PETALING JAYA (March 25): Glomac Bhd’s 121 Residences development in Bandar Utama, Selangor has achieved 75% of take-up rate, according to the company’s chief operating officer (operations) Zulkifly Garib.

Built on a 3.1-acre leasehold plot, the two-tower development offered 834 units of SoHo units (built-up of 450 sq ft) and service apartments (built-up of 750 sq ft), priced from RM333,000.

Launched in August 2019, the development carries a gross development value of RM327 million.

Despite the pandemic challenges such as stop-work order during the first MCO and then later the scaled-down construction schedule all developers had to face since the beginning of Covid-19 in Malaysia, Glomac’s high-rise projects in Petaling Jaya are still being constructed on time, Zulkifly stressed.

“In fact, we are days ahead in terms of construction progress for both these high-rises,” he said in a media statement today.

Meanwhile, he reiterated that [email protected] Jaya’s construction is progressing well and on track for completion by 2022.

Launched in June 2018, [email protected] Jaya is a freehold mixed development on a 3.2-acre site, strategically located along the Lebuhraya Damansara-Puchong (LDP).

This project consists of 696 units of service apartments and SoHo and 16 units of three-storey shopoffices, with a total GDV of RM347 million. 

Get the latest news @ www.EdgeProp.my

Subscribe to our Telegram channel for the latest stories and updates 

Click here for more property stories

SHARE
RELATED POSTS
  1. Glomac says 3Q profit fell as property development business hit by MCO
  2. Glomac posts 1Q net profit of RM1.73m, plans RM282m new launches in FY22
  3. DONE DEAL: Double-storey terraced house at Bandar Utama, Petaling Jaya, Selangor