Press Release: Glomac’s High-Rise Projects On Track Despite Challenges
Petaling Jaya, 24 March 2021 – Glomac’s projects within the Petaling Jaya areas are on track, despite challenges posed by the Covid-19 pandemic that started in March 2020.
Glomac’s Chief Operating Officer (Operations) En. Zulkifly Garib said “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 namely 121 Residences and Plaza@Kelana Jaya are still being constructed on time. “In fact, we are days ahead in terms of construction progress for both these high-rises,” he said.
He attributed this stellar performance to the hard work by Glomac’s Project teams and business partner contractors who have all cooperated diligently and consistently in overcoming the various obstacles imposed as a result of the pandemic. “Our aim is to deliver our products to the homeowners on time. We believe everyone has been affected by Covid-19 and its subsequent financial effect. On-time delivery of the properties will reduce financial stress of buyers who are first home owners waiting to move into their new home,” Zulkifly was telling the media during an online interview.
Image of 121 Residences
Located in the heart of PJ-Damansara, 121 Residences service apartments in the locale of Bandar Utama was launched in August 2019, consisting of two 32-storey towers (Tower A 445 units and Tower B 389 units) sitting on 1.25ha (approximately 3.1 acres) plot of land. The modern high-rise development offers a total of 834 units of SoHo (450 sq ft) and service apartment (750 sq ft), priced from RM333,000 onwards. Thus far, 121 Residences have enjoyed an overall take-up rate of 75%. This development also enjoy HOC benefits and are priced to be very affordable for first home owners and young professionals. 121 Residences has a Gross Development Value (GDV) of RM327 million.
121 Residences is easily accessible via Sprint Expressway, New Klang Valley Expressway and Lebuhraya Damansara-Puchong (LDP). The upcoming Light Rail Transit 3 (LRT3) station which is merely 400m from the development will facilitate and expedite access to the larger part of Greater Kuala Lumpur heading west to suburbs including Shah Alam and Klang. It is also a stop away from the Mass Rapid Transit (MRT) Bandar Utama station.
Meanwhile, Plaza@Kelana Jaya, launched in June 2018, is a freehold mixed development on a 1.30ha (approximately 3.2 acres) site, strategically located along the Lebuhraya Damansara-Puchong (LDP).To date, 83% of the project is fully taken up, and the project is targeted to complete by 2022.
This project consists of 696 units of service apartments and SoHo, and only 16 units of three-storey shop offices, with a total GDV of RM347 million. The service apartments are priced from RM388,000 onwards.. On higher floors, subject to orientation, the apartment units will enjoy views of the Petaling Jaya skyline, Kelana Jaya recreational park and Kelab Golf Negara Subang (KGNS) to the west and Kuala Lumpur city views to the northeast. Like 121 Residences, Plaza@Kelana Jaya is also targeted towards the younger and upwardly mobile
professionals between 25 and 45 years old.
With high visibility and road frontage, the 16 units of shop lots at Plaza@Kelana Jaya are perfect for showrooms and retail businesses. Designed with healthy lifestyle facilities complete with functional and flexible spaces, small families and first-time homebuyers will find Plaza@Kelana Jaya an attractive starter home and a viable residential option with its easy accessibility and strategic location.
Both 121 Residences and Plaza@Kelana Jaya are fitted with a wide range of recreational facilities including a 4-Tier Security System which include 24-hour CCTV surveillance, secured carpark, lobby security and individual floor access that will keep residents within a safe and secure environment.
“Glomac is no-newcomer to the niche development scene, having completed Suria Stonor Residences in KLCC, and the sold-out Damansara Residences in Damansara-Petaling Jaya. Glomac was also the developer of highly successful Aman Suria Residences in Petaling Jaya. As a responsible developer, Glomac will strive to continue to deliver quality homes in strategic locations,” promised Zulkifly.
At the township level, award-winning Glomac also developed the Bandar Saujana Utama and Saujana Perdana townships in Sungai Buloh. Having successfully launched its double-storey landed homes at Mawar Sari in November 2020 which enjoyed 90% take up rate, and recently, Dahlia Sari terraced homes, in February 2021, Saujana Perdana is poised to be a wholesome neighbourhood complete with amenities and facilities for good living.
Last week, Glomac unveiled Primrose, its newest double-storey terrace homes in Saujana KLIA, Sepang which met with encouraging response. Zulkifly says homebuyers should take advantage of the Home Ownership Campaign (HOC) 2020-2021 benefits that most of Glomac’s properties are participating in, where buyers can save thousands of Ringgit in stamp duties and legal fees. The HOC will end in May 2021.
— End Of Press Release —
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