Introduction

Glomac traces its corporate history back to 1988 ,when the two entrepreneurs and founders of the group , Tan Sri Dato’ FD Mansor, Group Executive Chairman and Datuk Richard Fong, Group Executive Vice Chairman, joined forces to start Glomac. The company is currently helmed by Dato’ FD Iskandar, Group Managing Director / Chief Executive Officer.

Today, Glomac Berhad comprises more than 40 subsidiaries with involvement in every face of the real estate business encompassing property development, property investment, construction, property management and car park management.

Glomac Berhad was listed on the Main Board of Bursa Malaysia Securities Berhad on 13 June 2000. Moving forward, Glomac continues to affirm the Group’s reputation as a responsible and visionary property developer with its sold record of developing townships, residential and commercial properties.

To-date, the Group has completed more than 15,000 residential and commercial units with a total sales value over RM4 billion. Apart from the residential development, the Group has also successfully completed approximately over 5.4 million square feet for commercial space. Glomac is entering a new phase of growth as it targets to launch more than RM1billion worth of properties.

Property development remains the core focus of the Group since its inception. As a long term player committed to escalating our presence in the real estate market particularly focusing in the prime area of the Greater KL ,where the Group is well established. Glomac is continuously planning and designing new projects for our existing landbank, and evaluating new landbank opportunities and continuously looking out for new opportunities in the country.

The Early Years

The company started with the development of Taman Jasa Utama in Selayang, Selangor. The turning point came in Kelana Jaya, assisting this undeveloped area in Petaling Jaya, into a bustling city it is today. Innovations such as a 6-8 storey business center was introduced to developments Glomac Business Centre, Kelana Business Centre and Kelana Centre Point complete with elevators and underground parking, set Glomac apart.

Quicker progress followed in the shape of our first high end condominium, Prima 16. It is located in the exclusive area of Section 16. This development is still going on strong, being fully tenanted and one of the prime and sought for condominiums in the area.

The Growing Years

The group’s leading township Bandar Saujana Utama located in Sungai Buloh began in 1997. From a jungle and a plantation land, it has been transformed into a thriving township with a population of more than 60,000 residents who enjoy a holistic environment compromising schools, playgrounds, hypermarket amongst its surrounded amenities. The year 1997 was also the year of the Asian financial crisis. The property industry among others went through an upheaval. By sheer determination, prudence and strength of character, Glomac came back stronger.

The gated and guarded community of Aman Suria Damansara in Petaling Jaya is a development we take great pride in. This development surpassed all expectations and led to similar developments such as Suria Residen in Cheras, followed by the Group’s crown jewel, Suria Stonor, a luxury condominium in the prestigious Kuala Lumpur City Centre (KLCC) was an inspiration in itself.

Additional accomplishment followed by commercial developments Glomac Cyberjaya and Plaza Kelana Jaya. The success of Glomac Cyberjaya’s Phase 1 brought the recent land acquisition for Phase 2. While Plaza Kelana Jaya’s frontal lake and scenic setting has garnered the Asia Pacific Commercial Property Award in association with Bloomberg Television for Highly Commenced Best Retail Development (Malaysia).

Great as this milestone was, it was by no means the end. From managing just over 3 projects a year, Glomac now has 13 on-going projects including well received townships Saujana Rawang in Rawang, Sri Saujana in Johor Bahru and various residential and commercial developments focused in Greater Kuala Lumpur.

Further success came from our flagship mixed development Glomac Damansara, offering a hybrid mix of business and leisure in a convenient location for today’s busy lifestyle personalities. Over the recent years, the phenomenal growth of Damansara and its surroundings as a property hotspot has been dubbed "the Golden Triangle of PJ".

Growing contribution for the upcoming years are developments Glomac Mutiara Damansara Residences, a luxury condominium located in the vibrant Mutiara Damansara area, Glomac Utama, a mixed development in Bandar Utama and a township development in Puchong, an opportunity for the Group to continue with success from earlier residential development ‘Lakeside Residences’.

The Coming of Age

As a visionary developer, Glomac made two overseas investments in 2006 in Melbourne, Australia and Bangkok, Thailand. These investments complement Glomac’s current strategy of developing future-proof developments within the Greater Kuala Lumpur area.

In the late 2007, we caused quite a stir in the market by setting a record price when we acquired a 1.3 acre property opposite the Petronas Twin Towers, KLCC. This site became Glomac Tower, an A-Grade commercial building sold en bloc for the record price of RM 1, 120 per sq ft. To date, it still holds the highest commercial transaction cost in town. We are proud of its place in the KL skyline, as testament to our commitment to Malaysian values: co-operation, hard work, perseverance and the spirit of community.

This is only the beginning of the Glomac journey, and as we travel down this road, we take our inspiration from everyday Malaysians, our partners and allies, our friends. We want to add value to the lives of Malaysians, becoming leaders in the property industry, serving with dignity and grace.

Join us as we build the future.