Top Development Stars Awarded
KUALA LUMPUR: The Malaysia Developer Awards (MDA) 2023 returned for the second year to recognise the success of established names in the development industry. The prestigious event was held at M Resort and Hotel and saw 28 recipients being awarded for their achievements through various categories under the Top-of-the-Chart Awards and Special Awards. The Special […]
Paramount Aims 10% Property Sales Growth for 2023
PETALING JAYA: Paramount Corporation Bhd is targeting 10 per cent year-on-year growth for its property development sales to around RM1.2 billion in 2023 compared with RM1.1 billion last year. Group chief executive officer and director Jeffrey Chew Sun Teong said the company is optimistic to achieve the target sales this year given its robust performance during the […]
Paramount’s 1Q2023 PBT up by 60% to RM23.3 million
Profit attributable to shareholders doubled to RM11.6 million Petaling Jaya, 29 May 2023: Paramount Corporation Berhad (Paramount) continued to deliver solid results, with a 60% increase in Profit Before Tax (PBT) at RM23.3 million for the first quarter of 2023 (1Q2022: RM14.6 million) on the back of a 16% percent increase in revenue at RM194.6 million […]
Paramount to sell office towers in PJ for over RM320mil
KUALA LUMPUR: Paramount Corp Bhd is putting up unit Paramount Property’s two Grade A corporate office towers in Petaling Jaya for sale for over RM320 million. The office towers at Atwater in Section 13 sits on a 5.09-acre integrated mixed-use development. Tower A and Tower B, which have eight and 16 floors respectively, are MSC-compliant […]
What’s Driving Paramount’s Share Price Gains?
Paramount Corporation Berhad is a property developer with established townships in Klang Valley, Kedah and Penang. It also ventured into co-working space, owns a hotel in Kuala Lumpur as well as a fine dining restaurant Dewakan, which was recently awarded a Michelin Star. On the education side, the divestment has paved the way for a […]
Paramount Remains Upbeat on Market Outlook
PETALING JAYA: Demand in the local property market has seen a recovery since the start of last year with an increase in sales volume and lower overhang units, says Paramount Corp Bhd. Hence, group chief executive officer Jeffrey Chew said the group has a higher launch target of RM1.5bil this year from RM1.2bil worth of […]
Paramount Corp to Launch RM1.5 bil Worth of Projects in 2023
KUALA LUMPUR (March 1): On the back of achieving record sales of RM1.1 billion in the financial year ended Dec 31, 2022 (FY2022), Paramount Corp Bhd has set out to launch RM1.5 billion worth of projects in FY2023. Speaking at the property developer’s financial results briefing on Wednesday (March 1), Paramount chief executive officer Jeffrey […]
Paramount Proposes 3.5 sen Final Dividend on Top of 12 sen Special Dividend
KUALA LUMPUR: Paramount Corp Bhd has proposed a final dividend of 3.5 sen for the financial year ended Dec 31, 2022 (FY22), on top of the 12 sen special dividend to be paid on March 29, as a reward to its shareholders. In a statement, the developer said the total dividends for FY22 would be […]
Owners of Rumah Selangorku at Kemuning Idaman Receive Keys from Selangor Menteri Besar
Shah Alam, 13 January 2023: Selangor Menteri Besar Dato’ Seri Amirudin bin Shari handed over keys to new owners of Rumah Selangorku Kemuning Idaman at a ceremony this morning. Among the 650 new owners was Lembaga Perumahan dan Hartanah Selangor (LPHS), which had purchased 30 apartments for Skim Smart Sewa. The VIPs present included Selangor […]
