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PETALING JAYA: LBS Bina Group will be maintaining its RM1.5bil sales target, despite the cautious market sentiment and a slower global economic growth in 2019.
Recording RM1.5bil of sales last year, an increase from the RM1.4bil of sales in 2017, LBS is facing the fourth consecutive year of improved results with a strong 25% compounded annual growth rate (CAGR) from 2014 to 2018.
“LBS has once again achieved positive growth despite a challenging market environment. Achieving improved results over four consecutive years validates the strategy that we have adopted,” said LBS Bina Bhd group managing director Tan Sri Lim Hock San during the LBS
Bina Group Bhd 2019 Outlook Briefing recently.
“We have a good track record in providing strong product offerings which meet the needs of home buyers at the right time, and more importantly, at the right price range.
“There is still strong underlying demand for quality and affordable units. Our strategy is to focus on more affordable units within self-sustaining and matured townships equipped with good designs, amenities and easy accessibility,” said Lim.
New projects in 2019:
- Double-storey terrace houses in LBS Alam Perdana
- Residensi Bintang Bukit Jalil condominium
- Double-storey terrace houses in Bandar Putera Indah, Batu Pahat
- More than 1,000 affordable homes in Kita @ Cybersouth