KUALA LUMPUR, Gamuda Bhd’s wholly owned subsidiary, Gamuda (Singapore) Pte Ltd, together with joint venture partners Evia MSC Pte Ltd and H108 Pte Ltd, has emerged as the provisional winner of a highly contested land tender in Singapore.
In a filing with Bursa Malaysia, Gamuda said the Housing and Development Board (HDB) of Singapore had declared the consortium’s bid of SGD1.01 billion (RM3.33 billion) as the highest received at the close of tender on Sept 11, 2025.
The land parcel, measuring 29,450.3 square metres, is located at Chencharu Close and has been designated for mixed-use development, comprising both commercial and residential components. The project is expected to add vibrancy to the area by integrating retail, lifestyle and community spaces with quality housing.
Gamuda noted that this latest success in Singapore reflects its growing regional footprint and reinforces its strategy of diversifying into overseas property markets. The company added that the venture is well-positioned to leverage its partners’ local expertise to deliver a landmark development in the heart of Singapore.
This marks the second significant win by a Malaysian developer in Singapore within two days. On Wednesday, Sunway Bhd announced that its joint venture with Sing Holdings Residential Pte Ltd had secured a RM2.05 billion tender for a prime parcel at Chuan Grove.
Analysts said the back-to-back successes of Gamuda and Sunway underscore the competitiveness of Malaysian developers in Singapore’s high-value property market. Both projects are expected to generate long-term recurring income and enhance their respective property development portfolios in one of Asia’s most dynamic real estate hubs.
