SELANGOR (Nov 28): Glomac Bhd (KL:GLOMAC) on Thursday officially launched Serai @ SBCR, the latest precinct in its 1,200-acre Bandar Saujana Utama master plan in Sungai Buloh, Selangor. The new precinct has a gross development value (GDV) of RM353 million.

To be launched and developed over four phases, Serai @ SBCR is an individual-titled residential development sitting on a 64-acre leasehold tract. It offers a total of 374 double-storey terraced houses, two commercial plots and apartments under affordable housing schemes.

The first phase, Serai One, consists of 112 units with land sizes of 20ft by 70ft and 22ft by 70ft, and built-ups from 1,400 to 1,829 sq ft. The selling price is starting from RM620,000. The phase has a GDV of RM78.6 million.

“We have opened Serai One for preview since four months ago and the response has been encouraging. Some 90% of the units have been taken up and the dropout rate is low at about 15%. It showed that the market here for landed homes like Serai is going very strong. We are very optimistic on the sale,” said Glomac chief operating officer – operations Zulkifly Garib in the official launch ceremony held on Thursday in the sales gallery.

He is looking to open the second phase for sale in April 2025. “The second phase will have 96 units with the majority of them being 22ft by 70ft. We will open them for sale once Serai One is fully sold, which we estimated to achieve in the next several months.”

Serai @ SBCR boosts a 6.6-acre lake park with common facilities such as a multipurpose court, jogging track, bicycle track, children’s playground, reflexology area, open lawn for picnic and gazebo viewing deck.

The precinct also has two commercial lots (0.6 acre and three acres), both of which have been sold to individual buyers for commercial asset planning. It also has two reserved parcels for affordable housing projects planning, the details of which will be announced in due course. The entire precinct will take the next six to 10 years to complete, depending on the market condition.

With the official launch of Serai @ SBCR, Glomac is a step closer to completing the RM3 billion Bandar Saujana Utama master plan, which was first launched in 1997.

“We have about 120 acres of undeveloped land bank here in Bandar Saujana Utama. With the official launch of Serai today, we have about 60 acres left now, most of them are pocket lands here and there. We are currently reviewing and replanning these lands, ensuring what we launch is relevant to the current market demand,” Zulkifly told the press, adding that the remaining 60 acres land here has an estimated GDV of RM300 million, and it will take about 10 years to complete the whole masterplan.

Source: Edge Prop