatherings
  • A mortuary room for essential services
  • A meeting room for discussions and community events
  • A well-equipped kitchen and dining area
  • Funeral van parking facilities
  • 62 parking bays, including two for persons with disabilities, and 15 motorcycle lots

Tan Sri Dato’ Sri Ir (Dr) Lim Hock San, Group Executive Chairman of LBS, expressed gratitude for the royal presence at the launch, emphasizing the surau’s deeper purpose:

“We are truly honored by the presence of His Royal Highness, the Sultan of Pahang, at this momentous occasion. The completion of Al-Amin Surau stands as a testament to LBS’s commitment to not only developing infrastructure but also fostering unity and spiritual enrichment within the community. This surau is more than a place of worship, it is a sanctuary for reflection, connection, and togetherness. We hope that it will serve as a lasting pillar of support for generations to come.”

As a property developer dedicated to purposeful development, LBS continues to lead initiatives that promote inclusivity, sustainability, and community well-being. The launch of Al-Amin Surau reflects the Group’s mission to create spaces that go beyond functionality and enhancing lives as well as strengthening the social fabric of the communities it serves.

With this milestone, LBS reaffirms its commitment to social responsibility, ensuring that its developments not only build homes but also nurture thriving, connected, and harmonious communities.

~End~

LBS HONORED WITH TWO PRESTIGIOUS RECOGNITIONS AT THE 2024 ISLAMIC FINANCE NEWS DEALS OF THE YEAR AWARDS

Media Team on February 21, 2025

21 February 2025

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FOR IMMEDIATE RELEASE

LBS HONORED WITH TWO PRESTIGIOUS RECOGNITIONS AT THE 2024 ISLAMIC FINANCE NEWS DEALS OF THE YEAR AWARDS

  • Recognised for Excellence in Islamic Finance and Sustainability Initiatives

Petaling Jaya, 21 February 2025 – LBS Bina Group Berhad (“LBS” or the “Group”), a leading property developer guided by people-first values, is proud to announce that it has won two awards, namely Malaysia Deal of the Year and Sustainability Deal of the Year in the highly prestigious Islamic Finance News (“IFN”) Deals of the Year 2024 Awards. These awards honour LBS in recognition of its first tranche of the ASEAN Social SRI Sukuk Wakalah of RM200 million, the groundbreaking initiative under its RM750 million Sukuk Wakalah Programme.

The Sukuk Wakalah Programme, rated ‘AA-IS’ by MARC Ratings Berhad (“MARC”), was a standout submission for its role in driving sustainable development and delivering social impact. LBS made history as the first real estate developer in Malaysia to issue this ASEAN Social SRI Sukuk Wakalah, a Shariah-compliant financial instrument designed to fund socially responsible projects. Aligning with the Group’s inaugural Sustainability Financing Framework, which has earned a “Gold” Impact Bond Assessment from MARC, this accolade reinforces LBS’s dedication to sustainable and socially responsible financing, further solidifying its commitment to projects with positive environmental and social impact.

This award, which showcases the Sukuk Wakalah Programme, exemplifies LBS’s commitment to sustainability and innovation and highlights the Group’s leadership in advancing Islamic finance principles. LBS’s strategic collaboration with key financial institutions, coupled with its forward-thinking adoption of ESG-aligned initiatives, solidifies its position as a leader in driving positive change through financial solutions.

The IFN Deals of the Year Awards, now in its 19th year, is regarded as the pinnacle of recognition in the global Islamic finance industry, recognising outstanding Shariah-compliant transactions that demonstrate innovation, influence and industry excellence. This year, the award saw a record number of submissions, with strong participation from key markets such as the Gulf Cooperation Council, Malaysia, Indonesia, and Turkiye. Oman experienced significant growth in submissions, while Saudi Arabia recorded its highest-ever level of participation.

Tan Sri Dato’ Sri Ir. (Dr.) Lim Hock San, Executive Chairman of LBS commented on the triumph, “We are truly delighted and honored to receive this esteemed recognition from IFN. These awards undeniably reflect the hard work and dedication of the entire LBS team and reaffirm the Group’s proactive approach to sustainability and innovation. By focusing on creating lasting social impact and upholding the highest standards of governance, the issuance of our RM200 million ASEAN Social SRI Sukuk is a prime example of this commitment. It not only supports Malaysia’s Islamic finance ecosystem but also enables us to deliver sustainable and affordable housing solutions, fulfilling our vision of enriching lives and building stronger communities.”

He further added, “With Malaysia emerging as a hub for Islamic financing, LBS’s achievements at this IFN Awards serve as a testament to the Group’s pioneering role in shaping the sector. Moving forward, the Group strives to integrate sustainable and socially responsible financing practices, strengthening its dedication to funding projects that drive positive environmental and social outcomes, while delivering transformative value to stakeholders.”

~End~

FOR IMMEDIATE RELEASE

LBS HONORED WITH TWO PRESTIGIOUS RECOGNITIONS AT THE 2024 ISLAMIC FINANCE NEWS DEALS OF THE YEAR AWARDS

  • Recognised for Excellence in Islamic Finance and Sustainability Initiatives

Petaling Jaya, 21 February 2025 – LBS Bina Group Berhad (“LBS” or the “Group”), a leading property developer guided by people-first values, is proud to announce that it has won two awards, namely Malaysia Deal of the Year and Sustainability Deal of the Year in the highly prestigious Islamic Finance News (“IFN”) Deals of the Year 2024 Awards. These awards honour LBS in recognition of its first tranche of the ASEAN Social SRI Sukuk Wakalah of RM200 million, the groundbreaking initiative under its RM750 million Sukuk Wakalah Programme.

The Sukuk Wakalah Programme, rated ‘AA-IS’ by MARC Ratings Berhad (“MARC”), was a standout submission for its role in driving sustainable development and delivering social impact. LBS made history as the first real estate developer in Malaysia to issue this ASEAN Social SRI Sukuk Wakalah, a Shariah-compliant financial instrument designed to fund socially responsible projects. Aligning with the Group’s inaugural Sustainability Financing Framework, which has earned a “Gold” Impact Bond Assessment from MARC, this accolade reinforces LBS’s dedication to sustainable and socially responsible financing, further solidifying its commitment to projects with positive environmental and social impact.

