Bukit Chagar set to see GDV of RM3bil

Bright future: Mohd Zarif (left) exchanging documents with MTR Corp’s property & international business director David Tang Chi-Fai. Looking on are (back row, centre) Loke and Lam. — ONG SOON HIN/The Star

KUALA LUMPUR: Bukit Chagar in Johor is set to be a thriving lifestyle and business hub following the inking of a memorandum of understanding (MOU) between Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) and Hong Kong’s MTR Corporation Limited (MTR Corp) to develop a mixed development venture that revolves around public transport.

MRT Corp is the project owner of the Malaysian portion of the Johor Baru-Singapore Rapid Transit System (RTS), and the entry of MTR Corp into the picture is expected to give a boost to the venture that is expected to see a gross development value (GDV) of RM3bil.