LBS Budget 2024 wishlist: Property sector resurgence

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LBS Budget 2024 wishlist: Property sector resurgence
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A renowned people’s developer, LBS Bina Group Bhd shared its wish list for Budget 2024, which will be tabled in Parliament on Oct 13.

Following the conclusion of Malaysia's 15th general election and 2023 state elections, LBS is pleased that Malaysia has achieved political stability and is optimistic of a stronger economy in the upcoming months.

As a proactive participant, LBS has crafted several proposals that it deems essential to spur the property sector. The ultimate goal is to achieve higher construction efficiency, cost-effectiveness, and sustainability while maintaining or improving overall construction quality.With the increasing global interest in sustainable and green buildings, the capital expenditure to design, develop sustainable and carbon neutral buildings can be an added cost to local developers, especially when it can be higher than conventional buildings.

Developers and contractors are frequently compelled to transfer these costs to consumers through higher property prices.

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