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Glomac to launch 3rd phase of Glomac Damansara by year-end

KUALA LUMPUR: Glomac Bhd plans to launch the third phase of Glomac Damansara, situated along Jalan Damansara in Kuala Lumpur, by the year's end.

The third phase comprises 103 boutique retail units, one food court and one supermarket.

A spokesperson for the developer told theedgeproperty.com that the group also planned to launch two blocks of 26-storey of serviced apartments under Phase 4 in mid-2011. The two blocks will house 308 apartment units with sizes that range from 1,000 sq ft to 1,800 sq ft. It is understood that the prices for the serviced apartments have yet to be fixed.

This fourth and final phase of the project will also include a 17-storey corporate tower.

Glomac Damansara was first launched in 2009, comprising a total of four phases.

The first phase was launched in March 2009, comprising 12 units of 5- and 8-storey shop offices, which were fully sold on an en-bloc basis, and a RM70 million 16-storey office block, which may be used as the group’s headquarters.

The second phase, consisting of a 25-storey Corporate Tower, was sold en bloc as well.

The freehold project is surrounded by Taman Tun Dr Ismail, Damansara Utama, Damansara Jaya, Bandar Utama, Mutiara Damansara, Desa Sri Hartamas and Mont’Kiara.

Glomac Bhd is looking to fully launch Glomac Damansara by the middle of 2011.
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