Wholesome, Sustainable and Purposefully-built Developments Redefine Industry Benchmarks at 2018 FIABCI Malaysia Property Award™
Petaling Jaya, 19 November 2018 – Taking on a unique stance in property development, LBS Bina Group Berhad, Group Managing Director, Tan Sri Lim Hock San, asserts, “As we succeed and grow, we should give back and leave a legacy of betterment for community and country.” Guided by this perspective, the township developer continues to chart sustainable growth in a challenging market with a vibrant portfolio and equally active involvement in social works, resulting in the FIABCI Malaysia Property Award™ conferring the prestigious ‘Property Man’ award to LBS’ Tan Sri Lim.
Nurturing a legacy of betterment for community and country. (fourth from left) LBS Bina Group Berhad, Group Managing Director, Tan Sri Lim Hock San, receives the prestigious FIABCI Malaysia Property Award™ ‘Property Man’ award from (third from left) Yang Amat Mulia Tunku Besar Seri Menanti Tunku Ali Redhauddin Ibni Tuanku Muhriz. With them are (from left) FIABCI international Real Estate Federation World President, Assen Makedonov; FIABCI Malaysia President, Michael Geh; and Malayan Banking Bhd Head of Consumer Finance, Mohd Zaini Aris.
“The FIABCI Malaysia Chapter is held in high regard within the property sphere. To be recognised on this stage is truly an honour, and I am humbled. My sincere thanks – to the esteemed members of FIABCI. I believe this award does not reflect on a single person alone, but the dedication of an entire team. LBS was founded by my father in the 1960s, and I am grateful for our humble beginnings, his guidance and our strong family roots. It has enabled me to carry on his legacy and lead LBS to new heights as an award-winning township developer and most importantly, a responsible corporate citizen. Our vision is to continue transforming lives and evolving landscapes through our innovative developments and community outreach efforts,” said Tan Sri Lim.
Tan Sri Lim Hock San has always been a supporter of the national agenda to help all Malaysians own homes. Over 25 years since its foray into the property development scene, LBS has established a respected reputation as a reliable and resilient property player and corporate citizen. Powered by more than 700 employees, LBS has garnered over 69 awards and accolades across property, business, digital media and social platforms. Aligned to the national agenda of housing the nation, the Group has built over 34,000 units of affordable homes todate. Displaying consistent growth amidst challenging market sentiments, LBS has recorded approximately RM1.681 billion in unbilled sales as at 31 October 2018, which puts the Group on track to achieve its targets for the year.
LBS has since built a solid portfolio of developments in key urban areas including the Klang Valley, Pahang and Johor. The Group is optimistic about growing its portfolio supported by a current landbank of 3,918 acres as at 15 November 2018. Making a bold move to diversify the business to remain relevant, Tan Sri Lim’s vision has expanded beyond property development and into hospitality, retail, and tourism. In addition to spearheading LBS, Tan Sri Lim is notably passionate and concerned with the development of young entrepreneurs and the business fraternity, communities in need, as well as Malaysia’s bi-lateral ties with China. His merit and passion resonated on the global stage when Tan Sri Lim had the distinction of being the sole representative from Malaysia, among the 38 non-voting Chinese delegates from 30 countries around the world to attend and put forth proposals at the landmark Lianghui annual event in China. The event is closely followed by global markets for future direction on the world’s number two economy.
Beyond being a builder of homes, Tan Sri Lim envisions LBS to continue being a generous builder of the community, the nation and a better future for all generations in Malaysia. Tan Sri Lim put in concrete measures to achieve this through the formation of the LBS Foundation. Guided by four key pillars, namely education, community, health and the environment, the social outreach arm of the Group actively undertakes initiatives and partnerships dedicated to improving the wellbeing of communities. The trait of balancing professional responsibilities with lending his time and expertise for the development of communities earned Tan Sri the ‘Property Man’ title at this year’s Malaysia Property Award™ 2018 which was held at One World Hotel. The Malaysia Property Award™ 2018 is organised by the FIABCI Malaysia Chapter. FIABCI is known as the International Real Estate Federation, a worldwide network of professionals in the property industry. The Malaysia Property Award™ is a gold standard for developers in the real estate industry and has gained recognition and prestige as the “Oscar Award” in the property fraternity.
About LBS Bina Group Berhad
LBS has a distinct pedigree which dates back to 1980s when Dato’ Seri Lim Bock Seng – a young and aggressive man with vision – founded the original construction business in Petaling Jaya. After a decade of rapid growth, LBS set its sights higher and ventured into the property development sector in 1992 where it started its first project, the Jelapang Maju Light Industrial Park in Ipoh, Perak. After taking over the baton from his father, Tan Sri Lim Hock San has grown and developed LBS into one of the major players in property development in Malaysia. LBS Bina Group Berhad (5789) was listed on the Main Board of Bursa Malaysia Securities Berhad in 2002 with business expanded to Zhuhai, the People’s Republic of China.
Under the leadership of Managing Director, Tan Sri Lim Hock San, the Group re-strategised its business model, and launched a brand new image, identity and direction as part of its long term objective to be an internationally recognised developer, building and inspiring lifestyle spaces that enhance community living. To mark this new direction, the Group has extended its portfolio of quality homes to the high-end market and has embarked on a progressive journey of change, which includes the areas of product, customer experience, after-sales services, sustainability, green technology and design.
In recognition of his entrepreneurship, Tan Sri Lim was awarded the Asia Pacific Entrepreneur of the Year Award 2012 by Enterprise Asia. In July 2012, as an acknowledgement of his active involvement in the development of Zhuhai City, China, Tan Sri Lim Hock San was appointed a committee member of the Zhuhai Municipal People’s Political Consultative Conference (Zhuhai CPPCC). Under the stewardship of Tan Sri Lim, the Group was awarded the ‘Best Company for Leadership of Property Development’ at the 2014 International Alternative Investment Review (IAIR) Awards.
Another exemplary accomplishment of Tan Sri Lim was the conferment of The Brand Laureate Hall of Fame – Lifetime Achievement Brand ICON Leadership Award 2015. Tan Sri Lim was presented the award in recognition of his perseverance through many years, resilience that has withstood the test of time, demonstration of strong leadership, deep industry knowledge and impeccable values of integrity and responsibility through LBS.
In appreciation of his contribution to the lasting relationship between Malaysia and China, Tan Sri Lim was conferred the Lifetime Achievement Award 2015 during the World Chinese Economy Summit 2015 (WCES). The World Economic Summit honours entrepreneurs for their dedication, selfless service and innovative leadership. LBS marked new milestones in 2016, as the company was awarded the 5 Star Best Development Marketing Malaysia award for its lifestyle-concept development BSP21, and the 5 Star Interior Design Show Home Malaysia award for its Corallia semi-detached homes, at the prestigious Asia Pacific Property Award (APPA) 2016. LBS also clinched the BrandLaureate Most Valuable Brand Award for Property Industry 2016 award in recognition of its esteemed reputation as a trusted property developer at the BrandLaureate Best Brands Awards 2015 – 2016.