KUALA LUMPUR (Oct 20): PRG Holdings Bhd has launched its maiden luxury residential property project Picasso Residence at Jalan Ampang, Kuala Lumpur, with a gross development value (GDV) of RM600 million. The development — comprising two 38-storey towers of 472 residential units – has already seen 65% take-up during the group’s private preview roadshows, said PRG group managing director Datuk Lua Choon Hann. “The response and support received were tremendously positive, despite current challenging property market. In addition, the number of sales we have garnered thus far is a testament to the quality of our product. At 3.03 p.m., PRG fell 0.5 sen or 0.74% to 67.5 sen, giving it a market capitalisation of RM201.48 million.

Source: The Edge Markets October 20, 2016 08:15 UTC