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

Located in Section 13 of Petaling Jaya, the master-planned precinct is pictured as a lifestyle destination that will secure the ongoing renewal of the area, according to a joint news release issued on Aug 21.

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

The spot is going to be created in 2 stages, with the first stage presenting non commercial property developments together with retail space and a park. Designed for families and working specialists, the homes are anticipated to be introduced for sale next year.

Two established universities– Universiti Malaya and International Islamic University Malaysia– are likewise inside a 1km distance of the site. The mixed-use property development will likewise appreciate connection to the Greater Klang Valley through major highways like the Federal Highway and Sprint Expressway.

Zyon Grand CDL & Mitsui Fudosan

Meanwhile, the retail part will take the type of a low-rise, open-air lifestyle spot with combined neighborhood and public places.

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

Tan Yee Seng, CEO of Tan & Tan, stated, “The location will gain from the government’s efforts to invigorate Section 13 into a much more liveable and lively center with green connectors and pedestrian-friendly facilities. We look forward to launching novel retail experiences to the community, enhanced by a high end residential development made to appeal to a wide spectrum of homebuyers.”

The joint project associates are going to each hold an equal stake in the task, called PJ Quarter.

” It speaks for a purposeful step in developing our development profile, with a disciplined, partnership-led strategy, focused on creating value for the long term.”

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