LBS Bina sticks to affordable, middle-range homes

KUALA LUMPUR: Property developer LBS Bina Group Bhd will continue to focus on the affordable and middle-range residential market this year and in 2015, said managing director Datuk Seri Lim Hock San.

“There is a growing demand from home-occupied buyers and LBS Bina will continue to support the government’s efforts to provide more options for the middle income bracket,” he said in a statement yesterday.

Lim said although the group has expanded into the high-end property sector with its flagship D’Island Residence in Puchong, Selangor, it continues to build affordable homes in the country.

LBS Bina was named “Best Company for Leadership of Property Development” at the 2014 International Alternative Investment Review (IAIR) Awards in Hong Kong recently.

“We take pride in receiving the acclaimed 2014 Best Company for Leadership in the Property Development category for Malaysia. Our aim is to be an internationally recognised developer and we regard this award as a testament from the market that we are on the right track,” said Lim.

He attributed the group’s success to its value proposition in “building inspiring lifestyle spaces that enhance community living”.

“We are not merely building homes, we are building communities,” said Lim.

The IAIR Awards recognise Asian companies based on eight judging criteria. They are sustainability, business results, leaderships in the field, strategic development, high quality of service, innovation in the field, education and green initiatives.

Award recipients were selected by over 50,000 IAIR readers, international teams of journalists and industry leaders through independent nomination questionnaires.


This article first appeared in The Edge Financial Daily, on March 07, 2014.