Tuesday, February 19, 2013

Glomac To Finish Lakeside Transformation In 6 Years

 
Glomac Bhd plans to build serviced apartments, condominiums and shop offices on the commercial land near its current development at Lakeside Residences.

A shopping mall is also being planned, said Glomac group managing director and chief executive officer Datuk F.D. Iskandar Mansor.

The company is confident to fully develop Lakeside Residences within six years.

"Once Lakeside Residences matures in two or three years time, we plan to build serviced apartments, condominiums and shop offices in the nearby commercial land. We may even put up a mall," Iskandar said in a statement.

Located within the popular growth corridor of Puchong, Glomac's flagship Lakeside Residences development has so far been well-received by property buyers.

The third phase of the development, called Symphony at Lakeside Residences, was launched last Friday via balloting, where more than 800 individuals registered their interest for the 139 residential units.

There were full take-up rate for non-Bumiputera units.

Symphony is an 81ha guarded development with a gross development value of RM107 million.

The Symphony units are two-storey houses priced at RM728,000 onwards and are expected to be completed by the end of next year.

The earlier launch of Phase 2, called Sonata, Lakeside Residences, was fully sold within a day via balloting in September last year.

"The outlook for our development in Puchong is overwhelming. Purchasers have faith in the location of our project as well as its overall concept," Iskandar said.

Centrally located within Puchong's thriving commercial hub, the lakeside living residences are sited amid the lakeside clubhouse and recreational facilities with open green parks and community focal points, such as a half Olympic-size infinity pool, parks, recreational area and jogging paths.

Source: Business Times
 

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