Frasers Property and Tan & Tan to jointly develop 5.15ha mixed-use site in Petaling Jaya, Malaysia
The conjoint project associates are going to each hold an equal risk in the task, called PJ Quarter.
Flaunting a triple-frontage at a vital junction of Jalan Kemajuan and Jalan Profesor Diraja Ungku Aziz, the mixed-use project is a short drive from several retail and recreational features, including 3 Damansara, Jaya Shopping Centre, Retail @ Pacific, Mid Valley Megamall and The Gardens Shopping mall.
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.
On the other hand, the retail component will take the type of a low-rise, outdoor lifestyle location with integrated community and public places.
The spot will be created in two stages, with the initial stage offering non commercial property developments along with retail space and a park. Developed for families and working specialists, the homes are anticipated to be introduced for purchase next year.
Situated in Section 13 of Petaling Jaya, the master-planned precinct is visualized as a lifestyle place that are going to secure the ongoing rejuvenation of the area, according to a joint press release provided on Aug 21.
2 well established colleges– Universiti Malaya and International Islamic University Malaysia– are additionally throughout a 1km span of the site. The mixed-use property development will additionally appreciate connectivity to the Greater Klang Valley via significant highways including the Federal Highway and Sprint Expressway.
” Drawing on our combined experiences in massive, mixed-use developments, we aim to set a new standard for vivid urban living in the location,” claimed Soon Su Lin, CEO of Frasers Property Singapore.
” It stands for a significant action in expanding our development portfolio, with a disciplined, partnership-led method, focused on creating value for the long-term.”
Tan Yee Seng, CEO of Tan & Tan, stated, “The location will gain from the government’s efforts to revitalize Section 13 right into an even more livable and lively hub with green connectors and pedestrian-friendly framework. We look forward to launching novel retail experiences to the community, complemented by a high end non commercial development designed to appeal to a wide range of buyers.”
