Comprising 280 rooms across 13 storeys with room sizes ranging from 220 sq ft (square feet) to 650 sq ft, ASAI Gamuda Cove has a total built-up area of 180,000 sq ft and it is slated to open in 1Q2026.
Other developers on the Top 10 list were: Sunway Bhd — property division (No 2), S P Setia Bhd (joint No 3), Sime Darby Property Bhd (joint No 3), UOA Development Bhd (joint No 3), IOI Properties Group Bhd (No 4), IJM Land Bhd (No 5), Eco World Development Group Bhd (No 6), UEM Sunrise Bhd (No 7), Mah Sing Group Bhd (No 8), Matrix Concepts Holdings Bhd (No 9) and IGB Bhd (No 10).
Maya Bay Residences comprises three towers of serviced apartments with a total of 972 units.
Maybank Investment Bank Bhd (Maybank IB) said that Gamuda winning the contract to design and build the Kaohsiung Mass Rapid Transit (MRT) metropolitan line has lifted the group’s outstanding orderbook by 15% to RM23.
The 12 tenants are Jihun Korean Fried Chicken, My BurgerLab, BarTailor, Chinese traditional herbal jelly and tea vendor Koong Woh Tong, beauty and collagen drink company Kinohimitsu, Anytime Fitness, Regen Healthcare, children’s toy store Alilo, swimming school Optimum Train Global, drama school Blubricks, Ace Edventure, and STEM programme center Robothink.
In a note on Monday, the research house said Gamuda’s FY2023 CNP grew 7% year-on-year, another record high, as contributions from overseas engineering and construction (E&C) jobs offset earnings foregone post the sale of its tolled highways in October 2022.
On Wednesday, Gamuda reported that its net profit rose to RM1.
In a note on Friday, TA Securities said Gamuda’s FY2023 core profit of RM804.
“Property sales rose to an all-time high of RM4.
In a sector update on Thursday, the research house said that moving forward, the federal government may now be able to focus its efforts to roll out big-ticket infrastructure projects, in addition to implementing institutional reforms.
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