News about LRT

THE RM9 billion worth of jobs to be awarded under the third light rail transit (LRT) line project by the end of the year has been one of the bigger catalysts in the pipeline for the construction industry.

Bina Puri Holdings Bhd (May 27, 37 sen) Maintain hold with a lowered target price (TP) of 42.

KUALA LUMPUR (May 24): Construction company TRC Synergy Bhd (TRC Synergy) expects contribution from its property segment to increase to between 20% to 30% of the total revenue in two year's time.

•    Today, we look at price growth and indicative asking rental yields for non-landed homes in Kelana Jaya.

•    This week, the spotlight falls on the secondary market of non-landed residences in Kelana Jaya, Selangor.

  KUALA LUMPUR (April 30): New transportation infrastructure such as the mass rapid transit (MRT) and light rail transit (LRT) will enhance the investibility of shophouses, said Savills Malaysia managing director Allan Soo (pictured,below) at The Edge Real Estate Investment Forum 2016 (REIF 2016) today.

KUALA LUMPUR (April 27): Prasarana Malaysia Bhd expects to start awarding tenders for the RM9 billion light rail transit Line 3 (LRT 3) project in the second half of the year (2H).

Construction sector Maintain “overweight”: A local business daily reported that the Kuala Lumpur high speed rail (HSR) project will commence operations in 2027 from its initial target of 2020.

PETALING JAYA (April 14): The construction of new LRT Kelana Jaya Line extension project (LEP) is currently progressing to the final stage, and the line is on track to begin operations at end-June this year, said infrastructure operator Prasarana Rail and Infrastructure Projects Sdn Bhd (Praise) CEO Datuk Zohari Sulaiman.

KUALA LUMPUR (April 11): Malaysia's construction segment is expected to grow between 8% and 10% in 2016 in terms of projects undertaken, driven by government infrastructure projects, said Works Minister Datuk Seri Fadillah Yusof.