KUALA LUMPUR: Paramount Corporation Bhd is targeting property development margins of about 20% this year and expects FY26 property sales to exceed RM1 billion, as it accelerates project execution, expands its use of joint ventures and sharpens its focus on premium and more affordable housing segments.
Deputy group CEO Beh Chun Chong said the group was improving operational efficiency by shortening the time between completing land acquisitions and launching developments, making earlier design decisions and managing capital requirements more strategically.
He said Paramount’s property margins had improved from 14% to 16% and subsequently 18%, with the group aiming to reach about 20% this year.
“Traditionally, we may take one or two years after purchasing the land before launching a project. During that period, there is financial cost involved. Now, for our latest transactions, including our Lunas land, where we completed the land transaction in February this year, we have managed to roll out and launch within a very short period. It was intentional,” he said in an interview with SunBiz.
