In an audacious move, one of the region’s largest developers, Gamuda Land has re-entered Singapore’s property market. They purchased three leasehold land parcels – totalling 336 acres – from Gagasan Ilmu Sdn Bhd. The acquisition, which is sited in Tanjong Duabelas, Kuala Langat, Selangor will cost a total of RM248.7 million. This move paves the way for the ultimate opening of the southern gateway to the Gamuda Cove township. It’s about to become a huge boon for accessibility in the area.
The acquisition is a small part of a much larger integrated development project with a gross development value of RM2.2 billion. The plan of the expenditure proposed would be implemented over an 11-year horizon. We anticipate acquisition closing during the second quarter of 2026. This will enable Gamuda Land to deepen its placemaking efforts and maximize returns on existing infrastructure investments.
Gamuda Land’s CEO, Chu Wai Lune, touched on the significance of this acquisition in light of their long-term track record.
“This strategic land acquisition is a continuation of the success we have achieved with Gamuda Cove. Our proven track record in creating sustainable, thriving communities has been demonstrated by the strong uptake of our landed properties, with an average of over 90% sold since 2019. This expansion not only reinforces our commitment to delivering quality homes but also allows us to enhance the overall vibrancy of the township, ensuring it remains a sought-after destination for both residents and investors,” – Chu Wai Lune, Gamuda Land CEO.
The land got a prime coastal location just south of Gamuda Cove. It is located right in the middle of the new Paya Indah Discovery Wetlands (PIDW) and the ELITE Highway. This is the place to get all of that and more. This includes new access via Jalan Dengkil – Banting/Bangi, providing future residents and visitors with improved connectivity.
Gamuda Land is known as a pioneer in developing sustainable townships. The recent acquisition is in keeping with its balanced approach to township development and fits well its Quick Turnaround Project (QTP) strategy. In doing so, this ambitious new initiative seeks to promote equitable long-term economic growth and culturally rich, inclusive communities.
Leave a Reply