Frasers Property and Tan & Tan to jointly develop 5.15ha mixed-use site in Petaling Jaya, Malaysia
Tan Yee Seng, Chief Executive Officer of Tan & Tan, stated, “The location is going to gain from the federal government’s efforts to rejuvenate Section 13 right into a much more liveable and vivid hub with environment-friendly connectors and pedestrian-friendly framework. We look forward to introducing novel retail experiences to the community, complemented by a high end housing development developed to appeal to a wide spectrum of buyers.”
Boasting a triple-frontage at a key junction of Jalan Kemajuan and Jalan Profesor Diraja Ungku Aziz, the mixed-use project is a brief drive from several retail and recreational services, consisting of 3 Damansara, Jaya Shopping Center, Retail @ Pacific, Mid Valley Megamall and The Gardens Shopping mall.
The site will be established in 2 stages, with the primary stage presenting residential property developments along with retail space and a park. Developed for families and working professionals, the homes are expected to be launched for deals following year.
” Drawing on our combined experiences in large-scale, mixed-use property developments, we aim to set a brand-new benchmark for vivid metropolitan living in the place,” stated Soon Su Lin, CEO of Frasers Property Singapore.
Meanwhile, the retail part will definitely take the form of a low-rise, outdoor lifestyle venue with incorporated area and public places.
The shared business venture partners will each hold an equal stake in the task, called PJ Quarter.
Found in Section 13 of Petaling Jaya, the master-planned precinct is envisioned as a lifestyle destination that are going to secure the ongoing rejuvenation of the location, according to a joint press release issued on Aug 21.
Frasers Property will be jointly establishing a 5.15 ha mixed-use place in Petaling Jaya, Malaysia, with Malaysian property developer Tan & Tan Developments Berhad.
Two established universities– Universiti Malaya and International Islamic College Malaysia– are likewise within a 1km radius of the site. The mixed-use property development will likewise appreciate connectivity to the Greater Klang Valley through major highways including the Federal Highway and Sprint Expressway.
” It speaks for a meaningful step in developing our development portfolio, with a disciplined, partnership-led method, concentrated on creating value for the long-term.”