This award, which showcases the Sukuk Wakalah Programme, exemplifies LBS’s commitment to sustainability and innovation and highlights the Group’s leadership in advancing Islamic finance principles. LBS’s strategic collaboration with key financial institutions, coupled with its forward-thinking adoption of ESG-aligned initiatives, solidifies its position as a leader in driving positive change through financial solutions.

The IFN Deals of the Year Awards, now in its 19th year, is regarded as the pinnacle of recognition in the global Islamic finance industry, recognising outstanding Shariah-compliant transactions that demonstrate innovation, influence and industry excellence. This year, the award saw a record number of submissions, with strong participation from key markets such as the Gulf Cooperation Council, Malaysia, Indonesia, and Turkiye. Oman experienced significant growth in submissions, while Saudi Arabia recorded its highest-ever level of participation.

Tan Sri Dato’ Sri Ir. (Dr.) Lim Hock San, Executive Chairman of LBS commented on the triumph, “We are truly delighted and honored to receive this esteemed recognition from IFN. These awards undeniably reflect the hard work and dedication of the entire LBS team and reaffirm the Group’s proactive approach to sustainability and innovation. By focusing on creating lasting social impact and upholding the highest standards of governance, the issuance of our RM200 million ASEAN Social SRI Sukuk is a prime example of this commitment. It not only supports Malaysia’s Islamic finance ecosystem but also enables us to deliver sustainable and affordable housing solutions, fulfilling our vision of enriching lives and building stronger communities.”

He further added, “With Malaysia emerging as a hub for Islamic financing, LBS’s achievements at this IFN Awards serve as a testament to the Group’s pioneering role in shaping the sector. Moving forward, the Group strives to integrate sustainable and socially responsible financing practices, strengthening its dedication to funding projects that drive positive environmental and social outcomes, while delivering transformative value to stakeholders.”

~End~

LBS’S PATMI HITS 11-YEAR HIGH ON STRATEGIC RESTRUCTURING AND PORTFOLIO ENHANCEMENT

Media Team on February 20, 2025

20 February 2025

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FOR IMMEDIATE RELEASE

LBS’S PATMI HITS 11-YEAR HIGH ON STRATEGIC RESTRUCTURING AND PORTFOLIO ENHANCEMENT

  • PATMI up 63.5% driven by disposal of Zhuhai International Circuit
  • 3,789 acres landbank and RM1.68 billion unbilled sales secure sustainable growth and earnings visibility
  • Under 8 x 8 Strategy, Centrum Iris with GDV of RM472.0 million was launched

Petaling Jaya, 20 February 2025  –  LBS Bina Group Berhad (“LBS” or the “Group”), a developer guided by people-first values, today announced its unaudited financial results for the full year ended 31 December 2024 (“FYE2024”), achieving an 11-year high profit after tax and non-controlling interests (“PATMI”) from continuing operations of RM240.2 million.

The Group’s outstanding PATMI was 63.5% higher compared to the preceding year’s RM146.9 million, largely driven by its strategic realignment and portfolio optimisation exercise, with the disposal of its investment in Zhuhai International Circuit Limited (“ZIC”). This disposal, aimed at unlocking its inherent value, resulted in a one-off gain after tax of approximately RM156.0 million, hence significantly strengthened LBS’s financial performance. In addition, improved operational efficiency contributed to the Group’s overall performance, reinforced by its on-going focus on cost management measures in sustaining growth and financial stability. Revenue for the year was RM1.43 billion, predominantly derived from the property development segment which contributed RM1.37 billion or 95.6% of FYE2024’s total revenue. 

Building on its exceptional FYE2024 financial performance and with a focus on accelerating growth, LBS has recently unveiled its ambitious 8 x 8 Strategy, spanning from 2025 to 2027. This corporate roadmap outlines the Group’s commitment to launch a pipeline of development projects valued at RM8.0 billion, leveraging the Group’s sizeable landbank of 3,789 acres as at 31 December 2024. 

As part of this roadmap, LBS launched Centrum Iris, the second precinct of Cameron Centrum and largest mixed-use commercial development in Cameron Highlands, in January 2025. Centrum Iris is certified GreenRE Silver, which underscores the Group’s dedication to green sustainability living. With a gross development value of RM472.0 million, Centrum Iris is set to elevate the area’s commercial landscape while reinforcing LBS’s position in the property market. 

To support its growth trajectory, LBS has recently successfully issued the second tranche of the ASEAN Social SRI Sukuk Wakalah, raising RM400.0 million. The proceeds from the second tranche will fund the Group’s upcoming development projects, especially affordable housing, community development programmes and projects that promote sustainability.

LBS Group Executive Chairman Tan Sri Dato’ Sri Ir. (Dr) Lim Hock San said, “We remain cautiously optimistic about the future. The divestment of ZIC has sharpened our focus on core strengths, strengthened our financial position, and built a strong capital reserve for potential strategic investments ahead. Guided by our 8 x 8 Strategy, we are redefining property development through innovation, creating sustainable communities that enhance lifestyles and meet market demand. With strong market response, RM1.68 billion in unbilled sales, and accelerating sales of Centrum Iris, we are confident in strengthening our position as a leading developer and driving continued success.”

-End-

FOR IMMEDIATE RELEASE

LBS’S PATMI HITS 11-YEAR HIGH ON STRATEGIC RESTRUCTURING AND PORTFOLIO ENHANCEMENT

  • PATMI up 63.5% driven by disposal of Zhuhai International Circuit
  • 3,789 acres landbank and RM1.68 billion unbilled sales secure sustainable growth and earnings visibility
  • Under 8 x 8 Strategy, Centrum Iris with GDV of RM472.0 million was launched

Petaling Jaya, 20 February 2025  –  LBS Bina Group Berhad (“LBS” or the “Group”), a developer guided by people-first values, today announced its unaudited financial results for the full year ended 31 December 2024 (“FYE2024”), achieving an 11-year high profit after tax and non-controlling interests (“PATMI”) from continuing operations of RM240.2 million.

