“LBS Bina Group plans to launch RM8 billion worth of property projects from 2025 to 2027 under its 8 x 8 strategy, focusing on residential, industrial, and commercial developments while expanding sustainability efforts with a solar farm in Senawang.“
Kuala Lumpur, 7th Feb 2025, 11.00am – LBS Bina Group Berhad is gearing up to launch property projects worth a combined gross development value (GDV) of RM8 billion over the next three years, strengthening its position as a key player in Malaysia’s housing sector.
The company unveiled its 8 x 8 strategy, a corporate roadmap spanning 2025 to 2027, aimed at enhancing operational efficiency, expanding market reach, and integrating advanced construction technologies to meet evolving housing demands.
Strategic Growth for Sustainable Development
Group executive chairman Tan Sri Lim Hock Seng stated that the strategy would reinforce LBS’ market leadership and establish a strong foundation for sustainable growth.
“The 8 x 8 strategy is designed to elevate our development plans, optimize our land bank, and embrace innovation. We remain committed to delivering homes that enable Malaysians to achieve homeownership,” he said.
The strategy focuses on eight key areas: residential, industrial, and commercial development; land bank optimization; pursuit of excellence; employee empowerment; customer experience; sustainability progress; and community well-being.
LBS’ upcoming projects will include a mix of high-rise and landed homes across the Klang Valley, Pahang, Johor, and Perak, catering to diverse market demands.
Expanding Beyond Property Development
While property development remains its core focus, LBS is also venturing into renewable energy. The company’s 45-megawatt solar farm in Senawang, Negeri Sembilan, is set to commence operations by the end of 2025, supporting Malaysia’s clean energy transition while generating recurring income for the group.
High-Profile Chinese New Year Celebration
Lim made these announcements during LBS’ Chinese New Year luncheon, attended by dignitaries including Sultan of Pahang, Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah, and Tengku Mahkota of Pahang Tengku Hassanal Ibrahim Alam Shah. Other notable attendees included Dewan Rakyat Speaker Tan Sri Johari Abdul, Agriculture and Food Security Minister Datuk Seri Mohamad Sabu, Digital Minister Gobind Singh Deo, and Melaka Chief Minister Datuk Seri Ab Rauf Yusoh.
The event, held in Kuala Lumpur, welcomed over 1,000 guests, including shareholders, business partners, and media representatives.
A Vision for the Future
Lim reaffirmed LBS’ strong relationship with the Sultan of Pahang and highlighted the company’s track record of delivering high-quality developments, recognized through numerous accolades.
“As we celebrate this festive occasion, we also look ahead with optimism. The 8 x 8 strategy is our roadmap to solidifying LBS as a leader in the housing industry while remaining true to our mission of providing high-quality, accessible homes,” he said.
Lim concluded by expressing gratitude to the LBS team for their dedication, emphasizing that the company’s ongoing success is built on a foundation of teamwork, innovation, and commitment to excellence.
