LBS Bina plans RM2b property project in Johor Bahru (update)

KUALA LUMPUR: LBS Bina Group Bhd plans to undertake a mixed property project in Johor Bahru with a gross development value of RM2bil following the purchase of 4.32 acres of leasehold land from the Employees Provident Fund (EPF) for RM71.82mil.

LBS Bina said on Friday the project would comprise of 2,700 units of residential and commercial properties with an estimated GDV of RM2bil spread over eight years.  The units would comprise of retails units, hotel suites, small office home office units and service apartments.