Gamuda bids highest for land in Singapore’s Anchorvale Crescent
Gamuda

By TMR

Gamuda Bhd’s wholly owned subsidiary Gamuda (Singapore) Pte Ltd’s joint venture (JV) with Evia Real Estate (7) Pte Ltd has emerged as the highest bidder for the 51,411.9 sq m land parcel at Anchorvale Crescent in Singapore.

The tender was priced at S$318.89 million (RM963 million) for the land designated for an executive condominium development.

“The Provisional Tender Results was announced by the Housing and Development Board of Singapore (HDB) after the tender closing date on Sept 14, 2018,” Gamuda noted in an exchange filing yesterday.

“Gamuda will make the necessary announcement on the tender upon receipt of the Letter of Acceptance which will be issued by HDB to the successful tenderer, namely Gamuda Spore-Evia JV in due course,” it added.

Gamuda’s shares remained flat as at 5pm yesterday at RM3.42, despite opening one sen higher at RM3.43 in the morning. The stock saw 3.18 million shares traded in the day, giving it a market capitalisation of RM8.44 billion. — TMR