Lbs annualreport2013-160203133531

A N N U A L R E P O R T 2 0 1 3
B u i l d i n g A S u s t a i n a b l e F u t u r e

Our Vision
To be an internationally recognised developer, building and
inspiring delightful spaces that enhance community living.
Our Mission
To consistently deliver exceptional performance through
progressive creations, realising value to all stakeholders
and enriching communities at large.
Cover Rationale
This year’s cover uses a black monogrammed base to
signify sophistication, affluence and success. It’s a colour
that exudes intrigue and coolness. It’s a perfect colour to
reflect our aspirations - that throughout the years, we’ve
been carefully nurturing our reputation as a developer
of unsurpassed quality and workmanship. A developer
whichunderstandstheneedsofourcustomersandinsists
on the best of innovation, sophistication and design. At
LBS Bina, we enrich communities at large.

LBS BINA GROUP BERHAD
ANNUAL REPORT 2013
01
02
Corporate
Structure
06
Corporate
Information
08
Awards and
Accolades
09
The LBS
Brand
10
Living the
Life with LBS
CONTENT
12
Board of
Directors
14
Directors’
Profile
24
Group Financial
Highlights
28
Chairman’s
Statement
34
Review of
Operations
42
Portfolio
2013
54
Corporate Social
Responsibility
62
Corporate
Calendar
66
Corporate
Governance
Statement
80
Audit
Committee
Report
83
Statement on Risk
Management and
Internal Control
85
Recurrent
Related Party
Transactions
87
Financial
Statements
222
List of Major
Properties
223
Analysis of
Shareholdings
227
Analysis of
Warrants
Holdings
231
Notice of
Fourteenth Annual
General Meeting
FORM OF PROXY

ANNUAL REPORT 2013
02
Corporate
StruCture
AS AT 15 MAy 2014
100%
Intellplace Holdings Limited
(BVI)
100%
Lamdeal Investments Limited
(HK)
60%
Zhuhai International
Circuit Limited
(PRC)
100%
Zhuhai International Circuit
Promotion (HK) Limited
(HK)
100%
Dragon Hill Corporation Limited
(HK)
100%
Linkway Property Co., Ltd
(BVI)
100%
LBS Bina Holdings Sdn Bhd
100% Adil Restu Sdn Bhd
100% Angsana Abadi Sdn Bhd
100% Astana Modal (M) Sdn Bhd
100% Azam Perspektif Sdn Bhd
100% Cergas Asal (M) Sdn Bhd
100% Equal Alliance Sdn Bhd
100% Equal Sign Sdn Bhd
100% Focal Remedy Sdn Bhd
100% Galeri Cekap Sdn Bhd
100% Generasi Nostalgia Sdn Bhd
100% Getstyle Sdn Bhd
(formerly known as
Intelstyle Sdn Bhd)
100% Inderaloka Impian Sdn Bhd
100% Intellview Sdn Bhd
100% Jatidiri Gigih Sdn Bhd
100% Jauhari Unggul Sdn Bhd
100% Kalimah Jaya Sdn Bhd
100% Utuh Sejagat Sdn Bhd
100% Kilatlima Sdn Bhd
100% LBS Capital Sdn Bhd
100% LBS Properties Sdn Bhd
100% Maju Kamabisa Sdn Bhd
100% Misi Aktif Sdn Bhd
100% MITC Sdn Bhd
75% MITC Engineering Sdn Bhd
51% Prisma Kasturi Sdn Bhd
BVI : The British Virgin Islands
HK : Hong Kong
prC : The People's Republic of China

ANNUAL REPORT 2013
03
Corporate
Structure
AS AT 15 MAy 2014
100%
Maju Kepunyaan Sdn Bhd
100%
LBS Landscape Sdn Bhd
60%
SPJ Construction Sdn Bhd
100%
Saga Serata Sdn Bhd
70% LBS Maju Sdn Bhd
61% Dataran Enigma Sdn Bhd
60% Koleksi Sigma Sdn Bhd
58% Casa Inspirasi Sdn Bhd
55% Pembangunan Primer Sdn Bhd
51% Mayang Jelatek Sdn Bhd
51% Puncak Gama Sdn Bhd
51% Wirama Era Baru Sdn Bhd
40% Bayu Cergas Sdn Bhd
40% Tarikan Puncak Sdn Bhd
35% Usaha Semarak Sdn Bhd
30% Bimbingan Sumber Sdn Bhd
30% Pristine Sunrise (M) Sdn Bhd
30% Sambungan Aktif Sdn Bhd
30% Setara Armada Sdn Bhd
30% Warnasari Idaman Sdn Bhd
100% Pelangi Homes Sdn Bhd
100% Saga Megah Sdn Bhd
100% Seribu Baiduri Sdn Bhd
100% Sinaran Restu Sdn Bhd
100% Juaraplex Sdn Bhd
100% Kenderong Sdn Bhd
100% Keranji Bina Sdn Bhd
100% Lingkaran Semangat
Sdn Bhd
100% Pacific Grant Sdn Bhd
100% Silibin Jaya Sdn Bhd
55% Nilam Mewah Sdn Bhd
30% Iringan Kejora Sdn Bhd
100% Utuh Aspirasi Sdn Bhd
90% Sepadan Maju Sdn Bhd
80% Prima Utuh Sdn Bhd
71% Generasi Simbolik Sdn Bhd
70% Alunan Prestasi Sdn Bhd
70% Fokus Awana Sdn Bhd
70% Johan Anggun Sdn Bhd
60%
Healthguard Medicare
Sdn Bhd

ANNUAL REPORT 2013
04
Making a
difference
that lasts a
lifetime
Our homes are not just the
Brick and Mortar that hold
them steadfast. It’s more
than that! It’s about the many
moments that are enjoyed
and the magical memories
that come from them. It’s
those cherished experiences
that truly shine it each of our
developments.

ANNUAL REPORT 2013
05

ANNUAL REPORT 2013
06
Corporate
InforMatIon
AS AT 15 MAy 2014
AUDIT COMMITTEE
Lim Tong Lee (Chairman)
Datuk Haji Baharum Bin Haji Mohamed
Datuk Lim Si Cheng
NOMINATION AND
REMUNERATION COMMITTEE
Datuk Lim Si Cheng
ESOS COMMITTEE
Datuk Lim Si Cheng
Datuk Lim Hock Guan
Chia Lok yuen
RISK MANAGEMENT COMMITTEE
Dato’ Sri Lim Hock San (Chairman)
Datuk Lim Hock Guan
Chia Lok yuen
Lim Mooi Pang
Chang yee Khim
Chew Wee Seong
yeoh Keong Hoong
COMPANY SECRETARIES
Lee Ching Ching
Phang Ai Tee
REGISTERED OFFICE
Plaza Seri Setia Level 1-4
No. 1 Jalan SS9/2
47300 Petaling Jaya
Selangor Darul Ehsan
Malaysia
T + 603 7877 7333
F + 603 7877 7111
BOARD OF
DIRECTORS
Dato’ Seri Lim Bock Seng
SSSA, DPMS, AMN
(Chairman)
Dato’ Sri Lim Hock San
SSAP, DSSA, JP
(Managing Director)
Datuk Lim Hock Guan
DMSM, PJK, JP
(Executive Director)
Mej (K) Dato’ Sri Lim Hock Sing
SSAP, DIMP, JP
Datuk Lim Hock Seong
DMSM
Chia Lok Yuen
Lim Mooi pang
DMSM, AMN, PIS
(Senior Independent Non-Executive Director)
Datuk Lim Si Cheng
PJN, PIS
(Independent Non-Executive Director)
Lim tong Lee

ANNUAL REPORT 2013
07
Corporate
InforMatIon
AS AT 15 MAy 2014
BUSINESS ADDRESSES
HeaD offICe
Plaza Seri Setia Level 1-4
No. 1 Jalan SS9/2
47300 Petaling Jaya
Malaysia
T + 603 7877 7333
F + 603 7877 7111
MItC enGIneerInG SDn BHD
H-6 Sunway PJ@51A
Jalan SS9A/19 Section 51A
47300 Petaling Jaya
Malaysia
T + 603 7874 5888
F + 603 7874 5889
MItC SDn BHD
321 & 322 Plaza Seri Setia
No. 1 Jalan SS9/2
47300 Petaling Jaya
Malaysia
T + 603 7877 7333
F + 603 7861 8077
nortHern reGIon
IpoH
No. 17 Medan Ipoh 1A
Medan Ipoh Bistari
31400 Ipoh
Perak Darul Ridzuan
Malaysia
T + 605 255 8820
F + 605 254 4225
CaMeron HIGHLanDS
B-G-10 & B-G-12 Block B
Jalan Royal Lily 1 Taman Royal Lily
39000 Tanah Rata Cameron Highlands
Pahang Darul Makmur
Malaysia
T + 605 491 5018
F + 605 491 5020
SoutHern reGIon
Batu paHat
No. 22 Jalan Kundang
Taman Bukit Pasir
83000 Batu Pahat
Johor Darul Takzim
Malaysia
T + 607 438 8688
F + 607 438 8233
REGISTRAR
Tricor Investor Services Sdn Bhd
(118401-V)
Level 17 The Gardens North Tower
Mid Valley City
Lingkaran Syed Putra
59200 Kuala Lumpur
Malaysia
T + 603 2264 3883
F + 603 2282 1886
SALES OFFICES & GALLERIES
D’ ISLanD reSIDenCe
No. 3 Jalan Timur 9
D’ Island Residence
47130 Puchong
Malaysia
T + 6011 1233 0899 / 0877
BanDar SauJana putra
No. 2 & 6 Jalan SPU 1
Bandar Saujana Putra
42610 Jenjarom
Kuala Langat
Malaysia
T + 6011 1233 0566 / 0577 / 0655
BrInCHanG SQuare
B3-31-G Brinchang Square
Jalan Besar Brinchang
39100 Cameron Highlands
Pahang Darul Makmur
Malaysia
T + 605 491 5018
F + 605 491 5020
SOLICITORS
Cheah Poh Gek & Associates
Manjit Singh Sachdev,
Mohammad Radzi & Partners
Rashid Asari & Co.
Steven Tai, Wong & Partners
Gan & Zul
Henry Lim & Co.
AUDITOR
UHy
PRINCIPAL BANKERS / FINANCIERS
Bank Kerjasama Rakyat Malaysia Berhad
CIMB Bank Berhad
Kuwait Finance House (Malaysia) Berhad
Malayan Banking Berhad
Malaysia Building Society Berhad
Public Bank Berhad
United Overseas Bank (Malaysia) Berhad
Hong Leong Islamic Bank Berhad
The Hong Kong and Shanghai Banking
Corporation Limited
Bank of China Limited
Industrial and Commercial Bank
of China Limited
STOCK EXCHANGE LISTING
Main Market, Bursa Malaysia Securities Berhad
since 30 January 2002
Stock Code : 5789
Stock Name : LBS
Sector : Properties
WEBSITE
WWW.LBS.COM.My
EMAIL
Customer Service
cs@lbs.com.my
facebook
www.facebook.com/lbsbinagroup
twitter
www.twitter.com/lbsbinagroupbhd

ANNUAL REPORT 2013
08
aWarDSanD
aCCoLaDeS
2011
1. SMe recognition award 2011
Platinum Entrepreneur Award :
Dato’ Sri Lim Hock San
2. BCI asia top 10 Developers
2011 award
2014
1. IaIr aWarDS
Malaysia Best Company for Leadership
(Property Development)
2. aSIa paCIfIC propertY aWarD
Best Residential Development, Asia Pacific :
SkyVilla @ D’ Island Residence
5 Star Best Residential Development, Malaysia :
SkyVilla @ D’ Island Residence
Highly Commended Interiror Design Show Home, Malaysia :
Nautilus @ D’ Island Residence
2013
1. Asia Pacific Property Award
5 Stars Best Interior Design Show Home Malaysia :
Balvia @ D’ Island Residence
Highly Commended : Development Multiple Units Malaysia :
Apicalia @ D’ Island Residence
Highly Commended : Development Marketing Malaysia :
4. Marketing excellence award 2013
Bronze winner of Excellence In Public Relations :
Internal/Employee Communications
Bronze winner of Excellence In Product/Packaging Design :
Cameron Golden Hills “The Way Life Should Be”
Finalist of Excellence In CRM and Loyalty Marketing
7. Property Press Awards 2013 (Malaysian Reserve)
Best Urban Scenic Development (D’ Island Residence)
2012
1. Asia Pacific
entrepreneur
award (apea)
Entrepreneur Of
The year 2012 :
Dato’ Sri Lim Hock
San

ANNUAL REPORT 2013
09
tHeLBS
BranD
the interweaving design represents the
enduring bonds between the founder
Dato’ Seri Lim Bock Seng and his four
sons, who, together, expanded LBS into
a leading property group, infused with
their core values of unity and trust.
the interwoven pattern is then further
expanded into an infinite monogram
design, symbolising LBS’ mission in
delivering exceptional performance
through progressive creations.
Over the years, LBS has succeeded in establishing a solid foundation in crafting
high-quality built environments. This is what we believe in. Our ongoing
commitment to improving overall community wellbeing has enabled us to come
far and become who we are. We are driven by our promise to create sustainable
living, working and recreational environments that will provide a better future for
everyone, a future that is worth beholding.

