EcoFirst to gain from proposed MRT project

PETALING JAYA: Ecofirst Consolidated Bhd plans to launch an enlarged master plan for its Ampang township since its landbank is a beneficiary of the Mass Rapid Transit Line 3 (MRT3) project.

In a statement, the mid-sized property company said its landbank is 300m from the future Hill View station under the proposed plan.

EcoFirst alternative director Datuk Kenneth Teoh Seng Kian said the MRT3 development is a game changer for the company as properties situated near MRT stations would appreciate in value.

He added that, as a property developer, the company would also be doing its part in creating job opportunities and stimulating the economy.

“We are in the midst of revising our master plan. It will be a lot more comprehensive as we intend to transform Ampang to become a sought-after and fully self-sufficient premium township. We will reveal the master plan in the second quarter of this year,” he said.

The original plan for the Ampang project had an estimated gross development value of more than RM4bil, according to the company.

On March 4, Prime Minister Datuk Seri Ismail Sabri Yaakob announced that the construction of the MRT3 has been approved.

The preliminary plan for the MRT3 will include 30 stations. Ten of them are MRT interchange stations, light rail transit and KTM Komuter lines.

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