LBS Bina Group Bhd is looking for new development projects in Pahang and other states that will help alleviate the local community's connectivity concerns, according to its executive chairman, Tan Sri Lim Hock San.
"Like our carefully planned venture into the Genting Highland region, we are constantly on the lookout for other development projects if the right opportunity presents itself. We look to develop viable projects which will ease the connectivity concerns of the local community," Lim said.
He said that 'affordability, connectivity, and community will be at the forefront of everything the company plans to do as it expands within the property development landscape.
LBS plans to build an RM9 billion mixed development on more than 300 acres of land in Genting Permai, Bentong, consisting of serviced apartments, double-storey terrace houses, townhouses, and bungalows.
It has signed a development agreement with the Pahang State Secretary Corp through its subsidiary Casa Inspirasi Sdn Bhd for the land near Genting Premium Outlet, Awana Genting Golf Course, and Gohtong Jaya.
According to Lim, these corporate exercises provide an excellent opportunity for the company to broaden its property development and construction expertise, further strengthening its position in the residential development segment.
He is optimistic about Genting Highlands' future development, stating that it has "great potential" due to its strategic location and popularity among tourists.
The Genting Highlands development project, according to Lim, represents LBS' ongoing effort to grow and expand its business activities.
Lim said in a statement recently that the project comes on the heels of the successful launch of the company's Midhills serviced apartment project in 2014.
Midhills was built over three blocks, with all 610 units fully sold, and features wellness-inspired facilities and a verdant forest backdrop.
LBS also opened its flagship 10-story SCAPES Hotel, which has 176 rooms, in February 2021. Since its inception, the hotel has attracted a large number of domestic tourists, as evidenced by its high hotel occupancy rate.