{
  "id": 18083802,
  "title": "Paramount, Mitsui Fudosan tie-up for RM1.3bil luxury KL project",
  "url": "https://urgent.news/2026/11/04/paramount-mitsui-fudosan-tie-up-for-rm1-3bil-luxury-kl-project",
  "topic": "world",
  "section": "World",
  "published": "2026-11-04T06:30:01.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/property/2026/11/1570568/paramount-mitsui-fudosan-tie-rm13bil-luxury-kl-project"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR: Malaysian development firm Paramount Corporation Bhd and Japanese real estate group Mitsui Fudosan (Asia) Malaysia Sdn Bhd have formed a strategic partnership to develop The Ashbourne, a RM1.3 billion luxury residential project in Kuala Lumpur's U-Thant enclave. The joint venture, valued at RM23.1 million, brings together two property players with complementary strengths. Mitsui Fudosan will acquire a 49% equity interest in Meridian Kuasa Sdn Bhd, while Paramount will retain a 51% stake. Paramount will manage the project, sales, and marketing, while Mitsui Fudosan provides its international expertise in delivering high-quality residential developments. The Ashbourne, set on 3.7 acres of freehold commercial land off Jalan Ampang, will comprise two towers housing 458 high-end serviced residences, ranging from 1,491 sq ft to 2,661 sq ft. The project is expected to be completed in the fourth quarter of 2030 and represents a significant milestone in Paramount's expansion strategy in the capital.",
  "summary": "KUALA LUMPUR: A meeting of Malaysian development expertise and Japanese real estate pedigree is set to reshape the premium residential landscape in Kuala Lumpur, with Paramount Corporation Bhd joining forces with Mitsui Fudosan (Asia) Malaysia Sdn Bhd to develop The Ashbourne, a RM1.3 billion residential project in the prestigious U-Thant enclave.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}