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DNR: Developer to offer more affordable homes

Thursday, October 18, 2012

Realising dreams: (From left) LBS executive director Datuk Daniel Lim Hock Sing, Hock San and management members Datuk Joey Lim Hock Guan and Datuk Barry Lim Hock Seong posing together after launching the Cameron Golden Hills project
Property developer, LBS Bina Group Berhad (LBS) has committed to building 6,000 affordable housing units nationwide in the next two years and will focus on high-rise residential units. This is in line with ongoing efforts and direction by the Malaysian Government who hope that everyone is given the chance to own their home. Its managing director Datuk Lim Hock San said the company would launch more affordable homes in the Klang Valley, Cameron Highlands, Ipoh and Batu Pahat.

LBS launched its newest residential development named Somerset Holiday Apartments located in Cameron Highlands, Pahang, yesterday. “The five-storey shop apartment also marked the unveiling of LBS' latest nature-inspired township known as Cameron Golden Hills which is situated between Brinchang and Tanah Rata. “In conjunction with the launch, the apartment buyers will receive 8% rebate for their unit and early birds will also get free legal fees on their loan agreement,” said Lim.

Lim said Cameron Highlands was chosen for this latest development as it is a favourite holiday spot for local and foreign tourists. The first two blocks of Somerset Holiday Apartments namely Somerset I and Somerset II contain 92 and 64 apartment units respectively. Both blocks in the Somerset Square area have built-up areas of between 883sq ft and 1389sq ft with 3 bedrooms and 2 bathrooms. Inspired by Tudor features, the units are priced from RM385,800. Both of the Somerset I and Somerset II apartments are estimated to be completed in the year 2015. 

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Alecia Tan, EzineArticles Platinum Author