Keng Cheng (centre) and executive vice-chairman Datuk Lim Keng Guan (fourth from left) at the topping-off ceremony with consultants and senior project personnel of LSH33.
LIM Seong Hai Capital Bhd (LSH Capital) marked a milestone by successfully hosting a “topping off” ceremony at Laman Seri Harmoni (LSH33) in Kuala Lumpur.
Besteel Engtech Sdn Bhd was one of the first developers to sign a strategic collaboration agreement with LSH Best Builders Sdn Bhd, a wholly owned subsidiary of LSH Capital.
The collaboration with Besteel Engtech resulted in LSH33 – a mixed development comprising four components: one block each of 300 Perumahan Penjawat Awam Malaysia (PPAM) units, 300 Residensi Wilayah (Rumawip) units and 300 condominium units and four levels of retail space with a net lettable area of 103,000sq ft.
The gross development value (GDV) of the project is RM370mil.
“LSH33 is a successful example of a collaboration framework, where we can assist property developers in fully unlocking the value of their land,” said LSH Capital non-executive chairman Tan Sri Lim Keng Cheng.
“As a development launched in December 2020 at a time when Malaysians were coming to terms with Covid-19 and the movement control order, LSH Capital worked hand in hand with Besteel Engtech in all aspects of project development, including providing construction advice and solutions, as well as sales and marketing and financial solutions.
“As a result, construction of LSH33 is on track for delivery and has achieved remarkable sales where 95% of the 900 residential units have been taken up, including 100% sales for PPAM and Rumawip products.
“LSH Capital has also introduced Industrialised Building Systems (IBS) for the development, which allowed LSH33 to catch up on its work progress.
“We are confident of physical completion of the development in early 2024, and subject to the authorities’ approval, we anticipate welcoming purchasers to their new homes in Q2 2024.”
LSH33 is within reach of major townships in the north of Kuala Lumpur and a short drive from KLCC as well as main thoroughfares such as Jalan Pahang, Jalan Genting Klang, Jalan Gombak, Jalan Sentul, Jalan Ipoh, Middle Ring Road 2 (MRR2) and DUKE-Phase 2.
It is also within walking distance of Taman Pelangi as well as high-rise developments such as SkyAwani Residence, Maxim Citilights, Sentul Point, Sentul Village, M Centura and M Arisa.
Lim expressed his gratitude to all involved in the LSH33 project, including consultants, subcontractors, agencies, banks and media representatives.
He is optimistic that similar project concepts would be developed in the future so that the group could offer a broader range of products to align with the government’s vision to empower middle and low-income groups with more home ownership opportunities.
The next development under the Group, LSH Segar, is located in Cheras, Kuala Lumpur, and includes one 26-storey block with 440 Rumawip/Residensi Wilayah units, seven-storey podium with parking bays and a one-storey facility deck.
It will also have one 28-storey block with luxury units such as sky homes, sky semi-D units, sky bungalows, one-storey of facility deck and eight levels of podium with parking bays, facilities and main lobby.
