Latest news with #CentrumIris
New Straits Times
08-08-2025
- Business
- New Straits Times
LBS Bina unveils campaign for Centrum Iris buyers
KUALA LUMPUR: LBS Bina Group Berhad has unveiled "A Celebration of 100 Years @ Cameron Highlands" campaign, presenting added investment value for Centrum Iris purchasers. Launched in conjunction with the centennial celebration of Cameron Highlands, the campaign is aimed to reward homebuyers and honor the highland's legacy, while celebrating the continued success of Centrum Iris, the latest phase of LBS's signature Cameron Centrum township. Running from Aug 1 to Dec 31, 2025, the campaign invites eligible Centrum Iris purchasers to take part in an exciting lucky draw, offering prizes worth a total of RM100,000. Among the rewards are a 7-day holiday to the United Kingdom for two, highland staycations, electrical appliances, shopping vouchers, and other attractive goodies. A total of 35 lucky winners will be selected and announced in February 2026. With a gross development value (GDV) of RM472 million, Centrum Iris stands as the largest mixed commercial development in Cameron Highlands. Featuring classic English architecture, modern amenities, and sustainable elements, it builds on the success of Precinct 1, which has achieved 100 per cent occupancy since 2021. This new phase offers 705 residential and 26 commercial units. To offer greater accessibility and a hassle-free experience for potential buyers in the Klang Valley, LBS has established a Satellite Sales Gallery in Petaling Jaya, featuring detailed scale models, layout previews, and personalised consultations with LBS sales representatives—offering a preview of what awaits at Centrum Iris in Cameron Highlands. Notably, Centrum Iris is the first GreenRE Silver-certified project in the region, promoting eco-conscious living through features like EV charging bays, rooftop cafés, and 47 lifestyle facilities. Strategically located in Brinchang's tourism and commercial hub, it offers a high-value, well-connected highland experience. Tan Sri Dr. Lim Hock San, group executive chairman of LBS said, "Centrum Iris is more than just a development. It is a bold statement of LBS's commitment to reimagining lifestyle destinations across Malaysia. In line with our 8 x 8 strategic vision, this satellite sales gallery brings the highlands closer to the city, bridging distance with opportunity. We aim to make homeownership easier, smarter, and more rewarding for all Malaysians, while continuing to expand our footprint in key growth corridors nationwide." "We are proud to be part of the 100 Years of Cameron Highlands celebration. This campaign is a meaningful extension of that milestone, honoring the legacy of the highlands while rewarding our valued homebuyers."
The Star
23-06-2025
- Business
- The Star
A HUB FOR INTEGRATED LIVING
(From left): Cynthia, Daniel and Lucas mark the grand launch of Centrum Iris with a traditional lion dance performance – symbolising prosperity, good fortune and an auspicious beginning for the new development in Cameron Highlands. LBS supports eco-friendly living with Centrum Iris CAMERON HIGHLANDS: LBS Bina Group Bhd has unveiled Centrum Iris, the second precinct of its signature Cameron Centrum township. With a Gross Development Value (GDV) of RM472mil, Centrum Iris is officially the largest mixed commercial development in Cameron Highlands, setting a new benchmark for integrated highland living in Malaysia. Centrum Iris, the second phase of the Cameron Centrum township, marks a significant milestone in LBS' vision to redefine highland living. It builds upon the success of Precinct 1 — Cameron Highlands' largest mixed-use development, completed in 2021 — which features 58 shop-office units ranging from two to five storeys and is now 95% occupied by well-known brands in the food and beverage, banking, healthcare and daily essentials sectors. The thriving commercial ecosystem in Precinct 1 has laid a solid foundation for Centrum Iris, offering a ready catchment of lifestyle convenience and investment appeal. Centrum Iris stands out as the first development in Cameron Highlands to receive the Silver GreenRE Certification reflecting LBS' ongoing commitment to sustainability and environmentally responsible development. Designed to promote green living, the project includes electric vehicle (EV) charging bays, 47 lifestyle-focused facilities and a rooftop cafe and restaurant with panoramic highland views, strategically planned to foster a greener and healthier lifestyle. Strategically located in the heart of Brinchang's bustling commercial district, Centrum Iris offers 705 residential units — ranging from 595 sq ft to 1,370 sq ft and priced from RM476,000 — as well as 26 commercial units ranging