The Group’s outstanding PATMI was 63.5% higher compared to the preceding year’s RM146.9 million, largely driven by its strategic realignment and portfolio optimisation exercise, with the disposal of its investment in Zhuhai International Circuit Limited (“ZIC”). This disposal, aimed at unlocking its inherent value, resulted in a one-off gain after tax of approximately RM156.0 million, hence significantly strengthened LBS’s financial performance. In addition, improved operational efficiency contributed to the Group’s overall performance, reinforced by its on-going focus on cost management measures in sustaining growth and financial stability. Revenue for the year was RM1.43 billion, predominantly derived from the property development segment which contributed RM1.37 billion or 95.6% of FYE2024’s total revenue. 

Building on its exceptional FYE2024 financial performance and with a focus on accelerating growth, LBS has recently unveiled its ambitious 8 x 8 Strategy, spanning from 2025 to 2027. This corporate roadmap outlines the Group’s commitment to launch a pipeline of development projects valued at RM8.0 billion, leveraging the Group’s sizeable landbank of 3,789 acres as at 31 December 2024. 

As part of this roadmap, LBS launched Centrum Iris, the second precinct of Cameron Centrum and largest mixed-use commercial development in Cameron Highlands, in January 2025. Centrum Iris is certified GreenRE Silver, which underscores the Group’s dedication to green sustainability living. With a gross development value of RM472.0 million, Centrum Iris is set to elevate the area’s commercial landscape while reinforcing LBS’s position in the property market. 

To support its growth trajectory, LBS has recently successfully issued the second tranche of the ASEAN Social SRI Sukuk Wakalah, raising RM400.0 million. The proceeds from the second tranche will fund the Group’s upcoming development projects, especially affordable housing, community development programmes and projects that promote sustainability.

LBS Group Executive Chairman Tan Sri Dato’ Sri Ir. (Dr) Lim Hock San said, “We remain cautiously optimistic about the future. The divestment of ZIC has sharpened our focus on core strengths, strengthened our financial position, and built a strong capital reserve for potential strategic investments ahead. Guided by our 8 x 8 Strategy, we are redefining property development through innovation, creating sustainable communities that enhance lifestyles and meet market demand. With strong market response, RM1.68 billion in unbilled sales, and accelerating sales of Centrum Iris, we are confident in strengthening our position as a leading developer and driving continued success.”

-End-

LBS EMBRACES NEW BEGINNINGS WITH ROYALTY GRACE AT ‘MAJLIS SANTAPAN TENGAHARI’ IN THE YEAR OF THE SNAKE

Media Team on February 5, 2025

5 February 2025

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LBS EMBRACES NEW BEGINNINGS WITH ROYALTY GRACE AT ‘MAJLIS SANTAPAN TENGAHARI’ IN THE YEAR OF THE SNAKE

Petaling Jaya, 05 February 2025  –  LBS Bina Group Berhad (“LBS” or the “Group”), a leading property developer guided by people-first values, hosted a vibrant Chinese New Year Luncheon at the Shangri-La Hotel, Kuala Lumpur, with the esteemed presence of the Sultan of Pahang, His Royal Highness, Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah ibni Almarhum Sultan Haji Ahmad Shah and His Royal Highness The Crown Prince of Pahang, Tengku Hassanal Ibrahim Alam Shah Ibni Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah.

The event, a symbol of LBS’ long-standing tradition of fostering unity and gratitude, was attended by other dignitaries including, YB Tan Sri Dato’ (Dr.) Johari bin Abdul, Yang Di-Pertua Dewan Rakyat; YB Datuk Seri Haji Mohamad bin Sabu, Minister of Agriculture and Food Industry; YB Tuan Gobind Singh Deo, Minister of Digital; YAB Datuk Seri Utama Ab Rauf bin Yusoh, Chief Minister of Malacca; YB Datuk Chan Foong Hin, Deputy Minister of Plantation and Commodities and YB Teo Nie Ching, Deputy Minister of Communication.

Among other attendees were the key stakeholders, including shareholders, business partners, and media associates. In his welcoming speech, Tan Sri Dato’ Sri Ir (Dr) Lim Hock San, Group Executive Chairman of LBS Bina Group, highlighted the long-standing and strong relationship between LBS and the Sultan of Pahang, which has been nurtured since the era of the late Tuanku’s father.

Tan Sri Lim also extended his heartfelt thanks to the entire LBS family, acknowledging their continued support and commitment to the organization’s success. “Your contributions remain crucial in our shared triumphs, and together, we will continue to deliver innovative housing solutions while staying true to our core values,” he said.

In addition to celebrating the season’s festivities, LBS proudly unveiled its ambitious 8 x 8 Strategy, a commitment to launch a pipeline of projects with a total gross development value (“GDV”) of approximately RM8.0 billion, aimed at positioning the company as one of the leading players in the housing industry. This ambitious goal is enhanced by eight (8) Focus Areas:

  • Residential
  •  Industrial & Commercial
  • Landbank Optimisation
  • Pursuit of Excellence
  • Employee Empowerment
  •  Customer Experience
  • Sustainability Advancement
  • Community Wellbeing

The 8 x 8 Strategy focuses on enhancing operational efficiency, expanding market reach, and adopting advanced technologies in construction to better meet the diverse housing needs of the nation. With a forward-looking approach, this strategy will further strengthen LBS’ standing as a market leader and provide a solid foundation for sustainable growth in the coming years.

“Today, as we gather to celebrate this festive occasion, we also look ahead with great anticipation. The 8 x 8 Strategy is our roadmap to ensuring that LBS evolves into one of the leaders in the housing industry, all while staying true to our commitment to delivering high-quality, accessible housing solutions,” Tan Sri Lim concluded.

The event concluded with well-wishes for a prosperous and abundant year ahead, filled with good fortune and success for all. The dedication of LBS and its leadership to the people and the nation remains steadfast, marking yet another milestone in its journey towards creating a better future for Malaysians.

-End-

FOR IMMEDIATE RELEASE

LBS EMBRACES NEW BEGINNINGS WITH ROYALTY GRACE AT ‘MAJLIS SANTAPAN TENGAHARI’ IN THE YEAR OF THE SNAKE

Petaling Jaya, 05 February 2025  –  LBS Bina Group Berhad (“LBS” or the “Group”), a leading property developer guided by people-first values, hosted a vibrant Chinese New Year Luncheon at the Shangri-La Hotel, Kuala Lumpur, with the esteemed presence of the Sultan of Pahang, His Royal Highness, Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah ibni Almarhum Sultan Haji Ahmad Shah and His Royal Highness The Crown Prince of Pahang, Tengku Hassanal Ibrahim Alam Shah Ibni Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah.

