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PETALING JAYA: Gagasan Nadi Cergas Bhd’s unit, Nadi Cergas Sdn Bhd (NCSB), has secured a RM189.79mil contract from Paramount Property Development Sdn Bhd (PPD) to build 929 units of affordable homes in Kemuning Utama, Selangor.

In a filing with Bursa Malaysia yesterday, Gagasan Nadi said the turnkey contract includes the design, execution, construction and completion of the proposed high-rise affordable homes development.

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Each unit will be 1,000 square feet, priced at not more than RM250,000.

NCSB secured a RM195mil contract in the previous year from PPD to build high-rise affordable housing at Greenwood Salak Perdana, Selangor.