Lim (centre) launching the property gallery with his wife Puan Sri Karen Lim (left) and executive director Datuk Cynthia Lim (right).

LBS Bina Group Bhd launched the LBS Property Gallery at M3 Mall in Gombak, Selangor, making its offerings more accessible to target audiences.

The launch marks two significant milestones – the group’s first property gallery in a retail space as well as its first foray into retail management.

“We chose M3 Mall as the location for our property gallery because it represents a very important element – convenience for our buyers.

“This way, LBS is moving closer to our customers, and making our offerings more accessible,” said LBS Bina group managing director Tan Sri Lim Hock San.

Occupying a 1,000sq ft area, the LBS Property Gallery in M3 Mall features a mix of high-rise residential offerings in the affordable and medium range, namely, Zenopy Residences, BSP21, Skylake Residence and Perumahan Penjawat Awam 1 Malaysia (PPA1M) Bukit Jalil.

Other landed residential offerings such as Irama and Simfoni Perdana from the newly launched LBS Alam Perdana township as well as Desiran Bayu are also included.

M3 Mall is also the group’s first foray into retail management. The acquisition was announced in September. The mixed development project has a total floor area of 587,572sq ft, and net lettable area of 182,609sq ft.

The tenant occupancy at M3 Mall by area is currently 83% with The Store and Texas Chicken Restaurant as anchor tenants.

With 106 diverse retail outlets and ample parking, M3 Mall aims to attract the mass market and a family-oriented audience.

Located in Taman Melati, M3 Mall sits in the centre of a vibrant township that is home to a growing population of over one million and a healthy mix of young adults and families.

“We have been providing quality yet affordable homes for many years.

“Setting up the LBS Property Gallery in M3 Mall with its good mix of affordable and medium range offerings is testament to our ongoing commitment of supporting the nation’s ambition in helping Malaysians own homes.

“We also anticipate further growth as we explore new avenues which include retail management, hospitality and tourism,” Lim said.

Among the highlights of M3 Mall is its connectivity to a large network of densely populated townships made accessible from the Taman Melati LRT station which is 300m from the mall.

Notable landmarks in the township include the Tunku Abdul Rahman University College located less than 2km from the mall, Gombak Police Station, Kuala Lumpur Library (Gombak Setia branch), National Zoo and several secondary schools.