Frasers Property and Tan & Tan to jointly develop 5.15ha mixed-use site in Petaling Jaya, Malaysia
Frasers Property will be jointly creating a 5.15 ha mixed-use site in Petaling Jaya, Malaysia, with Malaysian property developer Tan & Tan Developments Berhad.
At the same time, the retail component will take the form of a low-rise, outdoor lifestyle venue with integrated area and public spaces.
The shared business venture associates are going to each hold an equal risk in the task, referred to as PJ Quarter.
The location will be established in 2 stages, with the initial phase presenting non commercial developments together with retail space and a park. Designed for families and working professionals, the homes are expected to be introduced for purchase next year.
Located in Section 13 of Petaling Jaya, the master-planned precinct is envisioned as a lifestyle destination that will secure the ongoing rejuvenation of the area, according to a joint press release provided on Aug 21.
Flaunting a triple-frontage at a vital junction of Jalan Kemajuan and Jalan Profesor Diraja Ungku Aziz, the mixed-use venture is a brief travel from numerous retail and recreational amenities, consisting of 3 Damansara, Jaya Shopping Center, Retail @ Pacific, Mid Valley Megamall and The Gardens Shopping center.
2 well-known universities– Universiti Malaya and International Islamic College Malaysia– are additionally within a 1km span of the site. The mixed-use property development will additionally appreciate connection to the Greater Klang Valley via significant highways such as the Federal Highway and Sprint Expressway.
Tan Yee Seng, Chief Executive Officer of Tan & Tan, stated, “The location will gain from the government’s efforts to rejuvenate Section 13 right into an even more livable and dynamic hub with green connectors and pedestrian-friendly framework. We look forward to introducing novel retail experiences to the community, matched by a high end housing development developed to appeal to a wide spectrum of homebuyers.”
” It stands for a purposeful step in growing our development profile, with a disciplined, partnership-led approach, concentrated on creating worth for the long term.”
” Drawing on our consolidated experiences in massive, mixed-use developments, we aim to establish a brand-new standard for vibrant urban living in the area,” stated Soon Su Lin, CEO of Frasers Property Singapore.
