Frasers Property and Tan & Tan to jointly develop 5.15ha mixed-use site in Petaling Jaya, Malaysia
Tan Yee Seng, CEO of Tan & Tan, said, “The site is going to take advantage of the government’s efforts to rejuvenate Section 13 into a much more livable and vivid hub with environment-friendly connectors and pedestrian-friendly framework. We look forward to presenting novel retail experiences to the community, matched by a high end housing development designed to appeal to a broad range of buyers.”
” It speaks for a purposeful step in growing our development collection, via a disciplined, partnership-led method, focused on producing worth for the long-term.”
At the same time, the retail element will take the kind of a low-rise, outdoor lifestyle venue with combined neighborhood and public spaces.
The location is going to be created in 2 phases, with the first phase offering non commercial property developments together with retail space and a park. Developed for families and working professionals, the homes are anticipated to be launched for sale following year.
The conjoint business venture associates will each hold an equal risk in the task, known as PJ Quarter.
Frasers Property are going to be jointly developing a 5.15 ha mixed-use place in Petaling Jaya, Malaysia, with Malaysian property developer Tan & Tan Developments Berhad.
Boasting a triple-frontage at a vital junction of Jalan Kemajuan and Jalan Profesor Diraja Ungku Aziz, the mixed-use project is a brief ride from numerous retail and recreational amenities, including 3 Damansara, Jaya Shopping Center, Retail @ Pacific, Mid Valley Megamall and The Gardens Shopping mall.
” Drawing on our consolidated experiences in large-scale, mixed-use property developments, we intend to set a brand-new benchmark for vivid urban living in the place,” said Soon Su Lin, CEO of Frasers Property Singapore.
Two well-known universities– Universiti Malaya and International Islamic University Malaysia– are likewise within a 1km span of the site. The mixed-use property development will likewise appreciate connectivity 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 envisioned as a lifestyle location that will secure the recurring restoration of the area, according to a joint press release issued on Aug 21.
