LBS Bina
How their buildings read
1 poor, 1 fair
Outcomes still vary building by building. Check the building, not the brochure.
What we found
The group's 2Q2026 results show it remained profitable, with net profit down 44.4% year on year to RM15.05 million, attributed to the absence of a prior-year reversal of contingency sums for completed projects.
The evidence
Regulatory and legal
NegativeA Kuala Lumpur High Court recorded a consent judgment on 15 April 2026 settling a civil suit brought by Mega Planner Jaya (in liquidation) against the group's subsidiary Gerbang Mekar, for RM7.0 million, made without admission of liability.
One more finding
The underlying claim concerned an alleged unpaid RM43.03 million balance from a 2014 purchase of a Setapak retail mall unit, which the group's subsidiary contends it accrued before it became part of the group in 2018.
Corporate continuity
A Bursa-listed group filing reports that its Hong Kong-listed or overseas circuit interest (Zhuhai) was discontinued, with motor racing circuit operations shown as discontinued operations in the FY2024 accounts.
2 more findings
The Edge reported that the Zhuhai joint development with NWP Holdings was mutually terminated on May 30 of that year, with LBS Bina holding a 60% stake and the chairman saying the project would not be put on hold.
The group announced in mid-2026 that it had completed its divestment of its stake in the Zhuhai International Circuit in China, after a joint development deal with NWP Holdings had lapsed earlier that year.
Their buildings
Mercu JalilBukit JalilThere is an LRT station approximately 1.2km away, with a sidewalk providing partially covered safe passage for the 10-15 minute walk.6.2 out of 10FairResidensi BintangBukit JalilAccess to the building can be difficult due to heavy traffic congestion and illegal roadside parking by parents during school pickup and drop-off times.5.0 out of 10Poor