Mar 29, 2012

LBS Bina Group Bhd, one of Malaysia’s leading property developers, has unveiled its flagship residential development called D’Island Residence, an island paradise with 175 acres of land surrounded by 1,000 acres of water.

Comprising bungalows, semi-detached homes, luxury superlinks and super condominiums, D’Island Residence was officially launched in September 2011, in line with the company’s move into the high-end property segment.

"D’Island Residence is considered a very low density development project given that we only have 1,035 residential units on 175 acres of land. We will have 237 units of luxury superlink, 298 units of semi-detached homes, 148 bungalows and 352 units of super condominiums," said Datuk Lim Hock San, Managing Director of D’Island Residence.

Set for completion in five to seven years, the residential project is expected contribute a total gross development value (GDV) of RM3.6 billion to the group, he added.

Lim also announced that the first phase of the development’s three storey luxury superlinks Apicalia were all sold out. With a limited 122 units, the superlinks have a GDV of RM156 million.

"We intend to launch the second phase this June, 115 units of three storey luxury superlinks. Phase two will be the last phase for superlinks and will come with a private lift and bigger built up areas," said Lim.

He added that D’Island Residence’s another launch for the 44 units called Balvia were already over 40 per cent sold.

Image: The Borneo Post

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