Gamuda Land, a leading Malaysian property developer, has invested an additional 1.12 billion USD in the Yen So Park project, contributing significantly to Hanoi’s foreign direct investment (FDI) attraction of 1.39 billion USD in May 2025.
According to the Gamuda Land website, the company was established in 1995 as the property development arm of Gamuda Berhad, a top Malaysian infrastructure and construction firm. Gamuda Land entered the Vietnamese market in 2007 and is currently investing in several large-scale projects, including Gamuda City in Hanoi, Artisan Park in Binh Duong, Springville in Dong Nai, and Celadon City, Elysian, Eaton Park, and The Meadow in Ho Chi Minh City.
Yen So Park is part of the Gamuda City project, which was initiated in 2007 with an initial plan to complete it by 2015.
Gamuda City, built on the land known as the “Yen So water basin” in Hoang Mai district, comprises five main subdivisions: Yen So Park, two residential areas (Gamuda Lakes and Gamuda Gardens), and two commercial centers (Gamuda Central and Gamuda Plaza).
Before the additional investment of 1.12 billion USD, the Yen So Park project had a registered capital of 13,662.9 billion VND (846 million USD). The project is being constructed on an area of 93.5 hectares, accommodating a population of 8,000 people. The urban functional area covers 18.5 hectares (19.8% of the total area), the park and green space area is 63.5 hectares (67.9%), and the road system takes up 11.5 hectares (12.3%).
In May 2024, Gamuda announced that the project was eight years behind schedule and that only 20.5% of the registered capital had been disbursed. As a result, the company proposed several adjustments to the project. One proposal was to increase the total investment capital by 2.16 times to 29,518 billion VND. The company also requested to reduce the scale of the entire Gamuda City project from 322.6 hectares to 297.3 hectares.
In April 2025, the Prime Minister issued a decision approving the adjustment of the investment policy for the project. The project’s duration has been changed to 50 years from 2011 (compared to the previous plan of 50 years from 2007). The capital contribution schedule is set annually from 2025 to 2032. Additionally, the construction and operation schedule for the project is divided into two phases: Zone A to be completed by 2027 and Zone B by 2030.
The Prime Minister also instructed the Hanoi People’s Committee to urgently carry out compensation, support, and site clearance for the remaining area to ensure the project’s progress.
The Capital of Triumph – Gamuda Land: Strengthening the Strategic Alliance
On May 31st, Khai Minh Land – a member of Khai Hoan Land Corporation (HOSE: KHG) – and Gamuda Land reinforced their strategic partnership by announcing Khai Minh Land as the official distributor for the SpringVille project. This collaboration underscores the enduring and robust relationship between the two companies.
“Haiphong Reallocates 10,000 Square Meters of Rice Fields for Commercial Development, Partnering with Gamuda Land-Affiliated Enterprises”
“In the first half of the 2025 financial year, Gamuda reported a remarkable 50% year-on-year increase in property sales, totaling 1.8 billion ringgit. Vietnam emerged as the top market, contributing 1.1 billion ringgit (approximately 6.8 trillion dong) to this impressive performance.”
The Conquest of the Coast: Gamuda Land’s New Venture in Hai Phong
Sharing the news with The Star in mid-January, Gamuda Land Vietnam’s Chairman, Angus Liew, revealed the company’s plans to invest 7.1 billion RM (equivalent to 40.7 trillion VND) in Vietnam over the next five years. The company aims for a gross development value of 14.3 billion RM (over 82 trillion VND).
“Eaton Park Enchants: 99% of Second Batch Sold in a Week”
Nearly all the units in the Eaton Park development, launched in early December, were sold within a week, an extraordinary occurrence in Ho Chi Minh City’s real estate market.
Bamboo Realty – Premier Brokers for Eaton Park
Bamboo Realty is proud to announce that we have been named the Top Agent for the Eaton Park project, and we are thrilled to share that five of our outstanding team members were recognized in the Best Sales Performer category at The Gala Night. This prestigious event, hosted by Gamuda Land on July 28, 2024, at The Grand Ballroom in Landmark 81, celebrated and honored the top-performing sales partners of the Eaton Park project. It was a night of recognition and celebration for Bamboo Realty as we continue to strive for excellence in the real estate industry.
