Glomac plans to raise up to RM3 bil via sukuk programme
Glomac said the programme also offers the flexibility for future issuances of sustainability or sustainability-linked sukuk in compliance with relevant guidelines.
Glomac said the programme also offers the flexibility for future issuances of sustainability or sustainability-linked sukuk in compliance with relevant guidelines.
On property outlook, Glomac is cautiously optimistic of the improvement in the property market in the FY2025, amidst ongoing concern over higher construction cost.
Glomac’s net profit jumped by over 800% to RM3.
The group will remain focused on the affordable and mid-market residential segments, where it has successfully built a strong brand with quality, innovative and digital lifestyle concepts products.
Loop City will be developed in four phases over three residential plots and one commercial plot.
Datuk Seri Fateh Iskandar Mansor said it is not the best time for the government to implement such measures as the local property market is slowly recovering from the Covid-19 pandemic and headwinds from rising inflationary pressures.
Glomac said it achieved higher new sales of RM101 million in 1QFY2024, representing a 94% jump compared to RM52 million recorded in 1QFY2023.
DONE DEAL: Office, Plaza Mont’Kiara, Kuala Lumpur DONE DEAL: Factory, Kajang, Selangor Residensi Damansara Glomac is positioned within the safe and high-end neighbourhood of Taman Tun Dr.
Administrative expenses rose to RM5.
121 Residences has a gross development value of RM367 million.