from 615 sq ft to 2,944 sq ft, starting from RM676,000. The development seamlessly blends modern architecture with English-inspired aesthetics, creating a distinctive and elevated lifestyle destination in the highlands that caters to both homeowners and investors. Daniel (fourth from right) and the team at the Memorandum of Understanding (MOU) signing ceremony with MyKey International and Dreamscape Hospitality Group, held in conjunction with the grand launch of Centrum Iris in Cameron Highlands. A key highlight of the grand launch event was the signing of a Memorandum of Understanding (MOU) with short-term rental platform operators MyKey International and Dreamscape Hospitality Group. The initiative is set to drive hassle-free returns for LBS purchasers and homeowners. 'Our collaboration with MyKey and Dreamscape enables us to expand Centrum Iris' appeal beyond traditional homeownership, tapping into the short-term rental market in Malaysia's tourism hotspots,' said LBS executive director Datuk Seri Daniel Lim, who officiated the grand opening event. Also present during the event were LBS executive director Datuk Cynthia Lim and deputy chief executive officer Lucas Lim. Centrum Iris has already achieved strong booking rates to date, reflecting growing market confidence in its investment potential. Its central location in Brinchang — a hub for tourism and commerce — positions the development as a prime choice for buyers seeking long-term value and year-round highland appeal. Visitors are welcome to the Centrum Iris Sales Gallery, open daily from 10am to 6pm at C-2-48, Presint 1, Cameron Centrum, Brinchang, Cameron Highlands, Pahang. For added convenience, a Satellite Sales Gallery for Centrum Iris is also available on the ground floor of LBS 2 in Petaling Jaya, Selangor. For more information, contact 1700 81 8778 or visit
New Straits Times
23-06-2025
- Business
- New Straits Times
LBS launches Cameron Highlands' largest mixed commercial development
KUALA LUMPUR: LBS Bina Group Bhd has launched Centrum Iris, the largest integrated mixed commercial development in Cameron Highlands, Pahang. With a gross development value (GDV) of RM472 million, the project sets a new benchmark for highland living in Malaysia. Centrum Iris marks the second precinct of LBS' flagship Cameron Centrum township and builds upon the success of Precinct 1, which was completed in 2021. The first phase comprises 58 shop-office units ranging from two to five storeys and is now 95 per cent occupied by major brands in the F&B, banking, healthcare, and retail sectors, laying a strong foundation for Precinct 2's continued growth. The thriving commercial ecosystem in Precinct 1 has laid a solid foundation for Centrum Iris, offering a ready catchment of lifestyle convenience and investment appeal. A key milestone during the launch was the signing of MOUs with MyKey International and Dreamscape Hospitality Group, both of which are leading short-term rental platform operators. The partnership will enable LBS homeowners to tap into Malaysia's booming short-stay tourism market and generate hassle-free rental income. "Our collaboration with MyKey and Dreamscape enables us to expand Centrum Iris' appeal beyond traditional homeownership, tapping into the short-term rental market in Malaysia's tourism hotspots," said executive director of LBS, Datuk Sri Daniel Lim, who officiated the grand launching event. Also present were LBS executive director Datuk Cynthia Lim and deputy chief executive officer Lucas Lim. Strategically located in the heart of Brinchang's bustling commercial district, Centrum Iris offers 705 residential units (ranging from 595 to 1,370 sq ft, starting from RM476,000) and 26 commercial units (ranging from 615 to 2,944 sq ft, starting from RM676,000). According to LBS, the project has already recorded strong bookings, reflecting buyer confidence in its long-term value. Its central location in Brinchang, a hub for tourism and commerce, positions the development as a prime choice for buyers seeking long-term value and year-round highland appeal. Centrum Iris has earned the distinction of being Cameron Highlands' first development to receive the Silver GreenRE Certification, reflecting LBS' strong commitment to sustainable and environmentally conscious development. Its eco-friendly features include electric vehicle (EV) charging bays, 47 lifestyle-oriented facilities, and a rooftop café and restaurant designed to offer sweeping views of the highlands, promoting a greener, healthier way of living. Combining contemporary architecture with English-inspired aesthetics, Centrum Iris offers a unique and elevated lifestyle in the highlands, appealing to both homeowners and investors seeking long-term value and everyday convenience.
