Gamuda Land continues to strengthen its presence in northern Klang Valley with the strategic acquisition of a 532-acre parcel, located right next to its existing 810-acre Gamuda Gardens township, for a purchase consideration of RM360 million.
Commenting on the acquisition, Gamuda Land’s Chief Executive Officer, Chu Wai Lune said, “This acquisition will strengthen our presence in northern Klang Valley where we have already developed and invested substantially in the very successful Gamuda Gardens. Today, we see an overall average uptake of more than 90% 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”.
Purchasers of Gamuda Gardens have seen an increase in their investment, with the first phase of terrace homes, launched in 2017, transacting up to 20% appreciation today. Such denotes the proven track record of Gamuda Gardens being an attractive dwelling location and investment.
With an estimated gross development value of RM3.3 billion, 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.
The parcel will see a mix of landed residential and commercial properties.
Highly Synergistic and Value Creating Acquisition
“Our investment in this new parcel represents our strategic approach to create synergy for both Gamuda Gardens and this new parcel as 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. The new acquisition will unlock toll-free access from Gamuda Gardens to Rawang town, which will 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,” Chu explained.
As with all Gamuda Land’s developments, sustainability is key to its masterplan. The homes will be designed with biophilic concept, having that connection to nature and built using a sustainable construction method.
“Leveraging Gamuda Engineering’s expertise, 100% of our 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. Using the next generation digital IBS will help reduce 40% carbon footprint during construction and allow us to reduce our dependency on foreign workers by 55%. 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,” Chu said.
New Pulse of Northern Klang Valley
Launched in 2017, Gamuda Gardens is set amidst naturally undulating terrain with rolling hills. The project leverages its strong masterplan that is nature and community-centric including a lush 50-acre central park featuring two waterfalls and five cascading lakes. The pet-friendly central park, located next to a vibrant waterfront village, with specially curated retail and F&B offerings, opens up to the neighbourhoods, offering residents a serene and green lifestyle surrounded by nature. The township will also be well supported by a 50-acre Gamuda Gardens City Centre which will be a retail-tainment hub that will boost the township’s vibrancy to be the pulse of north Klang Valley in the coming years. One key partnership for this is New Zealand based Skyline Luge’s Activity Park, the first in Malaysia, targeted for opening in Gamuda Gardens by end of 2023.
The entire Gamuda Gardens, including this new plot of land will also be easily accessible via 3 major highways namely, North-South Expressway, LATAR Highway and Guthrie Corridor Expressway.
Currently, Gamuda Land’s remaining landbank stands at 3,344 acres amounting to RM55.3 billion in gross development value with a total development period of 15 years. These landbanks are spread across Malaysia, Vietnam, Australia, Singapore and the United Kingdom.
To know more about Gamuda Land’s developments, visit www.gamudaland.com.my