PRG sells 210 units of its Picasso Residence at one go

Datuk Lua Choon Hann - executive director of PRG Holdings Bhd

Amidst a difficult property environment where most developers are facing challenges clearing their properties, PRG Holdings Bhd, the company formerly known as Furniweb Industrial Bhd, has quietly completed an en-bloc purchase of 210 units of its Picasso Residence, valued at a staggering RM250mil.

The Picasso Residence, which has a total of 472 units, has a gross development value (GDV) of some RM600mil.