Paramount Corp partners Mitsui Fudosan for RM1.34b Jalan Ampang project

Source: The Sun4 Nov 2026

Paramount Corporation Bhd is partnering Mitsui Fudosan for a RM1.34 billion serviced apartment project in Jalan Ampang, Kuala Lumpur. The project will be undertaken through a joint venture. Paramount will dispose of a 49% stake in Meridian Kuasa Sdn Bhd to Mitsui Fudosan.

What it means for buyers, tenants and investorsBuyers of the serviced apartments in the Jalan Ampang project can expect a development backed by a joint venture between a Malaysian and a Japanese property developer.

What it means for Japanese buyers

Paramount Corporation Bhd and Mitsui Fudosan are developing RM1.34b serviced apartments in Jalan Ampang, Kuala Lumpur.

Japanese buyers can purchase these apartments as foreigners can buy most kinds of property in Malaysia, with a minimum purchase price of RM1 million in Kuala Lumpur.

Buyers should note the 4% stamp duty and potential Real Property Gains Tax.

The developer, Paramount, should be contacted for details on the project and purchase process.

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