Glomac
How their buildings read
2 poor, 1 good, 1 very good
Outcomes still vary building by building. Check the building, not the brochure.
What we found
Glomac delivered the 178-unit Seri Kenanga Rumah Selangorku townhouses at Saujana Perdana to owners ahead of schedule, its second such affordable-housing handover at the township after 180 units of Seri Kenari were delivered in June 2022.
The evidence
Delivery
PositiveGlomac delivered the 178-unit Seri Kenanga Rumah Selangorku affordable townhouses ahead of time, after handing over the 180-unit Seri Kenari in June 2022, and the group says it has delivered 1,549 affordable units in Bandar Saujana Utama.
One more finding
Glomac handed over the 186 Tresna Teruntum terrace houses in Saujana Perdana starting on 27 March, about two years after purchase, and the houses were finished on time despite the pandemic.
Regulatory and legal
MixedOn 8 July 2026 the Federal Court dismissed plaintiff Soon Hoe Chuan's motion for leave to appeal, in Glomac Berhad's favour, in a Kuala Lumpur High Court civil suit he brought against Glomac, with each side bearing its own costs; Glomac disclosed the decision on 11 August 2026.
One more finding
A contractor (Bina Goodyear Bhd), acting as Glomac's contractor for the Suria Stonor high-rise residential project in Kuala Lumpur, filed a winding-up petition against Glomac at the High Court of Malaya, with Glomac acknowledging it had neglected payment of sums owed.
Corporate continuity
PositiveGlomac Berhad disclosed to Bursa Malaysia that a Kuala Lumpur High Court civil suit brought against it by Soon Hoe Chuan concluded when the Federal Court on 8 July 2026 dismissed the plaintiff's motion for leave to appeal in Glomac's favour, with each party bearing its own costs; the announcement does not state what the underlying dispute concerned or name any project, and states the decision is not expected to have a material effect on the group's earnings, net assets or operations.
3 more findings
Glomac Bhd is still trading and reporting as a going concern: it posted an RM7.2 million profit after tax for the quarter ended 31 July 2026 on RM68.5 million revenue, reversing an RM1.5 million loss a year earlier.
Glomac Berhad is a property development and investment holding company listed on the Main Market of Bursa Malaysia.
Glomac's wholly owned subsidiary Glomac Alliance Sdn Bhd proposed to sell about 6.213 hectares of vacant land in Puchong for RM127.04 million in cash, so the subsidiary is part of the listed Glomac group.
Independent recognition
PositiveGlomac Bhd placed joint seventh, with Chin Hin Group Property Bhd, in the StarProperty Awards 2025 All-Stars Award.
One more finding
Glomac's GMD/CEO, Datuk Seri F D Iskandar, is a judge of The Edge Malaysia Top Property Developers Awards and abstained from judging Glomac, so Glomac's Top 30 placings in those awards are weaker as independent recognition.
Their buildings
121 ResidencesBandar Utama · 2024Lift lobby access from corridors requires an access card.5.0 out of 10Poor
Glomac CentroBandar Utama · 2016Development marketed as complete and well-maintained serviced apartment tower with modern facilities. Completed in 2016. Located in mature neighbourhood with integrated shop offices providing dining and retail options.5.9 out of 10Poor
Glomac DamansaraTTDI · 2014Decent value on the TTDI fringe, a serviced residence with the MRT close by. Most coverage is analytical blog work; residents themselves have said little.7.2 out of 10Good
Suria StonorKLCC8.0 out of 10Very good