LBS Bina expects sales cancellation rate of 30% this year

KUALA LUMPUR (May 4): Property developer LBS Bina Group Bhd expects 30% of its overall project sales to be cancelled this year — the same ratio it saw last year — due mostly to buyers failing to obtain loans following cooling measures for the property market that were introduced by the central bank.

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Design news from around the world

Sunlight to street lights By the end of this year, the streets in the western region of France will welcome a fascinating new resident – solar-powered street furniture by French designer Mathieu Lehanneur.

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Mapex 2016 targets bookings for RM500m worth of properties

KUALA LUMPUR (April 15): Real Estate and Housing Developers’ Association (Rehda) Malaysia president Datuk Seri Fateh Iskandar Mohamed Mansor (pictured, below) aims to achieve bookings for properties worth RM500 million in the three-day real estate exhibition event Mapex 2016.

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