Latest news with #ChuWaiLune
The Sun
27-05-2025
- Business
- The Sun
Gamuda Land acquires 336-acre plot for RM248.7m
PETALING JAYA: Gamuda Land has acquired a 336-acre land parcel at the southern tip of the 1,530-acre Gamuda Cove development. This expansion is a move to leverage the success of the adjacent Gamuda Cove, where substantial investments have already been made, resulting in a thriving community. The land was acquired for RM248.7 million, with an estimated GDV of RM2.2 billion. The newly acquired land, strategically positioned south of Gamuda Cove, serves as the southern gateway to the township. Nestled between the lush Paya Indah Discovery Wetlands and the Elite Highway, this acquisition allows Gamuda Land to maximise its placemaking initiatives while capitalising on existing infrastructure investments. The expansion will also provide alternative access routes via Jalan Dengkil–Banting/Bangi, further enhancing the township's accessibility and appeal to a broader market. With most of the planned landed residences in Gamuda Cove already launched, this acquisition is a timely move to replenish Gamuda Cove's residential offerings. The new land parcel will introduce a fresh range of residential products tailored to meet the growing demand for quality landed homes set amidst a master-planned township, ensuring the continued success of Gamuda Cove as a premier residential and commercial hub in the southern corridor of Klang Valley. Gamuda Land CEO Chu Wai Lune said, 'This strategic land acquisition is a continuation of the success we have achieved with Gamuda Cove. Our proven track record in creating sustainable, thriving communities has been demonstrated by the strong uptake of our landed properties, with an average of over 90% sold since 2019. This expansion not only reinforces our commitment to delivering quality homes but also allows us to enhance the overall vibrancy of the township, ensuring it remains a sought-after destination for both residents and investors.' By the end of 2026, Gamuda Cove will have delivered over 5,000 homes, establishing a substantial resident population that provides a strong foundation to support and drive its commercial activities. Gamuda Land's next focus is to deliver commercial vibrancy through strategic partnerships. Additionally, the company secured partnerships with various organ-isations to enhance placemaking in Gamuda Cove, including the introduction of eco-tourism activities at the 90-acre Wetlands Arboretum and Paya Indah Discovery Wetlands. These initiatives will complement existing attractions such as SplashMania Waterpark and Discovery Park, further enriching the township's appeal. These new offerings will create a dynamic, family-friendly destination that encourages visitors and tourists to support businesses in Townsquare and the upcoming Cove Centrum retail hub. Gamuda Cove is also ready to welcome ASAI Gamuda Cove hotel in 2026, a lifestyle hotel developed in partnership with Dusit International Group. Accessibility to Gamuda Cove will be further complemented via the Cyberjaya toll-free interchange which is targeted to be ready in August 2025. This new interchange will significantly improve con-nectivity, reducing travel times to and from Cyberjaya to under 15 minutes. Gamuda Land's masterplanning approach integrates sustainability and community-centric design, ensuring a well-balanced township that harmonises with nature. Future developments in the newly acquired land will incorporate biophilic design elements and sustainable construction methods, reinforcing Gamuda Land's commitment to reducing carbon footprints and enhancing liveability. To date, Gamuda Land has delivered over 60,000 homes, showcasing its strong track record in township development. This latest acquisition aligns with the company's balanced approach to township development, ensuring long-term growth while complementing its Quick Turnaround Project strategy. It also supports Gamuda Land's broader plan to invest RM10.5 billion over the next five years, with a total GDV of RM26 billion, focusing on growth corridors in Vietnam, Malaysia, and the UK.
