Gamuda submits RM963 million joint bid for Singapore land

KUALA LUMPUR: Gamuda Bhd and Evia Real Estate (7) Pte Ltd, which jointly tendered for a 51,411.9-square metre plot of land at Anchorvale Crescent in Singapore, have emerged with the highest bid at S$318.89 million (RM963 million).

In a filing with Bursa Malaysia today, Gamuda said the Housing and Development Board of Singapore (HDB) had announced the provisional tender results after the exercise’s closing date on Sept 14.

The Malaysian property developer, which participated in the tender via its wholly-owned subsidiary Gamuda (Singapore) Pte Ltd, said the site was earmarked for an executive condominium development project.

Gamuda added that it would make a further announcement on the tender on receipt of the letter of acceptance from HDB to the successful tenderer, Gamuda Singapore-Evia Joint Venture.