New Straits Times
29-05-2025
- Business
- New Straits Times
LBS posts strong FY2025 start, earnings surge on robust sales, demand
KUALA LUMPUR: LBS Bina Group Bhd has kicked off the financial year ending Dec 31, 2025 (Q1 FY2025) on a high note, supported by strong sales momentum and steady project execution. The people-first property developer reported a 15 per cent quarter-on-quarter revenue increase in Q1 FY2025 to RM329.2 million, up from RM287.1 million in the preceding quarter. This was driven by active construction progress across key developments, particularly in the Klang Valley, which contributed over 86 per cent of total revenue. Major contributors included flagship projects such as KITA @ Cybersouth, LBS Alam Perdana, Prestige Residence, and the Idaman series. The group also saw its pre-tax profit more than double to RM32.5 million from RM15.8 million in the previous quarter. Commenting on the results and outlook, executive chairman Tan Sri Dr Lim Hock San said the group recorded RM281.2 million in sales and RM256 million in bookings during the quarter. "This performance is driven by the robust demand for the state-of-the-art light and medium factories in our Alam Perdana Industrial Park, further boosted by Cameron Centrum, following the successful launch of Centrum Iris, its second precinct and largest mixed development, earlier this year," he said in a statement. Lim said that the strong uptake in both these projects reflects the strong market confidence in the developments and reinforces the group's strategy of delivering market-driven projects that cater to real demand. Guided by its 8 x 8 Strategy, LBS plans to launch projects worth RM8 billion in total gross development value (GDV) over the next three years. With 3,793 acres of land landbank and RM1.61 billion in unbilled sales, the group is well-positioned for sustainable growth. "This, combined with our sizeable 3,793 acres of land landbank and RM1.61 billion in unbilled sales, means we are well positioned for sustainable growth, providing clear visibility of our future revenue and earnings. "Moreover, we are exploring opportunities to expand our presence in Melaka with our recent MOU (memorandum of understanding) to develop a mixed-use industrial development project with an estimated GDV exceeding RM7 billion," Lim said. "We are excited about the potential growth opportunities and looking ahead, we maintain a cautiously optimistic outlook and will continue to respond with agility to evolving market demands while building on our strengths to drive sustainable growth," he said. The board has proposed a final single-tier dividend of 1.10 sen per share in respect of the financial year ended Dec 31, 2024, subject to shareholder approval at the upcoming 25th AGM on June 26, 2025. Upon approval, the total dividend payout for 2024, including a first interim single-tier dividend of 1.00 sen per ordinary share and a special single-tier dividend of 2.60 sen per ordinary share, is 4.70 sen per ordinary share or RM73.2 million in total. This represents a 30 per cent payout ratio, in line with the group's dividend policy.
The Star
28-04-2025
- Business
- The Star
LBS Bina's ‘Makan Angin Lokal' campaign clocks RM537mil in bookings
LBS executive director Cynthia Lim (eighth from left) presenting mock cheques to the grand prize winners of the 'Makan Angin Lokal with LBS' campaign. LBS Bina Group Bhd, a leading property developer guided by people-first values, announced the outstanding success of its 'Makan Angin Lokal with LBS' campaign. This initiative was specially crafted to reward purchasers who successfully executed their sale and purchase agreements, loan agreements and fulfilled all stipulated terms and conditions under the campaign. Held from Oct 1 to Dec 31 2024, the campaign generated an impressive RM537mil in total bookings, mainly contributed by projects located at areas such as Selangor (Cybersouth, Seri Kembangan, Puchong) and Johor (Molek) where demand were primarily driven by first-time home buyers. This achievement stands as a strong testament to LBS's enduring appeal and commitment to delivering value-driven developments. A total of 19 projects across Malaysia including key developments such as KITA @ Cybersouth, D'Island Residence, Prestige Residence, Centrum Iris, Bayu Hills and more, participated in the campaign, further reflecting LBS's nationwide presence and strong market engagement. As part of the campaign, LBS celebrated the grand prize winners, who walked away with hotel vouchers worth up to RM250,000 in total. These exclusive vouchers are redeemable at top-rated hotels in Selangor, Kuala Lumpur, Pahang, Penang and Johor – offering winners a perfect opportunity for a well-deserved local getaway. The campaign's grand finale took place during the lively Raya KITA Fest, held at the LBS Discovery Gallery KITA @ Cybersouth. The highlight of the event was the official prize presentation ceremony, where LBS executive director Datuk Cynthia Lim handed over mock cheques to the lucky winners. 'This campaign is our way of expressing heartfelt appreciation to our customers while spreading joy and excitement throughout the LBS community. 'As a developer deeply rooted in community values, we take great pride in bringing festive cheer to our customers and the broader LBS family. 'This initiative also aligns with our three-year '8 x 8 Strategy', particularly our focus on delivering an exceptional customer experience – ensuring that every interaction is personalised, seamless and meaningful,' said Lim. In support of the Malaysian government's efforts to promote domestic tourism, LBS contributes by offering hotel stays at premier destinations. 'We hope these rewards inspire homeowners to explore the richness of Malaysia's heritage while serving as a token of our appreciation for their trust and support,' she added. The event attracted over 200 guests, including LBS Perks and Plusses partners, campaign winners, potential buyers and the local community. Guests celebrated Hari Raya in a festive atmosphere filled with joy, unity and music — highlighted by a free concert featuring local artists who were brought in by LBS, such as Naim Daniel, Iman Troye and Zarul Umbrella. It was a true reflection of the group's commitment to creating memorable experiences for the public. Adding further value to the celebration, LBS's partners – EON, Watsons, HWC Coffee and Coway, also participated in the event with engaging booths and interactive activities that elevated the overall experience for attendees. For more updates and upcoming offers, visit:
