A Legacy of Transformational Development
In an exclusive interview with Malaysian Property Review, Tan Sri Dato' FD Mansor, Executive Chairman of Glomac Berhad, shared insights into the company's success:
"Our philosophy has always been about creating complete ecosystems. When we develop a township, we don't just build houses - we create communities with schools, retail, and green spaces from day one."
Industry data reveals Glomac's impressive track record:
- 38 completed townships across Malaysia
- 12 million sq ft of commercial space developed
- 95% occupancy rate across retail assets
- RM4.2 billion in ongoing projects
Flagship Developments Shaping Urban Landscapes
1. Glomac Cyberjaya (102-acre tech hub)
- Phase 1 Completion: Q4 2025
- Key Components:
- Grade A office towers with smart building systems
- Transit-oriented retail galleria
- Tech incubator campus
- Tenant Profile:
- 60% multinational tech firms
- 30% local enterprises
- 10% F&B and lifestyle
2. Lakeside Residences @ Glomac Damansara
- Unique Selling Points:
- 3km waterfront promenade
- Floating restaurants
- Malaysia's first residential drone delivery system
- Price Appreciation:
- 42% increase since 2020 launch
Innovative Approach to Sustainable Development
Glomac's Green Township Framework incorporates:
✅ Solar-powered common areas
✅ AI-driven energy optimization
✅ Urban farming zones
✅ Electric vehicle charging infrastructure
"Sustainability isn't just an add-on for us," explained Puan Sri Azlina Mansor, Chief Sustainability Officer. "Our new projects achieve 30% lower carbon footprint than industry averages."
Market Strategy and Future Plans
Upcoming Mega Projects
- Glomac Penang Maritime City (RM2.8 billion)
- Mixed-use development on reclaimed land
- Featuring cruise terminal and marine research center
- KL Aeropolis (Near KLIA)
- 500-acre logistics and aerospace hub
- Partnership with Malaysia Airports Holdings
Financial Performance
- FY2023 Revenue: RM1.12 billion (+18% YoY)
- Net Profit Margin: 22% (industry average: 15%)
- Dividend Yield: 4.8%
Industry Recognition and Awards
🏆 FIABCI World Prix d'Excellence 2023
🏆 EdgeProp Malaysia's Best Developer 2022-2023
🏆 Global ESG Leader Award 2023
Challenges and Adaptations
While maintaining strong growth, Glomac faces:
- Rising construction costs (managed through prefab technology)
- Changing buyer preferences (addressed via flexible unit configurations)
- Economic uncertainties (hedged through diversified portfolio)
"We're investing heavily in construction tech to maintain margins," revealed Encik Shahril Mansor, COO. "Our modular construction system cuts timelines by 25%."
Expert Perspectives
Dr. Lee Kim Hua, Property Economist at Maybank Investment:
"Glomac's integrated township model provides natural hedge against market cycles. Their commercial assets generate stable recurring income to cushion residential sales volatility."
Datuk Seri Amirudin Shari, EXCO Selangor:
"Developers like Glomac are crucial partners in achieving our smart state vision through their tech-enabled communities."
Conclusion: Building Malaysia's Future
From pioneering integrated townships to embracing smart city technologies, Glomac Berhad continues to set benchmarks in Malaysian real estate. With RM6.9 billion in planned developments over the next five years, the company is poised to maintain its leadership position.
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