Paramount to launch property projects with GDV of RM1.1bil

KUALA LUMPUR: Paramount Corp Bhd targets to launch properties with an estimated gross development value (GDV) of RM1.1bil in the remaining nine months of 2023.

“The Group's unbilled sales of RM1.4bil as at March will provide some visibility on the group's cashflow in the near term. However, the pace at which this can be converted into billings would depend largely on the construction progress of projects,” the developer said in a Bursa filing.