Gamuda Land has secured the joint-venture bid for the Chencharu Close mixed-use development in Yishun, near Khatib MRT in North Singapore, a significant milestone that deepens our presence in one of Asia’s most stable and competitive property markets.
For Gamuda, this project is a meaningful contributor to our long-term growth. With a projected Gross Development Value (GDV) of RM6.6 billion and a 50 percent equity stake, Chencharu Close will support the Group sales and earnings from FY27 onward, strengthening our presence in Singapore. It also aligns strongly with our Quick Turnaround Project (QTP) strategy, which focuses on well-located urban developments with strong, immediate market appeal.
More than a project win, Chencharu Close also represents our steadfast presence in Singapore, culminating years of groundwork, collaboration and trust that Gamuda has built across both property and infrastructure in the Lion City.
Gim Teck Yew, Gamuda Land’s Chief Executive Officer reflected on this achievement.
“This win is a deliberate and strategic move to strengthen our regional portfolio. It also reflects our confidence in Singapore’s resilient property landscape and presents a first-mover advantage in the island republic’s north as the Government advances its plans to rejuvenate the region. It is a rare opportunity to deliver a development anchored by an integrated bus station, which enables us to leverage Gamuda’s combined strengths in transport infrastructure and property development.” Gim Teck Yew
Building the Next Neighbourhood
Chencharu Close, as many other developments in Singapore, is part of the plan to provide better housing and quality living environment for all, especially for current and future generations to come and to support an ageing population.
Featuring up to 875 homes, 12,600 sqm of commercial space and essential amenities, including a bus interchange and hawker centre, these amenities are a nod to Singapore’s unique culture and urban way of life.
A key emphasis is on making neighbourhoods easier to live in day-to-day. Walkable streets, accessible public transport, shared green spaces and community facilities are planned to encourage interaction and strengthen community ties. At the same time, care is taken to preserve local character by integrating heritage elements into new developments.
As Chow Kaiyi, Gamuda Land’s Head of Singapore, explained:
“Chencharu Close is more than a mixed-use development. It is an opportunity for us to demonstrate what thoughtful, people-centred placemaking can achieve in a mature environment. By bringing together homes, commerce and seamless mobility in one integrated environment, we aim to create a neighbourhood that supports meaningful everyday living.” Chow Kaiyi
Designing a Greener Future
The development is targeting the Building and Construction Authority (BCA) Green Mark Platinum Super Low Energy (SLE) certification, one of Singapore’s highest sustainability standards, awarded to buildings that achieve energy savings by at least 60 percent compared to 2005 baseline levels. If achieved, the certification serves as proof that Chencharu Close is an energy-efficient, low-carbon home designed to support a sustainable lifestyle. It would also contribute to Singapore’s Green Plan 2030, which aims for 80 percent of new buildings (by Gross Floor Area) to be Super Low Energy buildings from 2030.
In dense tropical cities such as Singapore, buildings consume significant energy for cooling. SLE developments focus on reducing consumption while enhancing indoor comfort. A “passive-first” approach optimises building orientation, natural ventilation and high-performance facades to limit heat gain. These strategies are complemented by energy-efficient active systems such as smart air-conditioning, sensors and LED lighting. Together, these features create a cooler, healthier indoor environment and lower utility costs for residents.
For our staff across the Group, this project represents a collective achievement, an example of how our shared values, technical depth and regional ambition continue to open doors in global markets.
