PETALING JAYA: Paragon Globe Bhd
, via wholly-owned subsidiary PGB Desa Heights Sdn Bhd, has signed a development rights agreement with Tropicana Danga Bay Sdn Bhd to develop two prime freehold land parcels within the Danga Bay integrated waterfront development in Johor Baru.
In a statement, Paragon said PGB Desa Heights will pay Tropicana Danga Bay RM102.46mil, which represents 10% of the projected net development value of the project.
