Gamuda Expands Gamuda Cove with New Land Acquisition in Selangor
Gamuda Bhd (KL:GAMUDA) is set to enhance its Gamuda Cove township in Selangor with the acquisition of three additional plots of land, totaling 336 acres. The purchase price of RM248.7 million translates to approximately RM17 per square foot, and the transaction is expected to be completed by the second quarter of 2026.
This expansion aligns with Gamuda’s strategic vision to increase its landed residential and commercial offerings within the popular township. The newly acquired land, located at the southern tip of Gamuda Cove, will help Gamuda meet the rising demand for quality landed properties amid a master-planned community.
Strategic Expansion: Why Gamuda Cove?
Gamuda Cove, located in Selangor, is a 1,500-acre township known for its blend of residential, commercial, and lifestyle amenities. Situated between the Kuala Langat Forest Reserve and Paya Indah Wetlands, it offers a natural, sustainable living environment while maintaining urban connectivity.
The new acquisition from Gagasan Ilmu Sdn Bhd will:
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Increase Land Bank: Ensuring continued development opportunities.
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Enhance Township Appeal: Offering a broader range of landed homes.
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Meet Market Demand: Catering to buyers looking for spacious, quality residential units.
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Boost GDV: Expected to add RM2.2 billion in gross development value.
“The new land parcel will introduce a fresh range of residential products tailored to meet the growing demand for quality landed homes set amid a master-planned township, ensuring the continued success of Gamuda Cove,” said Chu Wai Lune, Head of Property Development at Gamuda.
Project Details: What’s Planned for the New Land?
The newly acquired land will primarily host:
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Landed Residential Homes: Addressing the growing demand for spacious living.
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Commercial Properties: Enhancing the economic vibrancy of the township.
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Lifestyle Amenities: Supporting a holistic living environment.
Why Landed Homes?
Landed properties remain highly sought after in Selangor, particularly within large, master-planned townships like Gamuda Cove. The addition of new residential products will ensure that the development remains relevant and attractive to both residents and investors.
Gamuda Cove: A Growing Township
Since its inception, Gamuda Cove has been positioned as an eco-friendly township, integrating natural landscapes with modern living. The project is designed to deliver over 5,000 homes by 2026, catering to families, professionals, and investors seeking a balanced lifestyle.
Key Features of Gamuda Cove:
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Sustainable Urban Design: Nestled between a forest reserve and wetlands.
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Integrated Living: Combining residential, commercial, and lifestyle elements.
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Upcoming Attractions: ASAI Gamuda Cove hotel, developed in collaboration with Dusit International Group, slated to open in 2026.
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Transport Connectivity: Easy access to major highways and public transport.
Economic and Market Impact
Despite securing this strategic acquisition, shares of Gamuda ended down two sen or 0.4%, closing at RM4.59 on Friday. The company’s market capitalization stands at RM26.47 billion, though the stock has declined 3.2% year-to-date.
Why the Market Dip?
Investors may be cautious due to:
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High Acquisition Cost: RM248.7 million for 336 acres.
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Long Completion Timeline: Development not expected to complete before 2026.
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Lower Short-Term Profitability: As the new project phase may take time to generate revenue.
Nonetheless, the long-term outlook remains positive as the new development aligns with the growing demand for landed properties in the area.
Why the New Land Matters for Gamuda
The acquisition underscores Gamuda’s commitment to strengthening its presence in Selangor’s real estate market. By focusing on landed homes, the company is responding to a clear market demand while ensuring that Gamuda Cove remains a preferred residential destination.
Key Benefits:
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Replenishing Land Bank: Ensuring continued project pipeline.
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Revenue Growth: RM2.2 billion GDV to support future financial performance.
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Enhanced Township Appeal: More diverse property offerings attract a broader demographic.
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Sustainability Commitment: Maintaining a balance between urban development and ecological preservation.
Future Prospects: Gamuda Cove’s Continued Evolution
With its strategic expansion, Gamuda Cove is set to become a flagship development in Selangor, offering a mix of residential, commercial, and lifestyle opportunities. The planned addition of ASAI Gamuda Cove hotel reflects the township’s ambition to become a lifestyle and leisure hub, appealing to both locals and tourists.
Upcoming Milestones:
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Completion of Acquisition: Second quarter of 2026.
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Launch of New Landed Homes: Likely post-acquisition finalization.
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Hotel Opening: ASAI Gamuda Cove, 2026.
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Delivery of First 5,000 Homes: By 2026.
Final Thoughts: A Calculated Expansion
Gamuda’s latest acquisition at the southern tip of Gamuda Cove represents a strategic move to maintain its market relevance while capitalizing on the increasing demand for landed properties. The inclusion of diverse residential offerings ensures that the township remains attractive to families and investors alike.
By expanding its land bank in an established township, Gamuda positions itself for sustainable growth while reinforcing its commitment to quality urban living. As the new phase unfolds, stakeholders will watch closely to see how this ambitious plan translates into long-term value.
For potential buyers and investors, the upcoming launches within Gamuda Cove represent a unique opportunity to be part of a thriving, eco-centric community at the heart of Selangor. Stay tuned for more updates on this exciting development!
