Gamuda to redevelop prime commercial site in Subang Jaya into RM500m mixed-use project

• The project, located 500m from the SS15 LRT station, enjoys close proximity to major facilities within a 5km radius including Subang Medical Centre, the Sunway Pyramid shopping mall, Subang Parade, and NU Empire.

KUALA LUMPUR (Sept 4): Gamuda Bhd (KL:GAMUDA) said on Thursday it is partnering with Taylor's Education Group to redevelop a prime commercial site in SS15, Subang Jaya.

With an estimated gross development value of RM500 million, the redevelopment will entail serviced apartments, purpose-built student accommodation (PBSA), and retail spaces, the company said in a statement. The project is targeted for completion in November 2029.

The project, located 500m from the SS15 LRT station, enjoys close proximity to major facilities within a 5km radius including Subang Medical Centre, the Sunway Pyramid shopping mall, Subang Parade, and NU Empire.

It also has access to key arterial roads including Persiaran Kewajipan, Jalan SS15/7, and Jalan SS15/8, aside from highways like the New Pantai Expressway (NPE) and the Subang-Kelana Jaya Bypass.

The project will add 401 bedrooms to Taylor’s PBSA portfolio “with the ambition to expand student accommodation inventory as demand strengthens”, said Taylor’s executive chairman Datuk Loy Teik Ngan.

“The SS15 prime site has long stood as a legacy landmark for Taylor’s, and this redevelopment marks a bold step in reimagining its role for the future,” Loy said.

“While large-scale townships remain our foundation, select urban regeneration projects like SS15 allow us to contribute meaningfully to matured neighbourhoods through smart design, connectivity and integration,” said Chu Wai Lune, the chief executive officer of Gamuda’s property group Gamuda Land.

By retaining ownership of the PBSA while collaborating with a trusted development partner, Taylor’s property investment and asset management unit Taylor’s Assets is making a significant capital investment to expand its portfolio, the statement read.

As Penang girds itself towards the last lap of its Penang2030 vision, check out how the residential segment is keeping pace in EdgeProp’s special report: PENANG Investing Towards 2030.