Under a privatisation scheme with Kuala Lumpur City Hall (DBKL), Jakel Development Sdn Bhd will redevelop the site into a integrated mixed development. The company is also said to be building a large scale shopping mall as part of this massive development in the heart of Cheras.

By mid 2015, Jakel Development will firstly launch J.Dupion Residence on a 1.7-acre land that it already owned north of the velodrome site. Named after a crisp type of silk fabric, J.Dupion comprises only 399 units housed in 2 blocks of 39-storey service apartments and 10,300 sq ft of retail space targeted at lifestyle and convenience outlets. Majority of apartment units are positioned to maximise the city skyline.

These developments will be connected conveniently with the adjacent Taman Pertama MRT Station (formerly called Taman Bukit Ria). Taman Pertama MRT Station is only 1 MRT station away from Maluri MRT Station, 2 stations from Cochrane, 3 stations from Tun Razak Exchange (TRX) and 4 stations from Bukit Bintang.

The developer is part of the Jakel Group, which is Malaysia’s renowned local textile, batik and fabric retailer. Currently, Jakel Group operates 20 stores nationwide and employs close to 5,000 staffs nationwide.

In 2012, Jakel Group bought CapSquare north and south towers together with its retail podium from Bandar Raya Developments Berhad (BRDB). Located in Dang Wangi, these freehold commercial assets have a combined net lettable area of 830,000 sq ft and the purchase price was more than RM300 million.

Subsequently, the company would redevelop them into Jakel Square, which will be consisting of a textile mall, a hypermarket, a 4-star Kuala Lumpur’s first fully Shariah-compliant hotel of 320 rooms and 2,543 parking bays. Jakel Group would relocate its first Klang Valley store – the Jalan Masjid India store, which opened in 2007, to Jakel Square.

In February 2015, Jakel Group officiated the opening of the world’s largest standalone textile mall called Jakel Mall in Jakel Square. The mall has an area of 330,000 sq ft. Later in 2015, Middle East’s largest hypermarket chain Lulu Group with collaboration with Malaysia’s Felda will open its first store in the region as part of Jakel Square.

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