Gamuda makes highest bid for Anchorvale Crescent site

The 20-year contract secured by its unit Metro Parking Management Philippines Inc would also include the construction of an additional 208-bays of steel deck parking structure in MBP - a bustling business hub in the affluent suburb near Alabang Town Centre, one of Metro Manila

KUALA LUMPUR: Gamuda (Singapore) Pte Ltd's joint tender with Evia Real Estate (7) Pte Ltd for a 51,411.9 sq m parcel of land in Anchorvale Crescent, Singapore, has emerged as the highest bid.

Gamuda Singapore, a wholly owned subsidiary of Gamuda Bhd, made a joint bid of S$318.89mil (RM963mil) for the tract earmarked for executive condominium development . 

"The Provisional Tender Results was announced by the Housing and Development Board of Singapore (“HDB”) after the Tender closing date on 14 September 2018.

"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 Joint Venture in due course," Gamuda said in a stock exchange filing.

At 12.30pm, Gamuda was trading three sen or 0.88% higher at RM3.45 on the back of 948,200 shares traded.