Frasers Property and Tan & Tan to jointly develop 5.15ha mixed-use site in Petaling Jaya, Malaysia
Flaunting a triple-frontage at a crucial intersection of Jalan Kemajuan and Jalan Profesor Diraja Ungku Aziz, the mixed-use project is a brief ride from numerous retail and recreational services, including 3 Damansara, Jaya Mall, Retail @ Pacific, Mid Valley Megamall and The Gardens Shopping center.
At the same time, the retail element will take the kind of a low-rise, outdoor lifestyle destination with combined community and public places.
The spot is going to be created in 2 stages, with the primary phase featuring non commercial property developments together with retail space and a park. Designed for families and working professionals, the homes are anticipated to be introduced for deals following year.
Located in Section 13 of Petaling Jaya, the master-planned precinct is pictured as a lifestyle place that are going to anchor the recurring renewal of the location, according to a joint news release provided on Aug 21.
Frasers Property are going to be jointly developing a 5.15 ha mixed-use place in Petaling Jaya, Malaysia, with Malaysian developer Tan & Tan Developments Berhad.
The joint business venture partners will each hold an equal risk in the job, referred to as PJ Quarter.
2 well-known colleges– Universiti Malaya and International Islamic College Malaysia– are likewise throughout a 1km span of the site. The mixed-use property development will likewise appreciate connectivity to the Greater Klang Valley via major highways like the Federal Highway and Sprint Expressway.
” It stands for a meaningful step in expanding our development profile, through a disciplined, partnership-led approach, focused on creating value for the long term.”
Tan Yee Seng, CEO of Tan & Tan, said, “The location is going to take advantage of the federal government’s efforts to rejuvenate Section 13 into a much more liveable and vibrant center with environment-friendly connectors and pedestrian-friendly infrastructure. We look forward to launching novel retail experiences to the community, matched by an upscale residential development made to appeal to a wide spectrum of homebuyers.”
” Drawing on our consolidated experiences in large-scale, mixed-use developments, we aim to set a brand-new standard for vibrant metropolitan living in the area,” said Soon Su Lin, CEO of Frasers Property Singapore.
