Glomac stays cautious despite optimistic property market outlook


KUALA LUMPUR: Glomac Bhd expects the property market to improve further in 2025 but remains cautious.

“The management remains vigilant in monitoring its construction costs as well as managing potential financial risks aiming to enhance overall profitability,” the developer said in a filing with Bursa Malaysia.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Glomac , property , GDV

Next In Business News

ACE Market-bound GHS posts 1Q net profit of RM1.5mil
AAX redesignates Benyamin Ismail as GM, appoints Bo Lingam as group CEO
Favelle Favco secures RM76.3mil crane orders
IJM confirms MACC, IRB presence at office
CAB Cakaran buys industrial building in Pahang for RM2.8mil
Ringgit firms against greenback on economic resilience
PJBumi forms JV with Chinese firm for oilfield equipment production
Malaysia-born billionaire investor Cheah Cheng Hye puts quarter of wealth in gold
Rianlon’s RM1.27bil project boosts Johor’s high-value manufacturing push
Opensys wins RM22mil cash recycling machines supply contract

Others Also Read