Frasers Property and Tan & Tan to jointly develop 5.15ha mixed-use site in Petaling Jaya, Malaysia
Frasers Property will be jointly establishing a 5.15 ha mixed-use place in Petaling Jaya, Malaysia, with Malaysian developer Tan & Tan Developments Berhad.
Meanwhile, the retail component will definitely take the form of a low-rise, open-air lifestyle location with incorporated area and public places.
The joint venture partners are going to each hold an equal stake in the project, known as PJ Quarter.
Tan Yee Seng, Chief Executive Officer of Tan & Tan, stated, “The location is going to benefit from the government’s efforts to invigorate Section 13 into a much more livable and vibrant center with green connectors and pedestrian-friendly facilities. We look forward to presenting novel retail experiences to the community, complemented by an upscale housing development made to appeal to a broad range of property buyers.”
Two established colleges– Universiti Malaya and International Islamic College Malaysia– are additionally within a 1km span of the site. The mixed-use development will likewise experience connectivity 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 visualized as a lifestyle place that will anchor the continuous renewal of the area, according to a joint press release provided on Aug 21.
” Drawing on our mixed experiences in large, mixed-use developments, we aim to establish a brand-new standard for vibrant urban living in the location,” claimed Soon Su Lin, CEO of Frasers Property Singapore.
” It speaks for a significant step in expanding our development profile, through a disciplined, partnership-led approach, concentrated on developing value for the long term.”
Flaunting a triple-frontage at an essential junction of Jalan Kemajuan and Jalan Profesor Diraja Ungku Aziz, the mixed-use project is a brief ride from numerous retail and recreational services, consisting of 3 Damansara, Jaya Mall, Retail @ Pacific, Mid Valley Megamall and The Gardens Mall.
The spot will be established in two stages, with the initial stage presenting non commercial property developments alongside retail space and a park. Designed for families and working specialists, the homes are anticipated to be released for deals following year.
