Glomac Bhd is actively increasing property launches and strategically monetising its landbank in an effort to boost sales and enhance capital efficiency, according to a recent analysis by TA Research.
Over the past weekend, the developer unveiled new projects valued at approximately RM163 million. These include the Qaya shop offices located in Saujana Perdana, Serai 3 double-storey terrace houses at Sungai Buloh Country Resort, and 16 Legacy semi-detached homes in Saujana Rawang. Together, these launches represent nearly half of Glomac’s planned total launch value of about RM371 million for the 2027 financial year, with the remaining RM208 million scheduled for release in the fourth quarter.
TA Research noted that initial market response has been positive, particularly for the Qaya shop offices and the 16 Legacy semi-detached units, which have generated stronger early interest. Glomac’s management expressed confidence that these two projects could achieve full sales within six months. The Serai 3 development, however, is expected to experience a longer sales cycle, attributed to the ongoing effort to clear the remaining 20 units from the earlier Serai 2 phase.
The research firm also highlighted that Glomac’s move toward a more proactive landbank management approach is likely to improve its capital efficiency going forward. By carefully selecting which assets to monetise and timing its launches strategically, the company aims to optimize its financial performance amid a competitive property market.