LIVInGtHe
LIfeWItHLBS
In LBS,
we strike to deliver
inspirational space
where people call it HOME.
LBS has homes for every stage of your
life which will allow you to live your
dreams – whether it is your first home,
upgrade to a spacious living space,
investment home, holiday home or a
place for your business. LBS creates
inspiring and delightful spaces. More
importantly LBS is people-focussed
and understands your priorities and
needs to achieve your dream home
and lifestyle.
Through progressive creations, we
want to ensure LBS homes, townships
and premises gives you the platform
to experience a quality and balanced
lifestyle suitable to meet your
needs in today’s fast-paced world
of technology, from affordability to
design, sustainability to aesthetics.
We are improving our processes to
ensure an effortless journey from
sales enquiry to ownership. We’ve
refined our processes to ensure our
products deliver environment that
meets the needs of every generation
and community and ensure business
are handled effortlessly with all LBS
customers – in terms of property
design, township planning and
development, customer service.
ANNUAL REPORT 2013
10

LIVInGtHe
LIfeWItHLBS
In LBS, we don’t just build
house, we create living
habitats of the future.
ANNUAL REPORT 2013
11

BoarDof
DIreCtorS
DATO' SRI
LIM HOCK SAN
Managing Director
LIM TONG LEE
Director
DATO’ SERI
LIM BOCK SENG
Chairman
LIM MOOI PANG
Executive Director
DATUK
LIM HOCK GUAN
Executive Director
ANNUAL REPORT 2013
12

BoarDof
DIreCtorS
MEj (K) DATO’ SRI
LIM HOCK SING
Executive Director
CHIA LOK YUEN
Executive Director
DATUK
LIM HOCK SEONG
Executive Director
DATUK HAjI BAHARUM
BIN HAjI MOHAMED
Director
DATUK
LIM SI CHENG
Director
ANNUAL REPORT 2013
13

Dato’ Seri Lim, the founder of LBS Bina Holdings
Sdn Bhd (“LBS”), was appointed as the Chairman
of LBS Bina Group Berhad (“LBGB” or “Group” or
“Company”) on 6 December 2001. He has more
than 30 years of experience in the construction
and property development sectors. He was initially
involved in the supply and transportation of sand,
aggregates, earth and ball clay for construction of
infrastructure works such as earthworks, sewerage
works, roads and drainage. Subsequently, he
ventured into construction of houses, shops and
factory buildings.
Dato’ Seri Lim is active in community activities,
particularly in the Seri Setia area in Petaling Jaya,
Selangor. He sits on the boards and committees
of several non-profit-making organisations. He is
the Permanent Honorary Chairman of Seri Setia
Old Folks Home, Honorary Adviser to Khuan Loke
Club, Seri Setia, Honorary Adviser to General
Traders Association, Sungai Way – Subang,
DATO’ SERI LIM BOCK SENG
Chairman
Age 83
Malaysian
(Non-Independent Non-Executive Director)
DIreCtorS’
profILe
Honorary Chairman of the Old Boys Association
of SJK (C) Sungai Way, Honorary Adviser for youth
Club Sungai Way, Honorary Adviser of Selangor
and Kuala Lumpur Lim Clansmen Association,
Honorary Chairman of the Management Board
and Building Committee of SJK (C) Sungai Way,
Honorary Chairman of Persatuan Hokkien Sungai
Way, Honorary President of the Federation
of Hokkien Association, Malaysia, Permanent
Honorary Adviser to Loong Thien Kong, Kajang,
Permanent Honorary Adviser to Persatuan
Penganut Tho Guan Sen, Permanent Honorary
Adviser to Wei Long Temple Happy Garden Kuala
Lumpur, Honorary Chairman to Ulu Selangor Ann
Kooi Association, Honorary Adviser to Federation
of Association of Lim Clansmen and Honorary
Chairman to Selangor & Kuala Lumpur Ann Kooi
Association. Dato’ Seri Lim also sits on the Board
of several subsidiary companies of the Group.
He is the father of Dato' Sri Lim Hock San
(Managing Director), Datuk Lim Hock Guan
(Executive Director), Mej (K) Dato’ Sri Lim Hock
Sing (Executive Director), Datuk Lim Hock Seong
(Executive Director) and Ms. Lim Mooi Pang
(Executive Director). Dato’ Seri Lim has no conflict
of interests with the Company and he has no
convictions for any offences within the past 10
years.
ANNUAL REPORT 2013
14

Dato’ Sri Lim joined LBS in 1982 and became the
Managing Director of LBS in 1992. On 6 December
2001, Dato’ Sri Lim was appointed as the Managing
Director of LBGB. He was graduated with First Class
Honours in Civil Engineering from the University of
Wales, United Kingdom in 1982, and Dato’ Sri Lim
won the second prize in the British Steel Corporation
Competition for Design in Hollow Steel Section in the
same year.
Dato’ Sri Lim’s excellent business foresights, technical
expertise and 30 years of management experience
have well positioned him as the Key Leader. Under his
leadership, LBGB and its subsidiaries (“Group”) have
grown and developed as one of the major players
in property development. Dato’ Sri Lim was the
recipient of the inaugural The Platinum Entrepreneur
Award by SMI Association of Malaysia in 2011, the
prestigious Entrepreneur of the year 2012 by Asia
Pacific Entrepreneurship Awards (APEA) and Malaysia
Best Company for Leadership of the year 2014 by
International Alternative Investment Review (IAIR)
for his outstanding entrepreneurship, leadership and
achievements in raising the profile of the Company in
the country and overseas.
DIreCtorS’
profILe
DATO' SRI LIM HOCK SAN
Managing Director
Age 56
Malaysian
(Non-Independent Executive Director)
Dato’ Sri Lim is also very active in community
works of various charitable organisations.
Presently, Dato’ Sri Lim is the Chairman of the
Board of Governors of SMJK Katholik, and SJK (C)
Sungai Way, the President of Persatuan Hokkien
Seri Setia, the President of Selangor Petaling
Business & Industry Association, the President of
Gabungan Persatuan Cina Petaling Jaya, Selangor,
the President of Malaysia-Guangdong Chamber of
Investment Promotion, Vice President of the Ann
KhoeAssociation,Selangor&WilayahPersekutuan,
the Vice President of Federation of Hokkien
Associations of Malaysia, the Honorary President
of Catholic High School Alumni Association, the
Honorary President of Persatuan Penganut Tho
Guan Sen and Honorary Chairman of Rumah
Berhala Leng Eng Tian, the President of Malaysia
Chamber of Commerce In China-Guangdong,
Vice President of Fujian Overseas Exchanges
Association Fifth Council, Committee Member of
China Chamber of International Commerce and
member of Zhuhai Municipal People’s Political
Consultative Conference (Zhuhai CPPCC), China.
Besides sitting on the Board of several subsidiary
companies of the Group, Dato’ Sri Lim is the
Chairman of Risk Management Committee in
LBGB.
He is the eldest son of Dato' Seri Lim Bock Seng
(Chairman) and brother of Datuk Lim Hock Guan
Sing (Executive Director), Datuk Lim Hock Seong
(Executive Director). Dato’ Sri Lim has no conflict
of interests with the Company and he has no
convictions for any offences within the past 10
years.
ANNUAL REPORT 2013
15

DIreCtorS’
profILe
Datuk Lim Hock Guan was appointed as Executive
Director of LBGB on 6 December 2001. He holds
a B.Sc. Civil Engineering from the Tennessee
Technology University, USA. Datuk Lim Hock
Guan started his career as a Civil Engineer upon
his graduation.
Datuk Lim Hock Guan has more than 20 years
of extensive experience in the field of property
development and construction. He is in charge of
the Group’s projects in Klang Valley and he is one
of the major driving forces behind the LBS Group’s
successful implementation of the projects in the
Klang Valley.
Datuk Lim Hock Guan sits on the Board of several
subsidiary companies of the Group. He is member
of Risk Management Committee and ESOS
Committee in LBGB. He also sits on the Board
of Zhuhai Holdings Investment Group Limited, a
company listed on the Main Board of Hong Kong
Stock Exchange, as Non-Executive Director.
DATUK LIM HOCK GUAN
Executive Director
Age 52
Malaysian
He is also active in community works and
has involved in several non-profit-making
organisations. He is the Vice President of Malaysia-
Guangdong Chamber of Investment Promotion
and the Vice President of The Malaysian Chamber
of Commerce in Guangdong, China. He is also
a qualified sharpshooter from National Riffle
Association, Washington D.C.
He is the son of Dato' Seri Lim Bock Seng
(Chairman) and brother of Dato’ Sri Lim Hock
San (Managing Director), Mej (K) Dato’ Sri Lim
Hock Sing (Executive Director), Datuk Lim Hock
Seong (Executive Director) and Ms. Lim Mooi Pang
(Executive Director). Datuk Lim Hock Guan has no
conflict of interests with the Company and he has
no convictions for any offences within the past 10
years.
ANNUAL REPORT 2013
16

DIreCtorS’
profILe
Mej (K) Dato’ Sri Lim Hock Sing was appointed
as Executive Director of LBGB on 6 December
2001. Upon graduating from Eastern Washington
University, USA in 1989, with a Bachelor of Arts
Degree in Accountancy, he has practiced his trade
as an audit supervisor at Khoo & Co., a public
accounting firm. Mej (K) Dato’ Sri Lim Hock Sing
was later absorbed into LBS and has been a fulltime
Director since 1991, overseeing all of LBS Group’s
projects in Pahang State, particularly in Cameron
Highlands.
MEj (K) DATO’ SRI LIM HOCK SING
Executive Director
Age 51
Malaysian
He is the third son of Dato’ Seri Lim Bock Seng
(Chairman) and a brother of Dato’ Sri Lim Hock
San (Managing Director), Datuk Lim Hock Guan
(Executive Director), Datuk Lim Hock Seong
(Executive Director). Mej (K) Dato’ Sri Lim Hock
Sing has no conflict of interests with the Company
and he has no convictions of any offences within
the past 10 years.
With his accountancy background and over 20
years of experience in property development,
he has been providing invaluable professional
expertise for LBGB in areas such as finance,
marketing and property evaluation. He is also sits
on the Board of several subsidiaries of the Group.
Apart from his corporate involvement in the
industry, Mej (K) Dato’ Sri Lim Hock Sing is also
known for his community work. His exceeding
reputation has been acknowledged by the youth
Group of Kuala Lumpur Lim Clansmen Association,
which he was elected as a leader. He is also an
Executive Committee Member of the young
Entrepreneur’s Association of Malaysia (PUMM)
since the year 2002 and an active member of the
Hokkien Association of Sungai Way, Sungai Way
Old Boys Association and Persatuan Warga Cinta
Negara Malaysia (PENCINTA). Beginning from
2012, he also sits in the Board of Trustees for Sultan
Ahmad Shah Environment Trust (SASET), a non-
profit organisation.
Mej (K) Dato’ Sri Lim Hock Sing was awarded
by K.D.y.T.M. Tengku Mahkota Pahang Tengku
Abdullah Al-Haj Ibni Sultan Haji Ahmad Shah Al-
Musta’in Billah the Honorary Major In The Reserve
Army (Rej 505 Askar Wataniah) on 24 June 2012.
ANNUAL REPORT 2013
17

