Gagasan Nadi Secures a RM195.2m Residential Project GAGASAN Nadi Cergas Bhd has secured a construction contract worth RM195.2 million from a subsidiary of Paramount Corp Bhd (Paramount Group). Nadi Cergas Sdn Bhd, a wholly owned subsidiary of Gagasan Nadi, has received a letter of award (LoA) from Paramount Property (Sepang) Sdn Bhd to undertake the turnkey contract of designing and developing 1,076 high rise residential units in Greenwood Salak Perdana, Selangor. Construction works will commence in the fourth quarter of 2022 and it is expected to take 48 months to complete, the company said in a statement yesterday. The LoA comes as a confirmation of the previous letter of intent awarded by Paramount Group on May 24, 2021. “This LoA bodes well with our commitment to provide affordable accommodation to
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