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 College Malaysia– are also throughout a 1km distance of the site. The mixed-use development will also experience connection to the Greater Klang Valley through major highways such as the Federal Highway and Sprint Expressway.
Found 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 news release issued on Aug 21.
At the same time, the retail part will definitely take the kind of a low-rise, open-air lifestyle venue with incorporated neighborhood and public spaces.
Boasting a triple-frontage at a key intersection of Jalan Kemajuan and Jalan Profesor Diraja Ungku Aziz, the mixed-use venture is a brief travel from several retail and recreational features, consisting of 3 Damansara, Jaya Shopping Center, Retail @ Pacific, Mid Valley Megamall and The Gardens Mall.
” Drawing on our mixed experiences in large, mixed-use property developments, we intend to establish a brand-new benchmark for dynamic urban living in the location,” claimed Soon Su Lin, Chief Executive Officer of Frasers Property Singapore.
” It represents a significant step in developing our development collection, with a disciplined, partnership-led strategy, focused on creating value for the long-term.”
The shared business venture partners are going to each hold an equal risk in the project, called PJ Quarter.
Tan Yee Seng, CEO of Tan & Tan, mentioned, “The location is going to take advantage of the government’s efforts to invigorate Section 13 into an even more livable and dynamic hub with environment-friendly connectors and pedestrian-friendly facilities. We look forward to presenting novel retail experiences to the community, complemented by a high end residential development designed to appeal to a wide range of property buyers.”
The location will be developed in 2 phases, with the first stage featuring non commercial property developments along with retail space and a park. Designed for families and working specialists, the homes are expected to be launched for purchase following year.
Frasers Property are going to be jointly developing a 5.15 ha mixed-use site in Petaling Jaya, Malaysia, with Malaysian developer Tan & Tan Developments Berhad.
