Glomac’s projects will keep it busy for 5 years (Edge)

Property developer Glomac Bhd’s upcoming projects worth an estimated gross development value (GDV) of RM3 billion will keep the company busy for the next five years.

“Next year we are looking at 16 projects. As you know, these projects come in phases, so the launches from the various stages of our townships will have a collective GDV close to RM1 billion. The remaining will come from our residential and commercial properties,” said Glomac’s group managing director and chief executive Datuk FD Iskandar Mansor after the company’s AGM.

As at the end of Glomac’s first quarter ended July 31, the company’s unbilled sales stood at RM585 million, which is at a record high.