Thursday 28 Mar 2024
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This article first appeared in The Edge Financial Daily on September 19, 2018

KUALA LUMPUR: Gamuda Bhd confirmed the tender submitted by its wholly-owned subsidiary Gamuda (Singapore) Pte Ltd, a joint venture (JV) with Evia Real Estate Pte Ltd, for a 51,411.9 sq m land parcel at the Singapore’s Anchorvale Crescent site has emerged as the highest bid at S$318.89 million (RM963 million).

In a statement to Bursa Malaysia yesterday, Gamuda said Singapore’s Housing & Development Board (HDB) last Friday announced the provisional tender results, after the tender closed on the same day.

The land has been earmarked for a planned executive condominium development, the statement said.

Gamuda said: “The board of directors of Gamuda Bhd wishes to inform that the tender submitted by Gamuda (Singapore) Pte Ltd, a wholly-owned subsidiary of Gamuda in Singapore (Gamuda Spore) jointly with Evia Real Estate Pte Ltd at a tender price of S$318.89 million, has emerged as the highest bidder.”

“The provisional tender result was announced by the HDB of Singapore, after the tender closing date on Sept 14, 2018. Gamuda will make the necessary announcement on the tender upon receipt of the letter of acceptance, which will be issued by the HDB to the successful tenderer, namely Gamuda Spore-Evia JV, in due course,” Gamuda said.

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