PJCC Development Sdn Bhd has already sold RM50 million of properties under the first phase of its Petaling Jaya Commercial City (PJCC) development project.  This phase, which is only 45 per cent complete, consists of the retail city precinct that offers three, five and eight-storey shop-lots.

The book value of the retail city is RM80 million, while the gross development value of the whole project is RM500 million.  According to PJCC Development sales & marketing manager, Vincent Tai, the project will be substantially self-funded.  It is scheduled for completion in 2014, and will house four precincts spanning 13ha, to be developed in three phases.

Adding that PJCC envisages its latest project to be the `Mid Valley of Petaling Jaya', Tai substantiated his point of view by emphasising its location - between the Mid Valley Megamall in Kuala Lumpur and Sunway Pyramid in Petaling Jaya.  Furthermore, with its competitive pricing, this development shall be an attractive prospect for investors and businessmen.

In addition to what the Mid Valley Megamall already has, such as service apartments, a hotel and a shopping mall, PJCC's development shall also include an automotive city complex, a lake city complex, a bazaar retail lot and a full-fledged college campus.

As far as accessibility is concerned, Tai revealed that the company has received approval to build an ingress from the New Pantai Expressway (NPE) to the development.

PJCC Development is the owner and developer of the PJCC project.  In fact, its owners are also shareholders of the Novotel Hotel in Kuala Lumpur and the Pulai Springs Resorts in Johor, which include Mah Siew Chean.