Crest Builder in RM1bil Kelana Jaya LRT development PETALING JAYA: Crest Builder Holdings Bhd is believed to have won a bid to develop the vacant land around the Kelana Jaya LRT station in a tie-up with Syarikat Prasarana Negara Bhd, property sources said. StarBiz has learnt that the project is worth RM1bil in gross development value (GDV) and would see the small-cap construction firm clearing out some of the existing structures around the station, which is currently the final stop in the Kelana Jaya LRT line. There were about six bidders, including Ahmad Zaki Resources Bhd, the MCT group and TH Properties Sdn Bhd.( thumbs down to AZRB) This would be Crest Builder’s second joint venture with Prasarana to monetise the public transport owner and operator’s landbank along rail lines. Crest Builder had bagged in April 2012 the development of an RM1.04bil, 40-storey tower atop the Dang Wangi LRT station along Jalan Ampang in downtown Kuala Lumpur, marking Prasarana’s foray into property development.
Posted on: Wed, 26 Feb 2014 04:51:44 +0000
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