LRT

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...

In a remarkable feat of transportation excellence, Rapid Rail Sdn Bhd has set a new benchmark by exceeding one million daily passengers on May 29, marking a historic milestone in the company's trajectory. This significant achievement not only underscores the efficiency and reliability of Malaysia's public transportation system but also holds promising implications for the country's economic landscape,...

The unveiling of the Penang LRT Mutiara Line marks a transformative step in enhancing the state's transportation network. Spanning 28 kilometers and featuring 22 strategically placed stations, this line is set to significantly boost connectivity across Penang, providing efficient transit solutions from the mainland to the island's core urban areas. A Comprehensive Look at the Mutiara Line Stations The...

In a significant development in Malaysian infrastructure, Transparency International Malaysia (TI-M) has called for stringent independent oversight of the Penang Light Rail Transit (LRT) project. This call comes in light of concerns over the direct tender process awarded to SRS Consortium Sdn Bhd, a subsidiary of Gamuda Bhd. Muhammad Mohan, the president of TI-M, emphasized the necessity of third-party...

Penang's real estate sector is poised for significant growth, buoyed by the state's latest infrastructural developments and strategic initiatives aimed at enhancing connectivity and reducing traffic congestion. RHB Research has recently highlighted the optimistic outlook for Penang's property market, particularly in light of the Cabinet's approval of the Penang Light Rail Transit (LRT) Mutiara Line...