Swift response to market changes

Six-star quality: The Grand Library at the lobby.

CHANGING strategy midway can be a gamble, but for Gamuda Land, its maiden Australian venture – 661 Chapel St in Melbourne – has paid off handsomely. To date, the project has already achieved a 70% take-up rate.

Chief executive officer Ngan Chee Meng said the group decided to amalgamate the number of units for 661 Chapel St in South Yarra amid a slowing property market.