KTMB TO ENTER
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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.