Paramount Corp Plans RM400 Million Land Acquisitions for Future Growth

🏗️ Expanding for the Future: Paramount’s Strategic Land Replenishment

Paramount Corp Bhd (KL:PARAMON) is gearing up for a major expansion in 2025, targeting RM400 million worth of land acquisitions to support its ambitious RM2 billion gross development value (GDV) pipeline.

This strategy ensures that Paramount maintains a steady flow of new property launches over the next five years, strengthening its position as a leading developer in Malaysia’s real estate market.

📌 Key Highlights of Paramount Corp’s 2025 Growth Plans:
✔ RM400 million in land acquisitions planned
✔ RM2 billion GDV projects for FY2025
✔ RM5.5 billion remaining GDV as of end-2024
✔ 369.4 acres of undeveloped land & unsold units
✔ Potential RM900 million redevelopment at Taman U-Thant

🏡 1️⃣ Why Paramount Needs RM400M in Land Replenishment

In FY2024, Paramount successfully delivered projects worth RM2.02 billion GDV, and it plans to maintain this momentum into 2025. However, to keep up with future demand, the company must secure fresh land to sustain its long-term growth trajectory.

CEO Jeffrey Chew Sun Teong emphasized that acquiring RM400 million worth of land is essential to offset its realized GDV and prepare for the next wave of development projects.

📌 Why Land Replenishment is Crucial for Paramount:
✔ Ensures a steady flow of property launches over the next 5 years
✔ Prevents stagnation in revenue growth
✔ Supports continuous expansion in key markets
✔ Provides flexibility for new project developments

Paramount has been actively engaging in land negotiations since 2024, but finalizing the right deals takes time. Investors and buyers can expect major announcements on new acquisitions in the coming months.

🏙️ 2️⃣ Taman U-Thant Redevelopment: RM900 Million Potential GDV

One of Paramount’s most notable acquisitions in 2024 was the Brunsfield Residence in Taman U-Thant, purchased for RM145 million in cash. Initially planned as a refurbishment project, the company is now considering a full redevelopment, which could unlock up to RM900 million in GDV.

📌 Key Details of the Taman U-Thant Project:
✔ Property Size: 13,317 sq m leasehold land
✔ Current Status: 93 condominium units purchased from receivers
✔ Tenant Occupancy: 44% as of September 2024
✔ Potential GDV: RM900 million (redevelopment) or RM282 million (refurbishment)

Paramount is currently awaiting approval from the Ministry of Economy’s Economic Planning Unit (EPU) before submitting redevelopment applications. If redevelopment is not approved, the company will proceed with refurbishment, targeting a GDV of RM282 million based on current market prices of RM600–RM700 psf.

💡 Why Taman U-Thant Matters for Investors:
✔ Luxury properties in KL city center remain in high demand
✔ Upscale developments in U-Thant attract both local and foreign buyers
✔ Strategic location ensures strong rental & resale value

If approved for redevelopment, Paramount’s Taman U-Thant project will become one of the most high-value launches in Kuala Lumpur, appealing to luxury homebuyers and property investors.

📈 3️⃣ How Paramount’s Growth Strategy Impacts Malaysia’s Property Market

Paramount’s aggressive expansion strategy is a strong indicator of confidence in Malaysia’s real estate sector. By committing RM400 million to land acquisitions, the company signals its belief in rising property demand and long-term growth potential.

📌 How This Affects Malaysia’s Property Market:
✔ More high-value projects will be launched over the next five years
✔ Greater opportunities for property investors to capitalize on new developments
✔ Increased competition among developers leading to better offerings for homebuyers
✔ Growth in key urban & suburban areas as new townships emerge

With the Malaysian real estate market rebounding from previous slowdowns, 2025 is shaping up to be an exciting year for property investment.

💰 4️⃣ Why Now is the Right Time to Invest in Paramount Corp Properties

📌 5 Key Reasons to Consider Paramount Corp’s Properties:

1️⃣ High-Growth Development Pipeline: RM2 billion GDV planned for 2025.
2️⃣ Prime Landbank Expansion: RM400 million in new acquisitions for future projects.
3️⃣ Luxury & Mid-Tier Market Focus: Catering to both investors & homebuyers.
4️⃣ Taman U-Thant Redevelopment Potential: A landmark project in KL’s upscale district.
5️⃣ Proven Track Record: Successful completion of RM2.02 billion GDV projects in 2024.

With new projects, strong investor confidence, and a clear growth plan, Paramount remains a top developer to watch in 2025.

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