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PETALING JAYA: Sections 51 and 52 in Petaling Jaya have been earmarked as a potential new town centre for Petaling Jaya under the Selangor state government’s urban regeneration plan.
Section 51 spans some 370 acres and is primarily an industrial area with limited commercial units. In its present state, it sees a number of vacant factory lots and poor parking facilities.
Meanwhile, Section 52, also known as PJ New Town or PJ State, is approximately 227 acres and houses various institutional buildings like the PKNS headquarters, Menara MBPJ and the PJ Magistrate Court.
At present, according to property consultants familiar with the areas, prices of industrial office spaces in Section 51 are estimated to be between RM1.80 to RM2.30 per sq ft for rental, and around RM350 per sq ft for sale.
In Section 52, depending on the location, prices of commercial units have risen steadily over the last three to four years. It was reported that 3-storey shops facing Menara MBPJ Tower have seen a 40% price increase to RM2.5 million from RM1.5 million four years ago.
Read more about the area and the benefits and challenges of regeneration in the Dec 21 issue of City & Country, the property pullout of The Edge Malaysia. Also view the video on Sections 51 and 52 of Petaling Jaya in the Multimedia section of theedgeproperty.com. New town centre for Petaling Jaya
