Frasers Property and Tan & Tan to jointly develop 5.15ha mixed-use site in Petaling Jaya, Malaysia
The location is going to be created in two phases, with the primary phase offering residential property developments together with retail space and a park. Developed for families and working professionals, the homes are expected to be released for deals next year.
Two well-known colleges– Universiti Malaya and International Islamic University Malaysia– are likewise inside a 1km radius of the site. The mixed-use development will also enjoy connection to the Greater Klang Valley through major highways like the Federal Highway and Sprint Expressway.
Meanwhile, the retail element will definitely take the type of a low-rise, al fresco lifestyle spot with incorporated neighborhood and public places.
The conjoint venture associates will each hold an equal risk in the task, called PJ Quarter.
Frasers Property will be mutually developing a 5.15 ha mixed-use site in Petaling Jaya, Malaysia, with Malaysian developer Tan & Tan Developments Berhad.
Boasting a triple-frontage at a crucial junction of Jalan Kemajuan and Jalan Profesor Diraja Ungku Aziz, the mixed-use venture is a short travel from a number of retail and recreational services, including 3 Damansara, Jaya Shopping Centre, Retail @ Pacific, Mid Valley Megamall and The Gardens Mall.
” Drawing on our combined experiences in large, mixed-use developments, we intend to establish a brand-new criteria for vibrant metropolitan living in the location,” claimed Soon Su Lin, CEO of Frasers Property Singapore.
Located in Section 13 of Petaling Jaya, the master-planned precinct is visualized as a lifestyle location that will anchor the recurring renewal of the location, according to a joint news release issued on Aug 21.
Tan Yee Seng, CEO of Tan & Tan, said, “The location will gain from the federal government’s efforts to rejuvenate Section 13 into a much more liveable and vibrant hub with green connectors and pedestrian-friendly infrastructure. We look forward to introducing novel retail experiences to the community, matched by an upscale non commercial development made to appeal to a wide spectrum of homebuyers.”
” It stands for a significant action in expanding our development profile, through a disciplined, partnership-led strategy, concentrated on developing value for the long term.”
