KUALA LUMUR: GDB Holdings Bhd
's wholly-owned unit Grand Dynamic Builders Sdn Bhd has secured a RM1.02bil contract from Perdana ParkCity Sdn Bhd to build a luxury development called ParkCity Residences in Desa ParkCity.
Grand Dynamic Builders will undertake the construction of two residential blocks ranging from 49 to 63 storeys, comprising 433 apartments. It will also build a seven-storey podium housing residential amenities and a two-storey basement car park.
The project will commence in November 2026 and is slated for completion in August 2031.
GDB said the contract is the largest residential award secured in its history. Year-to-date, its job wins have hit a record RM1.81bil while its total order book expanded to about RM2.05bil, providing earnings visibility until 2031.
“Perdana ParkCity has entrusted GDB with their flagship developments for over a decade, reflecting their confidence in our execution capabilities, quality workmanship,
and timely delivery.
"With a strong project pipeline across Peninsular and East Malaysia, we are well positioned to deliver sustained performance in the coming years," said GDB executive director and acting group managing director Andy Lai Wee Young in a statement.
