PJCC Development Sdn Bhd has sold RM50 million of properties under the first phase of its Petaling Jaya Commercial City (PJCC) development project. The first phase, which is only 45 per cent complete, comprises 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. The overall development, scheduled for completion in 2014, houses four precincts over 13ha and will be developed in three phases. PJCC Development is the owner and developer of the PJCC project.
(28-1-2008 New Straits Times)
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