Johan Holdings Bhd plans to develop part of the 27-acre land in Puchong where the ceramics tiles manufacturing plant of its former subsidiary Prestige Ceramics Sdn Bhd is located.

The first phase will be a mixed development comprising service apartments and commercial development, with a projected GDV of RM364.4 million.

The gross development cost, inclusive of re-valued land cost, is projected at RM294.9 million, giving it a projected gross development profit of RM69.5 million.

The company has applied to the Sepang Municipal Council for a development order for the development of about six acres of the freehold land.