Frasers Property and Tan & Tan to jointly develop 5.15ha mixed-use site in Petaling Jaya, Malaysia

Boasting a triple-frontage at a key intersection of Jalan Kemajuan and Jalan Profesor Diraja Ungku Aziz, the mixed-use project is a short ride from a number of retail and recreational services, including 3 Damansara, Jaya Shopping Center, Retail @ Pacific, Mid Valley Megamall and The Gardens Mall.

” It represents a meaningful step in growing our development profile, via a disciplined, partnership-led method, concentrated on creating worth for the long-term.”

Found in Section 13 of Petaling Jaya, the master-planned precinct is envisioned as a lifestyle place that are going to anchor the ongoing restoration of the area, according to a joint news release issued on Aug 21.

Meanwhile, the retail component is going to take the form of a low-rise, outdoor lifestyle venue with incorporated community and public places.

Tan Yee Seng, Chief Executive Officer of Tan & Tan, mentioned, “The location is going to gain from the federal government’s initiatives to invigorate Section 13 right into an even more liveable and lively center with environment-friendly connectors and pedestrian-friendly infrastructure. We look forward to introducing novel retail experiences to the community, complemented by an upscale housing development designed to appeal to a broad range of buyers.”

Bagnall Haus Upper East Coast Road

Two well established colleges– Universiti Malaya and International Islamic University Malaysia– are additionally throughout a 1km distance of the site. The mixed-use development will also enjoy connectivity to the Greater Klang Valley through major freeways such as the Federal Highway and Sprint Expressway.

” Drawing on our mixed experiences in large, mixed-use developments, we intend to establish a brand-new benchmark for dynamic metropolitan living in the place,” said Soon Su Lin, CEO of Frasers Property Singapore.

Frasers Property are going to be mutually creating a 5.15 ha mixed-use spot in Petaling Jaya, Malaysia, with Malaysian property developer Tan & Tan Developments Berhad.

The site is going to be established in two stages, with the initial stage offering non commercial developments alongside retail space and a park. Developed for families and working professionals, the homes are anticipated to be launched for deals following year.

The joint venture associates will each hold an equal risk in the job, known as PJ Quarter.