The event, a symbol of LBS’ long-standing tradition of fostering unity and gratitude, was attended by other dignitaries including, YB Tan Sri Dato’ (Dr.) Johari bin Abdul, Yang Di-Pertua Dewan Rakyat; YB Datuk Seri Haji Mohamad bin Sabu, Minister of Agriculture and Food Industry; YB Tuan Gobind Singh Deo, Minister of Digital; YAB Datuk Seri Utama Ab Rauf bin Yusoh, Chief Minister of Malacca; YB Datuk Chan Foong Hin, Deputy Minister of Plantation and Commodities and YB Teo Nie Ching, Deputy Minister of Communication.

Among other attendees were the key stakeholders, including shareholders, business partners, and media associates. In his welcoming speech, Tan Sri Dato’ Sri Ir (Dr) Lim Hock San, Group Executive Chairman of LBS Bina Group, highlighted the long-standing and strong relationship between LBS and the Sultan of Pahang, which has been nurtured since the era of the late Tuanku’s father.

Tan Sri Lim also extended his heartfelt thanks to the entire LBS family, acknowledging their continued support and commitment to the organization’s success. “Your contributions remain crucial in our shared triumphs, and together, we will continue to deliver innovative housing solutions while staying true to our core values,” he said.

In addition to celebrating the season’s festivities, LBS proudly unveiled its ambitious 8 x 8 Strategy, a commitment to launch a pipeline of projects with a total gross development value (“GDV”) of approximately RM8.0 billion, aimed at positioning the company as one of the leading players in the housing industry. This ambitious goal is enhanced by eight (8) Focus Areas:

  • Residential
  •  Industrial & Commercial
  • Landbank Optimisation
  • Pursuit of Excellence
  • Employee Empowerment
  •  Customer Experience
  • Sustainability Advancement
  • Community Wellbeing

The 8 x 8 Strategy focuses on enhancing operational efficiency, expanding market reach, and adopting advanced technologies in construction to better meet the diverse housing needs of the nation. With a forward-looking approach, this strategy will further strengthen LBS’ standing as a market leader and provide a solid foundation for sustainable growth in the coming years.

“Today, as we gather to celebrate this festive occasion, we also look ahead with great anticipation. The 8 x 8 Strategy is our roadmap to ensuring that LBS evolves into one of the leaders in the housing industry, all while staying true to our commitment to delivering high-quality, accessible housing solutions,” Tan Sri Lim concluded.

The event concluded with well-wishes for a prosperous and abundant year ahead, filled with good fortune and success for all. The dedication of LBS and its leadership to the people and the nation remains steadfast, marking yet another milestone in its journey towards creating a better future for Malaysians.

-End-

LBS BINA DEBUTS THREE-YEAR 8 X 8 STRATEGY AT ANNUAL TOWN HALL MEETING

Media Team on January 27, 2025

27 January 2025

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LBS BINA DEBUTS THREE-YEAR 8 X 8 STRATEGY AT ANNUAL TOWN HALL MEETING

  • Three-year corporate strategy to be implemented from 2025 to 2027
  • Pipeline of projects with total GDV of RM8.0 billion to be launched; anchored by 8 Focus Areas
  • Celebration of LBS’s rich heritage and strong solidarity

Petaling Jaya, 27 January 2025  –  LBS Bina Group Berhad (“LBS” or the “Group”), a leading property developer guided by people-first values, has proudly introduced its bold and dynamic 8 x 8 Strategy during the LBS Town Hall Meeting 2025 held on 23 January 2025. The three-year corporate roadmap, spanning 2025 to 2027, aims to elevate the Group’s achievements to unprecedented heights, solidifying its position as a leader in the property development industry.

At the core of the 8 x 8 Strategy is LBS’s commitment to launch a pipeline of projects with a total gross development value (“GDV”) of approximately RM8.0 billion over the next three years. This ambitious goal is anchored by eight (8) Focus Areas:

  • Residential
  • Industrial & Commercial
  • Landbank Optimisation
  • Pursuit of Excellence
  • Employee Empowerment
  • Customer Experience
  • Sustainability Advancement
  • Community Wellbeing

Under LBS’s development plans, the Group is dedicated to developing homes that enable Malaysians of all walks of life to realise their dreams of homeownership. These projects will feature a diverse mix of high-rise and landed homes located in key urban regions mainly across Klang Valley, Pahang, Johor and Perak. LBS will also continue to expand its existing townships, recognising that these developments are crucial to fostering sustainable urban growth, enhancing the quality of life and driving economic development. The Group’s townships currently include KITA @ Cybersouth, LBS Alam Perdana, Bandar Saujana Putra and most recently Rimbawan – a premier, eco-conscious development launched in October 2024.

Beyond residential projects, LBS will develop state-of-the-art industrial and commercial hubs tailored to modern business needs. These hubs will be strategically positioned to offer seamless accessibility to infrastructure and logistics networks, ensuring operational efficiency for their occupants. This underscores LBS’s dedication to fostering a business-friendly ecosystem that supports long-term economic development and competitiveness.

While property development remains as its core business, LBS is exploring innovative ways to optimise its landbank. For instance, the Group’s 43-MWp solar farm in Senawang, Negeri Sembilan, is slated for completion by the end of 2025. Once operational, the solar farm will not only support sustainable energy goals, but also generate recurring income for the Group. 

The remaining five Focus Areas seek to differentiate LBS from the market and increase its operational efficiency and effectiveness. By adopting an attitude of continuous improvement, the Group strives to be the best in all its endeavours. The Group also aims to empower its employees to innovate and take ownership of their professional growth, thereby contributing to LBS’s overall success. For its customers, the Group aims to deliver exceptional customer experience by ensuring every interaction is personalised, seamless and meaningful. Sustainability is also a cornerstone of the strategy, with eco-conscious elements incorporated in every product, from design to completion, to preserve the environment. Finally, in alignment with its commitment to community wellbeing, the Group strives to create inclusive and inspiring spaces that foster a sense of belonging while promoting vibrant, connected living. To ensure the smooth implementation, these five Focus Areas will be translated into actionable goals that will be tracked.

