KL Sentral redevelopment a boon for MRCB

“We view this as a timely opportunity to expand MRCB’s commercial exposure in a prime and strategic location," said HLIB Research.

PETALING JAYA: The redevelopment of the KL Sentral Station on a private-finance-initiative basis with Malaysian Resources Corp Bhd (MRCB) at a cost of more than RM1bil is a well-timed chance to enhance the company’s commercial presence in a prime and strategic area, according to Hong Leong Investment Bank (HLIB) Research.

“We view this as a timely opportunity to expand MRCB’s commercial exposure in a prime and strategic location. From what we gather, demand has been strong historically, with residential developments seeing take-up rates of 85% and above,” the research house said.