Tuesday, January 3, 2012

#Flash* LBS Bina targets RM1 bln annual property sales target

KUALA LUMPUR (Jan 3): LBS BINA GROUP BHD [] is targeting RM1 billion annual'' property sales target in the near term as the company focuses on the various segments of the residential market apart from commercial and industrial PROPERTIES [].

Managing director Datuk Lim Hock San said on Tuesday that LBS was expected to achieve property sales of RM800 million and RM950 million in the financial years ending Dec 2012 and 2013 respectively.

"As such, we are confident" Lim told reporters after the EGM.

He also indicated that LBS might venture into Sabah and Sarawak, but this would hinge on the feasibility of the property development projects.

Lim said the firm had been approached to undertake projects in Sabah. He declined to elaborate.

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