Through the implementation of the 8 x 8 Strategy, LBS is set to transform into a dynamic force in property development, driven by its bold vision to redefine excellence and innovation in real estate. The Group is committed to create vibrant, sustainable communities and delightful spaces that inspire, empower, and elevate lifestyles.

Commenting on this visionary initiative, LBS Group Executive Chairman Tan Sri Dato’ Sri Ir. (Dr.) Lim Hock San said, “LBS has consistently stood as a beacon of quality and innovation in the property development industry. With a foundation built on trust and a long-proven track record of success, the 8 x 8 Strategy will guide the Group’s next phase of growth. We are deeply committed to exceeding the expectations of homebuyers and stakeholders, redefining what it means to build a legacy of excellence.”

During the highly anticipated annual Town Hall Meeting themed ‘The Power of Believe, Become and Behold,’ the vibrant neon-inspired event showcased the Group’s dynamic culture and collective achievements. Held at SJK (C) Sg. Way, Petaling Jaya, the same venue as the inaugural town hall in 2012, the gathering marked a nostalgic yet inspiring milestone for the Group. From a modest team of 160, LBS has grown into a robust workforce of over 450 employees, all playing a vital role in its continued success. 

The event celebrated this incredible journey, blending tradition with innovation. Festivities began with a lively Traditional Lion Dance, followed by vibrant employee performances, and activities that reflected LBS’s rich heritage and strong solidarity.

During the event, Tan Sri Lim highlighted, “2024 has been a year of tremendous growth for LBS, with remarkable achievements in personal development, organizational culture, and corporate performance. As we look ahead, our strength lies in our unified team. Together, we will build on this momentum and accomplish even greater milestones.”

-End-

FOR IMMEDIATE RELEASE

LBS BINA DEBUTS THREE-YEAR 8 X 8 STRATEGY AT ANNUAL TOWN HALL MEETING

  • Three-year corporate strategy to be implemented from 2025 to 2027
  • Pipeline of projects with total GDV of RM8.0 billion to be launched; anchored by 8 Focus Areas
  • Celebration of LBS’s rich heritage and strong solidarity

Petaling Jaya, 27 January 2025  –  LBS Bina Group Berhad (“LBS” or the “Group”), a leading property developer guided by people-first values, has proudly introduced its bold and dynamic 8 x 8 Strategy during the LBS Town Hall Meeting 2025 held on 23 January 2025. The three-year corporate roadmap, spanning 2025 to 2027, aims to elevate the Group’s achievements to unprecedented heights, solidifying its position as a leader in the property development industry.

At the core of the 8 x 8 Strategy is LBS’s commitment to launch a pipeline of projects with a total gross development value (“GDV”) of approximately RM8.0 billion over the next three years. This ambitious goal is anchored by eight (8) Focus Areas:

  • Residential
  • Industrial & Commercial
  • Landbank Optimisation
  • Pursuit of Excellence
  • Employee Empowerment
  • Customer Experience
  • Sustainability Advancement
  • Community Wellbeing

Under LBS’s development plans, the Group is dedicated to developing homes that enable Malaysians of all walks of life to realise their dreams of homeownership. These projects will feature a diverse mix of high-rise and landed homes located in key urban regions mainly across Klang Valley, Pahang, Johor and Perak. LBS will also continue to expand its existing townships, recognising that these developments are crucial to fostering sustainable urban growth, enhancing the quality of life and driving economic development. The Group’s townships currently include KITA @ Cybersouth, LBS Alam Perdana, Bandar Saujana Putra and most recently Rimbawan – a premier, eco-conscious development launched in October 2024.

Beyond residential projects, LBS will develop state-of-the-art industrial and commercial hubs tailored to modern business needs. These hubs will be strategically positioned to offer seamless accessibility to infrastructure and logistics networks, ensuring operational efficiency for their occupants. This underscores LBS’s dedication to fostering a business-friendly ecosystem that supports long-term economic development and competitiveness.

While property development remains as its core business, LBS is exploring innovative ways to optimise its landbank. For instance, the Group’s 43-MWp solar farm in Senawang, Negeri Sembilan, is slated for completion by the end of 2025. Once operational, the solar farm will not only support sustainable energy goals, but also generate recurring income for the Group. 

The remaining five Focus Areas seek to differentiate LBS from the market and increase its operational efficiency and effectiveness. By adopting an attitude of continuous improvement, the Group strives to be the best in all its endeavours. The Group also aims to empower its employees to innovate and take ownership of their professional growth, thereby contributing to LBS’s overall success. For its customers, the Group aims to deliver exceptional customer experience by ensuring every interaction is personalised, seamless and meaningful.

Sustainability is also a cornerstone of the strategy, with eco-conscious elements incorporated in every product, from design to completion, to preserve the environment. Finally, in alignment with its commitment to community wellbeing, the Group strives to create inclusive and inspiring spaces that foster a sense of belonging while promoting vibrant, connected living. To ensure the smooth implementation, these five Focus Areas will be translated into actionable goals that will be tracked.

Through the implementation of the 8 x 8 Strategy, LBS is set to transform into a dynamic force in property development, driven by its bold vision to redefine excellence and innovation in real estate. The Group is committed to create vibrant, sustainable communities and delightful spaces that inspire, empower, and elevate lifestyles.

Commenting on this visionary initiative, LBS Group Executive Chairman Tan Sri Dato’ Sri Ir. (Dr.) Lim Hock San said, “LBS has consistently stood as a beacon of quality and innovation in the property development industry. With a foundation built on trust and a long-proven track record of success, the 8 x 8 Strategy will guide the Group’s next phase of growth. We are deeply committed to exceeding the expectations of homebuyers and stakeholders, redefining what it means to build a legacy of excellence.”

During the highly anticipated annual Town Hall Meeting themed ‘The Power of Believe, Become and Behold,’ the vibrant neon-inspired event showcased the Group’s dynamic culture and collective achievements. Held at SJK (C) Sg. Way, Petaling Jaya, the same venue as the inaugural town hall in 2012, the gathering marked a nostalgic yet inspiring milestone for the Group. From a modest team of 160, LBS has grown into a robust workforce of over 450 employees, all playing a vital role in its continued success. 

