Gamuda stock expands Vietnam pipeline with Norton Park venture

Published on 11/13/2026 at 01:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Gamuda stock gains a new Vietnam property project through a strategic joint venture with Hankyu Hanshin Properties. Norton Park will add 1,286 homes.

Vietnam partnership expands Gamuda Land

Gamuda Land signed a strategic joint venture with Hankyu Hanshin Properties for the Norton Park residential project in Ho Chi Minh City.
The development is planned to include 1,286 units and handover is scheduled for the third quarter of 2029.
The project adds a seventh acquisition to Gamuda Land's Quick Turnaround Project portfolio in Vietnam.

Gamuda, MYL5398OO002, Illustration mit AI erstellt.

Gamuda Land signed a strategic joint venture with Hankyu Hanshin Properties on October 31 to develop Norton Park, a 7.9-hectare residential project in Ho Chi Minh City. Vietnam Investment Review reported the agreement in November.

New project strengthens Vietnam expansion

Gamuda Land will lead strategic planning, project management and implementation, while Hankyu Hanshin Properties will contribute Japanese experience in transit-oriented urban development and residential quality management. The partnership gives the project a combination of Vietnamese market knowledge, large-scale township delivery and railway-linked urban planning expertise.

Norton Park is planned for Ho Chi Minh City's northern development corridor along National Highway No. 13. The project is expected to comprise 1,256 apartments and 30 ground-floor commercial units, with handover scheduled for the third quarter of 2029.

Quick Turnaround portfolio reaches seven projects

The development is Gamuda Land's seventh acquisition under its Quick Turnaround Project programme, which was launched in 2021 to expand its presence across Vietnam's main economic corridors. The company's existing portfolio includes Eaton Park, Elysian, The Meadow, Springville, Artisan Park and Ambience, alongside the larger Gamuda City and Celadon City townships.

For investors, the agreement broadens Gamuda's property pipeline in Vietnam and links future development to transport infrastructure. Norton Park is expected to benefit from planned regional connectivity improvements, including the proposed Ho Chi Minh City Metro Line 2.

Gamuda's business and market position

Gamuda Berhad is a Malaysian group active in engineering, construction and property development. Gamuda Land focuses on integrated township development and residential projects in Vietnam, including Gamuda City in Hanoi and Celadon City in Ho Chi Minh City. In the Norton Park venture, Gamuda contributes local market knowledge and project delivery, while Hankyu Hanshin Properties brings specialist Japanese experience in transit-oriented development and residential quality management.