Gamuda buying 336-acre land near Gamuda Cove project
The expansion at the southern tip of Gamuda Cove will allow the company to develop landed homes and commercial properties with a gross development value of RM2.
The expansion at the southern tip of Gamuda Cove will allow the company to develop landed homes and commercial properties with a gross development value of RM2.
The price tag took into account the property’s net book value at end-March 2024 of RM3.
“This strategic partnership is set to accelerate the development of LIDO into a dynamic, world-class metropolis in the heart of Malaysia’s Southern region.
During the nationwide sales campaign, approximately 30 of Setia’s flagship townships will host lifestyle events across their respective sales galleries in Klang Valley, Penang, Johor, and Sabah, including Setia Alam, Setia AlamImpian, Setia EcoHill, Setia Fontaines, Setia Eco Gardens and Setia Aeropod.
Arika@Kubang Kerian comprises 668 fully furnished residential units and 26 commercial shoplots.
Khaya Residences will comprise 795 serviced apartment units in a 61-storey L-shaped block.
“Klebang is selected due to its strategic location within the Straits of Melaka Waterfront Economic Zone (SM-WEZ), which offers significant growth potential through its coastal accessibility, expanding infrastructure, and alignment with Melaka’s long-term economic transformation agenda,” stated LBS Bina.
Located within the Ibrahim International Business District (IIBD), the southern corridor’s core economic nucleus, Quayside JBCC is a 195-metre ultra-luxury freehold development, comprising 482 serviced suites, 24 commercial retail units and 200 hotel suites.
The first phase of Halaman collection will feature two-storey dwellings in the form of 54 semi-detached homes and 16 bungalows, which will have an estimated gross development value of RM165.
BPMB said the financing was evaluated using its Measuring Impact on National Development framework, which checks alignment with the 12th Malaysia Plan and ESG goals.