Paramount revs up property launches, targets RM480mil sales this year

Fielding questions: Chew (right) at the briefing. With him are Paramount chief financial officer Foong Poh Seng (centre) and group chief operating officer Chris Tay Lee Kong.

PETALING JAYA: Property developer Paramount Corp Bhd (PCB), which will be ramping up its launches this year, expects annual sales for its property division to grow 11% to RM480mil in 2016.

PCB group chief executive officer Jeffrey Chew said the company was confident of hitting its target despite the subdued property market currently.