LRT

Silicon Island: Redefining Urban Living in Penang Silicon Island, a groundbreaking development off the coast of Bayan Lepas, is set to transform Penang’s urban landscape. Spanning 931 hectares, this state-owned project embodies the vision of a sustainable, mobility-centric city, where daily needs are accessible within 15 minutes by walking, cycling, or public transport. Central to this vision is the...

The Mutiara Line Light Rail Transit (LRT) project in Penang is set to commence by the end of the year, following final contract negotiations between Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) and SRS Konsortium. The project, a major component of Penang's infrastructure development plan, is expected to connect critical areas of the island, including Silicon Island and Komtar. Penang Infrastructure,...

Penang’s Mutiara Line LRT Project Expected to Begin in 2024, Confirms Transport Minister The highly anticipated Mutiara Line Light Rail Transit (LRT) project in Penang is on track to begin next year, according to Transport Minister Anthony Loke. Speaking at a press conference after the signing of a Memorandum of Agreement (MOA) between the Railway Assets Corporation and the Lembaga Perumahan Negeri...

The reinstatement of five stations on the LRT3 line in Shah Alam, Selangor, will now cost RM5.3 billion, exceeding the earlier estimate of RM4.7 billion, according to Deputy Transport Minister Hasbi Habibollah. This increase was disclosed during a Dewan Rakyat session, though specific cost breakdowns were not provided. The revived stations — Tropicana, Temasya, Raja Muda, Bukit Raja, and Bandar Botanik...

Penang Chief Minister Chow Kon Yeow expressed optimism that construction on the island’s Light Rail Transit (LRT) line could start by the end of 2024. This comes as final negotiations between MRT Corp and SRS Consortium Sdn Bhd are nearing completion. Chow noted that both parties are in the final stages of discussing technical details and contract values. Once these issues are resolved, the agreement...

Penang High-End Property Prices Surge by 7% to 10% in 2024 Amid Rising Demand and Infrastructure Developments Penang’s high-end property market continues to experience significant growth in 2024, with prices rising between 7% to 10% compared to the previous year. This surge reflects strong demand among both local and foreign buyers, particularly in areas like Bayan Baru, Pulau Tikus, and Seri Tanjung...

Setia Awan Group has officially launched its second Transit-Oriented Development (TOD), Astrum Shah Alam, in Shah Alam on Sunday, September 29, with an 80% take-up rate for two out of its three residential towers, according to a press statement on Tuesday. The development is strategically located just 20 meters away from the under-construction Dato Menteri LRT station, part of the LRT 3 project, making it...

LRT3 Nears Completion with 95.6% Progress, Operational by 3Q Next Year Construction on the Light Rail Transit 3 (LRT3) project, which spans from Bandar Utama to Johan Setia in Selangor, has reached 95.6% completion and is slated to be operational by the third quarter of next year, according to Transport Minister Anthony Loke Siew Fook. Construction and Integration Anthony Loke announced that the...

In a groundbreaking move, the Penang government, in collaboration with Mass Rapid Transit Corp Sdn Bhd (MRT Corp), is spearheading the development of a 'low- to medium-capacity' system for the Penang LRT (Mutiara Line Light Rail Transit) project. This strategic decision marks a significant shift in the landscape of public transportation in Penang, with a strong focus on adaptability and efficiency to cater...

Largely seen as a cornerstone of economic progress and a sought-after mode of transportation, the influence of MRT rail lines on surrounding properties is profound. Leveraging EdgeProp's analytical tools, we delve into transaction price and activity trends over the past two decades to unravel the impact of MRT developments on property values and economic growth in Malaysia. In the dynamic landscape of the...