Gamuda Land expands Singapore portfolio with Chencharu Close win

Gamuda Berhad has announced that its property arm, Gamuda Land, has formally executed the acceptance of the award for a significant land parcel at Chencharu Close, Yishun, Singapore.

The site, which was successfully tendered, carries a consideration of SGD1,012 million (RM3,305 million) and was secured through a joint bid by Gamuda (Singapore) Pte Ltd (50% stake), Evia MCS Pte Ltd (30%), and H108 Pte Ltd (20%).

The project will deliver a mixed-use development comprising up to 875 residential units and 12,600 sqm of commercial space, anchored by community facilities such as a hawker center and bus interchange.

Strategically located within the mature northern corridor at Yishun, the precinct is projected to yield 10,000 new homes by 2040, ensuring long-term housing demand.

Strengthening Singapore presence with local partnerships

The win underscores Gamuda Land’s continued partnership with Evia and H108, who bring deep local expertise and proven market knowledge.

By combining its regional development capabilities with the partners’ insights, Gamuda Land is well-positioned to deliver a project that resonates strongly with Singapore homebuyers while enhancing community vibrancy in Yishun.

With Singapore’s strong property take-up rates and limited land supply, the Chencharu Close development is expected to be a key contributor to the group’s property divisions sales.

Impact on group performance

The Chencharu Close development is expected to strengthen group sale performance in the coming years, providing both revenue visibility and earnings diversification.

Gamuda Land’s 50% equity stake ensures a meaningful contribution to Group performance, while also reinforcing its QTP strategy in high-demand urban markets.

Proven track record in Singapore

Gamuda has been active in Singapore since 2015 through both infrastructure and property projects. Its fully sold GEM Residences and OLÁ developments (SGD1.35 billion, RM4.4 billion combined GDV) proved its ability to deliver successful residential projects, while contracts such as the Cross Island Line MRT stations and tunnels and the Gali Batu Multi-Storey Bus Depot underscore its infrastructure credentials.

Together with Evia and H108, Gamuda aims to deliver another project that integrates seamlessly into Singapore’s urban fabric by working in close coordination with agencies such as the Land Transport Authority (LTA) and the Urban Redevelopment Authority (URA).

Commitment to sustainability

Aligned with Singapore’s Green Plan 2030, the project will target BCA Green Mark Rating of Green Mark Platinum Super Low Energy (SLE), Gamuda’s ESG commitments and its philosophy of creating communities that stand the test of time.

Founded in 1976, Gamuda Berhad has grown into a regional engineering, property, and infrastructure leader. The group is known for its innovative solutions and commitment to excellence, with a presence across Malaysia, Taiwan, Singapore, Australia, the United Kingdom, India, Vietnam, Bahrain, and Qatar.

Gamuda Berhad's differentiated strengths and expertise underscore its growth over five decades. The group conceptualizes, designs, and delivers leading insights and engineering solutions.

The cornerstone of Gamuda Berhad's delivery capabilities relies on a long-term commitment to understanding the environment and focusing on positive contributions to society as the group continues to shape the infrastructure landscape with its vision: "Leading the region in breakthrough solutions.” Learn more at gamuda.com.my.

Gamuda Land is the property arm of Gamuda Berhad - the regional nation builder with a spectrum of experience and expertise in engineering, construction and infrastructure concessions based in Malaysia.

Gamuda Land has over two decades of experience in developing townships, high-rise developments, country clubs and commercial real estates. Some of its high profile, award-winning projects in Malaysia include Gamuda Cove, Gamuda Gardens, twentyfive7, Horizon Hills, Kota Kemuning, Bandar Botanic, Jade Hills and Valencia among others; more notably, its international foothold is further strengthened by its overseas projects in Australia, Singapore, Vietnam and the United Kingdom respectively, some of which have also won numerous awards.

In Vietnam, Gamuda Land currently owns eight projects in Hanoi, Ho Chi Minh City, Dong Nai, and Hai Phong, creating vibrant destinations that harmoniously blend nature with modern living.