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Friday, February 18, 2011

MRT system to spark more JVs, M&As for land

KUALA LUMPUR: The Mass Rapid Transit (MRT) project is expect to spark more joint ventures and mergers and acquisitions (M&As) by property developers to secure strategic land banks near rail lines, says HwangDBS Vickers Research associate director Yee Mei Hui.

Yee said on Friday, Feb 18 companies without land bank near proposed MRT stations were likely to start hunting for land plots to benefit from expected gains from having property projects near the massive public transport infrastructure.

"For those without land bank, they'll need to act quite fast,” she said at a press briefing on property plays related to the MRT project.

Yee, who covers the property and gaming sectors, also said three mixed developments near MRT stops would set the tone for future property plays along the MRT system.

The three projects are KL Eco-City near the Mid Valley area, Capers in Sentul East and Damansara City in Damansara Heights.

By The EDGE Malaysia

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