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PARAMOUNT ASIA JAYA @ SEC 14 | Petaling Jaya (Sec 14) | Pro

1904 Views 1 Reply 1 Participant Last post by  davidwsk
Paramount to develop RM1b GDV residential project in PJ's Section 14
Fri, 22 Dec 2017
6:37 pm

KUALA LUMPUR (Dec 22): Paramount Corp Bhd will construct four blocks of high rise residential buildings consisting of 1,600 units, including 20% affordable units, in Section 14 of Petaling Jaya with a projected gross development value (GDV) of RM1 billion.

In a filing to Bursa Malaysia today, Paramount said its wholly-owned subsidiary Aneka Sepakat Sdn Bhd has entered into a development rights agreement with Kumpulan Hartanah Selangor Bhd (KHSB) to develop the project.

Under the agreement, KHSB grants Aneka Sepakat the rights to the development of two contiguous parcels of leasehold commercial land measuring 9.66 acres.
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PJ Section 14 high-rise proposal met with protests

PETALING JAYA (April 8): A proposed high-rise mixed development project located on a plot of land in near the Asia Jaya LRT station has met with protests from Section 14 residents.

The Star reports that a council notice board on the site states that proposed development is to consist of three blocks of 40, 48 and 52 storeys.

Over 2,000 residential units including about 600 affordable homes are estimated to be a part of the project.

The publication quotes Bukit Gasing assemblyman R. Rajiv who said he would file his objection based on the traffic concerns.
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