New Straits Times - - Business -


KUALA LUMPUR news@me­di­aprima.com.my

KERE­TAPI Tanah Me­layu Bhd (KTMB) may have found a way to curb its mas­sive losses in the past two decades: by ven­tur­ing into prop­erty de­vel­op­ment.

The na­tional rail­way com­pany will jointly de­velop some parcels of land near train sta­tions into mixed res­i­den­tial and com­mer­cial units.

Based on the tran­sit-ori­ented de­vel­op­ment model, KTMB had iden­ti­fied land in Bangi, Shah Alam and Klang, said KTMB pro­cure­ment gen­eral man­ager and act­ing pres­i­dent Mohd Hider Yu­soff.

The projects would be a type of ur­ban de­vel­op­ment that max­imise the amount of res­i­den­tial, busi­ness and leisure space within walk­ing dis­tance to KTMB train sta­tions, he said.

The three lo­ca­tions, he said, were cho­sen due to their high den­sity and po­ten­tial.

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