The event celebrated this incredible journey, blending tradition with innovation. Festivities began with a lively Traditional Lion Dance, followed by vibrant employee performances, and activities that reflected LBS’s rich heritage and strong solidarity.

During the event, Tan Sri Lim highlighted, “2024 has been a year of tremendous growth for LBS, with remarkable achievements in personal development, organizational culture, and corporate performance. As we look ahead, our strength lies in our unified team. Together, we will build on this momentum and accomplish even greater milestones.”

-End-

LBS BINA GROUP SUCCESSFULLY CONCLUDES SECOND ASEAN SOCIAL SRI SUKUK WAKALAH ISSUANCE

Media Team on January 24, 2025

24 January 2025

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LBS BINA GROUP SUCCESSFULLY CONCLUDES SECOND ASEAN SOCIAL SRI SUKUK WAKALAH ISSUANCE

Petaling Jaya, 24 January 2025 – LBS Bina Group Berhad (“LBS” or the “Group”), a leading property developer guided by people-first values, is pleased to announce the successful issuance of its second tranche of ASEAN Social SRI Sukuk Wakalah, amounting to RM400.0 million in nominal value (“Second Tranche”) under LBS’ existing RM750.0 million Sukuk Wakalah Programme, which is rated AA-IS with a Stable outlook by MARC Ratings Berhad. The completion of the Second Tranche continues to demonstrate the capital markets’ positive reception towards LBS’ commitment to sustainable growth and development.

The unsecured Second Tranche was issued with a periodic distribution rate of 4.81% per annum and carries a tenure of 7 years, maturing on 23rd January 2032. The issuance garnered strong interest from investors, achieving an oversubscription rate of 5.27 times, with a final order book of approximately RM2.1 billion. The robust demand, driven primarily by institutional investors, underscores the market’s confidence in LBS’ track record, strategic direction and sound governance practices.

Proceeds from the issuance will be allocated in accordance with the Group’s Sustainability Financing Framework, channelling funds toward projects focused on affordable housing, community development, and sustainability. These initiatives align with LBS’ mission to drive positive societal impact and create lasting value for stakeholders.

Tan Sri Dato’ Sri Ir. (Dr.) Lim Hock San, the Group Executive Chairman of LBS commented, “The issuance of this Second Tranche marks another significant milestone in our journey to integrate sustainability into our business operations. The proceeds will enable us to enhance our portfolio of affordable housing projects, contributing to community development and fostering positive social outcomes. This achievement reflects our continuous commitment to balancing sustainable business growth with the well-being of the communities we serve.”

He further added, “This issuance reaffirms our dedication to addressing the evolving needs of the communities we serve.”

The issuance was managed by HSBC Amanah Malaysia Berhad, Maybank Investment Bank Berhad, and RHB Investment Bank Berhad, which acted as the joint lead managers for the Second Tranche.

-End-

FOR IMMEDIATE RELEASE

LBS BINA GROUP SUCCESSFULLY CONCLUDES SECOND ASEAN SOCIAL SRI SUKUK WAKALAH ISSUANCE

Petaling Jaya, 24 January 2025 – LBS Bina Group Berhad (“LBS” or the “Group”), a leading property developer guided by people-first values, is pleased to announce the successful issuance of its second tranche of ASEAN Social SRI Sukuk Wakalah, amounting to RM400.0 million in nominal value (“Second Tranche”) under LBS’ existing RM750.0 million Sukuk Wakalah Programme, which is rated AA-IS with a Stable outlook by MARC Ratings Berhad. The completion of the Second Tranche continues to demonstrate the capital markets’ positive reception towards LBS’ commitment to sustainable growth and development.

The unsecured Second Tranche was issued with a periodic distribution rate of 4.81% per annum and carries a tenure of 7 years, maturing on 23rd January 2032. The issuance garnered strong interest from investors, achieving an oversubscription rate of 5.27 times, with a final order book of approximately RM2.1 billion. The robust demand, driven primarily by institutional investors, underscores the market’s confidence in LBS’ track record, strategic direction and sound governance practices.

Proceeds from the issuance will be allocated in accordance with the Group’s Sustainability Financing Framework, channelling funds toward projects focused on affordable housing, community development, and sustainability. These initiatives align with LBS’ mission to drive positive societal impact and create lasting value for stakeholders.

Tan Sri Dato’ Sri Ir. (Dr.) Lim Hock San, the Group Executive Chairman of LBS commented, “The issuance of this Second Tranche marks another significant milestone in our journey to integrate sustainability into our business operations. The proceeds will enable us to enhance our portfolio of affordable housing projects, contributing to community development and fostering positive social outcomes. This achievement reflects our continuous commitment to balancing sustainable business growth with the well-being of the communities we serve.”

He further added, “This issuance reaffirms our dedication to addressing the evolving needs of the communities we serve.”

The issuance was managed by HSBC Amanah Malaysia Berhad, Maybank Investment Bank Berhad, and RHB Investment Bank Berhad, which acted as the joint lead managers for the Second Tranche.

-End-

LBS MERDEKA CAMPAIGN 2024: CELEBRATING SUCCESS WITH RM30,000 CASH REWARD FOR LUCKY HOMEBUYERS

Media Team on January 13, 2025

13 January 2025

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FOR IMMEDIATE RELEASE

  LBS MERDEKA CAMPAIGN 2024: CELEBRATING SUCCESS WITH RM30,000 CASH REWARD FOR LUCKY HOMEBUYERS

Petaling Jaya, 13 January 2025 – LBS Bina Group Berhad (“LBS” or the “Group”), a leading property developer guided by people-first values, is delighted to announce the resounding success of its Merdeka Campaign, held from 1 August to 30 September 2024. The campaign, designed to reward purchasers who successfully completed their sales and purchase agreements, secured loan approvals, and fulfilled all stipulated terms and conditions, culminated in a memorable celebration.

LBS is excited to unveil the eight (8) lucky winners, each of whom received a generous cash incentive of RM30,000 as a token of appreciation for their support and commitment to the campaign.

The prizes were presented by LBS Group Managing Director, Datuk Wira Joey Lim, during the event held at the Prestige Residence Sales Gallery on 8 January 2025. A second prize presentation session was also held at the LBS Saujana Molek Sales Gallery in Johor Bahru on 11 January 2025.

