Contrary to perception that Klang Valley's multi-billion My Rapid Transit (MRT) would have a big property angle to make the project viable, this is not likely to be the case.
MRT Co chief executive officer Datuk Azhar Abdul Hamid says that following the rail and property development model of Hong Kong's Mass Transit Railway (MTR) Corp Ltd is not feasible here as “our civil and legal system does not allow that luxury.”
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
