LBS Bina unveils RM9.5 bil GDV Rimbawan township in Genting Highlands; Budget 2025 wishlist

Oct 16, 2024

LBS Bina unveils RM9.5 bil GDV Rimbawan township in Genting Highlands; Budget 2025 wishlist

According to the press statement issued on Tuesday, the township will offer bungalow lots, landed properties, high-rise residential units, commercial lots, 50 acres of preserved forest, 9km of jungle paths, over 6km of cycling and jogging tracks and playgrounds.
KUALA LUMPUR (Oct 16): LBS Bina Group Bhd (KL:LBS) officially launched its latest 315-acre township development named Rimbawan in Genting Highlands, Pahang on Tuesday (Oct 15). The township has a gross development value (GDV) of RM9.5 billion.
According to the press statement issued on Tuesday, the township will offer bungalow lots, landed properties, high-rise residential units, commercial lots, 50 acres of preserved forest, 9km of jungle paths, over 6km of cycling and jogging tracks and playgrounds.
The developer highlighted that Rimbawan is planned to integrate the community with the local ecosystem, by making the river and waterfalls serve as the backbone of the township to ensure the biodiversity of the local ecosystem. There will be green corridors throughout the township, creating a natural aviary skyway for birds and wildlife to move freely between the protected green reserves.
“Sustainability is at the core of LBS’s development strategy. Rimbawan township is a project that truly encapsulates LBS Bina’s commitment to building responsibly for the future,” said LBS Bina group executive chairman Tan Sri Lim Hock San in the statement.

The unveiling of the township was in conjunction with the launch of the township’s first project, Bayu Hills. The high-rise residential project has a GDV of RM453 million. It features 642 apartment units spread across a 36-storey tower. The units will come in built-ups from 500 to 1,067 sq ft with selling prices from RM501,900. There are facilities such as a sky lounge, a forest-view co-op workspace, a green terrace, a kindergarten, prayer room, games room, swimming pool and BBQ area.
Meanwhile, in a separate press release on Wednesday, the LBS announced its Budget 2025 wishlist comprising five main requests, include to bring back the Home Ownership Campaign (HOC); provide financial incentives for the adoption of the industrialised building system (IBS); introduce more comprehensive artificial intelligence (AI) training programmes and financial incentives to promote AI-driven innovations across the property sector; increased funding under the Green Technology Financing Scheme; and reduce compliance costs.
“By incorporating measures that support affordable homeownership, drive technological advancements like AI and expand green financing initiatives, we can unlock immense growth opportunities. These initiatives would not only boost the industry’s productivity but also make homeownership more accessible for Malaysians, ultimately fostering a more sustainable and resilient property market,” said Lim.
Looking to buy a home? Sign up for EdgeProp START and get exclusive rewards and vouchers for ANY home purchase in Malaysia (primary or subsale)!

Source: EdgeProp.my