LBS Bina Group launches RM8.3b The Reserva in Kwasa Damansara
LBS Bina Group Bhd is broadening its premium residential offerings with The Reserva, a freehold development in Kwasa Damansara with an estimated gross development value of RM8.3 billion. The first phase, Sherwood Residence, is slated for launch in April or May 2027 and will feature 196 stratified la
PETALING JAYA (Nov 12): LBS Bina Group Bhd is broadening its premium residential offerings through The Reserva in Kwasa Damansara, a freehold development with an estimated gross development value (GDV) of RM8.3 billion, while maintaining its affordable-housing business.
Group executive chairman Tan Sri Lim Hock San said the group would continue developing affordable homes while exploring the upper-middle and luxury residential segments, Sinar Harian reported following Wednesday’s media preview of the project. The first phase, Sherwood Residence, is targeted for launch in April or May 2027. Selling prices and the phase’s GDV are still being finalised, Lim said, according to The Edge Malaysia.
Spanning 24.94 acres, Sherwood Residence will comprise 196 stratified landed homes — 100 superlinks, 88 semi-detached houses and eight bungalows — at a density of about 7.8 homes per acre. The wider 192-acre development comprises 11 parcels under the jurisdiction of the Petaling Jaya City Council and is expected to take 13 to 15 years to complete, depending on market conditions.
The Reserva extends LBS’ premium residential portfolio following D’Island Residence in Puchong, which was launched more than a decade ago. The project follows a development rights agreement signed on July 30, 2025 between LBS’ subsidiary, LBS Kwasa Damansara Sdn Bhd, and subsidiaries of Kwasa Land Sdn Bhd. Kwasa Land is wholly-owned by the Employees Provident Fund.
Under the agreement, LBS’ subsidiary was granted exclusive rights to progressively develop 11 freehold parcels totalling 192.32 acres. LBS’ July 2025 announcement put the value of the development rights at RM1.216 billion. The proposal then envisaged 2,922 homes, comprising landed residences and low- and mid-rise condominiums.
In a statement dated Jan 13, 2026, LBS confirmed that shareholders had approved the Kwasa Damansara development at an extraordinary general meeting on Dec 5, 2025. The developer’s project material describes The Reserva as being planned around a 49-acre forest park.
Addressing competition within Kwasa Damansara, Lim said Sherwood Residence would differentiate itself through its low-density layout and housing mix, the New Straits Times reported. According to The Edge Malaysia, the homes will incorporate private lifts and step-free layouts to support multigenerational living. Other planned provisions include an electric vehicle isolator, a solar panel connection point, rainwater harvesting and water storage designed to provide three days’ supply. An approximately 18,000 sq ft clubhouse will house a multipurpose hall, lounge, games room and swimming pool.
Lim cited access via the Damansara-Shah Alam Elevated Expressway (DASH), Jalan Lapangan Terbang and Jalan Sungai Buloh. He also outlined proposed links to Persiaran Damansara Indah, towards IOI Mall Damansara and Sunway Medical Centre, and Persiaran Teknologi, towards Thomson Hospital Kota Damansara, Sri KDU International School and SEGi University. The Reserva sits within the wider 2,257-acre Kwasa Damansara township. LBS’ July 2025 announcement identified access to two MRT stations linked to the Kajang and Putrajaya lines, alongside the township’s planned residential, commercial, institutional and recreational components.
