KUALA LUMPUR: Construction group Gagasan Nadi Cergas Bhd
’s wholly-owned subsidiary, Nadi Cergas Sdn Bhd, has secured a RM189.8 million contract from Paramount Property Development Sdn Bhd, a unit of Paramount Corporation Bhd, to build affordable high-rise residences in Kemuning Utama, Shah Alam.
Under the contract, Nadi Cergas will undertake the turnkey contract of designing and developing 929 residential units in Kemuning Utama township in Shah Alam, Selangor.
Gagasan Nadi Cergas group managing director Wan Azman Wan Kamal said the group has made positive progress in the operations of its property and construction segments.
"The affordable housing agenda especially in high-growth urban locations remains clearly on track, as the private and public sector play their respective roles to safeguard the welfare of the people amid Malaysia’s expected upward trajectory in the future. Our partnership with Paramount allows us to assist in realising this goal.
"This is part of Gagasan Nadi Cergas’ delivery of nearly 10,000 affordable houses across Greater Klang Valley over the next five years,” he said in a statement today.
Prior to this contract, Gagasan Nadi Cergas had been tasked by Paramount group to build a high-rise affordable housing project in Greenwoods Salak Perdana, Sepang, Selangor. - Bernama
