Vietnam sales growth: International share of property sales: 60 percent of Gamuda Land’s total
Total property sales: 2.6 billion ringgit (US$614.7 million), up 10 percent
Q3 net income: 246.8 million ringgit, up 5 percent
Group net profit (9 months): 671 million ringgit, driven by Malaysian projects
Vietnam outlook: Strong residential demand tied to infrastructure and industrial growth

Gamuda’s results highlight a growing gap between foreign and domestic developers.

While local firms are in recovery mode, well-capitalised foreign players like Gamuda are expanding aggressively, gaining market share, and capitalising on pent-up demand.

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