Frasers Property and Tan & Tan to jointly develop 5.15ha mixed-use site in Petaling Jaya, Malaysia
Boasting a triple-frontage at a vital crossway of Jalan Kemajuan and Jalan Profesor Diraja Ungku Aziz, the mixed-use project is a short travel from several retail and recreational facilities, consisting of 3 Damansara, Jaya Shopping Center, Retail @ Pacific, Mid Valley Megamall and The Gardens Shopping mall.
Located in Section 13 of Petaling Jaya, the master-planned precinct is visualized as a lifestyle place that are going to secure the continuous renewal of the area, according to a joint news release issued on Aug 21.
The location will be established in 2 phases, with the primary phase presenting residential developments together with retail space and a park. Designed for families and working specialists, the homes are anticipated to be introduced for purchase following year.
Tan Yee Seng, Chief Executive Officer of Tan & Tan, stated, “The location will benefit from the government’s initiatives to renew Section 13 right into a much more livable and dynamic center with environment-friendly connectors and pedestrian-friendly framework. We look forward to launching novel retail experiences to the community, complemented by an upscale residential development made to appeal to a broad range of buyers.”
Frasers Property will be jointly establishing a 5.15 ha mixed-use site in Petaling Jaya, Malaysia, with Malaysian property developer Tan & Tan Developments Berhad.
Meanwhile, the retail element is going to take the kind of a low-rise, al fresco lifestyle location with combined community and public spaces.
The conjoint venture associates will each hold an equal risk in the task, referred to as PJ Quarter.
” Drawing on our combined experiences in large-scale, mixed-use developments, we intend to set a brand-new standard for dynamic urban living in the place,” claimed Soon Su Lin, CEO of Frasers Property Singapore.
Two well established colleges– Universiti Malaya and International Islamic University Malaysia– are also within a 1km span of the site. The mixed-use development will additionally experience connection to the Greater Klang Valley through major highways like the Federal Highway and Sprint Expressway.
” It speaks for a meaningful step in growing our development portfolio, via a disciplined, partnership-led approach, concentrated on producing worth for the long term.”
