LBS Bina bullish on meeting sales target

Property developer, LBS Bina Group Bhd, is confident of achieving RM800 million sales target despite tough market

conditions.



In a statement today, managing director, Datuk Lim Hock San, said
2012 was expected to be a challenging yet confident year for LBS.



He said My First Home Scheme and other government initiatives would contribute 20 per cent to the group's total revenue.



"Currently, LBS Bina has a land bank of some 920 hectares with an
estimated gross development value (GDV) of RM9.1 billion, that will keep
it busy for the next few years," he said.







Lim said LBS Bina would be launching 13 projects comprising 2,085
units with a GDV of RM1.5 billion together with some 19 ongoing projects
with a GDV of RM562 million.



He expected landed property for both affordable homes and high-end
homes would be the highlight next year amid scarcity of land in urban
areas.



"At the same time, property prices would continue increasing but at a
lower rate compared to this year, especially in a 'central' location,"
he said. -- Bernama

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