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

The spot is going to be developed in two phases, with the first phase featuring residential developments together with retail space and a park. Developed for families and working professionals, the homes are expected to be released for deals next year.

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

Tan Yee Seng, Chief Executive Officer of Tan & Tan, mentioned, “The location is going to benefit from the government’s efforts to revitalize Section 13 right into an even more liveable and vivid center with green connectors and pedestrian-friendly facilities. We look forward to presenting novel retail experiences to the community, matched by a high end residential development designed to appeal to a wide spectrum of buyers.”

” Drawing on our consolidated experiences in large-scale, mixed-use property developments, we intend to establish a brand-new criteria for vibrant metropolitan living in the location,” claimed Soon Su Lin, CEO of Frasers Property Singapore.

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

Bloomsbury Residences condo floor plan

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

On the other hand, the retail part will take the kind of a low-rise, outdoor lifestyle location with incorporated neighborhood and public spaces.

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

Boasting a triple-frontage at a vital crossway of Jalan Kemajuan and Jalan Profesor Diraja Ungku Aziz, the mixed-use venture is a short travel from numerous retail and recreational features, consisting of 3 Damansara, Jaya Mall, Retail @ Pacific, Mid Valley Megamall and The Gardens Shopping center.

The shared venture partners are going to each hold an equal risk in the task, referred to as PJ Quarter.