IJM Properties Sdn Bhd expects its latest RM250mil signature development PJ eight to be completed in three years, said IJM Corp Bhd managing director Datuk Krishnan Tan.
Intended to reinvigorate Petaling Jaya's (PJ) central business district that is considerably deserted at night, the project offers an all-in-one concept of home, office and dining facilities,” he said.
With a total land area of 860,000 sq ft, PJ eight comprises three office blocks of 12, 13 and 17 storeys respectively, and a 39-storey apartment block.
“The apartment block will be PJ's tallest building,” Tan said during a media launch yesterday.
PJ eight’s name comes from its location at Section 8, more commonly known as PJ New Town.
Tan said with more than 1,100 parking bays, PJ eight would not face parking problems well known in its locale that faced the Federal Highway, opposite the PJ Hilton hotel.
“Elevated six metres above ground level, it will have its own serenity despite facing the highway,” he said, adding that it would have four entry and three exit points to ease accessibility.
The project, on 3.9 acres, will be jointly developed by IJM Properties, the property division of IJM Corp, and land owner Idaman Harmoni Sdn Bhd, a subsidiary of Mega First Corp Bhd.
According to Tan, the 12-storey and 13-storey office blocks are already booked and “a lot of interest has been generated from signboards alone.” A public preview of the office suites will be held on May 14-15 and its apartment suites will be launched in August.
PJ eight’s 12-storey office suites, priced from RM390 per sq ft, offers built-up areas of 1,500 to 4,000 sq ft. The apartments range from 668 sq ft one-bedroom suites to 5,000 sq ft penthouses and are priced from RM350 per sq ft.
Tan said construction work was expected to start next month and “will be completed on time with fantastic quality.”
“We also focus on post completion maintenance to ensure capital appreciation for buyers,” he added.
PJ eight features a half Olympic-sized pool, squash and tennis courts, gymnasium, barbeque pits and state-of-the-art access card security system.
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