Gamuda Land, the property development arm of Gamuda Berhad, has officially signed a strategic joint venture agreement with Hankyu Hanshin Properties Corp. (HHP), a Japanese real estate developer under Hankyu Hanshin Holdings, to jointly develop Norton Park—a 7.9-hectare residential development in Ho Chi Minh City. This milestone marks a significant step in Gamuda Land’s expansion strategy in Vietnam, while paving the way for collaboration between two experienced international property developers with complementary strengths in master planning, infrastructure development, and sustainable community building.

Gamuda Land plays the leading role in strategic planning, management, and project execution. This leverages its technical capabilities, infrastructure implementation, and real estate development track record in Vietnam, as proven by the success of its large-scale integrated townships worldwide. Meanwhile, Hankyu Hanshin contributes extensive experience in transit-oriented and integrated urban developments in Japan, characterized by comprehensive planning and seamless connectivity.

Strategic Partnership Built on Complementary Strengths

The joint venture with Hankyu Hanshin Properties reaffirms Gamuda Land’s strategic direction to expand its international partner network while reinforcing its project development capabilities and investment footprint in Vietnam.

This partnership fosters synergy between Gamuda Land’s proven development capabilities and deep understanding of the Vietnamese market, and Hankyu Hanshin Properties’ Japanese expertise in transit-oriented urban development and housing quality management.

This establishes a solid foundation for the development of Norton Park, where transit connectivity, sustainable design, and living space quality are placed at the heart of the master plan.

Speaking about the collaboration, Mr. Liew Bing Fooi, Chairman of Gamuda Land Vietnam, stated: “This partnership not only marks a strategic step forward for Gamuda Land in Vietnam, but also serves as an opportunity for both parties to combine their strengths, enhance development quality, and create modern living spaces that better meet residents' needs. At the same time, this serves as an important stepping stone for us to scale up and pursue further joint investment and collaboration opportunities in the future.”

Representing Hankyu, Mr. Yamamoto, Executive Officer and Deputy General Manager of International Business at Hankyu Hanshin Properties, shared: “We believe this is one of the most prime locations in Binh Duong, boasting strong growth potential thanks to its proximity to AEON Mall and the upcoming urban transit line. We hold high regard for Gamuda Land’s achievements in developing high-quality residential projects and vibrant communities in Vietnam, and look forward to combining the strengths of both sides to deliver sustainable value to local residents.”

Accelerating Growth Momentum: Norton Park Becomes the 7th Project in the QTP Portfolio

Norton Park marks Gamuda Land’s seventh acquisition under its Quick Turnaround Project (QTP) strategy. Building upon the success of two iconic, large-scale townships—Gamuda City in Hanoi and Celadon City in Ho Chi Minh City—Gamuda Land has progressively expanded its development portfolio through mergers and acquisitions (M&A), product diversification, and partnerships with reputable international developers.

Situated along National Highway 13 in the northern development corridor of Ho Chi Minh City, Norton Park spans a 7.9-hectare land parcel in an area supported by well-established economic foundations and urban infrastructure.

The project enjoys a strategic location adjacent to major industrial, commercial, and lifestyle hubs, including Vietnam - Singapore Industrial Park I (VSIP I), AEON Mall Binh Duong Canary, and Song Be Golf Resort. This prime position ensures convenient connectivity to key arterial routes linking the northern gateway with downtown Ho Chi Minh City and neighboring economic centers. The project’s connectivity is further enhanced by the planned Ho Chi Minh City Metro Line 2, with the proposed C8 station situated right next to Norton Park, offering seamless multimodal transport access.

Amid ongoing and planned transport infrastructure upgrades and mass transit network developments, Norton Park is well-positioned to benefit from regional connectivity enhancements, helping drive the area's transformation into an increasingly cohesive and modern urban hub.

With a building density of just 20%, the project dedicates approximately 2.5 hectares to landscaped parks, water bodies, and diverse green open spaces, delivering a nature-centric living environment.

With handover scheduled for the third quarter of 2029, Norton Park is expected to contribute to the supply of master-planned housing within the northern urban corridor of Ho Chi Minh City.