DIreCtorS’
profILe
Datuk Lim Hock Seong graduated from
Kolej Damansara Utama with a Diploma in
Telecommunication and Computer Engineering
in 1990, and was appointed Executive Director of
LBGB on 6 December 2001. He is also the Executive
Director of LBS since 1992.
As a Director in charge of property development
projects in Perak, he monitors the initialisation,
planning, management and overseeing day-to-day
operations of the projects.
He is a member of the yayasan Ang Koai Selangor,
the Malaysian Chinese Association, the Persatuan
Hokkien Seri Setia as well as other charitable and
non-profit-making organisations. Datuk Lim Hock
Seongisalsoactivelyinvolvedincommunityworks.
He also sits on the Board of several subsidiary
companies of the Group.
DATUK LIM HOCK SEONG
Executive Director
Age 49
Malaysian
Upon playing an active role in the social
development and well-being of the community,
Datuk Lim Hock Seong has been conferred the
Diraja Mulia Seri Melaka (D.M.S.M) by His Royal
Highness yang di-Pertua Negeri Melaka in 2007.
He is the son of Dato' Seri Lim Bock Seng
(Chairman) and brother of Dato’ Sri Lim Hock
San (Managing Director), Datuk Lim Hock Guan
Sing (Executive Director) and Ms. Lim Mooi Pang
(Executive Director). Datuk Lim Hock Seong has no
conflict of interests with the Company and he has
years.
ANNUAL REPORT 2013
18

DIreCtorS’
profILe
Chia Lok yuen was appointed as a Director of
LBGB on 6 December 2001 and was promoted
to Executive Director on 1 July 2005. He is an
Associate member of the Institute of Chartered
Secretaries and Administrator, UK (ACIS) and has
obtained a Diploma in Banking And Finance from
the Institute of Bankers Malaysia. He is also a
MBA graduate from the prestigious Heriott-Watt
University in Edinburgh, United Kingdom.
Chia Lok yuen was previously a banker by
profession under the employment of a well-known
domestic bank for more than 16 years. He has
gained vast experience and exposure in local and
international corporate business dealings.
CHIA LOK YUEN
Executive Director
Age 55
Malaysian
He joined LBS as Senior General Manager in 1996
in charge of the overall management and business
operations of the Group. He has contributed
significantly towards the growth of the LBGB
Group and its subsequent listing in the Bursa
Malaysia Securities Berhad.
He is responsible for LBS Group’s corporate
functions including IT, Treasury, Investor Relations,
Legal, Credit & Property Management and
Secretarial & Corporate Affairs.
Chia Lok yuen also sits on the Board of several
subsidiary companies of the Group. He is also a
member of the Risk Management Committee and
ESOS Committee in LBGB.
He does not have any family relationship with
any Director and/or Major Shareholder of the
Company. He has no conflict of interests with
the Company and he has no convictions for any
offences within the past 10 years.
ANNUAL REPORT 2013
19

DIreCtorS’
profILe
Lim Mooi Pang was appointed as Executive
Director of LBGB on 16 July 2009. She graduated
with an Honour Degree in Management Studies
from the University of Waikato, New Zealand. She
began her career with Messrs. Ernst & young New
Zealand where she attained her qualifications as a
member of the New Zealand Institute of Chartered
Accountants. Her last position with Ernst & young
was as Senior Audit Manager.
LIM MOOI PANG
Executive Director
Age 47
Malaysian
Before joining LBS Group in May 2004, she was
the Director of Finance and Administration with
Speedline Technologies, an American multi-
national company based in Singapore.
Prior to her current position, Ms. Lim was
the Senior General Manager of the Overseas
Operating Division where she oversaw and
managed LBS Group’s investments in Zhuhai,
China. She continues to be a Vice-Chairman of
Zhuhai International Circuit Ltd.
She is currently responsible for LBS Group’s
corporate functions in Accounts and Finance,
Human Resource and Administration, Purchasing
and Rental, Sales and Marketing Communication.
Lim Mooi Pang also sits on the Board of several
subsidiary companies of the Group. She is a
member of the Risk Management Committee in
LBGB.
Lim Mooi Pang is the daughter of Dato’ Seri Lim
Bock Seng (Chairman) and sister of Dato’ Sri Lim
Hock San (Managing Director), Datuk Lim Hock
Guan (Executive Director), Mej (K) Dato’ Sri Lim
Hock Sing (Executive Director) and Datuk Lim
Hock Seong (Executive Director). She has no
conflict of interests with the Company and she has
years.
ANNUAL REPORT 2013
20

DIreCtorS’
profILe
Datuk Haji Baharum bin Haji Mohamed was
appointed as Independent Non-Executive Director
of LBGB on 20 August 2013. He is currently the
Director of FELCRA Berhad.
DATUK HAjI BAHARUM
BIN HAjI MOHAMED
Director
Age 57
Malaysian
(Senior Independent Non-Executive Director)
After graduated in 1982, he started his career as
Officer with Majlis Amanah Rakyat (MARA) from
1982 to 1986 and thereafter appointed as Deputy
Director of MARA in the states of Negeri Sembilan
(1987 to 1989) and Sabah (1989 to 1992). He was
a Special Officer to yB Chairman of MARA from
1992 to 1995 prior to his appointment as Senior
Secretary to the Deputy Minister of the Prime
Minister’s Department from 1995 to 1998. He
was the former Chairman of Lembaga Pelesenan
Kenderaan Perdagangan Semenanjung Malaysia
from 2004 to 2006 and was also appointed as
Chairman of UDA Holding Berhad from year
2006 to 2008. Presently, he is the Executive
Chairman of a privately owned company involved
in construction.
Datuk Baharum graduated from the University
of Kebangsaan (UKM) with a Bachelor of Social
Science (Honours) in 1982. He also obtained
Certificate in Business Managament from The
Asian Institute Management, Manila in 1985.
He obtained his master degree from European
University of Ireland (EUI) in 2003 and currently
he is pursuing a doctorate in PhD Specialisation
Environmental at UUM College of Law,
Government and International Studies, University
Utara Malaysia.
ANNUAL REPORT 2013
21

DIreCtorS’
profILe
Datuk Lim Si Cheng was appointed as Independent
Non-Executive Director of LBGB on 20 August
2013.
DATUK LIM SI CHENG
Director
Age 64
Malaysian
Datuk Lim holds directorship in various companies
which include Ralco Corporation Berhad and
Koperasi Jayadiri Malaysia Bhd. He is also very
active in community works of various charitable
organisations. Presently, Datuk Lim is the Deputy
Chairman of MCA Disciplinary Board, member
of University Tunku Abdul Rahman Education
Foundation, Trustee in Huaren Education
Foundation, Trustees in Chang Ming Thien
Foundation, board member of KOJADI Education
Services Sdn Bhd and committee member of
Malaysia Mental Literacy Movement.
Company and he has no conflict of interests with
Datuk Lim began his career as a journalist in 1968.
From 1982 to 1990, he was a State Assemblyman of
Bandar Segamat and Exco Member of Johor State
Government from 1986 to 1990. He was appointed
as Political Secretary to the Minister of Transport,
Malaysia from 1990 to 1995. Following this, he was
elected as Member of Parliament Kulai, Johor for 3
consecutive terms from 1995 to 2008.
Datuk Lim then moved to House of Representative,
Parliament Malaysia and served as Deputy Speaker
started from 1999 until February 2008. He was a
member of the Malaysian Pepper Board from 2008
to 2011.
ANNUAL REPORT 2013
22

DIreCtorS’
profILe
Lim Tong Lee was appointed as Independent Non-
Executive Director of LBGB on 22 May 2013. He
is currently the Senior Vice President of Venstar
Capital Management Pte Ltd, Singapore. He
also sits on the Board of ValueMax Group Ltd, a
company listed on the Main Board of Singapore
Exchange, as Independent Non-Executive Director. LIM TONG LEE
Director
Age 46
Malaysian
He has more than 23 years working experience
in private equity, corporate finance and audit.
Prior to joining Venstar Capital Management
Pte Ltd, Singapore, he was attached to AmWater
Investments Management Pte Ltd in 2013 as Chief
Investment Officer and AmFraser Securities Pte
Ltd, Singapore as Director/Head of Corporate
Finance from 2007 to 2012. He was with
AmInvestment Bank Berhad from 1995 to 1997
and 1999 to 2007 with last position as Director of
Corporate Finance.
He was attached to Ernst & young, Kuala Lumpur
office for 5 years prior to joining AmInvestment
Bank in 1995. Between 1997 to 1999, he was
employed as the General Manager, Corporate
Finance of a property development company.
He is a Fellow Member of Association of Chartered
Certified Accountants, United Kingdom, a
member of Malaysian Institute of Accountants
and Malaysian Institute of Certified Public
Accountants.
ANNUAL REPORT 2013
23

REVENUE
(RM’000)
PROFIT/(LOSS)
BEFORE TAXATION
(RM’000)
PROFIT/(LOSS)
AFTER NON-
CONTROLLING
INTERESTS
(RM’000)
PAID-UP
SHARE CAPITAL
(RM’000)
EQUITY
ATTRIBUTABLE TO
OWNERS OF THE
PARENT
(RM’000)
NET TANGIBLE
ASSETS
(RM’000)
GroupfInanCIaL
HIGHLIGHtS
BASIC
EARNINGS
PER SHARE
(SEN)
NET TANGIBLE
ASSETS
PER SHARE
(SEN)
GROSS
DIVIDEND
PER SHARE
(SEN)
NET ASSETS
PER SHARE
(SEN)
(6,558)
(17,182)
(4.45)
27,001
110.04
109.72
16,512
4.27
62,777#
109.31
34,300#
8.87
65,056#
116.76
37,160#
9.70
'09
'09
'09
'09
'09
'09
'09
'09
'09
'09
'10
'10
'10
'10
'10
'10
'10
'10
'10
'10
'11
'11
'11
'11
'11
'11
'11
'11
'11
'11
'12
'12
'12
'12
'12
'12
'12
'12
'12
'12
'13
'13
'13
'13
'13
'13
'13
'13
'13
'13
198,476331,747
386,553
424,13385.82
340,912295,991
386,553
425,37776.57
449,565#
299,296
386,553
2.50
422,53577.43
531,820#
339,607
386,553
2.50
445,10589.09
548,396#
773,242
479,651
11.00*
869,657163.78
430,171#
184.20
392,663#
96.09
ANNUAL REPORT 2013
24

GroupfInanCIaL
HIGHLIGHtS
2009 2010 2011 2012 2013
Results (RM'000)
Revenue 198,476 340,912 449,565 #
531,820 #
548,396 #
Profit/(Loss) Before Taxation (6,558) 27,001 62,777 #
65,056 #
430,171 #
Profit/(Loss) After Non-controlling interests (17,182) 16,512 34,300 #
37,160 #
392,663 #
Balance Sheet as at 31 December (RM'000)
Paid-up Share Capital 386,553 386,553 386,553 386,553 479,651
Equity Attributable To Owners Of The Parent 424,133 425,377 422,535 445,105 869,657
Net Tangible Assets 331,747 295,991 299,296 339,607 773,242
Per Ordinary Share (Sen)
Basic Earnings (4.45) 4.27 8.87 9.70 96.09
Gross Dividend - - 2.50 2.50 11.00 *
Net Assets 109.72 110.04 109.31 116.76 184.20
Net Tangible Assets 85.82 76.57 77.43 89.09 163.78
Remarks
# The figures included discontinued operations
* 8 sen Special Tax Exempt Dividend had been approved by Board of Directors and paid on 18 October 2013
* 1.5 sen Interim Dividend had been declared and approved by Board of Directors on 4 March 2014
* 1.5 sen Final Dividend to be approved by shareholders at forthcoming Fourteenth Annual General Meeting
FINANCIAL CALENDAR
Financial year Ended 31 December 2013
Announcement of Quarterly Results: -
First Quarter ended 31 March 2013 29 May 2013
Second Quarter ended 30 June 2013 26 August 2013
Third Quarter ended 30 September 2013 27 November 2013
Fourth Quarter ended 31 December 2013 26 February 2014
Publishing of Annual Report and Audited Financial Statements
Issuance Date 4 June 2014
Annual General Meeting 26 June 2014
ANNUAL REPORT 2013
25

Better
outcomes for
better lives
With each development we
undertake, we ensure great
care in understanding the
needs of our home-owners.
It’s this attention to detail
that ensures our homes
enrich the lives of each
owner.

