THE EDGE MARKETS. 16TH APRIL: Initially an industrial enclave, Section 13 is one of the last few tracts in Petaling Jaya that are still available for redevelopment, thanks to a rezoning exercise carried out more than a decade ago.
Some of the recent land transactions are the purchase of Dutch Lady Milk Industries Bhd’s 9.93-acre (4.02-hectare) leasehold factory parcel and buildings by UEM Sunrise Bhd, and the sale of the former Sinalco and Kickapoo Joy Juice bottling factory site to Penang-based GSD Land (M) Sdn Bhd.
Over the past 10 years, the landscape of Section 13, which is bounded by Jalan Professor Khoo Kay Kim, Jalan Profesor Diraja Ungku Aziz and Jalan Kemajuan, has changed significantly, giving way to more mixed-use developments.
The most recently completed offerings are ATWATER by Paramount Property Development Sdn Bhd and Ryan & Miho by OSK Property, both on Jalan Profesor Diraja Ungku Aziz.
This week’s issue also looks into the Kota Kinabalu housing performance through the Rahim & Co Kota Kinabalu Housing Property Monitor (4Q2022) and the Coronation Square development in Johor Bahru. It also features an interview with Master Builders Association Malaysia (MBAM) president Oliver Wee on the future of Malaysia’s construction industry, as well as news from Singapore and abroad.