Gamuda forks out RM1.5bil to acquire land for Vietnam development FMTNews FMTBusiness
Gamuda Land has four projects in Vietnam, namely Gamuda City in Hanoi, Celadon City and Elysian in Ho Chi Minh City, and Artisan Park in Binh Duong, outside of Ho Chi Minh City.
Tam Luc Real Estate’s jewel in the crown is its 3.7-hectare project land in Tam Luc City, which has been gazetted as the Innovation Hub of Ho Chi Minh City. Gamuda Land plans to develop 1,968 exclusive apartments, 12 penthouses, 51 podium shops and 21 shophouse units across six towers of up to 40 levels, to be fully developed and sold within five years.
This project will enable Gamuda Land to continue its strong trajectory of profitable growth in Vietnam, said Gamuda.
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