Paramount acquires prime ‘Embassy Row’ land in Ampang for RM243.8 million
PETALING JAYA, 16 July 2020: Paramount Corporation Berhad (Paramount) is acquiring for redevelopment 4.54 acres of prime freehold land with buildings at Jalan Ampang Hilir, Kuala Lumpur, in the vicinity of what is popularly known as the Embassy Row. A 20-storey building with service suites and 132 units of low-rise condominiums are situated on the land. […]
Paramount expands Bukit Banyan township in Kedah
Paramount Corp Bhd’s Bukit Banyan township in Sungai Petani, Kedah is set to add more properties in the coming years as it acquires land to expand the development by some 25 per cent. The group’s subsidiary Paramount Property (Utara) Sdn Bhd had planned to build a total of 4,480 properties in the 208ha township over […]
Paramount buys 137 acres to expand best-selling Bukit Banyan
PETALING JAYA, 7 July 2020: Paramount Corporation Berhad (Paramount) is expanding its Bukit Banyan township in Sungai Petani by 26% with the purchase of 137.1 acres of freehold agriculture land, contiguous to its existing 520 acres. Paramount Group CEO Jeffrey Chew said its subsidiary Paramount Property (Utara) Sdn Bhd had entered into a sale and […]
Divestment gain of RM460m gives strong boost to Paramount’s 1Q net profit
KUALA LUMPUR (May 29): The divestment gain of RM460.6 million from the disposal of Pre-Tertiary Education Group helped to lift Paramount Corp Bhd’s net profit for the first quarter ended March 31, 2020 (1QFY20) to RM466.95 million, from RM6.17 million a year ago. In its quarterly result release, the group noted that the divestment of […]
Paramount gives RM500k to The Edge COVID-19 fund; Chairman gives another RM250k
Paramount Corporation Berhad (Paramount) has pledged RM500,000 to The Edge COVID-19 Health Care Workers Support Fund in aid of our health care workers who are serving tirelessly in hospitals day and night. Paramount Chairman Dato’ Teo and his family are donating another RM250,000. Dato’ Teo said, “My colleagues, family members and I have a huge […]
Paramount mulls venture into property management, proptech segment amidst margin erosion
KUALA LUMPUR (March 3): Paramount Corporation Bhd is mulling to establish footprint in the property management and property technology (proptech) segment with the proceeds from the divestment of its education operations. The sale of its controlling equity interest in its pre-tertiary education business to Prestigion Education Sdn Bhd is expected to yield net cash of […]
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Do not miss the opportunity to save a whole lot more when you secure your preferred unit at Sinaran Residences before 31 March 2020. With up to 50 luxurious facilities for your complete enjoyment, look forward to a world of indulgence right at home.
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