Bursa Malaysia Main Board property developer, LBS Bina Group Berhad has through its wholly-owned subsidiary, LBS Bina Holdings Sdn Bhd entered into a Project Management Agreement with Astana Modal (M) Sdn Bhd for the development of housing and commercial project on a piece of 175-acre land in Puchong, Selangor.
The signing of this Project Management Agreement today has increased its existing land bank to about 2,700 acres located in Klang Valley, Perak, Cameron Highlands, Johor and Zhuhai China.This project is strategically located in Puchong, one of Klang Valley’s most vibrant and established township. This superb development will be well connected via LDP and it also accessible from ELITE Expressway linked by the Approved Cloverleaf Interchange-Putrajaya in near future. This interchange, which is developed by PKNS and targetted to be completed in year 2009, will be interlinking with most integrated townships like Puchong, Seri Kembangan, Putrajaya, Cyberjaya and KLIA.
The development land is a piece of huge island-featured land with major part of the land surrounded by water with only a small portion of the land in the north connecting to the mainland. This island feature makes the land a perfect design for a truly unique island resort living with scenic natural panoramic view of the surrounding lake and the mainland green ranges.
This project comprises about 1,100 units of mixed development with bungalows, semi-detached houses, superlink houses, luxury condominium and commercial units with design featuring a distinctive lifestyle in Malaysia with the combination of city colours festival and islander holiday retreat livings.
The Managing Director of LBS, Dato’ Lim Hock San said, “We believe that this development with unique island feature will create a new landmark in Puchong. Green elements will also be incorporated into the development, consistent with our philosophy to improve the operational performance of our project while delivering environmental sustainability.
”Key design concepts for this development would emphasis on waterfront residences, gated and guarded community, family orieted club house and neighbourhood, venues for festivals and city activities.
Spread over a development period of 5 years, this project has an estimated GDV of about RM1.0 billion.
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