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Cameron Highlands projects to contribute 30% to LBS’ revenue

CAMERON HIGHLANDS: LBS Bina Group Bhd expects its property development projects here to contribute 30% to its revenue by 2017, up from the current 5% to 10%.

The group’s current and future developments in the Pahang hilltop tourism spot over the next 10 years have a gross development value (GDV) of RM5 billion, said managing director Datuk Seri Lim Hock San.

That, he said, will comprise 26% of the group’s overall GDV.

“We are currently the largest developer in Cameron Highlands and committed to the longer term development here,” Lim told reporters at the launch of the group’s first sales gallery here yesterday.

The property developer, which moved into Cameron Highlands in 1998 and currently has a landbank of 89.2ha there, is set to inject leisure and entertainment elements into future developments to spice up the overall appeal.

The upcoming Cameron Centrum project involves six precincts with a GDV of RM2.7 billion.

While details are yet to be finalised, there will be components such as shopping malls with a boulevard, retail outlets, condominiums, bungalows and landed properties, according to Lim.


This article first appeared in The Edge Financial Daily, on April 16, 2014.

 

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