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

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

The site will be established in 2 phases, with the initial phase presenting non commercial developments together with retail space and a park. Designed for families and working specialists, the homes are expected to be launched for sale next year.

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

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” It represents a significant step in growing our development portfolio, through a disciplined, partnership-led approach, focused on developing worth for the long-term.”

Meanwhile, the retail element will take the type of a low-rise, al fresco lifestyle location with combined neighborhood and public spaces.

The conjoint business venture partners are going to each hold an equal risk in the job, known as PJ Quarter.

” Drawing on our mixed experiences in massive, mixed-use property developments, we aim to set a brand-new benchmark for lively city living in the area,” claimed Soon Su Lin, Chief Executive Officer of Frasers Property Singapore.

Tan Yee Seng, Chief Executive Officer of Tan & Tan, said, “The location will gain from the government’s initiatives to invigorate Section 13 right into an even more liveable and vibrant hub with environment-friendly connectors and pedestrian-friendly framework. We look forward to presenting novel retail experiences to the community, complemented by a high end residential development designed to appeal to a wide range of property buyers.”

Flaunting a triple-frontage at an essential crossway of Jalan Kemajuan and Jalan Profesor Diraja Ungku Aziz, the mixed-use project is a short travel from a number of retail and recreational features, consisting of 3 Damansara, Jaya Shopping Center, Retail @ Pacific, Mid Valley Megamall and The Gardens Shopping center.

Two established colleges– Universiti Malaya and International Islamic College Malaysia– are likewise within a 1km distance of the site. The mixed-use development will also experience connection to the Greater Klang Valley via significant freeways like the Federal Highway and Sprint Expressway.