GDB Holdings Clinches RM1.02 Billion Contract For Desa ParkCity Residential Development
GDB Holdings Bhd has secured a RM1.017 billion contract for a residential development in Desa ParkCity, Kuala Lumpur. The project involves two high-rise residential towers. The contract was awarded on Oct 21, 2026. GDB's subsidiary, Grand Dynamic Builders, will undertake the construction.
What it means for buyers, tenants and investorsBuyers of the Desa ParkCity residential development can check the construction progress and timeline, now that GDB Holdings has been awarded the contract.
What it means for Japanese buyers
GDB Holdings Bhd has secured a RM1.017 billion contract for a Desa ParkCity residential development in Kuala Lumpur.
Japanese buyers of these units can expect construction to proceed, with Grand Dynamic Builders undertaking the work.
Buyers should note that as foreigners, they need to meet the Kuala Lumpur minimum purchase price of RM1 million and obtain state authority consent, as per FACTS rule 1.
Written by AI from the original headline and summary and from published rules. Check figures and conditions with the original report and official sources. This is not investment advice.
Key facts
| Areas | Kuala Lumpur |
|---|---|
| Section | Construction & development |
| Date | |
| Source | Business Today ↗ |
Related guides
Related properties and areas
From our guidesMore guides →
Our own explainers on renting, buying and investing in Malaysian property: the steps, the costs and the rules.
GuideAreas & livingBest Areas to Live in Kuala Lumpur 2026: For Families, Expats and Commuters
GuideBuying & investingRent vs Buy in Kuala Lumpur 2026: Which Costs Less Over 10 Years?
- Guide
Cost of living in Malaysia: a monthly breakdown for Kuala Lumpur
- Guide
International schools in Kuala Lumpur: curriculum, area and fees
Related news
- SoftBank, Grab and Petros sign pact to develop AI infrastructure in Malaysia
- Jati Tinggi bags RM33.1m data centre power infrastructure contract
- Kitacon Clinches RM54 Million Construction Contract From SDP Elmina
- Binastra marks major milestone with RM303.8 million smart warehouse contract win
- Nestcon secures RM161m contract to build serviced apartments in Selangor
