KL-S'pore high-speed rail boost for planters’ land bank

PETALING JAYA: The Kuala Lumpur-Singapore High Speed Rail (HSR) may boost the valuations of planters’ land bank due to property development potential, according to CIMB Research.

Sime Darby Bhd, Genting Plantations Bhd (GENP) and Kuala Lumpur Kepong Bhd (KLK) have their own property arm to develop the land but may selectively sell some of the land to unlock value.