SELANGOR: Construction and property developer LBS Bina Group Bhd subsidiary, MGB Bhd, commemorates its Idaman BSP structure with a roof topping-up ceremony.
Located in Bandar Saujana Putra, Idaman BSP is the first of six Rumah Idaman MBI projects launched by MGB in partnership with PNSB Construction Sdn Bhd, a subsidiary of Permodalan Negeri Selangor Bhd under the Selangor state government.
The Rumah Idaman MBI initiative offers affordable housing to Selangor residents in strategic, well-connected locations. To date, all Idaman BSP units have been sold out since the initial launch. The units are priced from RM250,000, each fully furnished with air conditioners, cabinets and kitchen cabinets, wardrobes, refrigerators, television sets and water heaters.
“This roof topping-up ceremony for Idaman BSP signifies the successful completion of the structural works of our first Rumah Idaman MBI project,” MGB executive vice-chairman Tan Sri Lim Hock San said.
Comprising two blocks with a total of 1,312 units, Idaman BSP utilised MGB’s Industrialised Building System (IBS) Precast Concrete Panels to facilitate a shorter construction timeline, as well as maintain a consistency in quality, reducing the need for on-site labour by up to 49%.
“We anticipate that all 7,210 units of Rumah Idaman MBI in all our developments, including those in Idaman BSP and other projects, will be delivered efficiently ahead of schedule to the homeowners,” Lim said.
“As we seek to secure more Rumah Idaman MBI housing projects, IBS remains a crucial component of our operations, there is substantial cost efficiency in terms of labour costs, which can be as high as 31%.
“This efficiency enables us to remain competitive and continue our mission of providing affordable homes for all Malaysians. Our properties built using IBS currently exceed 8,000 units, and we expect that figure to reach 10,000 units by the end of the year. This achievement is a testament to our commitment to consistently deliver high-quality homes using our refined and innovative IBS system refined and innovated over the years,” he added.
MGB executive director Datuk Richard Lim, deputy chief executive officer Isaac Lim, deputy chief executive officer Daniel Chew and deputy chief executive officer Victor Wong were present at the ceremony.