Author Archives: analyst

‘2nd, 3rd MRT line may cover Putrajaya’

The second and third lines of the Mass Rapid Transit (MRT) system is expected to serve Putrajaya, MRT Corporation Sdn
Bhd chief executive officer Datuk Azhar Abdul Hamid said today.

He said the Land Public Transport Commission was preparing a working paper with regard to the new lines which would be presented to the government for approval.

“We are expecting good news (approval from the government) by year-end,” he told reporters after visiting MRT’s centralised labour quarters (CLQ).

Azhar said the working paper by the commission would cover the second and third lines of the MRT but the execution would depend on the government if it wants to implement both lines simultaneously or one after the other.

He also said the second line may ply between Sungai Buloh and Putrajaya but however nothing has been finalised.

On the CLQ, Azhar said the centre would cater for the accommodation requirement of foreign workers and a small percentage of local personnel.

At the peak of the MRT construction, about 13,000 workers are expected to be deployed in the project.

MRT would build four centres for approximately RM100 million to accommodate 12,000 workers in Sungai Buloh, Cochrane, Cheras and Kajang.

Besides accommodation, the CLQ would also house a surau, health bay, cafeteria, recreation area, several sundry shops and the state-of-the art security system which can only be activated by face recognition.

The first line of the MRT project is expected to be completed in July 2017 and it will have the maximum capacity to ferry 400,000 passengers daily with a catchment area of 1.2 million living along the Sungai Buloh-Kajang stretch.– Bernama

Source: ‘2nd, 3rd MRT line may cover Putrajaya’

KVMRT II – A Bigger Hit Than KVMRT I

Reiterate Overweight on the construction and property sectors.

Source: Maybank IB Research

We came away from a meeting with Gamuda’s Group Managing
Director Dato’ Lin Yun Ling feeling upbeat, as the approval for KVMRT
2 is on track and local contractors will benefit from the replenishment of
their order books post KVMRT I. We maintain our Overweight call on
the construction sector with our top BUYs being Gamuda, IJM Corp,
WCT and Sunway. The final alignment of KVMRT 2 will likely create
another buying spree for properties close to the new MRT stations. Key
beneficiaries include SP Setia, YTL Land, UEML and IOI Prop.

KVMRT on high-priority list.

Dato’ Lin believes that the government is
highly committed to implementing KVMRT 2 & 3, as the socioeconomic
benefits that could be reaped from the KVMRT far outweigh its costs as
compared to the government’s other development plans. In addition,
the radial line (KVMRT 2) connecting Sg Buloh and Serdang will take
precedence over the Circle Line (KVMRT 3). KVMRT 2 is expected to
have the highest ridership compared to KVMRT 1 & 3 and other LRT
lines, as it will serve densely populated, lower-income neighbourhoods
including Damansara Damai, Kepong, Kg. Pandan, Batu, and Serdang.



Follow the MRT lines to the next boom areas.

While we are surprised by the delay in the Circle Line (probably to 2015) which has

the important function of integrating the currently disjointed LRT and
monorail lines, the second MRT line (Sg Buloh-Serdang-Putrajaya) will
likely set off another buying spree of properties located close to the new
MRT stations. Key beneficiaries include 1MDB’s Tun Razak Exchange
project, SP Setia (Selayang), YTL Land (Sentul), UEML (exAngkasaraya) and IOI Corp (via IOI Prop; Putrajaya).

Approval is on track.

SPAD has completed the detailed studies on
KVMRT 2, which are ready to be tabled to the cabinet. Dato’ Lin
expects approvals to come through by Jul 2013 at the earliest, because
it is essential that the civil works of KVMRT 2 begin right after civil
works on KVMRT 1 are completed in mid-2015. Hence, the government
needs to approve KVMRT 2 by Jul 2013 since land acquisitions, public
feedback on the alignment and tendering would take up to two years.
KVMRT 2 and 3 should be completed by 2020 and 2021 respectively.



Artist impression of the trains, manufactured by Siemens, which will be used for the MRT Sungai Buloh-Kajang Line. The design of the trains, by Designworks USA of the BMW Group, has been finalized but the livery of the trains will be determined at a later stage. Each train set will have four cars and can carry 1,200 people.



Riding On The KVMRT

Mah Sing Group buys land near RRIM (Sungai Buloh)

It plan to develop a MYR800m mixed development project. Mah Sing is planning a mixed development project called D’sara Sentral for the site, to be launched by 4Q13. It will comprise serviced apartments (65% of GFA), retail space (15%) and SoVo (20%; from MYR650psf onwards). Total GDV of MYR800m or an ASP of MYR876psf (assuming an efficiency ratio of 80%) is attainable, in our view, as Dijaya’s Tropicana Gardens (MRTlinked property project) phase 2 is already selling at MYR1,000psf (net).

Man shing land

mah sing land1

Source: Maybank Research, Mah Sing

MRT Denies Facing Labour Shortage

“MRT project was currently progressing well and was not experiencing any labour shortage”.  Datuk Azhar Abdul Hamid, CEO of MRT Corp (Mass Rapid Transit Sdn Bhd)

28 mar 2013


Series of Research Report by KVMRT Research

Free Trial – Klang Valley MRT Line
Free Trial – Transacted Report
Research Report – MRT Sg Buloh – Kajang Line Alignment Map @ RM99
Research Report – LRT Line & LRT Extension @ RM79
Research Report – Transacted Price – Klang Valley Property @ RM89