” The upcoming Cameron Centrum will be a project involving six precincts with a GDV of RM2.7bil. While details are yet to be finalised, there will be components such as shopping malls with a boulevard, retail outlets, condos, bungalows and landed properties, according to Lim.”
LBS Bina expects Cameron projects to contribute 30% to revenue by 2017
CAMERON HIGHLANDS: LBS Bina Group Bhd expects its property development projects in Cameron Highlands to contribute 30% to total revenue by 2017, up from the current 5%-10%.
The group’s current and future developments in the Pahang hilltop tourism spot over the next 10 years have a gross development value (GDV) of RM5bil, said managing director Datuk Seri Lim Hock San.
That, he added, will comprise 26% of the group’s overall GDV.
“We are currently the largest developer in Cameron Highlands and committed to the longer-term development here,” Lim said.
The developer, which moved into Cameron Highlands in 1998 and currently has a land bank of 223 acres (89.2 hectares) there, is set to inject leisure and entertainment elements to future developments to spice up the overall appeal.
The upcoming Cameron Centrum will be a project involving six precincts with a GDV of RM2.7bil.
While details are yet to be finalised, there will be components such as shopping malls with a boulevard, retail outlets, condos, bungalows and landed properties, according to Lim.
He told reporters this here today during the launch of the groups first sales gallery.
Located in Brinchang, the gallery is to cope with its expansion in the hilltop tourist destination.
LBS today also launched its premium Barrington Homes project, which has 50 units of three-storey semi-detached homes, with the selling price starting from RM1.7mil.
For the first three months of 2014, LBS raked in RM50mil revenue from its Cameron Highlands projects.
It has targeted RM1bil in total sales this year, with RM300mil to be generated by the Cameron Highlands developments.
