Paramount’s Six Land Deals Carry RM4 Billion in Potential GDV

Paramount Corporation Bhd has outlined six land acquisition agreements carrying approximately RM4 billion in potential gross development value (GDV), expanding its future property pipeline across Kuala Lumpur, Selangor, Putrajaya, Penang and Kedah.

The acquisitions cover approximately 462 acres, comprising two completed transactions and four additional agreements that remained pending completion as at 30 June 2026.

The details were presented during Paramount’s first-half 2026 investor and media briefing on 8 September, alongside a more cautious approach to new property launches.

Six Land Deals Add Approximately 462 Acres to Paramount’s Pipeline

Of the six land acquisition agreements, two had been completed, covering approximately 387 acres with a combined projected GDV of RM2 billion.

Paramount confirmed that its acquisition of land at Bandar Lunas in Kedah had been completed during the first quarter of 2026, allowing the group to proceed with industrial land launches.

The remaining four signed acquisitions involve 74.61 acres, with a total purchase consideration of RM356.3 million and projected GDV of approximately RM1.946 billion.

These pending transactions cover several distinct markets, each serving a different development strategy.

In Kuala Lumpur’s U-Thant enclave, Paramount agreed to acquire a 4.53-acre property for RM145 million, with potential redevelopment GDV of RM300 million.

In Batu Kawan, Penang, the developer secured an agreement involving 18.97 acres for RM57.8 million, with projected GDV of RM744 million.

The largest of the four pending parcels is a 48.49-acre site in Section U9, Shah Alam, acquired under an agreement valued at RM113.5 million and carrying RM579 million in potential GDV.

A further 2.62-acre site in Precinct 7, Putrajaya, involves RM40 million in land consideration and an estimated RM323 million development value.

Together, these acquisitions provide opportunities across luxury residential redevelopment, township expansion, conventional housing and transit-oriented development.

Kuala Lumpur’s U-Thant Site Adds to Paramount’s Luxury Residential Plans

The U-Thant transaction is particularly relevant to Kuala Lumpur’s premium residential market.

The 4.53-acre property currently contains 93 low-rise luxury condominium villas and is earmarked for redevelopment.

Located within an established residential enclave near Jalan Ampang and KLCC, the site offers Paramount an opportunity to introduce a new product into a neighbourhood where development land is relatively limited.

Importantly, this acquisition is separate from The Ashbourne, Paramount‘s proposed 458-unit serviced apartment development in the same broader U-Thant area.

The Ashbourne occupies approximately 3.76 acres and carries a projected GDV of RM1.1 billion.

Distinguishing the two sites matters because they represent different development opportunities despite their geographical proximity.

For future buyers, the eventual product mix, density, pricing and redevelopment schedule will determine how the projects compare with existing luxury residences in the surrounding area.

The acquisition also extends Paramount’s experience in the KLCC-fringe residential market, although previous sales performance does not guarantee similar demand for future launches.

Shah Alam and Putrajaya Support Different Residential Strategies

Outside central Kuala Lumpur, Paramount’s Shah Alam acquisition provides a substantially larger landholding for future residential development.

The Section U9 parcel is located along the Guthrie Corridor Expressway, near the Damansara-Shah Alam Elevated Expressway interchange.

Its accessibility could support demand from households seeking suburban residential environments with connections to major employment areas.

However, the eventual market positioning will depend on the development’s housing types, infrastructure provision, launch prices and surrounding competition.

The Putrajaya acquisition offers a different proposition.

Located within Precinct 7 near Putrajaya Sentral, the 2.62-acre parcel is intended for a transit-oriented development.

The location benefits from proximity to an established transport interchange serving rail connections towards Kuala Lumpur and the wider Klang Valley.

For potential residents, connectivity may be an important consideration, particularly for households balancing employment locations between Putrajaya, Cyberjaya and Kuala Lumpur.

Nevertheless, transport access alone does not establish investment performance. Actual pedestrian connectivity, unit sizes and pricing will remain important factors when the development is introduced.

RM7 Billion Remaining GDV Extends Development Visibility to 2035

As at 30 June 2026, Paramount reported approximately 548.6 acres of gross undeveloped land and RM7 billion in remaining GDV extending through 2035.

This pipeline includes future development potential together with launched but unsold properties.

The figure provides an indication of the group’s development capacity over several years, although GDV should not be confused with revenue already recognised or guaranteed future earnings.

A project’s GDV represents its estimated total development sales value, subject to actual product launches, selling prices and market absorption.

The timing of land acquisition completions, regulatory approvals, construction costs and financing requirements can all influence when that potential value is realised.

For Paramount, the broader landbank also reduces reliance on individual projects by creating development opportunities across different geographic and product segments.

Paramount Slows New Launches While Protecting Margins

Despite its growing development pipeline, Paramount has adopted a more selective launch strategy.

The group introduced RM152 million worth of properties during the first half of 2026, representing a 56% year-on-year decline.

These launches comprised industrial land at Bandar Lunas, terrace homes at Bukit Banyan and residential properties at Paramount Embun Hills.

Property sales reached RM413 million during the period, down 21% from a year earlier.

However, property segment profit before tax increased 5% to RM69.8 million, while the segment’s profit margin improved from 15.6% to 17.3%.

Paramount attributed the improvement to a higher-margin product mix.

Group chief executive officer Jeffrey Chew indicated that management was prioritising demand assessment, development positioning and the sale of existing properties under construction before introducing additional phases.

The company also outlined an indicative RM1.6 billion launch pipeline for the second half of 2026, including The Ashbourne, Sejati By The Lake, Paramount Embun Hills and Bukit Banyan.

These plans remain subject to project readiness, transaction completion and market conditions.

Paramount’s Landbank Strategy Balances Expansion With Market Demand

Paramount’s six land agreements demonstrate a continued commitment to replenishing its development pipeline while avoiding an aggressive rollout of new projects.

The RM4 billion potential GDV spans different property segments and locations, providing flexibility in how future launches can be scheduled.

For Kuala Lumpur, the U-Thant redevelopment and The Ashbourne are especially relevant because they add potential new residential supply within an established premium market.

Meanwhile, the Shah Alam and Putrajaya sites extend Paramount’s exposure to suburban housing and transport-oriented residential development.

The significance of these acquisitions lies not only in their combined GDV, but in how effectively Paramount can convert its landholdings into commercially viable projects.

Future launch pricing, buyer demand, construction execution and the completion of pending transactions will ultimately determine whether this expanded landbank translates into sustainable development earnings.