New Straits Times
16-05-2025
- Business
- New Straits Times
Gamuda buys 136-ha land for nearly RM250mil to expand Gamuda Cove development
KUALA LUMPUR: Gamuda Bhd, through subsidiary Gamuda Land (T12) Sdn Bhd, has signed three sale and purchase agreements to buy three plots of land for RM248.7 million. The leasehold land is expected to contribute a gross development value (GDV) of RM2.2 billion over an estimated period of 11 years, according to a bourse filing. The acquisition of the combined 136 hectares is part of Gamuda's ongoing strategy to expand the southern tip of its 619-hectare Gamuda Cove development. Gamuda said the proposed acquisition is expected to be completed by second quarter of 2026. Nestled between the lush Paya Indah Discovery Wetlands and the Elite Highway, Gamuda said the acquisition allows Gamuda Land to maximise its placemaking initiatives while capitalising on existing infrastructure investments. The expansion will also provide alternative access routes via Jalan Dengkil-Banting/Bangi, further enhancing the township's accessibility and appeal to a broader market. Gamuda Land chief executive officer Chu Wai Lune said the land acquisition is a continuation of the success achieved with Gamuda Cove. "This expansion not only reinforces our commitment to delivering quality homes but also allows us to enhance the overall vibrancy of the township, ensuring it remains a sought-after destination for both residents and investors," he said in a statement. Gamuda Land said the township will have delivered over 5,000 homes by the end of 2026, establishing a substantial resident population that provides a strong foundation to support and drive its commercial activities. It noted that the next focus is to deliver commercial vibrancy through strategic partnerships, while securing partnerships with various organisations to enhance placemaking in Gamuda Cove. This includes the introduction of eco-tourism activities at the Wetlands Arboretum and Paya Indah Discovery Wetlands. "These initiatives will complement existing attractions such as SplashMania Waterpark and Discovery Park, further enriching the township's appeal," it added.
Malaysian Reserve
07-05-2025
- Business
- Malaysian Reserve
Gamuda Cove to add zoo, eco-resorts and themed playground in new expansion
by AUFA MARDHIAH GAMUDA Cove is expanding its tourism and community offerings with a new zoo, eco-resorts and an indoor children's playground, following the signing of strategic partnerships with four local and international companies. The latest additions were announced yesterday by GL Play, the leisure and hospitality arm of Gamuda Land, which signed Memoranda of Understanding (MoUs) with Enfiniti Escapes Sdn Bhd, One Universal Production Sdn Bhd (OUP), Wonderful Wildlife & Recreation Management Sdn Bhd (WWRM), and Seven Evernew PLT. GL Play said the new attractions will be located across the 450-hectare Paya Indah Discovery Wetlands (PIDW), the adjacent 36-hectare Wetlands Arboretum, and The Hive at the township's central hub. Gamuda Land CEO Ir Chu Wai Lune noted that these additions form part of a larger story that Gamuda Cove is telling. 'A story about living well, with nature at your doorstep,' he said in a statement. Under the collaboration with WWRM, a new zoo called Zoorasic Playland will be established, featuring nearly 90 species of animals including the bat-eared fox and black palm cockatoo. The project will prioritise conservation and education, supported by guided tours and wildlife shows curated under the supervision of the Department of Wildlife and National Parks (Perhilitan). In the joint statement, Perhilitan welcomed the collaboration between GL Play and WWRM, which places conservation, education and animal welfare at its core. Its Deputy Director General Datuk Hasnan Yusop believed the initiative will foster greater awareness of Malaysia's rich biodiversity and contribute to eco-tourism and family-friendly attractions in Selangor. Two new eco-stay concepts will also be introduced. Enfiniti Escapes, known for its Tiarasa Escapes glamping resort in Janda Baik, will develop a lakeside retreat at Gamuda Cove. Enfiniti Group's Chief Dream Maker Puan Sri Tiara Jacquelina said following the success of Tiarasa Escapes, Tiarasa Lakeside is the next chapter. 'This is not just green tourism—it is meaningful restoration of wild places, local communities, and the way we travel,' she said. Meanwhile, OUP will redevelop the existing chalets at PIDW into luxury pool villas and lakefront villas under its Hadi Premium Collection. OUP CEO Alvin Lee said the villas aim to create a 'stylish, immersive retreat' combining seclusion and nature with modern comforts, such as private pools and floating breakfasts. At The Hive, Seven Evernew PLT will launch a 836-sq metre indoor playground named TiniTin Town, designed specifically for children under 10. Themed as a miniature town, the attraction features interactive streets, characters and play structures crafted by local artists. Seven Evernew Director Datuk Paduka Tan Say Yap noted that the vision was inspired by the carefree days of outdoor play—a place where children could run, imagine and grow. The new offerings are part of Gamuda Land's efforts to boost the township's vibrancy and footfall, supporting commercial zones such as Townsquare and the upcoming Cove Centrum retail hub. They also coincide with the anticipated launch of Asai Gamuda Cove, a hotel developed with Thailand's Dusit International, scheduled to open in early 2026. Located off the Elite Highway and within close proximity to KLIA, Gamuda Cove is master-planned as a smart township that integrates eco-tourism, wellness and sustainable living.
