KUALA LUMPUR: Gamuda Land has partnered with Taylor’s Assets to redevelop a 1.17-hectare site in SS15, Subang Jaya, into a mixed-use project with a gross development value (GDV) of RM500 million.
Gamuda Land is the property arm of Gamuda Bhd
, while Taylor’s Assets manages investments and properties for Taylor’s Education Group.
In a joint statement, the companies said the development, comprising serviced apartments, purpose-built student accommodation (PBSA) and retail space, aims to enhance SS15’s liveability while addressing the shortage of quality student housing.
It is slated for completion in November 2029.
Gamuda Land, chief executive officer Chu Wai Lune said the redevelopment is a strategic step forward for the company as it continues to apply its town-making expertise beyond core township developments.
"While large-scale townships remain our foundation, select urban regeneration projects like SS15 allow us to contribute meaningfully to mature neighbourhoods through smart design, connectivity and integration.
"With a carefully planned mix of serviced apartments, PBSA and retail - all designed with liveability, accessibility and community in mind - the development will rejuvenate a well-loved part of Subang Jaya,” he said.
Meanwhile, Taylor’s Education Group, executive chairman Datuk Loy Teik Ngan said the development will strengthen the group’s ability to respond to market needs with flexibility and foresight.
"Through this project, Taylor’s Assets further strengthens its leadership in the PBSA market, benchmarking Malaysia’s offering against established markets in the United Kingdom, United States and Australia,” he said.
The statement said the development will include a PBSA tower managed by Taylor’s Hostel Management, the multi-award-winning student accommodation operator known for delivering quality living experiences.
The PBSA will help address the growing need for quality student housing in Subang Jaya, particularly for first-year students, while underscoring Taylor’s Assets’ broader growth strategy to diversify within the education sector, with PBSA positioned as a core anchor.
With an established presence in Malaysia, Singapore and Vietnam, Taylor’s Education Group aims to expand its portfolio through capital-efficient partnerships that generate recurring income, enhance community impact and deliver sustainable long-term returns. - Bernama