Congratulations to the Winners of the LBS Merdeka Campaign 2024!

No.

NAME

1.

ARISTA AINI BINTI MISTAR

2.

AHMAD FIRDAUS AD’NIN BIN RAMLI

3.

DIDI EISMANTO BIN SUALMAN

4.

NORASLINDA BINTI MAZLAN

5.

LIM LEE YO

6.

NURUL FATERA BINTI SUFRI

7.

KEE MIH CHIAN @ KER MIH CHIAN

8.

MAENAGA GHANDHI A/P SUPPERMANIAM

These winners exemplified the confidence and loyalty that homebuyers placed in LBS’s high-quality developments. The cash incentive of RM30,000 served as a meaningful token of gratitude, elevating their Merdeka celebrations to new heights.

Commenting on the winner selection, Tan Sri Dato’ Sri Ir (Dr) Lim Hock San, LBS Group Executive Chairman, stated, “We were deeply honored by the continued trust and support of our customers. The Merdeka Campaign reflected our commitment to going beyond delivering exceptional properties. Our aim was to create rewarding experiences and lasting relationships with our purchasers. Congratulations to all our winners!”

The Merdeka Campaign was part of LBS’s ongoing commitment to creating opportunities that resonate with the aspirations of Malaysians. By offering not just homes but also value-added initiatives, the Group continued to foster deeper connections with its community of buyers,” added Tan Sri.

LBS extended its heartfelt gratitude to all participants of the Merdeka Campaign. The Group remained dedicated to delivering innovative campaigns and exciting rewards in the future.

For more updates and upcoming offers, stay connected with LBS Bina Group Berhad or visit www.lbs.com.my.

-End-

FOR IMMEDIATE RELEASE

  LBS MERDEKA CAMPAIGN 2024: CELEBRATING SUCCESS WITH RM30,000 CASH REWARD FOR LUCKY HOMEBUYERS

Petaling Jaya, 13 January 2025 – LBS Bina Group Berhad (“LBS” or the “Group”), a leading property developer guided by people-first values, is delighted to announce the resounding success of its Merdeka Campaign, held from 1 August to 30 September 2024. The campaign, designed to reward purchasers who successfully completed their sales and purchase agreements, secured loan approvals, and fulfilled all stipulated terms and conditions, culminated in a memorable celebration.

LBS is excited to unveil the eight (8) lucky winners, each of whom received a generous cash incentive of RM30,000 as a token of appreciation for their support and commitment to the campaign.

The prizes were presented by LBS Group Managing Director, Datuk Wira Joey Lim, during the event held at the Prestige Residence Sales Gallery on 8 January 2025. A second prize presentation session was also held at the LBS Saujana Molek Sales Gallery in Johor Bahru on 11 January 2025.

Congratulations to the Winners of the LBS Merdeka Campaign 2024!

No.

NAME

1.

ARISTA AINI BINTI MISTAR

2.

AHMAD FIRDAUS AD’NIN BIN RAMLI

3.

DIDI EISMANTO BIN SUALMAN

4.

NORASLINDA BINTI MAZLAN

5.

LIM LEE YO

6.

NURUL FATERA BINTI SUFRI

7.

KEE MIH CHIAN @ KER MIH CHIAN

8.

MAENAGA GHANDHI A/P SUPPERMANIAM

These winners exemplified the confidence and loyalty that homebuyers placed in LBS’s high-quality developments. The cash incentive of RM30,000 served as a meaningful token of gratitude, elevating their Merdeka celebrations to new heights.

Commenting on the winner selection, Tan Sri Dato’ Sri Ir (Dr) Lim Hock San, LBS Group Executive Chairman, stated, “We were deeply honored by the continued trust and support of our customers. The Merdeka Campaign reflected our commitment to going beyond delivering exceptional properties. Our aim was to create rewarding experiences and lasting relationships with our purchasers. Congratulations to all our winners!”

The Merdeka Campaign was part of LBS’s ongoing commitment to creating opportunities that resonate with the aspirations of Malaysians. By offering not just homes but also value-added initiatives, the Group continued to foster deeper connections with its community of buyers,” added Tan Sri.

LBS extended its heartfelt gratitude to all participants of the Merdeka Campaign. The Group remained dedicated to delivering innovative campaigns and exciting rewards in the future.

For more updates and upcoming offers, stay connected with LBS Bina Group Berhad or visit www.lbs.com.my.

-End-

LBS KICKS OFF 2025 WITH THE UNVEILING OF CENTRUM IRIS: A PREMIER DESTINATION COMBINING MODERN LIVING WITH ENGLISH CHARM IN CAMERON HIGHLANDS

Media Team on January 10, 2025

10 January 2025

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LBS KICKS OFF 2025 WITH THE UNVEILING OF CENTRUM IRIS: A PREMIER DESTINATION COMBINING MODERN LIVING WITH ENGLISH CHARM IN CAMERON HIGHLANDS

  • The largest mixed development featuring commercial offerings
  • Stylish and modern project that enhances overall experience for Brinchang residents and visitors

Petaling Jaya, 10 January 2025 – As the first of many exciting developments to come in the new year, LBS Bina Group Berhad (“LBS” or the “Group”), a developer guided by people-first values, is proud to launch Centrum Iris. This is the second precinct of Cameron Centrum and the largest mixed development of commercial offerings in Cameron Highlands, Pahang. Strategically located in the heart of Brinchang’s bustling commercial district, Centrum Iris represents a strategic addition to LBS’s growing portfolio, projected to deliver a robust Gross Development Value (GDV) of RM472 million. The development is poised to redefine highland living by seamlessly combining modern sophistication with the timeless appeal of English charm. The project has already garnered an overwhelming response from potential homebuyers.

Certified with the Silver GreenRE1 Centrum Iris features 705 residential units ranging from 595 to 1,370 square feet, with prices starting from RM476,000. Additionally, the development includes 26 commercial units, sized between 615 and 2,944 square feet, with prices starting from RM676,000. Meticulously designed, this mixed-use development caters to both homeowners and business owners, blending urban convenience with serene natural beauty.

