Glomac: Prospects intact, RM8bil GDV within Klang Valley

Glomac group managing director and CEO Datuk Seri Fateh Iskandar Mohamed Mansor

KUALA LUMPUR: Glomac Bhd remains cautious of the lingering impact of COVID-19 on the property market, however, the company’s longer-term prospects remain intact.

Group managing director and chief executive officer Datuk Seri Fateh Iskandar Mohamed Mansor said given the group’s healthy balance sheet, Glomac is well placed to accelerate development activities by tapping into its strong development pipeline that has a potential estimated gross development value (GDV) of RM8 billion, largely within the Klang Valley.