Frasers Property and Tan & Tan to jointly develop 5.15ha mixed-use site in Petaling Jaya, Malaysia
Two well-known universities– Universiti Malaya and International Islamic University Malaysia– are also inside a 1km radius of the site. The mixed-use development will also appreciate connection to the Greater Klang Valley via significant freeways including the Federal Highway and Sprint Expressway.
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 consolidated experiences in large, mixed-use property developments, we aim to set a brand-new benchmark for dynamic urban living in the location,” said Soon Su Lin, CEO of Frasers Property Singapore.
On the other hand, the retail part is going to take the form of a low-rise, outdoor lifestyle location with incorporated neighborhood and public places.
Located in Section 13 of Petaling Jaya, the master-planned precinct is visualized as a lifestyle destination that will secure the ongoing rejuvenation of the location, according to a joint press release issued on Aug 21.
Tan Yee Seng, CEO of Tan & Tan, said, “The site is going to gain from the federal government’s efforts to rejuvenate Section 13 into an even more livable and vibrant hub with eco-friendly connectors and pedestrian-friendly framework. We look forward to introducing novel retail experiences to the community, enhanced by an upscale non commercial development designed to appeal to a wide spectrum of homebuyers.”
Flaunting a triple-frontage at a crucial junction of Jalan Kemajuan and Jalan Profesor Diraja Ungku Aziz, the mixed-use venture is a short ride from numerous retail and recreational facilities, consisting of 3 Damansara, Jaya Mall, Retail @ Pacific, Mid Valley Megamall and The Gardens Mall.
” It stands for a purposeful action in expanding our development portfolio, via a disciplined, partnership-led approach, focused on creating worth for the long term.”
The conjoint business venture partners will each hold an equal stake in the task, referred to as PJ Quarter.
The spot is going to be established in two phases, with the initial phase offering residential developments alongside retail space and a park. Developed for families and working specialists, the homes are anticipated to be released for deals following year.
