Paramount Blossom appoints China Railway as main contractor for RM650m project

PUTRAJAYA: Construction firm Paramount Blossom Sdn Bhd is embarking on its maiden property project in Seremban, Negeri Sembilan with a gross development value of RM650 million.
China Railway Liuyuan Group Co Ltd has been appointed as the main contractor for the project, which consists of the development of 835 terrace houses, semiDs and duplexes.
Speaking to reporters after the signing of the joint venture agreement here today, Paramount Blossom special project director Datuk Jaafar Abu Hassan said the project will be launched in three phases with the first phase in May 2017 and completion in two years' time.
Paramount Blossom is a subsidiary of Landasan Kapital (M) Sdn Bhd, which has been involved in building construction, civil engineering projects and steel fabrication works in the public and private sectors.
Under the partnership, Fujian Hexinyuantong Investment Co Ltd will provide financing of up to RM650 million for the project.