CHaIrMan’S
StateMent
Dear Valued Shareholders,
As stated in my Statement at the last
annual report, in 2013, LBS continues to
embark on strengthening its position
as a developer of choice among
house buyers through innovative and
contemporary themed development.
LBS team persistent in exercising
its nimble and innovative approach
to market changes, adapting and
responding to challenges quickly and
astutely.
ANNUAL REPORT 2013
28

CREDITABLE PERFORMANCE
In 2013, many economies continued to be
affected by the sluggish US recovery, prolonged
European debt crisis and the worries of slower
growth in China. At the domestic front, the
long waiting period for conducting the Thirteen
General Election in the first half of the year and
fresh property tightening measures introduced
under the Budget 2014 in the last quarter of 2013
weighed down our key markets.
Despite reduced sales of high-end residential
homes, our diversification strategy in products
segment has enabled LBS to ride through the
challenges to deliver a creditable set of results.
For financial year 2013, the Group’s Profit After
Tax has surged tremendously and recorded at
about tenfold increase, up from RM39.0 million
to its historical high of RM397.1 million. We owe
this sterling performance mainly due to the gain
arising from the disposal of Lamdeal Consolidated
Development Limited and Lamdeal Golf &
Country Club Limited for a total consideration
of HKD1.65 billion and profit contribution from
encouraging take up rates of the on-going and
launched projects.
The Group recorded Revenue and Profit Before
Tax of approximately RM534 million and RM427
million respectively. These represent 5% increase
in revenue and 469% increase in PBT over the
results recorded in the year 2012.
SHAREHOLDERS’ VALUE CREATION
During the year, the Group had announced the
implementation of the dual dividend policies:
1. Normal Dividend Policy where the
distribution is based on payout rate of at least
30% of the Company’s profits after taxation
from its ordinary business operations for each
financial year.
2. Special Dividend Policy where the
distribution is based on the receipt of the
deferred cash payment from the disposal of
investment in China which is expected to be
received in 4 tranches from year 2014 to 2017
with a payout rate of 6 sen per share or up
to 40% of each tranche receipt, whichever is
lower.
CHaIrMan’S
StateMent
our diversification
strategy in products
segment has enabled
LBS to ride through
the challenges to
deliver a creditable
set of results.
ANNUAL REPORT 2013
29

The corporate focus realignment coupled with
the Dua Dividend Policies, LBS is confident of
delivering sustainable return to shareholders.
For financial year 2013, the Group had declared
and paid a Special Dividend of 8 sen per ordinary
share (tax exempt dividend) from the receipt of
the first cash payment of HKD500 million arising
from the disposal of investment in China and an
interim single tier dividend of 1.5 sen per ordinary
share of RM1.00 each from its ordinary course of
business.
In addition to the above, the Board has
recommended a Final Single Tier Dividend of 1.5
sen per ordinary share of RM1.00 each for the
financial year 2013. Subject to the shareholders’
approval at the forthcoming Fourteenth Annual
General Meeting on the declaration of Final Single
Tier Dividend, the dividend declared for the entire
financial year ended 31 December 2013 shall be 3
sen per share representing 31% of the Group’s
earnings from ordinary course of business.
CORPORATE STRATEGY REVIEW
Following a strategy review, the Group was
reorganized and re-aligned its focus into
homeland development which takes two forms:
by geographical and by structure. The revised
corporate strategy in realigning its focus back
to homeland allows LBS to sharpen its edge and
better leverage and harness synergies across the
4 core states where it has strong presence while
extending its foothold in other up and coming
cities. This also enables the Group to achieve
greater economies of scale and enhance its
competitive advantage in its integrated township
project and deepen its position in affordable
homes segment.
The Group recorded
Revenue and
Profit Before Tax
of approximately
rM534 million and
rM427 million
respectively.
CHaIrMan’S
StateMent
ANNUAL REPORT 2013
30

With incoming war-chest from the disposal of
investment in China, we adopted replenishment
strategy for our land bank, optimising the state-
wide layout of property projects and acquiring
quality land plots in other potential growth
cities with equilibrium combination by structure
of outright purchase or joint venture. While
implementing this strategy, we seek to strike a
balance between geographical exposure, risks
and synergy effect.
CORPORATE DEVELOPMENTS
Greater Potential Earnings foothold
During the year, the Group continues its
business rationalisation and expansion activities
by acquiring the equity interests from the
minority shareholders of Wirama Era Baru
Sdn Bhd (“WEBSB”), Dataran Enigma Sdn Bhd
(“DESB”), Utuh Sejagat Sdn Bhd (“USSB”) and
MITC Engineering Sdn Bhd (“MITCE”). These
acquisitions have rendered USSB became a
wholly-owned subsidiary of the Group while
increasing its stakes in WEBSB, DESB and MITCE.
Consequently, enables the Group to gain better
control and recognition of greater potential
earnings deriving from the projects development
under these companies.
Optimising Capital for Greater Return
The sealed Sale and Purchase Agreement in April
2013 to dispose of the Group’s equity interest in
two subsidiaries owning the Zhuhai Lakewood
Golf Club and the 197-acre development land
surrounding this golf club for HKD1.65 billion was
completed and concluded in August 2013.
The deal enabled us to further strengthen the
balance sheet which shown an improvement
on earnings per share, net asset value and net
asset per share while reducing gearing ratio via
the receipt of cash proceeds of HKD500 million,
225,563,909 new share in Zhuhai Holdings
Investment Group Limited (Stock Code: 0908)
(“Zhuhai Holdings”), a public company listed on
the Hong Kong Stock Exchange and Promissory
Notes of HKD850 million payable in four annual
instalments from 2014 to 2017.
The completion of this divestment has emerged
LBS as a substantial shareholder in Zhuhai
Holdings and continue our presence in China.
Through the shares held in Zhuhai Holdings, we
may reap greater benefits by sharing potential
profits not only from the disposed business in
golf club and property development, but also
from other business activities of Zhuhai Holdings
who is also in hospitality and leisure, maritime
passenger transportation and port management.
With the war-chest in hand, we will leverage
our strong balance sheet to seize investment
opportunities that arise and continue to employ
capital for higher return and weigh all available
opportunities so as to maximize the return from
our investments.
The Group to achieve
greater economies of
scale and enhance its
competitive advantage
in its integrated
township project and
deepen its position in
affordable homes
segment.
CHaIrMan’S
StateMent
ANNUAL REPORT 2013
31

CHaIrMan’S
StateMent
Opportunistic Approach in
other Promising Market
Capitalizing on the booming Iskandar Malaysia,
we strengthen our presence in the state of
Johor by extending our footprint in the Zone A
of this southern economic zone with acquisition
of a piece of freehold land measuring 1.18 acres
for residential and commercial purposes with
estimated GDV of approximately RM500.0
million.
The new joint venture project with Perbadanan
Kemajuan Negeri Pahang to develop a piece of
12.4 acres land in Bandar Indera Mahkota, Kuantan
marked our first step in the east coast city.
In October 2013, the Company had through its
wholly-owned subsidiary, Dragon Hill Corporation
Limited, exercised its right to acquire 100% equity
interest in Lamdeal Investment Limited (“LIL”) at
a total consideration of USD1.00 only. LIL is an
investment company involving in racing circuit
project. LIL has set up joint venture in China in
year 1992 through a sino-foreign cooperative joint
venture entity, known as Zhuhai International
Circuit Limited (“ZICL”) to jointly develop and
operate China’s first professional racing track
(“ZIC Circuit”). This exercise has rendered LIL a
wholly-owned subsidiary of LBS and accordingly
ZICL became a 60%-owned subsidiary of the
Company.
Despite the gestation period for this investment
is long, the Group foresees huge potential in the
ZIC Circuit which currently occupies some 264
acres of prime land. It is strategically located
next to the Lakewood Golf Club and the 197-
acre mixed property development project. The
decision to bring back ZIC Circuit into the Group
will maintain the Group’s presence in China and
may in the future provide another opportunity for
the Group’s venture into property development.
We consider the acquisition of LIL to be viable
long-term investment that would contribute
significantly towards enhancing value to
shareholders in the future.
Commitment to Innovations
The Group’s vision on becoming an internationally
recognized developer has earned numbers of
Awards from its development projects and
marketing campaigns and programmes in year
2013.
Our flagship high-end development D’ Island
Residence was awarded the Best Urban Scenic
Development by the Malaysian Reserve for the
Property Press Awards 2013. Three awards were
bagged from Asia Pacific Property Awards 2013
for its luxury development D’ Island Residence.
This unique island resort development was named
the Best Commended Award in Development
Marketing for Malaysia. Its semi-detached home
Balvia has won 5 Stars award in the Interior Design
Show Home for Malaysia while the superlink
home Apicalia garnered Development Multiple
Units for Malaysia Award.
Our flagship high-
end development
was awarded the
Best Urban Scenic
Development by the
Malaysian Reserve
for the Property Press
Awards 2013.
ANNUAL REPORT 2013
32

