LBS Bina still positive on China joint venture

KUALA LUMPUR (May 31): LBS Bina Group Bhd has said it is still positive on its joint venture with China's local investment arm Zhuhai Jiuzhou Group Holdings Ltd, as the company expects to obtain planning and layout approvals for the project within the next few months.

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Strong demand remains for properties

Property sector Maintain neutral: Although the value of residential loans approved, an indicator of property sales, fell 15% in 2016, four out of the seven developers in our coverage managed to grow their property sales by 3% to 77% in 2016.

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Developers’ duty to build affordable units in Selangor soon

KUALA LUMPUR (Sept 1): Property developers will be required to build affordable units for serviced apartment, small office/home office (Soho) and small office/virtual office (Sovo) projects in Selangor under the state’s new blueprint for housing development, which is expected to be unveiled soon.

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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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