Lakeside Boulevard: Glomac all set for shoplot launches
(File pix) Lakeside Residences is the flagship project for Glomac Bhd in Puchong. Glomac Photo
PUCHONG was established in the early 1900s and flourished due to tin-mining activities.
Its development and urbanisation only started around 1985 after the tin-mining leases expired and small housing schemes sprouted up.
Developers realised the immense potential of the area and bought large tracts of plantation land to build integrated townships.
Some of these large and successful townships are Bandar Puchong Jaya (376ha) launched in 1990 by IOI Properties group, Bandar Kinrara (785ha) launched in 1991 by I&P group, Pusat Bandar Puchong (283ha) launched in 1994 by SP Setia group and Bandar Puteri Puchong (376ha) launched in 1999 by IOI Properties group.
The IOI, I&P and SP Setia township developments not only offered various types of housing in different price range, but also unique and niche offerings.
More developers ventured into Puchong in early 2000 following the success of IOI, I&P and SP Setia.
Among them was Glomac Bhd, which entered Puchong in 2005. In 2011, Glomac’s wholly-owned unit, Glomac Alliance Sdn Bhd, acquired 81ha in Bandar Metro Puchong from Score Option Sdn Bhd for RM77 million.
Prior to acquiring the land, Glomac had a joint venture with Score Option to develop 36ha in Bandar Metro Puchong and started a project called Lakeside Residences.
The joint venture launched the first phase of Lakeside Residences, dubbed “Rhapsody”, in 2005.
Rhapsody comprised 102 units of double-storey terraced houses with built-up areas of 2,100 sq ft and were priced from RM325,000.
The units were handed over to purchasers in August 2008.
The following phases in Lakeside Residences were launched after Glomac took over the project. There were also semi-detached houses in Lakeside Residences with built-up areas ranging from 3,000 to 3,200 sq ft.
The second phase of Lakeside Residences was sold via balloting at its launch in 2012.
Dubbed “Sonata”, it comprised 105 units of double-storey terraced houses with built-up areas of between 2,120 and 2,358 sq ft. Prices ranged from RM680,000 to RM937,521.
Glomac group managing director and chief executive officer Datuk Seri FD Iskandar told NST Property the company is gearing up to launch shoplots at Lakeside Boulevard, the commercial offering of Lakeside Residences.
“We have sold about 800 houses in Lakeside Residences in the past several years and 97 per cent are occupied. So, it is time for us to put up shops and serve the residents.”
He said Glomac will launch 45 units of two-storey shoplots with the starting price from RM1.5 million each.
“I am quite bullish on the sale of the shoplots. I believe the price is reasonable. We have also done a market survey and there are no new shops in that area.”
Lakeside Residences is located near YTL Corp Bhd’s Lake Edge development and Malton Bhd’s Mutiara Puchong. Lake Edge is an exclusive residential estate within a gated and guarded community.
The development, which started in 2004, was inspired by the Australian “green street” concept that boasts 24-hour security system in the neighbourhood with fenceless homes.
Its development and urbanisation only started around 1985 after the tin-mining leases expired and small housing schemes sprouted up.
Developers realised the immense potential of the area and bought large tracts of plantation land to build integrated townships.
Some of these large and successful townships are Bandar Puchong Jaya (376ha) launched in 1990 by IOI Properties group, Bandar Kinrara (785ha) launched in 1991 by I&P group, Pusat Bandar Puchong (283ha) launched in 1994 by SP Setia group and Bandar Puteri Puchong (376ha) launched in 1999 by IOI Properties group.
The IOI, I&P and SP Setia township developments not only offered various types of housing in different price range, but also unique and niche offerings.
More developers ventured into Puchong in early 2000 following the success of IOI, I&P and SP Setia.
Among them was Glomac Bhd, which entered Puchong in 2005. In 2011, Glomac’s wholly-owned unit, Glomac Alliance Sdn Bhd, acquired 81ha in Bandar Metro Puchong from Score Option Sdn Bhd for RM77 million.
Prior to acquiring the land, Glomac had a joint venture with Score Option to develop 36ha in Bandar Metro Puchong and started a project called Lakeside Residences.
The joint venture launched the first phase of Lakeside Residences, dubbed “Rhapsody”, in 2005.
Rhapsody comprised 102 units of double-storey terraced houses with built-up areas of 2,100 sq ft and were priced from RM325,000.
The units were handed over to purchasers in August 2008.
The following phases in Lakeside Residences were launched after Glomac took over the project. There were also semi-detached houses in Lakeside Residences with built-up areas ranging from 3,000 to 3,200 sq ft.
The second phase of Lakeside Residences was sold via balloting at its launch in 2012.
Dubbed “Sonata”, it comprised 105 units of double-storey terraced houses with built-up areas of between 2,120 and 2,358 sq ft. Prices ranged from RM680,000 to RM937,521.
Glomac group managing director and chief executive officer Datuk Seri FD Iskandar told NST Property the company is gearing up to launch shoplots at Lakeside Boulevard, the commercial offering of Lakeside Residences.
“We have sold about 800 houses in Lakeside Residences in the past several years and 97 per cent are occupied. So, it is time for us to put up shops and serve the residents.”
He said Glomac will launch 45 units of two-storey shoplots with the starting price from RM1.5 million each.
“I am quite bullish on the sale of the shoplots. I believe the price is reasonable. We have also done a market survey and there are no new shops in that area.”
Lakeside Residences is located near YTL Corp Bhd’s Lake Edge development and Malton Bhd’s Mutiara Puchong. Lake Edge is an exclusive residential estate within a gated and guarded community.
The development, which started in 2004, was inspired by the Australian “green street” concept that boasts 24-hour security system in the neighbourhood with fenceless homes.
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