LBS Bina Group Berhad through its subsidiary Casa Inspirasi Sdn Bhd has entered into an agreement with the Pahang State Secretary Corporation to develop a 300 acre land at Genting Permai, Bentong, Pahang into a mixed development estate.
The parties executed the agreement with LBS and Casa Inspirasi Executive Director, Dato’ Sri Lim Hock Sing signing while the Pahang State Secretary Corporation was represented by Dato’ Sri Dr. Sallehuddin Bin Ishak, and witnessed by Deputy State Secretary of Pahang (Development), Dato’ Razihan bin Adzharuddin, the Pahang State Chief Minister was also present.
Located strategically within notable landmarks such as Genting Highlands, Genting Premium Outlet, Awana Genting Golf Course and Gohtong Jaya, LBS plans to develop the land into a thriving mixed development comprising serviced apartments, double-storey terrace houses, townhouses, bungalows with nearby amenities of schools and hospitals. The group estimates the gross development value to be more than RM9 billion.
LBS’ project in Genting Highlands follows on from the successful launch of its Midhills serviced apartment in 2014. With wellness-inspired facilities and a verdant forest backdrop at its forefront, Midhills was built across three blocks, with all 610 units fully sold.
The developer, also launched its flagship SCAPES Hotel, a 10-storey hotel comprising 176 rooms which have attracted tourists near and far alike as evidenced by its promising hotel occupancy rate.
Executive Chairman Tan Sri Lim Hock San commented after the agreement signing said, “These corporate exercises provide us with an excellent opportunity to expand our property development and construction expertise, further strengthening our footing in the residential development segment. The development project in Genting Highlands marks our continuous effort to grow and expand our business activities. With its strategic location and a fervent tourist hotspot with high visitor traffic, we are optimistic about our future Genting Highlands development which has great potential.
Like our carefully planned venture into the Genting region, we are constantly on the lookout to other development projects in other states if the right opportunity presents itself. We look to develop viable projects which will ease the connectivity concerns of the local community.
