Frasers Property and Tan & Tan to jointly develop 5.15ha mixed-use site in Petaling Jaya, Malaysia
Frasers Property are going to be mutually creating a 5.15 ha mixed-use place in Petaling Jaya, Malaysia, with Malaysian developer Tan & Tan Developments Berhad.
The joint venture associates will each hold an equal stake in the job, known as PJ Quarter.
Situated in Section 13 of Petaling Jaya, the master-planned precinct is visualized as a lifestyle location that are going to secure the recurring renewal of the location, according to a joint press release provided on Aug 21.
The site will be created in two stages, with the primary phase presenting non commercial property developments along with retail space and a park. Designed for families and working professionals, the homes are anticipated to be released for sale next year.
Boasting a triple-frontage at an essential crossway of Jalan Kemajuan and Jalan Profesor Diraja Ungku Aziz, the mixed-use venture is a short drive from several retail and recreational amenities, consisting of 3 Damansara, Jaya Shopping Centre, Retail @ Pacific, Mid Valley Megamall and The Gardens Shopping mall.
On the other hand, the retail element will definitely take the type of a low-rise, al fresco lifestyle spot with incorporated community and public spaces.
2 well-known universities– Universiti Malaya and International Islamic University Malaysia– are likewise throughout a 1km radius of the site. The mixed-use development will likewise appreciate connection to the Greater Klang Valley through major highways such as the Federal Highway and Sprint Expressway.
” It speaks for a purposeful step in developing our development collection, via a disciplined, partnership-led strategy, concentrated on creating worth for the long-term.”
” Drawing on our combined experiences in massive, mixed-use property developments, we intend to set a new criteria for vivid metropolitan living in the location,” said Soon Su Lin, CEO of Frasers Property Singapore.
Tan Yee Seng, CEO of Tan & Tan, stated, “The site will benefit from the federal government’s efforts to revitalize Section 13 into a much more liveable and lively center with green connectors and pedestrian-friendly infrastructure. We look forward to presenting novel retail experiences to the community, matched by a high end housing development made to appeal to a wide spectrum of buyers.”
