LBS Bina inks MoU with Oriental Holdings for Melaka mixed-used industrial development

• “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,” stated LBS Bina.

MELAKA (May 15): LBS Bina Group Bhd has entered into a Memorandum of Understanding with Oriental Holdings Bhd to collaborating on a mixed-use industrial development project here, with an estimated gross development value exceeding RM7 billion.

The MoU outlines a proposed integrated mixed-use industrial development project 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,” stated LBS Bina in a media release.

The primary focus of the 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,” added LBS Bina

The company revealed that 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 finalised in subsequent Definitive Agreements through mutual agreement of all parties.”

“Once the alignment of the WCE is finalised, 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.”

“This MOU marks a significant milestone as we expand into the southern region, reinforcing our commitment to regional development and people-centric communities,” said group executive chairman of LBS, Tan Sri Lim Hock San.

“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,” Lim added.

The event was witnessed by the chief minister of Melaka, Datuk Seri Utama Ab Rauf Yusoh.

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