CHaIrMan’S
StateMent
In the high competitive market of property
industry, staff are constantly challenged to
see things in different perspective so as to be
innovative. Their efforts were recognized when
LBS lauded two bronzes in Marketing Excellence
Awards namely “Excellence in Public Relations
(Internal/Employee Communications) category
for its LBS Corporate Rebranding Exercise –
Internal Communications” and “Excellence
in Product/Packaging Design category for its
Cameron Golden Hills -The Way Life Should Be”.
2014 OUTLOOK AND PROSPECT
The gradual improvement in the global economy
experienced in 2013 is expected to continue in
2014 supported by a broader economic recovery in
the advanced econonmies and sustained growth
in the emerging economies where the Malaysia
economy is expected to remain resilient in 2014
with projection conservative economic growth
of 4.5%-5.5% in 2014 which will be supported by
favourable domestic demand and an improving
external environment. Even though domestic
consumption remain stable, property industry
in Malaysia will be facing challenges from
consumers conscious of rising cost of living and
reduced purchasing power as a result of increase
in prices of properties, goods and services despite
the government various initiatives or measures.
However, we remain confident that the Group
will be able to ride out the uncertainties at the
back of a healthier balance sheet and stronger
cash position. The Group has the greater capacity
now to step up acquisitions of well-located and
promising sites coupled with our affordable
homes series which continue to receive
encouraging supports.
Moving forward, the Group will continue
to embark on strengthening our position as
a developer of choice among house buyers
through innovative and contemporary themed
development. We shall continue to leverage on
the demand for affordable residential, lifestyle
themed residential and selected commercial
development.
APPRECIATION
Throughout the various challenges, our
stakeholders have been steadfast in their support
of LBS. I wish to extend my appreciation to all
our valued customers, shareholders, business
associates, bankers and the relevant government
authorities for their continuous support and
confidence in the Group.
I am pleased to welcome three new Independent
Non-Executive Directors who joined the Board
in 2013: Datuk Haji Baharum Bin Haji Mohamed,
Datuk Lim Si Cheng and Mr. Lim Tong Lee and
grateful for their acceptance on the appointments
to the Board. These appointments follow the
resignations of Dato’ Kamaruddin bin Abdul
Ghani, Tan Sri Dato’ Seri Utama (Dr) Haji Abu
Hassan bin Haji Omar, Dato’ Wong Woon yow, En.
Mohd Fazil bin Shafie and Mr. Kong Sau Kian, and
the retirement of Maj Jen Dato’ Mohamed Isa bin
Che Kak (B). I would like to take this opportunity
to extend special thanks and appreciate for their
many years of distinguished service rendered to
the Company. In addition to being the long service
directors, they have made significant invaluable
contributions to the Company during their tenure
of office and successfully directed LBS towards an
even brighter future.
In the past decades, LBS has proven that its
strategic positioning is successful, even in an
economically challenging environment. As has
been the case in the past, we will aggressively
pursue the path we have chosen. I look forward to
receiving your continued support.
DATO’ SERI LIM BOCK SENG
Chairman
20 May 2014
ANNUAL REPORT 2013
33

reVIeWof
operatIonS
Dear Valued Shareholders,
In 2013, Malaysia’s economy posted a growth
at a fastest pace of 5.1% in the fourth quarter
which was above expectations of 4.8%,
underpinned by the stronger manufacturing
and services sectors. Despite the prolonged
weakness in the external environment and
lacklustre recovery in global markets, the
Malaysia’s economy grew at 4.7% in year 2013
which is fuelled by the sound momentum
of private consumption and investment
supported by stable employment conditions
and sustained wage growth where the
property industry particularly in residential
sector generally remained encouraging in year
2013.
ANNUAL REPORT 2013
34

At the beginning of year 2013, sales had been
sluggish due to the uncertainties of the general
election date. Momentum has been picking up
after the election however it was subdued again
after the Government introduced a series of
property cooling measures under its Budget 2014,
this includes increasing Real Property Gain Tax,
raising threshold for foreign property purchasers
to RM1.0 million and the prohibition of Developer
Interest Bearing Scheme, with the aim of ensuring
a more stable and sustainable property market
where property prices moved in tandem with
economic fundamentals. The risks were mitigated
by Group’s competitive products featured with
affordability and its strategic location. The Group
achieved its total sales of RM621 million which
was mainly derived from its high-end residential
project D’ Island Residence in Puchong, medium-
cost projects such as Pearl Villa, Royal Ivory 2,
Royal Garden, BSP Skypark, I-Hub Puchong in
Bandar Saujana Putra, Brinchang Square, The Vines
and SomerSquare in Cameron Highlands and Min
Garden in Batu Pahat.
Despite of a more challenging environment,
overall 2013 was a fruitful year for LBS. The Group
has charted another milestone where the Group
has reap a huge Profit After Tax with ten-fold
jump hitting RM397.3 million, from RM39 million
last year, attributed to the disposal of its two
investments in China for a total consideration of
HKD1.65 billion and revenue growth from its core
property developments in Malaysia.
Revenue recorded at RM533.5 million in year 2013.
Profit after tax from ordinary operations increased
to RM49 million in 2013, up 25.6% from to RM39
million. The revenue growth was largely attributed
to smooth progress work of the Group’s on-
going projects in Bandar Saujana Putra, Puchong,
Cameron Highlands and Batu Pahat which were
underpinned by the rising demand for medium and
medium-high end properties.
Net asset per shares has increased to RM1.84
representing an increase of 57% as compared to
financial year 2012. Basic earnings per share surged
by to 96.1 sen from 9.6 sen last year while gearing
ratio has reduced by 46% from 0.81 times in 2012 to
0.44 times in year 2013.
MALAYSIA OPERATIONS
Property development activities continue to
spearhead the Group’s revenue contribution. In
2013 property development contributed 99% of
total revenue of the Group and it continues to be
the main stream of income for the Group.
As at end of year 2013, the Group has 18 on-going
projects out of which 7 were launched during
the year. In 2013, 1610 units of various properties
with total value of RM829.3 million have been
completed and handed over vacant possession to
the purchasers.
reVIeWof
operatIonS
The Group
achieved its total
sales of RM621
million which was
mainly derived
from its high-
end residential
project D’ Island
Residence in
Puchong
ANNUAL REPORT 2013
35

Klang Valley
2013 saw the completion of the first project in LBS’
award-winning high-end development for island
resort waterfront living D’ Island Residence where
122 units of three-storey superlink homes Apicalia
had successfully delivered to the purchasers. At the
end of the year, 42 units of bungalow lots and 28
units of three-storey semi-detached homes Balvia
were also handed over the vacant possession to
the purchasers.
Bandar Saujana Putra (BSP) continued to be
the main contributor for the sales and revenue
of the Group for the year 2013. BSP Skypark,
the first service residences in BSP with modern
facilities was launched in early 2013. It comprises
2 towers of 24-storey building with 689 units of
serviced residences and 32 shop units with gross
development value (GDV) of approximately
RM330 million. Set as affordable price range from
RM400,000 to RM650,000 per unit with built-
up area from 1,004 sq. ft. for residential unit and
RM770,000 for shop unit with built-up area from
1,200 sq. ft., BSP Skypark has received 80% take-up
rate as at todate.
Next launch in BSP would be BSP 21, a 10-block high
rise residential project on a piece of 21-acre land
next to the main road of BSP. With estimated total
GDV of RM1.2 billion, this project is targeted to
push out in the second half of 2014 for the medium
income group with initial estimated selling price
from RM450,000.
Besides, we are also in the midst of planning
a new project for launch at Puchong in 2014.
This new development project is located in the
vicinity of the vibrant town of Puchong. It is about
48 km to the south-west of Kuala Lumpur City
Center. Accessibilities are from Jalan Puchong,
Shah Alam Expressway, Lebuhraya Damansara-
Puchong and the South Klang Valley Expressway.
With estimated total GDV of RM301.2 million, this
project comprises 871 residential units targeted to
the medium-high income group. The first phase of
this project comprises 224 units of double-storey
cluster link homes and 14 units of double-storey
semi-detached homes with total GDV of RM140
million is expected to be unveiled in the second
half of 2014.
Cameron Highlands
Launched in October 2012, SomerSquare I & II of
Cameron Golden Hills continued to receive good
response in the year 2013 of which about 72% has
been duly sold as at todate. SomerSquare I & II
comprise 192 shops and residential apartments.
It is the first two blocks of the six-block shop and
residential apartment project under the Cameron
Golden Hills, located in between two well-
developed centres, Tanah Rata and Brinchang.
Following the encouraging take up rate in
SomerSquare I & II, we launched the first block
of Barrington Square in August and the second
block in November 2013. Comprising 3 blocks of
seven-and-a-half-storey shop apartment with total
381 apartments and 36 shops, Barrington Square
is targeted at medium income group and young
entrepreneurs.
OVERSEAS
OPERATIONS
total sale
consideration of
HKD1.65 billion
reVIeWof
operatIonS
ANNUAL REPORT 2013
36

