KUALA LUMPUR: Glomac Bhd remains cautious of the lingering impact of Covid-19 on the property market but the company’s longer-term prospects remain intact.

       Group managing director and chief executive officer Datuk Seri Fateh Iskandar Mohamed Mansor said given the group’s healthy balance sheet, it is well placed to accelerate development activities by tapping into its strong development pipeline that has a potential estimated gross development value of RM8bil, largely within the Klang Valley.

       On the near-term performance, he said the easing of economic restrictions would facilitate construction activities and for the group’s sales gallery to reopen.

       “We believe our RM580mil unbilled sales will provide funding visibility, at least for the next two years,” he said. — Bernama