LBS has landbank with RM33bil GDV
KUALA LUMPUR: LBS Bina Group Bhd says it owns future landbank with gross development value (GDV) of RM33 billion as at May 31 this year.
This will likely keep the company busy for 10 to 15 years, LBS group managing director Tan Sri Lim Hock San said.
Lim added that with a total unbilled sales of RM1.8 billion as at May 29, this provided strong earnings' visibility for the company.
"LBS's undeveloped land bank now totalled at 3,610 acres are strategically located in the Klang Valley, Pahang, Perak, Johor and Sabah. It has a collective future GDV of RM33 billion. We will continue to look at attractive land-banking acquisitions as and when opportunities arise," he said in a statement.
Monday, 6 July 2020
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