News about LBS Bina

The project is set within a 1,000-acre lake environment and features modern lakeside living.

The sale covers one leasehold parcel (expiring in 2099) and one freehold parcel, both currently vacant.

LBS Bina said the JV offers a strategic opportunity to expand its commercial portfolio, leverage state-endorsed infrastructure investments, and tap into the long-term demand for industrial space.

The development, to be executed over 14 years in phases, will comprise 2,922 residential units, including a mix of low- and mid-rise condominiums and landed homes.

The solar farm project is expected to generate approximately 53,000 MWh of clean energy annually, effectively offsetting about 35,000 tonnes of carbon emissions.

“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.

The property developer had previously paid a special dividend of 2.

The contract is deemed a related-party transaction as Casa Inspirasi is an indirect subsidiary of LBS Bina, while LBS Bina's group executive chairman and largest shareholder Tan Sri Lim Hock San is also MGB’s group executive chairman.

As of Nov 28, the group had registered total property sales of RM1.

The facility aims to produce 10GW of energy, generating over 250,000 tonnes of green hydrogen annually, LBS Bina said in a statement.