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.
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.
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