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RM1.02bil contract win

GDB Holdings Wins RM1.017 Billion Contract for Desa ParkCity Towers

RaymondRates.my2 min read

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GDB Holdings’ construction arm, Grand Dynamic Builders, has accepted a RM1.017 billion letter of award from Perdana ParkCity to build two residential towers at Desa ParkCity, Kuala Lumpur. The filing landed with Bursa Malaysia at 5.09pm today, after today’s session had already closed.

What is GDB Holdings’ new RM1.017 billion contract?

RM1.017bil
contract value
letter of award, Perdana ParkCity
433 units
two towers
49 to 63 storeys, Desa ParkCity
RM2.05bil
order book
GDB's highest in 5 years
  • Grand Dynamic Builders, GDB’s subsidiary, accepted the letter of award dated 21 October (Bursa filing).
  • The project adds a 7-storey podium and 2-storey basement carpark at Lot 81582, Desa ParkCity (Bursa filing).
  • GDB’s 2026 contract wins now total a record RM1.81 billion, after this award (Dagang News).
An aerial view of a large construction site with workers in hi-vis vests and hard hats
The RM1.017 billion job covers two residential towers, a podium and a basement carpark at Desa ParkCity, Kuala Lumpur. · Photo: Unsplash
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The filing came in after today’s close, so GDB’s 1% gain to 51.5 sen doesn’t reflect the news yet. This site tracks GDB’s live price and discussion on the Bursa heat list. It is the second nine-figure construction win reported this month, after IJM Corp’s RM1.23 billion AT&S contract in Kulim.

What to watch

  • November 2026Construction of the two Desa ParkCity towers is due to begin (Dagang News).
  • August 2031Target completion for the 433-unit ParkCity Residences project, now part of GDB’s order book horizon (Dagang News).
Not financial advice. This is general information on a Bursa Malaysia filing by GDB Holdings Berhad (0198), disclosed 26 October 2026 and read via klsescreener.com and news coverage of that filing. It is not a recommendation to buy, hold or sell any shares, and Rates.my does not issue price targets or forecasts. Confirm current prices and filings with your broker before acting.

Sources & further reading

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