Lim: MGB is continually acquiring new expertise and refining methodologies to enhance the quality and expand the utilisation of its industrialised building system precast concrete products.
KUALA LUMPUR: MGB Bhd
, the construction and property development solutions provider and subsidiary of LBS Bina Group Bhd (LBS), announced on Dec 14 that its wholly-owned subsidiary MGB Construction and Engineering Sdn Bhd has accepted a letter of award worth RM167.75mil from RDC Arkitek (KL) Sdn Bhd on behalf of Johan Anggun Sdn Bhd for a development project in Genting Highlands and Bentong district, Pahang.
The contract involves the construction of 28 floors of serviced apartments from levels nine to 36, with one level for facilities at Floor 8, seven levels of parking from Floors 1 to 7, one level of facilities, lobby space and parking on the ground floor, as well as two levels of basement parking at LG2 and LG1.
This covers 2.3 acres (0.9 hectares) on a portion of Lot 15360 Genting Highlands in Pahang.
Year-end flourish
“With this contract, our outstanding construction order book stands at RM1.22bil, with development projects having a gross development value of RM1.26bil,” says MGB executive vice-chairman Tan Sri Ir Dr Lim Hock San.
“This brings a positive conclusion to our year 2023.
“Based on our positive results thus far, we anticipate a successful beginning in 2024, with expectations of continued advancement in both our construction and property development divisions.”
He says that MGB is continually acquiring new expertise and refining methodologies to enhance the quality and expand the utilisation of its industrialised building system (IBS) precast concrete products.
IBS remains an important component of MGB’s business and core competence, which it will leverage on to secure new projects.
“Notwithstanding the ever changing needs and demands of the construction and property development industry, we are optimistic about meeting the needs of our customers and at the same time, remain at the forefront of our industry,” Lim says.
Insightful leadership
LBS is an internationally recognised developer with a vision for building and inspiring delightful spaces, is a renowned township developer that has amassed numerous awards through their various developments.
By placing people at the heart of it approach, it has been building and shaping the nation’s landscape for over 30 years while continuing to meet the market demands for quality and affordable homes.
Its success is attributed to Lim’s leadership.
In recognition, he was named the Property Man of the Year by Malaysia Property Award (formerly known as FIABCI Malaysia Property Awards of Distinction or FIABCI Malaysia Awards of Distinction) in 2018, the gold standard for developers in the real estate industry.
Further recognition received was the “Oscar Award” in the property fraternity.
The award recognises Lim’s perseverance and resilience over time within the industry, excellent demonstration of strong leadership, deep industry knowledge and impeccable values of integrity and responsibility.
LBS has land banks spread across Malaysia and continues to grow, by replicating successful townships, such as Bandar Saujana Putra, KITA @ Cybersouth in Dengkil, LBS Alam Perdana in Bandar Puncak Alam in the Klang Valley.
It is also venturing into retail management, hospitality and tourism.
About MGB Bhd
Established in 2007, MGB has evolved into a construction and property development solutions provider, primarily focusing on providing efficient and cost-effective solutions across a wide range of industries, in particular building mass market and affordable living spaces for generational living in Malaysia.
Through its subsidiaries, MGB provides a full range of design, construction and development services including design and build, project management, civil engineering, value engineering, geotechnical specialisation and manufacturing in IBS precast concrete products.
The company has accumulated a strong track record, with more than 15 years in design and build to general construction for residential, commercial, and industrial buildings as well as infrastructure works.
It has successfully completed more than 25,000 units of properties, particularly in the affordable homes segment. In addition, MGB has also completed more than 8,000 homes using its IBS precast technology.
For more information, visit www.mgbgroup.com.my
