KUALA LUMPUR: Gamuda Bhd, through its wholly-owned subsidiary Gamuda Land (T12) Sdn Bhd, has announced the acquisition of a 148.11-hectare parcel of land in Kuala Langat, Selangor, for RM248.7 million.
According to a filing with Bursa Malaysia, the strategic land parcel lies directly south of the existing Gamuda Cove development and will be integrated as an extension of the flagship township. The newly acquired site carries an estimated gross development value (GDV) of RM2.2 billion.
The group stated that the expansion aims to strengthen its township offering by delivering differentiated, branded homes tailored to market demands in the surrounding areas, particularly Dengkil and Rimbayu.
“This land addition will further enhance connectivity to and from Gamuda Cove, catering to the growing population in adjacent townships,” the company said.
Completion of the acquisition is targeted for the second quarter of 2026, subject to customary conditions and approvals.
In a separate statement, Gamuda Land reaffirmed its continued commitment to sustainable development, stating that upcoming projects on the new site will incorporate biophilic design elements and sustainable construction techniques to reduce carbon impact and elevate community liveability.
Gamuda Land, which has delivered over 60,000 homes to date, continues to build on its robust track record in township development. The company has outlined an ambitious five-year investment plan of RM10.5 billion (US$2.4 billion), encompassing a total GDV of RM26 billion (US$6 billion) across key growth markets in Malaysia, Vietnam, and the United Kingdom.
-Bernama
