KUCHING: Gamuda Land continues to strengthen its presence in northern Klang Valley with the strategic acquisition of a 532-acre parcel for RM360mil.
The plot is located right next to its existing 810-acre Gamuda Gardens township.
“Today, we see an overall average uptake of more than 90 per cent for all landed properties launched here since 2017.
“The new acquisition will help to replenish Gamuda Land’s landed residential offerings in the area as a continuation to the success of Gamuda Gardens.
“We anticipate a greater uptake for our future products with the upcoming retail, leisure and commercial properties in the next two years to tailor for the burgeoning market in this area,” said Gamuda Land chief executive officer Chu Wai Lune.
With an estimated gross development value of RM3.3bil, the new parcel is targeted for a 2026 launch and will contribute to the group’s earnings over the following six years as Gamuda Land continues to focus on high-value opportunities both in Malaysia and overseas where it has established its presence, namely Vietnam, Australia, Singapore and the United Kingdom.
“Our investment in this new parcel represents our strategic approach to create synergy for both Gamuda Gardens and this new parcel.
“Both developments will be connected via a 1km woodland boulevard where people can walk, cycle or drive to and from both developments. We believe that with good planning, we can leverage the strength of both parcels,” he added.
Chu also noted the new acquisition would unlock toll-free access from Gamuda Gardens to Rawang town, which would drive traffic to and from Gamuda Gardens and bring in substantial footfall.
“With this connectivity, the retail, leisure and commercial activities in the township can benefit from a wider catchment.
“At the same time, our residents from both parcels will have easy access to all the amenities within a short distance away.”
Sustainability is key to its masterplan, thus, the homes will be designed with biophilic concept, having that connection to nature and built using a sustainable construction method.
In addition, by leveraging Gamuda Engineering’s expertise, 100 per cent of Gamuda’s future developments will be built using a next generation digital industrialised building system (IBS) which provide superior quality over conventional construction method and represents a much more sustainable construction method.
Chu said that this would help reduce 40 per cent carbon footprint during construction and allow them to reduce their dependency on foreign workers by 55 per cent.
“Customers will also rejoice in knowing that their homes can be delivered at least 12 months ahead of scheduled delivery compared to conventional construction method. This gives both the customers and developer an added advantage.”
