{"id":572,"date":"2025-06-11T08:01:08","date_gmt":"2025-06-11T08:01:08","guid":{"rendered":"https:\/\/hartaco.com\/?p=572"},"modified":"2025-06-11T08:01:08","modified_gmt":"2025-06-11T08:01:08","slug":"gamuda-secures-premium-malaysian-site-for-high-end-development","status":"publish","type":"post","link":"https:\/\/hartaco.com\/index.php\/2025\/06\/11\/gamuda-secures-premium-malaysian-site-for-high-end-development\/","title":{"rendered":"Gamuda secures premium Malaysian site for high-end development"},"content":{"rendered":"<p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/hartaco.com\/wp-content\/uploads\/2025\/06\/Gamuda_secures_premium_Malaysian_site_for_high-end_development_v1_generated_image_20250611160105.png\" alt=\"Article featured image\"\/><\/figure>\n<\/p>\n<p>Malaysian property giant Gamuda Berhad has secured a strategic foothold in Vietnam&#8217;s real estate market with a $38.9 million land acquisition in Hai Phong. The deal marks another milestone in the company&#8217;s aggressive expansion across Southeast Asia, with plans to develop a 37-story mixed-use complex featuring residential, commercial, and parking facilities spanning nearly 150,000 square meters.<\/p>\n<p>The ambitious project received preliminary approval from Hai Phong authorities last year, with construction slated to begin in 2026 and wrap up by 2028. Gamuda estimates the development will generate $222 million in gross value, reinforcing Vietnam as a key revenue driver\u2014already accounting for MYR1.1 billion in sales during the first half of fiscal 2025. The company\u2019s growing portfolio in the country includes high-profile projects in Hanoi, Ho Chi Minh City, and Binh Duong.<\/p>\n<p>Local subsidiary Trang An Real Estate Investment JSC, backed by Gamuda, secured the 11,321-square-meter plot after officials rezoned former agricultural land for urban development. The 50-year lease begins this October, allowing construction of residential towers alongside shared infrastructure. Malaysian executive Liew Bing Fooi, who oversees multiple Gamuda-linked ventures in Vietnam, will lead the project as legal representative.<\/p>\n<p>With Vietnam contributing significantly to Gamuda\u2019s overseas earnings\u201467% of its MYR1.8 billion property revenue\u2014the Hai Phong development underscores the firm\u2019s long-term commitment to the market. Since entering Vietnam in 2007, Gamuda Land has cultivated a diverse portfolio, from Hanoi\u2019s Gamuda City to Ho Chi Minh\u2019s Celadon City, positioning itself as a major player in the country\u2019s urban transformation.<\/p>","protected":false},"excerpt":{"rendered":"<p>Malaysian property giant Gamuda Berhad has secured a strategic foothold in Vietnam&#8217;s real estate market with a $38.9 million land acquisition in Hai Phong. The [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-572","post","type-post","status-publish","format-standard","hentry","category-new"],"_links":{"self":[{"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/posts\/572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/comments?post=572"}],"version-history":[{"count":1,"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/posts\/572\/revisions"}],"predecessor-version":[{"id":573,"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/posts\/572\/revisions\/573"}],"wp:attachment":[{"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/media?parent=572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/categories?post=572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/tags?post=572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}