The apartment units have a built up area ranging
from 581 sq. ft. to 1,345 sq. ft. Incorporated with
English Tudor inspired architecture, Barrington
Square offers three designs namely, studio
unit which is one-room apartment priced from
RM332,800, typical offering two-rooms priced from
RM401,800 and penthouse which offers two to
three rooms priced from RM532,800. Meanwhile,
the shop units located on the lower level of each
block, have a built-up area from 1,001 sq. ft. and are
priced attractively from RM750,800.
Noteworthy features of Barrington Square include
a roof top garden on the seventh floor. Offering a
common area for residents to unwind, the garden
features a reflexology path surrounded by greenery
which blends in with the lush environment.
Subsequent phase of Barrington Square has been
launched in March 2014. The premium three-
storey semi-detached residence Barrington
Homes was unveiled in April 2014 in conjunction
with the official opening of LBS signature sales
office in Brinchang. With a five bedroom and
seven bathroom layout, these English Tudor-styled
homes feature spacious living areas with double
volume ceiling height at the dining area within a
guarded community. With a layout size of 4,385
sq. ft. and priced from RM1.7 million, Barrington
Homes is due for completion in 2016.
In the second half of 2014, Cameron Golden Hills
will see the launch of 90 units of three-storey and
four-storey town houses. With total GDV of about
RM57 million, this type of residence is new in the
highlands. Planned with initial selling price at
affordable level, this landed residential project is
expected to receive good response.
Bandar Putra Indah
Rounding off the year was the official launch
of the Magma Garden in Bandar Putera Indah,
Batu Pahat. The launch ceremony was officiated
by Johor Menteri besar, Datuk Seri Mohamed
Khaled Nordin. Magma Garden comprises 1,658
sigle-storey terrace homes priced affordably at
RM150,000. The first phase comprising 612 units
which are opened for sale, has a gross built-up area
of 1,022 sq. ft. with each unit situated on a 20 ft. by
65 ft. land area. Phase 2 and 3 comprising 804 units
of the same size are in the pipeline for launches.
The remaining 242 units with smaller land size are
planned to be launched in year 2015.
Emerald Garden is also single-storey terrace home
but it comes with larger built-up of 1,519 sq. ft. A
total of 166 units with total GDV of RM43 million
were launched in June 2013 with total take-up rate
of 92% as at today.
In early 2014, 42 units double-storey terrace
homes with land area 22 ft. by 75 ft. Ivory Garden
was launched in March 2014 with total GDV of
RM16.2 million. Priced from RM388,000, a total of
36% have been duly sold as at today.
we will continue to
manage and evaluate
the development of
all our projects caters
to different potential
market segments
from affordable,
mid to high-end
developments.
reVIeWof
operatIonS
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reVIeWof
operatIonS
In the years to come, more projects under Bandar
Putera Indah will be introduced to the public to
cater the increasing demand both in residential and
commercial units in the affordable and medium
price segment.
Kuantan
Sinaran Mahkota, a new development project
launched by LBS in January 2014 is strategically
located in the township of Bandar Indera Mahkota
tapping into the growing potential of the Malaysia-
China Kuantan Industrial Park. The development
comprises 2 & 3 storey shop office, retail units,
and service apartments. Phase 1 of the project
comprises 121 units of 2 & 3 storey shop office with
total GDV 109 million has received take-out rate of
32% since its launch in January 2014.
OVERSEAS OPERATIONS
Zhuhai International Circuit
After the disposal of investments in China, LBS
had in October acquired 60% interest of Zhuhai
International Circuit (ZIC) via exercising the
option to acquire the entire interest of Lamdeal
Investment Limited for total consideration of
USD1.00 only.
ZIC is a prestigious car racing site of international
recognition visited by many from around the world.
ZIC was the first permanent motor racing circuit
built in China. Completed in November 1996 to
host China’s first international motor race event,
the 4.3 km long circuit has since become a hub for
Motorsports enthusiasts from all over the world.
Built to exacting international standards and
approved by the FIA (Federation Internationale
DeL’Automobile), the race track offers challenging
corners for spectacular overtaking maneuvers to
world class drivers.
Despite the gestation period for this business is
long, in view of its potential opportunity for the
Group to venture into property development, we
consider it to be viable long-term investment that
would contribute significantly towards enhancing
value to shareholders in the future.
Zhuhai Holdings Investment Group Limited
(Zhuhai Holdings)
The disposal of investment in China has emerged
LBS to be the second largest shareholder in Zhuhai
Holdings.
For the financial year ended 31 December 2013,
revenue of Zhuhai Holdings recorded HK$1,107.8
million, representing an increase of about 14.5%
as compared to approximately HK$967.5 million
(restated) of last year. Profit for the year recorded
at HK$250.8 million, comparing to HK$118.6 million
(restated) for last year. Basic earnings per share
for the year 2013 were HK17.23 cents as compared
to HK6.18 cents last year. With the commendable
results, Zhuhai Holdings recommends final
dividend of HK$2 cents and special dividend of
HK$1 cent for financial year 2013 to be paid in June
after the approval of shareholders. Accordingly,
this would bring dividend income of about HK6.8
million to LBS in the financial year 2014.
As for the 197-acre development project in
Lakewood Golf Club, preliminary works such
as planning and construction design were
commenced in December 2013. Phase 1 of the
project is targeted to be launched at the end of the
year. Planned to attract high net worth customers,
this project was developed with collaboration with
Greentown Construction Management Company
Limited, a renowned property developer in China.
The Group will
stay focus and
nimble to seize
opportunities
and achieve
sustainable
growth
and value
for all our
stakeholders.
ANNUAL REPORT 2013
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reVIeWof
operatIonS
2014 OUTLOOK AND GROUP PROSPECTS
As I pen these thoughts, we have already seen
Malaysian economy advanced 6.2 percent year-
on-year in the first quarter of 2014 driven by
resilient domestic demand and stronger export.
Global economy is anticipated to pick up this year
however as we could see in the first 4 months,
it is continuing with its slow pace, creating both
opportunities and challenges as it does so.
In responding to the challenging market
environment, the Group is currently in its planning
stage for the launch of Centrum in Cameron
Highland, an integrated township development on
a piece of 98-acre land in heart of Brinchang with
estimated GDV of RM2.7 billion and the BSP 21 in
BSP.
In reaping the opportunities in the changing
economy development, we see the vast inherent
potential in other growth cities which we have
already embarked on the replenishment strategy
for our land bank after the completion of the
disposal of investment in China. I was glad to note
that in the past 4 months, we have successfully
seized 4 projects with estimated total GDV of
RM3.6 billion into our landbank:
• Joint venture property development project
on a piece of 5.35-acre land in Gohtong Jaya,
Pahang with estimated GDV of RM370 million;
• Two parcels of lands measuring 4.32 acres
acquired through tender from Employee
Provident Fund for a total consideration of
RM71.8 million. These lands are adjacent to the
1.18 acres of land acquired in 2013 located in the
Center Business District, Zone A of Iskandar
Malaysia, Johor, making these three parcels of
lands a 5.5-acre land that brings to greater GDV
of RM2.0 billion.
• One parcel of 6.25-acre land in Kota Kinabalu,
Sabah for a total consideration of RM72.5
million with estimated GDV of RM450 million.
• Joint venture project in three parcels of lands
measuring 10.6 acres in Tampoi, Johor for an
estimated GDV of RM815 million.
The realignment of corporate focus to its
homeland will in essence enable us to enhance and
concentrate the source of income synergistically
and thus provide better return on investment to
our stakeholders. Applying the prudent manner
and mitigating risks would continue to the leading
approach in executing this strategy.
Moving forward, we will continue to manage
and evaluate the development of all our projects
caters to different potential market segments
from affordable, mid to high-end developments.
We would continue in re-strategizing LBS business
model, revamping products and marketing
strategies in turning or shaping its vision to be an
international recognised developer, building and
inspiringdelightfulspacesthatenhancecommunity
living into reality through building inspiring living
spaces and sustainable communities.
APPRECIATION
Although 2014 may be challenging, the Group’s
core values of passion, unity and progressive
innovation, coupled with teamwork, resilience and
an unflinching commitment towards excellence
will drive LBS through the uncertain environment.
The Group will stay focus and nimble to seize
opportunities and achieve sustainable growth and
value for all our stakeholders.
I would like to express my fellow directors
for invaluable counsel and guidance. To the
management and staff, thank you for your hard
work and dedication in building LBS to what it
is today. At the same time, I would also like to
thank all our business partners for their continued
support and trust over the years.
DATO’ SRI LIM HOCK SAN
Managing Director
25 May 2014
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ANNUAL REPORT 2013
040
providing
knowledge
that shapes
solutions
One man’s Vision in the 1980’s has
spawn a company that acknowledges
the need to providing continual
innovation, pushing boundaries and
exploring ways to providing better
lifestyle solutions and more holistic way
of developing communities.

ANNUAL REPORT 2013
041

风情岛屿魅力之都
Islandretreat urban Charm
portfoLIo
2013
A carefully-planned featured with wide range
of outdoor facilities include a nature-themed
jogging track, an outdoor gym and exercise
area, contemporary children’ playground as well
as a club house features first-class leisure and
recreational facilities for adults and children such
as swimming pool, gymnasium, sauna, lounge
and activity centre ensure residents benefit from
active outdoor recreations. Lush greenery, blue
water, fresh air and excellent recreational facilities
make a perfect combination for promoting healthy
and vitality life style. All these are planned along
with a 3-tier security system to ensure residents
can engage in various facilities or activities with
total peace of mind. With aim of offering an active,
family-oriented environment, its landscaping has
been upraded to offer an ideal place to spend
quality time with family and loved ones and to
rediscover the pleasurabel experience.
The residents of D’ Island Residence are enjoying
the exclusive sunrise and sunset views right in
the island. The latest launch of Nautilus (three-
D’ Island Residence is an island
paradise with 175-acres of land
surrounded by 1,000 acres of
scenic lake with a small piece of
land connecting to the mainland.
This island-theme development in
Puchong will be transformed into a
truly remarkable and exclusive mixed-
residential neighbourhood, a unique
of its kind – exclusive island living
right in the heart of the city. D’ Island
Residence, luxury homes to a natural
lifestyle with total peace of mind at an
exclusive green home in hub.
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portfoLIo
2013
storey superlink homes) come with the clean lines
and sleek surfaces promote a spacious interior in
each home which is further accentuated with an
expansive indoor atrium allowing natural light to
illuminating indoor areas. Apart from its energy-
saving benefits, the natural lighting promotes a
cosy atmosphere within the home where the latest
environmental friendly system like Rainwater
Harvesting System is also incorporated into
latest D’ Island Residence projects. A private roof
garden serves as a natural extension into the
great outdoors, overlooking spectacular views
of the development’s beautifully landscaped
surroundings. Nautilus and Balvia (three-storey
semi-detached homes) are also equipped with
a private in-house lift which further enhances a
sense of luxury.
D' Island residence
estimated to have
tenure of five to
seven years with total
Gross Development
Value (“GDV”) of
rM3 billion.
ANNUAL REPORT 2013
43