New Straits Times
07-05-2025
- Entertainment
- New Straits Times
Gamuda Land's unit GL PLay to bring new attractions to Gamuda Cove
KUALA LUMPUR: Gamuda Land's leisure and hospitality arm GL Play will introduce new attractions across the Gamuda Cove township in Selangor. GL Play on Tuesday signed memoranda of understanding (MOUs) with Enfiniti Escapes (M) Sdn Bhd, One Universal Production Sdn Bhd, Wonderful Wildlife & Recreation Management Sdn Bhd and Seven Evernew PLT for the new attractions. The partnerships will bring a new wildlife experience, two eco-resorts and an indoor children's play centre to locations such as the 1,111-acre Paya Indah Discovery Wetlands, the 90-acre Wetlands Arboretum and The Hive at Gamuda Cove. "These additions are not just exciting on their own; they form part of a larger story we're telling at Gamuda Cove - a story about living well, with nature at your doorstep," said Gamuda Land chief executive officer Chu Wai Lune. "They will complement our existing attractions like SplashMania and Discovery Park, offering something for every visitor, from thrill-seekers to nature lovers, and families with young children." Wonderful Wildlife will collaborate with GL Play to develop a zoo focusing on conservation, education and animal welfare, featuring nearly 90 species of mammals, birds and reptiles. The zoo will also build on GL Play's popular Jungle School Programme with immersive learning experiences such as guided ranger tours, feeding sessions, and wildlife shows. These efforts will be guided by the Department of Wildlife and National Parks to ensure biodiversity and ethical care remain top priorities. Enfiniti Escapes will introduce Tiarasa Lakeside, a luxury eco-resort following its award-winning glamping concept at Janda Baik, while One Universal will transform existing chalets into luxury pool villas under its Hadi Premium Collection. "Following the success of Tiarasa Escapes in Janda Baik, Malaysia's original luxury glamping resort, Tiarasa Lakeside now becomes the next chapter in our journey," said Enfiniti Group chief dream maker Puan Sri Tiara Jacquelina. Meanwhile, Seven Evernew will open TiniTin Town, a 9,000 sq ft indoor themed playground for children under 10, at The Hive.
The Star
29-04-2025
- Business
- The Star
SCALING UP IN THE UK
GAMUDA Land is scaling new heights in the United Kingdom, expanding its footprint in one of the world's most competitive property markets. The company's diversified portfolio now spans residential, commercial and purpose-built student accommodation (PBSA). Its biggest milestone to date is the RM7bil (£1.2bil) redevelopment of 75 London Wall, a major commercial-led regeneration project in the heart of the City of London district. The project, which broke ground in early 2025, represents Gamuda Land's largest overseas investment and a significant step into the UK's institutional-grade property sector. '75 London Wall is a statement of intent. It's a long-term play that reflects our confidence in the UK market and our ability to compete on a global stage, while staying true to our town-making values,' said Gamuda Land chief executive officer Chu Wai Lune. Upon its completion in September 2027, the 14-storey 75 London Wall will have a net lettable office space of over 450,000 sq ft. It is set to become a Grade-A sustainable top-tier office, targeting three sustainability performance ratings – Building Research Establishment Environmental Assessment Method (BREEAM) 'Outstanding', WELL Core 'Platinum' and National Australian Built Environment Rating System (NABERS) UK 5 Star Design. Diversifying into student housing Alongside its flagship commercial development, Gamuda Land is actively expanding into the PBSA sector. Its latest project at City Wharf in Glasgow, Scotland – a joint venture with Dandara Living – features 492 student beds integrated into a broader mixed-use neighbourhood. The development follows the company's first PBSA in Woolwich, London – a 299-bedroom scheme delivered in partnership with Q Investment Partners. Together, these projects form part of its strategy to deliver 3,000 student beds across key cities in the UK by 2029. Gamuda Land's move into the PBSA sector is backed by solid market and economic drivers, including: > Leader in global education: The UK is home to 15 of the world's top 100 universities, with over 2.2 million full-time students. International student enrolment is outpacing the growth of domestic students. > Persistent supply-demand imbalance: The UK has consistently faced a shortage of student