Frasers Property and Tan & Tan to jointly develop 5.15ha mixed-use site in Petaling Jaya, Malaysia
Flaunting a triple-frontage at a crucial junction of Jalan Kemajuan and Jalan Profesor Diraja Ungku Aziz, the mixed-use project is a brief ride from several retail and recreational facilities, including 3 Damansara, Jaya Shopping Centre, Retail @ Pacific, Mid Valley Megamall and The Gardens Mall.
Tan Yee Seng, Chief Executive Officer of Tan & Tan, mentioned, “The location will benefit from the federal government’s efforts to invigorate Section 13 into an even more livable and lively center with green connectors and pedestrian-friendly infrastructure. We look forward to presenting novel retail experiences to the community, enhanced by a high end residential development developed to appeal to a wide range of homebuyers.”
” Drawing on our combined experiences in large, mixed-use property developments, we aim to set a brand-new criteria for dynamic city living in the area,” claimed Soon Su Lin, Chief Executive Officer of Frasers Property Singapore.
” It stands for a significant action in growing our development collection, with a disciplined, partnership-led strategy, concentrated on developing worth for the long-term.”
The site is going to be established in two phases, with the primary phase offering residential property developments along with retail space and a park. Developed for families and working professionals, the homes are anticipated to be launched for sale next year.
Frasers Property are going to be jointly developing a 5.15 ha mixed-use spot in Petaling Jaya, Malaysia, with Malaysian property developer Tan & Tan Developments Berhad.
Meanwhile, the retail element will take the form of a low-rise, al fresco lifestyle destination with integrated community and public places.
Situated in Section 13 of Petaling Jaya, the master-planned precinct is pictured as a lifestyle destination that will secure the ongoing restoration of the area, according to a joint press release issued on Aug 21.
The conjoint project associates are going to each hold an equal risk in the task, known as PJ Quarter.
Two established colleges– Universiti Malaya and International Islamic University Malaysia– are also inside a 1km radius of the site. The mixed-use property development will additionally appreciate connection to the Greater Klang Valley via major highways like the Federal Highway and Sprint Expressway.
