Frasers Property and Tan & Tan to jointly develop 5.15ha mixed-use site in Petaling Jaya, Malaysia
Situated in Section 13 of Petaling Jaya, the master-planned precinct is visualized as a lifestyle destination that are going to anchor the ongoing renewal of the location, according to a joint news release issued on Aug 21.
Tan Yee Seng, Chief Executive Officer of Tan & Tan, stated, “The location will benefit from the federal government’s initiatives to renew Section 13 right into an even more liveable and vivid center with eco-friendly connectors and pedestrian-friendly framework. We look forward to introducing novel retail experiences to the community, enhanced by a high end non commercial development created to appeal to a wide range of homebuyers.”
” It stands for a purposeful step in developing our development profile, with a disciplined, partnership-led approach, focused on developing worth for the long-term.”
Two well-known universities– Universiti Malaya and International Islamic College Malaysia– are additionally throughout a 1km span of the site. The mixed-use development will likewise enjoy connection to the Greater Klang Valley via significant highways such as the Federal Highway and Sprint Expressway.
On the other hand, the retail element is going to take the kind of a low-rise, al fresco lifestyle spot with integrated community and public spaces.
The location is going to be developed in two stages, with the first phase featuring non commercial developments together with retail space and a park. Designed for families and working specialists, the homes are anticipated to be launched for sale next year.
Flaunting a triple-frontage at a crucial junction of Jalan Kemajuan and Jalan Profesor Diraja Ungku Aziz, the mixed-use venture is a brief drive from a number of retail and recreational services, consisting of 3 Damansara, Jaya Mall, Retail @ Pacific, Mid Valley Megamall and The Gardens Shopping mall.
Frasers Property will be mutually establishing a 5.15 ha mixed-use place in Petaling Jaya, Malaysia, with Malaysian property developer Tan & Tan Developments Berhad.
The joint business venture partners will each hold an equal risk in the task, referred to as PJ Quarter.
” Drawing on our mixed experiences in massive, mixed-use developments, we aim to establish a brand-new criteria for dynamic city living in the area,” said Soon Su Lin, Chief Executive Officer of Frasers Property Singapore.
