Frasers Property and Tan & Tan to jointly develop 5.15ha mixed-use site in Petaling Jaya, Malaysia
Frasers Property will be mutually developing a 5.15 ha mixed-use spot in Petaling Jaya, Malaysia, with Malaysian developer Tan & Tan Developments Berhad.
At the same time, the retail component will definitely take the form of a low-rise, al fresco lifestyle destination with integrated community and public places.
Found in Section 13 of Petaling Jaya, the master-planned precinct is envisioned as a lifestyle place that are going to anchor the ongoing renewal of the area, according to a joint press release issued on Aug 21.
The site is going to be created in 2 stages, with the initial phase presenting non commercial property developments alongside retail space and a park. Developed for families and working specialists, the homes are anticipated to be launched for purchase following year.
Flaunting a triple-frontage at a crucial crossway of Jalan Kemajuan and Jalan Profesor Diraja Ungku Aziz, the mixed-use venture is a brief travel from several retail and recreational services, consisting of 3 Damansara, Jaya Shopping Centre, Retail @ Pacific, Mid Valley Megamall and The Gardens Shopping mall.
The joint project partners will each hold an equal risk in the task, referred to as PJ Quarter.
2 well established colleges– Universiti Malaya and International Islamic University Malaysia– are also throughout a 1km distance of the site. The mixed-use property development will additionally appreciate connectivity to the Greater Klang Valley via significant freeways such as the Federal Highway and Sprint Expressway.
” Drawing on our consolidated experiences in large, mixed-use property developments, we intend to establish a new standard for vibrant metropolitan living in the place,” claimed Soon Su Lin, Chief Executive Officer of Frasers Property Singapore.
Tan Yee Seng, CEO of Tan & Tan, said, “The site is going to benefit from the government’s efforts to rejuvenate Section 13 into an even more liveable and dynamic hub with green connectors and pedestrian-friendly facilities. We look forward to presenting novel retail experiences to the community, matched by a high end non commercial development designed to appeal to a wide spectrum of homebuyers.”
” It stands for a significant action in growing our development collection, via a disciplined, partnership-led method, focused on creating worth for the long term.”