accommodation, highlighting the need for quality student housing. Real estate and investment firm CBRE's analysis reveals a deficit exceeding 350,000 PBSA beds across major university towns, with Greater London alone facing a shortfall of 106,000 beds – a 45% increase since 2017-2018. > Changing rental landscape: The increasingly challenging environment for smaller private landlords, with the 5% additional stamp duty hike on April 1 and tighter rental regulations, will further drive demand to professionally managed, institutional-grade PBSA. The UK real estate market offers a blend of transparency, resilience and institutional interest that aligns with the company's growth aspirations. The PBSA in City Wharf in Glasgow, Scotland, addresses the acute shortage of high-quality student accommodation in one of the UK's most vibrant and undersupplied student markets. PBSA is a structurally resilient and counter-cyclical asset class, underpinned by sustained demand from both domestic and international students. It is also viewed as a defensive investment, less exposed to political cycles or volatility, making it a stable asset for long-term capital. 'The PBSA sector aligns well with our strengths. We're not just building accommodation, we're designing better living environments for students through thoughtful planning, sustainability and community integration,' added Chu. In line with Glasgow's climate targets and planning policies, City Wharf's PBSA is designed with a strong emphasis on sustainability, integrating low-carbon and zero-carbon technologies, including air-source heat pumps, to achieve a BREEAM 'Very Good' rating. Strategic expansion Gamuda Land entered the UK market in West Hampstead Central in North London, a boutique residential development, completed and fully sold in 2024. With West Hampstead, Woolwich, City Wharf and 75 London Wall in its portfolio, the developer is growing its presence with a measured approach, combining high-growth sectors with institutional-grade opportunities. 'Our UK strategy is to build a diversified and resilient portfolio, balancing short and long-term assets, from income-generating PBSAs to value-accretive commercial projects,' said Chu. He added that the company is actively pursuing several more PBSA opportunities across key university cities in the UK. Creating value As a homegrown developer with a growing global presence, the company continues to draw from its experience in master-planning award-winning townships like Gamuda Gardens, Gamuda Cove and twentyfive7 in Malaysia. The same principles – placemaking, sustainability and community building – are now being applied in its projects across Vietnam, Australia and the UK. 'Expanding abroad has sharpened our capabilities and broadened our perspective. 'It gives us valuable insights into evolving lifestyles, regulatory frameworks and urban challenges, which, in turn, strengthen the way we plan, design and deliver our projects back home in Malaysia,' said Chu. Looking forward With ongoing projects in Vietnam, Singapore, Australia and the UK, the developer's international ventures are a core pillar of its long-term growth strategy. To date, it has invested over RM1.91bil (£340mil) in the UK market, with plans to invest a further RM1.24bil (£220mil) as it scales up its presence in high-growth corridors. This expansion is part of Gamuda Land's broader investment blueprint, which includes RM10.5bil in capital deployment over the next five years, and a total projected gross development value of RM26bil across key markets. 'With strong capital commitment, we are steadfast in scaling our long-term presence in the UK with confidence. And we are actively seeking like-minded partners to match equity in these developments. 'The UK is a sophisticated and mature market – one that rewards long-term thinking and quality execution. We believe there's a real opportunity for strategic co-investment that delivers both financial and social returns,' said Chu. Over the next five years, the company is targeting a balanced sales contribution of 40% from Malaysia, 45% from Vietnam and 15% from the UK, Australia and other regions. As Gamuda Land strengthens its UK footprint, its priority remains clear: delivering high-quality, sustainable developments that respond to the country's evolving market dynamics and long-term housing needs. 'As we build our footprint abroad, we're proud to bring the same values and quality we're known for at home,' said Chu. 'It's about creating places that stand the test of time – wherever they are in the world.'
