Gamuda Land partners with Hankyu Hanshin for Ho Chi Minh City project

Gamuda Land, a property development firm in Malaysia, has formed a strategic partnership with Hankyu Hanshin Properties Corporation, a Japanese firm, to develop Norton Park, a 7.9-hectare residential project in Ho Chi Minh City. The joint venture, signed on October 31, aims to combine Gamuda Land's expertise in urban planning, property development, and sustainable community building with Hankyu Hanshin's experience in railway development and transit-oriented urban development.

Gamuda Land will lead strategic planning, project management, and implementation, utilizing its extensive experience in Vietnam's property market and proven capabilities in developing large-scale integrated townships. Hankyu Hanshin Holdings, on the other hand, will contribute its knowledge in transit-oriented urban development and residential quality management.

Liew Bing Fooi, chairman of Gamuda Land Vietnam, expressed optimism about the partnership, stating that it marks a significant step in the company's growth journey in Vietnam. He emphasized that by combining their respective strengths, the two companies aim to create a distinctive residential community that caters to the evolving needs of modern urban living.

Ichiro Yamamoto, executive officer and deputy general manager of International Business at Hankyu Hanshin Holdings, highlighted the promising location of Norton Park within Ho Chi Minh City's northern development corridor. He also praised Gamuda Land's achievements and the values behind its success, expressing the company's commitment to creating homes and communities that will benefit local residents for years to come.

The partnership not only strengthens Norton Park's development vision but also reflects Gamuda Land's broader strategy to expand its presence across Vietnam's key economic corridors. The company's Quick Turnaround Project (QTP), launched in 2021, has led to the acquisition of six projects, demonstrating its ability to identify investment opportunities and adapt to market demands.