ADAM AZIZ / THEEDGEMARKETS.COM
September 23, 2021
KUALA LUMPUR (Sept 23): Vizione Holdings Bhd has entered into a development agreement to develop 2,500 affordable apartment units “Residensi Prihatin” with related infrastructure in Putrajaya.
Agreement for the RM500 million gross development value (GDV) project was inked between Vizione’s wholly-owned unit Vizione Builder Sdn Bhd with Pan Sejati Development (M) Sdn Bhd (PSD).
The project will be on a 17.97-acre site in Putrajaya under Perbadanan Putrajaya (PPJ), which had appointed PSD to design, develop and construct the project.
This is the fifth project bagged by Vizione this year. In August, the developer landed a contract to build a four-star 14-storey hotel building in Langkawi for RM116.05 million.