KUALA LUMPUR: Paramount Corp Bhd
said its wholly-owned subsidiary Prima Kuasa Sdn Bhd has proposed to acquire three contiguous parcels of leasehold land measuring 48.489 acres in Bukit Raja, Petaling, in Selangor for RM113.5mil.
In a filing with Bursa Malaysia, the property developer said the tracts, which were purchased from SJ Properties Sdn Bhd, will be the site of a proposed development comprising Paramount's signature residential property units, with a gross development value (GDV) of about RM579mil to be generated over six years.
