Transformation Ahead

KUALA LUMPUR (Jan 22): Established more than five decades ago, Paramount Corp Bhd is known for its core businesses of property development and education, particularly Kolej Damansara Utama. It has since disposed of a majority stake in its tertiary education business in 2019, and bowed out of the pre-tertiary education business last year.

In recent years, Paramount Corp has also ventured into the workspace solutions business (with Co-labs Coworking and Scalable Malaysia) and the hospitality business with Mercure Kuala Lumpur Glenmarie at Utropolis Glenmarie in Shah Alam, Selangor.

The group is now looking at opportunities in the digital realm, especially, to take the company to the next level. Deputy group CEO and executive director Benjamin Teo says that as the company needs to look at parabolic growth, the best way is to look into other businesses such as digital ones. 

In the same issue, we look into LBS Bina’s plans for 2023, and speak to KGV International Property Consultants on how the housing market in Johor Baru performed in 3Q2022. We also feature the just-launched CBRE|WTW’s Market Outlook 2023 report.