Frasers Property and Tan & Tan to jointly develop 5.15ha mixed-use site in Petaling Jaya, Malaysia
The site will be developed in two phases, with the initial stage featuring non commercial property developments alongside retail space and a park. Designed for families and working professionals, the homes are expected to be released for deals next year.
Situated in Section 13 of Petaling Jaya, the master-planned precinct is visualized as a lifestyle place that are going to anchor the ongoing rejuvenation of the location, according to a joint news release issued on Aug 21.
Meanwhile, the retail component will take the kind of a low-rise, al fresco lifestyle location with incorporated area and public spaces.
Two well established colleges– Universiti Malaya and International Islamic College Malaysia– are also inside a 1km radius of the site. The mixed-use development will likewise experience connection to the Greater Klang Valley via significant highways such as the Federal Highway and Sprint Expressway.
The conjoint venture associates will each hold an equal stake in the project, called PJ Quarter.
” Drawing on our mixed experiences in large, mixed-use developments, we intend to establish a brand-new benchmark for lively metropolitan living in the area,” said Soon Su Lin, Chief Executive Officer of Frasers Property Singapore.
” It stands for a significant action in expanding our development portfolio, via a disciplined, partnership-led method, concentrated on developing worth for the long-term.”
Tan Yee Seng, CEO of Tan & Tan, stated, “The site will take advantage of the federal government’s efforts to revitalize Section 13 right into a much more liveable and dynamic center with environment-friendly connectors and pedestrian-friendly facilities. We look forward to presenting novel retail experiences to the community, enhanced by a high end residential development made to appeal to a wide range of homebuyers.”
Frasers Property will be jointly creating a 5.15 ha mixed-use spot in Petaling Jaya, Malaysia, with Malaysian developer Tan & Tan Developments Berhad.
Flaunting a triple-frontage at an essential crossway of Jalan Kemajuan and Jalan Profesor Diraja Ungku Aziz, the mixed-use venture is a brief ride from numerous retail and recreational amenities, including 3 Damansara, Jaya Shopping Centre, Retail @ Pacific, Mid Valley Megamall and The Gardens Mall.
