Frasers Property and Tan & Tan to jointly develop 5.15ha mixed-use site in Petaling Jaya, Malaysia
Two well established universities– Universiti Malaya and International Islamic University Malaysia– are also inside a 1km radius of the site. The mixed-use property development will likewise experience connection to the Greater Klang Valley through significant highways like the Federal Highway and Sprint Expressway.
Located in Section 13 of Petaling Jaya, the master-planned precinct is pictured as a lifestyle location that are going to anchor the continuous restoration of the area, according to a joint news release issued on Aug 21.
” It represents a significant step in developing our development collection, via a disciplined, partnership-led strategy, focused on developing value for the long term.”
The conjoint business venture partners are going to each hold an equal stake in the job, referred to as PJ Quarter.
The site will be established in 2 phases, with the primary stage presenting non commercial developments alongside retail space and a park. Designed for families and working professionals, the homes are anticipated to be introduced for deals following year.
On the other hand, the retail component is going to take the type of a low-rise, outdoor lifestyle spot with combined community and public places.
Tan Yee Seng, CEO of Tan & Tan, pointed out, “The location will benefit from the federal government’s efforts to invigorate Section 13 right into an even more liveable and lively hub with green connectors and pedestrian-friendly framework. We look forward to presenting novel retail experiences to the community, enhanced by a high end housing development designed to appeal to a wide range of homebuyers.”
” Drawing on our combined experiences in massive, mixed-use developments, we aim to establish a new criteria for vibrant urban living in the place,” claimed Soon Su Lin, CEO of Frasers Property Singapore.
Boasting a triple-frontage at a key junction of Jalan Kemajuan and Jalan Profesor Diraja Ungku Aziz, the mixed-use venture is a short travel from numerous retail and recreational facilities, including 3 Damansara, Jaya Shopping Center, Retail @ Pacific, Mid Valley Megamall and The Gardens Shopping center.
Frasers Property are going to be jointly establishing a 5.15 ha mixed-use site in Petaling Jaya, Malaysia, with Malaysian property developer Tan & Tan Developments Berhad.
