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 pictured as a lifestyle location that will anchor the ongoing rejuvenation of the area, according to a joint press release provided on Aug 21.
The site will be developed in two stages, with the first stage presenting non commercial property developments along with retail space and a park. Designed for families and working specialists, the homes are expected to be introduced for purchase next year.
Two established colleges– Universiti Malaya and International Islamic University Malaysia– are likewise inside a 1km span of the site. The mixed-use property development will also appreciate connectivity to the Greater Klang Valley through significant freeways like the Federal Highway and Sprint Expressway.
Meanwhile, the retail part will take the type of a low-rise, al fresco lifestyle destination with combined area and public spaces.
Flaunting a triple-frontage at a crucial intersection of Jalan Kemajuan and Jalan Profesor Diraja Ungku Aziz, the mixed-use venture is a brief ride from a number of retail and recreational services, including 3 Damansara, Jaya Mall, Retail @ Pacific, Mid Valley Megamall and The Gardens Shopping center.
Frasers Property are going to be mutually establishing a 5.15 ha mixed-use site in Petaling Jaya, Malaysia, with Malaysian developer Tan & Tan Developments Berhad.
” Drawing on our combined experiences in large, mixed-use property developments, we aim to set a new benchmark for dynamic metropolitan living in the location,” said Soon Su Lin, CEO of Frasers Property Singapore.
The shared project partners are going to each hold an equal stake in the job, known as PJ Quarter.
” It represents a significant step in developing our development portfolio, with a disciplined, partnership-led strategy, focused on producing value for the long term.”
Tan Yee Seng, Chief Executive Officer of Tan & Tan, stated, “The site will gain from the government’s initiatives to invigorate Section 13 right into an even more liveable and vivid center with green connectors and pedestrian-friendly framework. We look forward to introducing novel retail experiences to the community, complemented by an upscale non commercial development developed to appeal to a broad spectrum of property buyers.”
