ID :
132764
Tue, 07/13/2010 - 17:38
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Shortlink :
https://oananews.org//node/132764
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LBS TO LAUNCH CHINA MIXED-RESIDENTIAL PROJECT IN 2011
PETALING JAYA (Malaysia), July 13 (Bernama) -- Property developer, LBS Bina
Group Bhd plans to launch its mixed residential project with a gross development
value of RM5 billion (US$1.56 billion) in Zhuhai, a city neighbouring Macau in
China, next year.
It is a joint venture project with a local government linked company, in
which LBS has 60 per cent stake, its managing director, Lim Hock San said.
"Currently we are waiting for the masterplan for the project to be ready,"
he said after a signing ceremony here, Tuesday.
The land area for the project is 77 hectares.
The project, which was delayed due to work on a light rail transit work, is
expected have a good take up, he added. -- BERNAMA
Group Bhd plans to launch its mixed residential project with a gross development
value of RM5 billion (US$1.56 billion) in Zhuhai, a city neighbouring Macau in
China, next year.
It is a joint venture project with a local government linked company, in
which LBS has 60 per cent stake, its managing director, Lim Hock San said.
"Currently we are waiting for the masterplan for the project to be ready,"
he said after a signing ceremony here, Tuesday.
The land area for the project is 77 hectares.
The project, which was delayed due to work on a light rail transit work, is
expected have a good take up, he added. -- BERNAMA
