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Glenmarie Properties expects total GDV of RM380m for new project

SHAH ALAM: Glenmarie Properties Sdn Bhd expects a total gross development value (GDV) of RM380 million for its newly launched project, Glenmarie Gardens, in Shah Alam, said chief executive officer Mohd Radzman Othman.

Glenmarie Gardens is an exclusive and low-density enclave comprising 70 units of two-storey and two-and-a-half-storey bungalows on a freehold land in Glenmarie is expected to be completed in September 2012, he told reporters after the project launch on Friday, Nov 26.

He said the houses will be built in two phases, with Phase 1 comprising 14 units. Construction work for Phase 1 will start in May next year.

The houses come in seven distinctive architectural designs, featuring their own characteristics to suit the different needs of the potential owners, he said.

Mohd Radzman said the build-up area starts from 5,910 square feet and tops at 8,033 square feet while the land area starts from 8,364 square feet and stretches up to 14,693 square feet.

Glenmarie Properties formerly known as Hicom Properties Sdn Bhd is a trusted name in property development and the hospitality industry.

Its iconic projects include Glenmarie Court, Glenhill Saujana, Glenmarie Residences and Glenpark, all within the vicinity of Glenmarie and Shah Alam, and on the commercial development portfolio completed projects include the Accentra Glenmarie and Glenmarie Industrial Park. — Bernama
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