GDB wins its biggest job: RM1.02b ParkCity Residences, KL

GDB Holdings Bhd has won the biggest contract in its history: RM1.017 billion to build ParkCity Residences in Desa ParkCity, Kuala Lumpur, for Perdana ParkCity Sdn Bhd. Its subsidiary Grand Dynamic Builders Sdn Bhd accepted the letter of award, dated 21 October 2026, on 26 October. A week later it won a second large job, a RM877 million logistics hub on an old factory site in Shah Alam.

The ParkCity job

• Work: main building works for two residential blocks of 49 to 63 storeys with 433 apartments, a seven-storey podium with amenities and parking, and a two-storey basement car park
• Site: Lot 81582, off Medan Residen, Desa ParkCity, Mukim Batu, Kuala Lumpur
• Timing: from 4 November 2026 to 18 August 2031
• Size: about 1.92 times GDB's market value of RM531.1 million on 26 October, and its largest residential award
• Repeat client: GDB has worked for Perdana ParkCity since 2013 and built One Central Park, Westside III and Park Regent in Desa ParkCity

The project

• Land: a freehold site of about 4.98 acres
• Homes: 433 units of about 2,831 to 10,613 sq ft, with three to five bedrooms
• Price: indicative prices from about RM5.929 million, according to EdgeProp's project profile in July 2026

A week later: RM877 million in Shah Alam

• Work: on 2 November Grand Dynamic Builders accepted a RM877 million award, including 6% service tax, from Rochester Logistics Asset 2 Sdn Bhd to demolish an existing factory and build two five-storey logistics hub buildings with mezzanine offices and a three-storey cafeteria
• Site: PT 845, Jalan 15/23, Seksyen 15, Shah Alam
• Timing: 34 months, from 4 November 2026 to 3 September 2029, paid for from internal funds and bank borrowings
• Not disclosed: who is behind Rochester Logistics Asset 2, and whose factory stood on the site

The order book

• New jobs this year: a record RM1.81 billion up to the ParkCity award, including a RM119 million sub-contract for the third phase of a Sarawak flood forecasting and warning programme (PRAB), disclosed on 19 October
• Order book: about RM2.05 billion after the ParkCity job and about RM2.93 billion after Shah Alam, The Edge reported
• Recent results: net profit fell 39.3% to RM13.2 million in the quarter to 30 June 2026, on revenue down 21.2% to RM142.48 million, as the KL International Hospital, a Shah Alam logistics hub and the Metrohub 4 logistics hub in Klang neared completion