D’ Island Residence is divided into five zones
namely North Coast-Mediterranean, East
Coast-Bali, South Coast-Thailand, West Coast-
Scandinavian, and Northwest Coast-Venice with
residential segment comprising bungalows,
semi-detached homes, luxury superlinks and
super condominium. In this unique island, we
promote a resort-lifestyle complete with modern
conveniences and going green concept that is
more sustainable and eco-conscious toward
environment. D’ Island Residence estimated
to have tenure of five to seven years with total
Gross Development Value (“GDV”) of RM3 billion.
Phases launched in the previous years closed
strongly with sale value of RM43.5 million.
portfoLIo
2013
Its remarkable and exceptional landscaping,
concepts and designs were reflected in the awards
garnered in year 2013:-
- D’ Island Residence - The “Best Urban Scenic
Development” by the Malaysian Reserve
during the Property Press Awards 2013 and
“Highly Commended : Development Marketing
Malaysia” during the Asia Pacific Property
Awards (“APPA”) 2013;
- D’ Island Balvia - “5 Stars Award Best Interior
Design Show Home for Malaysia” by APPA
2013; and
- D’ Island Apicalia - “Highly Commended :
Development Multiple Units for Malaysia” by
APPA 2013.
This unique island resort-style development is
well connected to several highways such as the
Damansara-Puchong Expressway (LDP), the Shah
Alam Expressway (KESAS) and Maju Expressway
(MEX). Nearby amenities include Tesco
Hypermarket, IOI Mall and Giant Hypermarket,
which are less than 15 minutes’ drive away.
Phases launched in
the previous years
closed strongly
with sale value of
rM43.5 million.
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portfoLIo
2013
BSP is an up-and coming integrated township
with approximately 7,400 homes completed and
delivered to purchasers todate and currently 1,670
homes are being developed as various stage of
construction progress. The extent of variety in
the residential units will ensure that people from
a wide range of income group and lifestyle will be
equally accommodated. BSP boasts a seamless
integration between the community by developing
recreational parks, sporting facilities, surau and
shops.
Superb Connectivity
This flagship project is strategically located within
close proximity of the developing education hub,
medical centres, police station and petrol station.
Located about 30 kilometres South East of Kuala
LumpurCityCentre,BSPisstrategicallyclosetothe
major suburbs of Klang Valley, yet secluded enough
to provide a haven of serenity. The township is
BANDAR SAUjANA PUTRA (BSP)
offers an environment designed for
families to be nurtured; community
to be celebrated and lifelong
memories to be made. It has been
designed down to the minutest
details as a unique and entirely self-
contained township, based on the
ideal of individual neighbourghoods
connected by a landscape boulevard,
and set in over 40 acres of open green
space.
ANNUAL REPORT 2013
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portfoLIo
2013
also easily accessible and conveniently connected
via major expressways including the LDP, ELITE,
Shah Alam, KESAS, SKVE and Maju Expressway
(MEX), it is within minutes’ drive of Petaling Jaya,
Sunway, USJ, Subang Jaya, Seri Kembangan, Shah
Alam, Cyberjaya and Putrajaya. This strategically
located and self-contained township further aims
to nurture lifelong memories, by providing a
conducive living environment for families of today
and that of the future.
The phenomenal connection through highways
to Putrajaya, the Malaysia Government
administrative centre and also where the Putrajaya
International Convention Centre resides;
The self-
contained BSp
township is
expected to be
completed in 7
to 10 years and
has an estimated
GDV of rM6.8
billion.
Cyberjaya, the country’s first intelligent city with
world class IT infrastructure and the Multimedia
Development Corporation or MDeC headquarter;
KLIA, one of Southeast Asia’s major aviation hubs;
Sepang International Circuit, the Malaysian
Grand PRIX and other nearby townships such
as Taipan USJ, Putra Heights, Sunway, Puchong
etc has further enhanced the integrity for the
development of BSP.
Another convenient and fast alternative mode of
transportation will be available at Putra Heights,
the nearby township will be connected by 2
proposed LRT extensions and Putra Heights station
will serve as an interchange station between the
Kelana Jaya extension and the Ampang extension.
The Company is planning for the proposed shuttle-
bus initiative in connecting the communities in
BSP with the nearest LRT or bus station.
Comprehensive Development
BSP has contributed significantly towards the
creation of self-contained township under the
government blueprint paradigm which supports
well the extensive demand of property in Klang
Valley. As planned, BSP is moving towards a
mixed development township that will comprise
residential, commercial, education and leisure hub.
With the abundance of great interlinking systems
and proximity to numerous cities, BSP is expected
to propel to become another pulsating town in the
vicinity.
BSP is equipped with amenities and utilities
well required to live an urban life. The Giant
hypermarket is just mere kilometers away from
the town. Communities’ well-being is a great
matter to us. From restaurants, coffee joints, parks,
football field, gardens, to police station, surau and
school, the up and coming facilities and amenities
are envisioned to make the life in BSP enjoyable,
pleasant and ease of mind. The self-contained BSP
township is expected to be completed in 7 to 10
years and has an estimated GDV of RM6.1 billion.
ANNUAL REPORT 2013
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portfoLIo
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Occupancy
The occupancy rate for BSP has achieved more
than 80% witnessing the tremendous growth of
the township since its first launch in 2003 and we
are upbeat about that the number of occupancy
could be further augmented owing to its strategic
location and the pulsating of neighbourhood.
Potential Value
With the full support of the Malaysia Government,
the Multimedia Super Corridor (MSC) was
designed to leap-frog the country into the
information and knowledge age. It will become
one of the cornerstones to drive Malaysia towards
a high-income economy within the next 6 years
and is expected to contribute 10.2% to the nation’s
gross domestic product by 2015. These catalysts
will, in turn, is expected to provide up to 83,000
job opportunities and thus, project a strong
confidence on the growth prospect in BSP which
is strategically located in the vicinity of MSC zone.
Mahsa University’s new campus and Citi-Link
Express’ expansion of logistics warehousing
operation both are located in the vicinity of
BSP is expected to enhance the vibrancy of the
township and transforming potential value on
investment as Mahsa University Campus (MUC)
can accommodate about 15,000 students in its
faculties and Citi-Link Express’ new hub would
draw around 530 employees.
New Launch
During the year, BSP has welcomed its first high-
rise development named as BSP Skypark. Soars
24 storeys up, featuring two service residential
towers and a shopping pavilion which comprises
689 units of serviced residences and 32 shop units,
this project is well catered for first homebuyers,
young families, and investors. Having affordable
pricing, quality homes, ample conveniences and
superb connectivity, BSP Skypark is expected to be
a bold indication to the future growth of the BSP
Township. This project has a total GDV of RM330
million and is targeted for completion in early 2016.
This project
has a total
GDV of
rM330
million and
is targeted for
completion in
early 2016.
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portfoLIo
2013
Cameron Golden Hills
This is the place for those who
are looking for the ideal country
getaway. The township with its
tagline, “The Way Life Should Be”
is offering a wholesome lifestyle
with the 59-acres of land sets 5,000
feet above sea level in a tranquil set
amidst nature’s own gift of green
comfort between Brinchang and
Tanah Rata of Cameron Highlands,
Pahang. Cameron Golden Hills
is approximately 4 km north of
Tanah Rata town and 2 km south of
Brinchang town.
Cameron Highlands.
The way life should be.
In creating the concept for Cameron Golden
Hills, we set out to preserve the lush and peaceful
ambience of this culture rich highland, recapturing
the prestige and cachet for this strategic located
highland. Residents will mesmerized by its charms
surrounding each home and greeted to limitless
fresh cool air and clear blue sky spotted with lovely
white clouds.
With its unique natural green scenery and cooling
climate, Cameron Highlands has evolved from a
traditional farming economy into a famous tourist
destination in Malaysia. To tap on this changing
economic trend, this mixed development project
has included in its upcoming plan property types
thatareforhospitalityindustry,thisincludesarcade
market and shop apartments. Cameron Golden
Hills which has a total GDV of approximately
RM776 million is offering holiday apartments,
ANNUAL REPORT 2013
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portfoLIo
2013
double storey terrace and semi-detached homes,
villas, bungalow lots, commercial developments
and hotels, would be strategized on high quality
and exclusive designs.
The Vines comprising 153 units of double storey
terrace homes have been completed and handed
over the vacant possession to the purchasers
during the year 2013.
SomerSquare consists of six-blocks of shop
apartments with total GDV of approximately
RM253 million is a newest development located in
Cameron Golden Hills. The first 2 blocks namely
SomerSquare I and SomerSquare II consist of
192 units of shop apartments were launched in
October 2012 and are scheduled for completion by
year 2015.
During the year, the Group took the opportunity
to unveil Barrington Square, a three-block shop
apartment forming an extension of SomerSquare.
With a GDV of RM184 million comprising 381
apartmentunitsand36shopunits,thedevelopment
is set to offer an ideal getaway experience for
homebuyers in the cool hills of Malaysia’s popular
holiday destination. It is scheduled to be completed
by 2016.
Launched of Barrington Homes, 50 units three-
storey semi-detached homes are in the pipeline in
year 2014 with total GDV of RM89 million.
Taman Royal Lily
Taman Royal Lily is strategically located at Tanah
Rata town centre of Cameron Highlands. The cool
and fresh air in the highlands offers an attractive
retreat for city dwellers who want temporary
respite from the noise and pollution of the city.
44 units of 5-storey apartments known as Suriana
Shop Apartment was launched in March 2013 with
total GDV of RM21.5 million.
We set out to preserve
the lush and peaceful
ambience of this
culture rich highland,
recapturing the prestige
and cachet for this
strategic located
highland.
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It is strategically located just 7km from Batu Pahat
town center and 25km from yong Peng toll, with
easy access to the North-South Highway. Batu
Pahat is 239 km from Kuala Lumpur. The next
nearest town is Muar which is 50 km northwest of
Batu Pahat whereas Kluang is located about 52 km
to the northeast. Johor Baru is located about 70km
to the southeast of the town. Growth in small and
LBS southern project - Bandar Putera Indah is a 1,288
acres fully integrated township, which comprises
more than 11,000 units of mixed development of
residential and commercial units with amenities
such as proposed shopping complex and office
tower offering various choices of entertainment
such as hypermarket, restaurants and food
courts, there are also proposed schools to provide
education for the children. The township also
includes proposed sports and recreational center
providing a place of relaxation for the residents.
medium industries such as textiles, garments and
electronics helped to boost development, and
Batu Pahat was upgraded to town status (Majlis
Perbandaran) in 2001, alongside Muar, Kluang and
Skudai.
As of today, 828 units of properties have been
handed over to purchasers. Launch of 76 units of
single-storey semi-detached houses named as Min
Garden with GDV of RM19.6 million received very
encouraging response in Bandar Putera Indah with
sales achieved at 100%.
778 units of single storey terrace house known
as Magma Garden and Emerald Garden were
launched in year 2013 with total GDV of RM138
million. Both projects are made affordable for the
middle-income Malaysian to own a dream house
in this growing city. The township would see the
launch of another double storey terrace house
project known as Ivory Garden with GDV of RM83
million in early year 2014.
With the recent announcement made on the
proposed Kuala Lumpur-Singapore high speed
super rail project which will be having an
interchange station at Batu Pahat, the locality of
Bandar Putera Indah will be more attractive.
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The Lake Residence is strategically
located in the thriving and robust
Puchong, USJ and Subang Jaya
Corridor. The township is well
connected to the main interchange
of Damansara-Puchong Highway
and also easily accessible from
ELITE Highway linked by the
Approved Cloveleaft Interchange-
Putrajaya in near future.
Situated next to the D’ Island Residence, The Lake
Residence is also enjoying the cooling breeze and
stunning view of the lake. Its close proximity to
the various amenities in Puchong town makes the
location strategic as one highly sought after in the
vicinity.
This project comprises a total of 299 units of
townhouse with total GDV of RM101.8 million
received overwhelming responses which has been
fully sold out within short period. It is targeted to
be delivered in year 2014.
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ANNUAL REPORT 2013
052
protecting
what matters
most
Your future! With each
development we undertake,
our master plans are not
just for the present. Rather
they consider the future;
future generations, future
innovations or future trends.
For us at LBS home is
something that passes on for
generations to come.

ANNUAL REPORT 2013
053

Given the Group’s clear vision “To be an
internationally recognised developer,
building and inspiring delightful spaces
that enhance community living.” which is
supported by our mission “To consistently
deliver exceptional performance through
progressive creations, realising value to all
stakeholders and enriching communities at
large.”, we are always mindful the tenets
of corporate social responsibility and this
has been incorporated as an integral part of
our business philosophy in our journey to
attaining sustainability and it is essential
for our group to preserve that a business
should strike a balance between maximizing
shareholder's value and fulfilling the
social responsibility by considering the
environment, social, and governance (ESG)
principles in order to achieve sustainability
development.
Corporate SoCIaL
reSponSIBILItY
ANNUAL REPORT 2013
54

Corporate SoCIaL
reSponSIBILItY
ANNUAL REPORT 2013
55

GREEN WORLD
The Group is proud to be part of the green
bandwagon and recognizes the importance
of preserving the natural environment while
committing to achieving good standards of
environmental performance, preventing pollution
and eliminate wastage generate from operations.
As such, we make concerted efforts in protecting
environment through ensuring our activities and
policies are being implemented goes beyond
merely complying the requirements of legislation
and applicable best practice.
As the responsible property developer, we
embrace the importance of preserving green
environment and continue to undertake
numerous operational processes and measures
that set out to reduce the adverse impact of our
projects activities on the environment through
the various means on numerous areas, including:-
- Managing our construction site.
- Ensure all operations and activities comply
with environmental protection regulation.
- Disseminating guidelines set on 3Rs (Reuse,
Recycle and Reduce).
- Policy set for efficient usage of water,
electricity and paper arising from our daily
activities.
Corporate SoCIaL
reSponSIBILItY
We make concerted
efforts in protecting
environment
through ensuring
our activities and
policies are being
implemented goes
beyond merely
complying the
requirements of
legislation and
applicable best
practice.
ANNUAL REPORT 2013
56

ECO ELEMENTS
In response to the global environmental
conservation responsibility, the Company looks
toward inputting green elements in its projects.
D’ Island Residence is the first project
incorporatedwiththelatestRainwaterHarvesting
system that harvest the water from the roof for
the usage of landscape watering, toilet flushing
and car washing. On average, a household
can save up to 15%-20% of water based on the
designed rainwater usage. It is estimated to save
up to 100,000 liters of water per household per
year. Our projects in D’ Island Residence have
also featured more environmentally friendly and
energy efficient systems like LED street lights,
solar panel and these would apply on other
projects in the near future.
EARTH HOUR
Our CSR programmes initiatives and efforts
to preserve the environment and inculcate the
eco-awareness since year 2009 through actively
participating in Earth Hour to ensure efficient
power usage and reduce energy wastage and
initiating various “Go Green” Projects.
Corporate SoCIaL
reSponSIBILItY
Excellent
workforce
is having the
strong base
towards
success.
ECOKNIGHTS
Inyear2013,theGrouphadsignedaMemorandum
of Understanding with EcoKnights, a non-profit
environmental organisation with the objective
of developing and cultivating the knowledge
and skill of Malaysian youths in the field of
sustainable architecture where the Group will
serve as main sponsor to provide financial
support to the Green Space category of the
Anugerah Hijau (Green Awards in designing
sustainable recreational living spaces in a
township) competition over a period of three
years. The winning designs stand a chance of
being featured in the Group’s township.
NURTURE THE TALENTS
Having excellent workforce is having the
strong base towards success. Thus the Group is
committed to nurturing talents by continuously
providing its employees with the necessary skill
and aptitude development through training and
development programmes.
GROWING FUTURE LEADERS
During the year, series of training courses
including “The Leading Manager” and
“Developing Middle Management for
Breakthrough Results” were tailored made for
middle management staff aiming to hone the
leadership skills and management knowledge.
Area of training includes management, team
building, communication and presentation skills,
corporate mindset cultivation and innovative
thinking.
ANNUAL REPORT 2013
57

