MAIN Market-listed property developer Paragon Globe Bhd (formerly Goh Ban Huat Bhd) has successfully completed and handed over a purpose-built facility in Sepang today (Sept 18) to Selangor state-owned Selgate Healthcare Sdn Bhd.
Representing Paragon Globe’s first healthcare-related development, this project undertaken by subsidiary Builtech Acres Sdn Bhd reflects the group’s proven ability to deliver technically complex projects beyond its core residential and industrial portfolios.
Under a 15-year lease agreement, Selgate Healthcare will occupy and operate the facility. This arrangement establishes a stable, recurring income stream for the Paragon Globe while complementing its property development earnings and strengthening its long-term growth trajectory.
“The handover of this facility marks our entry into healthcare real estate, diversifying our portfolio and creating recurring income streams,” commented Paragon Globe’s executive chairman Datuk Seri Edwin Tan Pei Seng.
“More importantly, this project reflects our commitment to building developments that add value to businesses, communities and the state of Selangor.”
The handover ceremony was officiated by Selangor Menteri Besar Datuk Seri Amirudin Shari which is testament of the state government’s support for public-private partnerships across Selangor.
Selgate Corp CEO Datuk Noor Hisham Mohd Ghouth went on to acknowledge Paragon Globe as an organisation that has proven its capabilities and achievements in the property development sector
“Therefore, the decision to work with them was due to confidence in the quality, integrity, and commitment they bring,” he justified.
“The handover of this facility not only symbolises the success of Paragon Globe but also a shared success for Selgate Corp where the synergy between both parties is now manifested in tangible form.”
At the close of today’s market trading, Paragon Globe was down 1 sen or 1.46% to 67.5 sen with 215,400 shares traded, thus valuing the company at RM504 mil – Sept 18, 2025
