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Thursday, March 11, 2010

LBS Bina plans more launches

KUALA LANGAT: LBS Bina Group Bhd is set to launch more new projects this year, prompted by the pickup signs from the property market and better gross domestic product (GDP) growth prediction by the Government, said managing director Datuk Lim Hock San.

Datuk Lim Hock San

“In view of such good sentiments, we plan to launch more new projects at Bandar Saujana Putra, Puchong, Batu Pahat and Cameron Highlands.

“We will, however, focus mostly on integrated township Bandar Saujana Putra,” he told reporters yesterday after the launch of the 88-unit first phase of Ivory Residences at Bandar Saujana Putra here.

The group would continue to build more affordable houses without compromising the quality of the products, Lim said.

“This is what we are doing at Bandar Saujana Putra, offering buyers affordable homes such as link-houses or semi-detached units,” he said.

Ivory Residences comprises 376 semi-detached cluster link units with built-up of 1,722 sq ft and priced from RM339,900 to RM426,100. Bumiputra purchasers are offered a 7% discount.

Lim said Ivory Residences would be developed in three phases with the first phase scheduled for completion in two years or earlier.

He also said the group had extended its special housing package called “LBS Hassle Free Home Ownership” to the purchasers.

The scheme allows the buyers to pay a 10% deposit upon signing of the sales and purchase agreement and the balance of 90% would be financed by financial institutions for qualified purchasers where the loan interest incurred during construction would be borne by the developer.

Furthermore, Lim said purchasers of Ivory Residences would be given 5% rebate.

Spanning over 835 acres, Bandar Saujana Putra is located along the Elite highway and in the hub of the Southern Corridor of Selangor.

To date, more than 4,800 residential and commercial properties with a total gross development value of RM500mil have been completed and delivered to purchasers.

By The Star

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