Corporate SoCIaL
reSponSIBILItY
In addition, employees were encouraged to
attend seminars, talks, course and job-related
skills organised by professional institutions or
arranged in-house jointly with professionals with
subjects tailored to sharpen technical skills that
are job related.
DEVELOPING HUMAN CAPITAL
Talent development is also part of LBS’
commitment towards nurturing human capital
for our society. In ensuring university and
college students remained relevant in the rapid
changing job market, LBS internship program
provides the students opportunities to gain
meaningful professional and educational
enrichment experiences through working in the
organisation. During the year, 7 students from
University of Loughborough and Liverpool John
Moores University, UK have participated in the
program and they were seconded to the Project
Department and Construction Department.
BUILDING CHANNEL FOR COMMUNICATION
AND INTERACTION
The Group communicates with its employees
through its quarterly magazine Journey to
the LBS, intranet and emails. The Internal
Communication which was held twice yearly
to allow all staff from different ranks and
subsidiaries to have chance to interact with each
other and understand the latest management
strategies and corporate development.
New employees would be arranged to undergo
orientation programme to familiarize them with
LBS’ corporate culture and ethics, and participate
in the dialogue sessions held by the Executive
Directors and Senior Management Team.
LBS internship
program provides
the students
opportunities to
gain meaningful
professional
and educational
enrichment
experiences.
ANNUAL REPORT 2013
58

Corporate SoCIaL
reSponSIBILItY
The Group recognises the importance of non-
work related activities amongst colleagues. In
celebration of annual successful performance, an
exclusive annual dinner with themed “Bold and
Beautiful” was held during the year to appreciate
the great efforts contributed by stakeholders,
business partners as well as management and
staff.
To foster interaction amongst employees
and build-up strong team spirit, LBSclub was
delegated with the responsibilities to organise
various activities in achieving these objectives.
With initiatives from LBSclub, various activities
have been carried out during the year 2013, these
include monthly staff birthday celebration, LBS
Sports Day-4th Bowling Tournament, “Angpow
For Everyone”, “My Special Valentine”, “Fantasy
Eggs’ Deco Contest”, “Mummy Dearest Photo
Contest”, “Best Baju Raya Contest”, “My Malaysian
Keychain Contest”, “My Most Creative Wall”,
“Origami Crane Contest”, “Design a Christmas
Stocking Contest” and LBS 2nd Treasure Hunt.
MOTIVATING AND RETAINING TALENTS
LBS motivates and reward employees with
comprehensive and competitive benefits
programmes including short-term cash bonus and
long-termequitybasedrewardingplan.Employees
Share Option Scheme is an attractive long-term
incentive offered to employees to provide them
with a personal stake in the Company. Employees
are also entitled to participate in the property
purchase discount scheme of the Group.
LBS continued
to provide
support and
participate in
community
development.
CONTRIBUTING TOWARDS BETTER SOCIETY
LBS’ tradition and philosophy of community
involvement date back to the founder of the
Company, Dato’ Seri Lim Bock Seng, who strongly
adhered to the traditional Chinese belief “取诸社
会用诸社会” which means “what is taken from
the community is to be used for the good of the
community”.
We continue to support borderless charitable
initiatives through variety social contributions
to help the needs of communities. Philanthropy
or donations to charitable causes has been one
of the corporate social events carried out by
the Group annually. This year was no exception
as the Group continued to provide support and
participate in community development, the
Group made donations to welfare and charity
organisations, religion organisations and schools.
For the seventh consecutive year, LBS has
participated as one of the main sponsors for
Kiwanis Treasure Hunt. This charity event was in
aid of the Kiwanis Down Syndrome Foundation
– National Centre, The Community Centre for
the Deaf, Ti-Ratana House of Hope, Rumah
Wawasan, Sitiawan, Joy Workshop, Melaka and
Kiwanis Orphanage, Batu Pahat organised by The
Kiwanis Club of Kuala Lumpur (KCKL). The Group
has also encouraged employee volunteerism in
non-government organisation. During the year,
LBS has volunteered its services to take part in
a Charity Food & Funfair organized by Kiwanis
Down Syndrome Foundation National Centre.
ANNUAL REPORT 2013
59

We also sponsored, in second consecutive year,
The Star’s new education pullout – Steps up
programme to improve and promote the English
Language skills among pupils of Chinese schools
in year Four, Five and Six.
During the year, LBS has also participated and
sponsored for other fund raising events, these
include, among others:-
- Sponsored to Taman Pengasih Sultan Haji
Ahmad Shah, an orphanage home to facilitate
its management cost;
- Supported Sukaneka Perdana, a series of sport
activities which organized by Surau Alhidayah,
Bandar Suajana Putra;
- Contributed to an eye campaign, Retinal
DiseasesAwarenessWeek,whichwaslaunched
by The Malaysian Society of Ophthalmology
to improve awareness on age-related macular
degeneration and diabetic retinopathy;
- Participated The Edge-Bursa Malaysia Kuala
Lumpur Rat Race 2013 to raise fund for 28
charitable organisations;
- Donated to SJK (C) Sungai Way for upgrading
its basketball court;
- During the Chinese New year Festivities cash
donations, foods, drinks were distributed to
students and senior citizens.
LBS continues
with its effort
to help those
in the middle
income group to
own their dream
homes easier and
simpler.
Corporate SoCIaL
reSponSIBILItY
ANNUAL REPORT 2013
60

ENHANCE COMMUNITY LIVING
To do a little more for our township, a Community
Carnival was held in Bandar Saujana Putra with
aims to engage BSP community, to increase
dialogue and encourage understanding of
one another among diverse residents of our
community. LBS has also organized a “Gotong
Royong” in Bandar Saujana Putra to promote
the spirit of cooperation among residents and
inculcate the eco-awareness.
The Group continues with its effort to help
those in the middle income group to own their
dream homes easier and simpler. LBS takes
initiatives in building medium cost homes for
purchasers from medium income group at many
of its mixed development projects such as in
Cameron Highlands, Bandar Saujana Putra,
The Lake Residence and Bandar Putera Indah in
supporting the Government’s effort to increase
home ownership among Malaysians. During the
year 2013, LBS has launched its affordable homes
Magma Garden comprises 1,658 single-storey
terrace homes priced affordably from RM150,000
with gross built-up area of 1,022 sq. ft. The launch
ceremony was officiated by Johor Menteri Besar,
Datuk Seri Mohamed Khaled Nordin in Badar
Putera Indah, Batu Pahat.
Besides, a Quality Management System, ISO-
9001:2008 for Provision of Engineering and
Construction Works, has been established and
implemented to enhance delivery of quality,
reliable, healthy, safe and environmental friendly
products and services to the community.
CSR IN OVERSEAS OPERATIONS
“Take Up Social Responsibility
Courageously, Build Green Environment
Together” is the operation direction of
Zhuhai International Circuit Ltd.
FOSTERING OPEN MARKET PLACE
The Group recognises the importance of building
and maintaining positive relationships with its
customers, suppliers and contractors.
To ours customers, the Group continues to
maintain an open communication with its
purchasers via Customer Care Center, email at
cs@lbs.com.my or Company’s Facebook account @
www.facebook.com/lbsbinagroup. Immediate
reply and/or action would be taken for enquires
or complaints received so as to ensure customers’
satisfaction.
To our suppliers, the Group has set out standards
and ethics by which the business is conducted. It
ensures that there is no bias and all suppliers will
be treated fairly without prejudice. The Group
values and derives considerable and competitive
advantage from active cooperation with its
established suppliers in terms of innovation and
product development.
To our contractors, tenders procedures have been
made clear to them so as the award of contracts
are done in a fair and just manner. For better
understanding of the Group’s performance and
growth, the interested parties may access to
information through the Group’s website at www.
lbs.com.my or news released from time to time.
During the year, we have organized “爱心协会现
场义卖”, a joint initiative fund raising program
with Charity Promotion Association of Zhuhai
with mission to provide aids and supports to all
charitable services, among others funding for the
poor student and single mother, during the Pan
Delta Race events.
Corporate SoCIaL
reSponSIBILItY
ANNUAL REPORT 2013
61

Corporate
CaLenDar
January 2013
Unveiled of LBS’s 2013 business
strategies during Media Briefing.
February 2013
Dato’ Sri Lim Hock San and Board
of Governors of SJK (C) Sungai Way,
PJ gave away angpow and mandarin
oranges to the students.
Senior citizen from Sungai Way
Old Folks Home receiving angpow
and mandarin oranges from LBS’s
Managing Director, Dato’ Sri Lim Hock
San.
A seminar on “Fraud Detection
& Prevention, A Necessity, Not A
Choice” attended by the directors and
management staff.
Official Launch of BSP Skypark, the
Group’s first high-rise project in
Bandar Saujana Putra.
“Gong Xi Fa Chai” from LBS in
conjunction with the Annual Internal
Communication Briefing.
LBS Media Appreciation Night with
the theme of “Chinese New year
Spring”.
1st Anniversary of LBSclub and
monthly staff birthday celebration
party.
ANNUAL REPORT 2013
62

Corporate
CaLenDar
March 2013
Signing of Memorandum of
Understanding (MOU) with
EcoKnights, a non-profit
environmental organisation for the
sponsorship of Green Space Category
of the Anugerah Hijau (Green Awards)
competition.
LBS being one of the main sponsors
for the 30th
Kiwanis Treasure Hunt.
Mej (K) Dato’ Sri Lim Hock Sing
presenting the mock cheque to His
Royal Highness Sultan Hj Ahmad Shah
for the donation to the orphanage
home Taman Pengasih Sultan Haji
Ahmad Shah Bandar Indera Mahkota
Kuantan, Pahang.
“Gotong Royong” programme jointly
organised by LBS with the Resident
Association of Bandar Saujana Putra,
Kuala Langat District Council (MDKL)
and Selangor Water Management
Authority (LUAS) in Bandar Saujana
Putra to inculcate eco-awareness
amongst the residents.
april 2013
Signing ceremony with Zhuhai
Holdings Investment Group Limited
for disposal of investment in China.
LBS sponsored and supported the
sport activities “Sukaneka Perdana”
organised by Surau Altlidayah, Bandar
Saujana Putra.
May 2013
Exclusive Investor Briefing by
Managing Director, Dato’ Sri Lim Hock
San and Executive Director, Mr Chia
Lok yuen to the analysts and bankers.
LBS sponsored The Star’s “Step Up
School Sponsorship Programme 2013”
for the second consecutive year.
ANNUAL REPORT 2013
63

Corporate
CaLenDar
august 2013
Completion ceremony between LBS
and Zhuhai Holding Investment
Limited for the disposal of investment
in China.
July 2013
LBS Gala Night 2013: Bold & Beautiful.
June 2013
LBS’s 13th Annual General Meeting.
Signing ceremony with representative
of Hotel Rasa Sayang Sdn Bhd for
the acquisition a plot of land in the
Iskandar region, Johor Bahru.
“Project 123” initiated by LBSclub
which involved selling of old
newspapers, foods and handicraft
contributed by staff for fund raising
in exchange of eco-friendly electrical
solutions donated to Sg. Way Old
Folks Home.
September 2013
LBS participates in the Kuala Lumpur
Rat Race organised by The Edge and
Bursa Malaysia.
Dato’ Sri Lim Hock San briefed the
media on the Dual Dividend Policies
at Hotel Hilton Kuala Lumpur.
LBS taking part in the Kiwanis 2013
Charity Food and FunFair.
october 2013
Anugerah Hijau Award Presentation:
LBS being the main sponsor for Green
Space category.
ANNUAL REPORT 2013
64

Corporate
CaLenDar
LBS’s 2nd Treasure Hunt.
Launching of Magma Garden for
affordable homes officiated by
Menteri Besar Johor, Datuk Seri
Mohamed Khaled Nordin at Bandar
Putera Indah, Batu Pahat.
A Seminar on “The Statement on Risk
Management and Internal Control:
Guidelines for Directors of Listed
Issuers” attended by the Board of
Directors and Management staff.
november 2013
LBS’ premium development D’ Island
Residence was awarded the Property
Press Awards 2013 organised by
Malaysian Reserve.
LBS organised “BSP Community
Carnival” for the residents of Bandar
Saujana Putra.
December 2013
LBS Media Appreciation Night with
“The Mad Hatter” themed party.
ANNUAL REPORT 2013
65

Lbs annualreport2013-160203133531

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