Frasers Property and Tan & Tan to jointly develop 5.15ha mixed-use site in Petaling Jaya, Malaysia
Flaunting a triple-frontage at a key junction of Jalan Kemajuan and Jalan Profesor Diraja Ungku Aziz, the mixed-use project is a brief drive from a number of retail and recreational services, including 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 site in Petaling Jaya, Malaysia, with Malaysian developer Tan & Tan Developments Berhad.
The conjoint project associates are going to each hold an equal risk in the job, called PJ Quarter.
On the other hand, the retail component will definitely take the type of a low-rise, al fresco lifestyle venue with integrated area and public spaces.
Located in Section 13 of Petaling Jaya, the master-planned precinct is envisioned as a lifestyle place that will secure the continuous renewal of the area, according to a joint press release provided on Aug 21.
The spot is going to be developed in 2 phases, with the first phase featuring non commercial developments alongside retail space and a park. Developed for families and working specialists, the homes are anticipated to be released for deals next year.
” Drawing on our combined experiences in massive, mixed-use property developments, we aim to set a new benchmark for vivid city living in the location,” claimed Soon Su Lin, CEO of Frasers Property Singapore.
” It represents a purposeful action in developing our development profile, through a disciplined, partnership-led approach, concentrated on developing value for the long-term.”
Tan Yee Seng, CEO of Tan & Tan, pointed out, “The location is going to benefit from the federal government’s efforts to revitalize Section 13 right into an even more liveable and dynamic center with green connectors and pedestrian-friendly framework. We look forward to presenting novel retail experiences to the community, matched by a high end non commercial development made to appeal to a wide spectrum of homebuyers.”
Two well-known universities– Universiti Malaya and International Islamic University Malaysia– are additionally throughout a 1km span of the site. The mixed-use property development will likewise enjoy connection to the Greater Klang Valley through significant highways like the Federal Highway and Sprint Expressway.
