KUALA LUMPUR: LBS BINA GROUP BHD will unveil its new reward programme “LBS Bonus Kaw Kaw” at the Home Ownership Campaign 2019 (HOC 2019) Expo which will be held from Friday to Sunday.
The township developer announced on Thursday the prospective buyers can enjoy special deals and attractive perks including incentives up to RM188,000, an extra 2% rebate for repeat buyers, and a 1% referral incentive for every house purchased.
LBS Group said it would showcase diverse offerings at the expo which will be held at the Kuala Lumpur Convention Centre (KLCC) from 10am to 8pm.
LBS Group managing director Tan Sri Lim Hock San said the company was committed to support the Government’s home ownership drive.
“At LBS, we pride ourselves in being ‘the people’s developer’. Our developments continue to enjoy warm response from homebuyers as they meet three most important criteria – affordability, connectivity and community.
“LBS’ value proposition lies in innovative products, timely delivery, quality designs, strategic locations and more importantly, at the right price structure,” he said.
According to the company buyers will enjoy a minimum of 10% price discount as well as stamp duty waiver on memorandum of transfer and loan agreements for properties that meet the exemption criteria.
Prospective homebuyers will have a wide selection of LBS’ property projects which are I the Klang Valley.
The key properties to be showcased include residential houses at LBS Alam Perdana in Bandar Puncak Alam; Kita @ Cybersouth in Dengkil; Desiran Bayu and D’ Island Residence in Puchong.
LBS’ flagship Residensi Bintang Bukit Jalil in Bukit Jalil
Additionally, high-rise developments including LBS’ flagship Residensi Bintang Bukit Jalil in Bukit Jalil; BSP 21, BSP Skypark in Bandar Saujana Putra; LBS Skylake Residence in Puchong and Zenopy Residences in Seri Kembangan, will also be featured.
To date, LBS has delivered over 35,000 quality properties and achieved RM1.53 billion sales last year, recording its fourth consecutive year of growth.
Meanwhile, the company announced to Bursa Malaysia that for the financial year ended Dec 31, 2018, it posted net profit of RM85.11mil compared with RM100.73mil in FY17. Revenue in FY18 dipped to RM1.12bil from RM1.34bil.
In the fourth quarter ended Dec 31, 2018, it posted net profit of RM17.11mil compared with RM32.26mil a year ago.
Its revenue declined to RM166.83mil from RM415.68mil. Its earnings per share were 0.73 sen compared with 2.20 sen.