As a gateway to Brinchang’s vibrant charm, Centrum Iris boasts a prime location, making it an ideal base for both residents and visitors to explore the dynamic surroundings of Cameron Highlands. Its mixed-use design enhances the overall experience by providing a wide range of conveniences, including stylish living spaces and retail options within a single integrated development.

Reflecting its inspiration from the timeless charm of English gardens, Centrum Iris is characterized by unique elements such as an English Courtyard, the Iris Tea Garden, the Songbird Sanctuary, the Courtyard Carriage Garden, the Iris Maze Garden, and the Iris Promenade, which add a sense of elegance and tranquility to the development. These spaces provide residents and visitors with serene settings to unwind and connect with nature. The development offers up to 47 lifestyle facilities, including recreational and relaxation amenities, designed to enhance residents’ quality of life.

Adding to its appeal, Centrum Iris introduces innovative features such as electric vehicle (EV) charging bays underscoring LBS’s commitment to sustainable living. The development also offers a unique relaxation spot in the form of a rooftop restaurant and café, which provides breathtaking views of the surrounding highlands, making it a unique destination for dining and leisure.

Commenting on the launch, Tan Sri Dato’ Sri Ir. (Dr.) Lim Hock San, Group Executive Chairman of LBS said, “Centrum Iris embodies the Group’s vision of creating integrated developments that cater to contemporary lifestyles, offering a dynamic living environment that balances luxury, convenience, and peacefulness. By combining stylish architecture with unparalleled amenities, we are not only redefining highland living but also establishing a new benchmark for mixed developments in Cameron Highlands.”

As LBS continues to expand its portfolio, Centrum Iris is just the beginning of more exciting projects to come. These future developments promise to bring additional value to residents, offering innovative facilities and unique features that blend modern comforts with the natural beauty of the highlands. LBS is excited to kick off 2025 with a pipeline of new projects, all aligned with our vision of providing homes that meet the evolving needs of people,” added Tan Sri.

For those seeking a premier address in Cameron Highlands, Centrum Iris presents a rare opportunity to experience elevated living in a prime location. For more information, call 1700 81 8778 or visit www.cameroncentrum.com.my. Alternatively, you may drop by our sales gallery at C-2-48, Presint 1, Cameron Centrum, 39100 Brinchang, Cameron Highlands, Pahang. We are open daily from 10:00 AM to 6:00 PM.

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1 The GreenRE Silver Award is a rating given to projects that meet the GreenRE guidelines for green building excellence.

FOR IMMEDIATE RELEASE

LBS KICKS OFF 2025 WITH THE UNVEILING OF CENTRUM IRIS: A PREMIER DESTINATION COMBINING MODERN LIVING WITH ENGLISH CHARM IN CAMERON HIGHLANDS

  • The largest mixed development featuring commercial offerings
  • Stylish and modern project that enhances overall experience for Brinchang residents and visitors

Petaling Jaya, 10 January 2025 – As the first of many exciting developments to come in the new year, LBS Bina Group Berhad (“LBS” or the “Group”), a developer guided by people-first values, is proud to launch Centrum Iris. This is the second precinct of Cameron Centrum and the largest mixed development of commercial offerings in Cameron Highlands, Pahang. Strategically located in the heart of Brinchang’s bustling commercial district, Centrum Iris represents a strategic addition to LBS’s growing portfolio, projected to deliver a robust Gross Development Value (GDV) of RM472 million. The development is poised to redefine highland living by seamlessly combining modern sophistication with the timeless appeal of English charm. The project has already garnered an overwhelming response from potential homebuyers.

Certified with the Silver GreenRE1 Centrum Iris features 705 residential units ranging from 595 to 1,370 square feet, with prices starting from RM476,000. Additionally, the development includes 26 commercial units, sized between 615 and 2,944 square feet, with prices starting from RM676,000. Meticulously designed, this mixed-use development caters to both homeowners and business owners, blending urban convenience with serene natural beauty.

As a gateway to Brinchang’s vibrant charm, Centrum Iris boasts a prime location, making it an ideal base for both residents and visitors to explore the dynamic surroundings of Cameron Highlands. Its mixed-use design enhances the overall experience by providing a wide range of conveniences, including stylish living spaces and retail options within a single integrated development.

Reflecting its inspiration from the timeless charm of English gardens, Centrum Iris is characterized by unique elements such as an English Courtyard, the Iris Tea Garden, the Songbird Sanctuary, the Courtyard Carriage Garden, the Iris Maze Garden, and the Iris Promenade, which add a sense of elegance and tranquility to the development. These spaces provide residents and visitors with serene settings to unwind and connect with nature. The development offers up to 47 lifestyle facilities, including recreational and relaxation amenities, designed to enhance residents’ quality of life.

Adding to its appeal, Centrum Iris introduces innovative features such as electric vehicle (EV) charging bays underscoring LBS’s commitment to sustainable living. The development also offers a unique relaxation spot in the form of a rooftop restaurant and café, which provides breathtaking views of the surrounding highlands, making it a unique destination for dining and leisure.

Commenting on the launch, Tan Sri Dato’ Sri Ir. (Dr.) Lim Hock San, Group Executive Chairman of LBS said, “Centrum Iris embodies the Group’s vision of creating integrated developments that cater to contemporary lifestyles, offering a dynamic living environment that balances luxury, convenience, and peacefulness. By combining stylish architecture with unparalleled amenities, we are not only redefining highland living but also establishing a new benchmark for mixed developments in Cameron Highlands.”

As LBS continues to expand its portfolio, Centrum Iris is just the beginning of more exciting projects to come. These future developments promise to bring additional value to residents, offering innovative facilities and unique features that blend modern comforts with the natural beauty of the highlands. LBS is excited to kick off 2025 with a pipeline of new projects, all aligned with our vision of providing homes that meet the evolving needs of people,” added Tan Sri.

For those seeking a premier address in Cameron Highlands, Centrum Iris presents a rare opportunity to experience elevated living in a prime location. For more information, call 1700 81 8778 or visit www.cameroncentrum.com.my. Alternatively, you may drop by our sales gallery at C-2-48, Presint 1, Cameron Centrum, 39100 Brinchang, Cameron Highlands, Pahang. We are open daily from 10:00 AM to 6:00 PM.

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1 The GreenRE Silver Award is a rating given to projects that meet the GreenRE guidelines for green building excellence.

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