Property and Advertising
Though considered as non-core businesses, KTMB benefited greatly from Property and Advertising segments in terms of value creation. In 2006, KTMB generated RM22.4 million from property rental and advertising activities.
- Property
The property joint ventures were progressing comparatively well under the prevailing economic climate. As regards the Sentul Raya Development, the Maple Condominium was handed over to purchasers in August 2006 while the Saffron Condominium is under construction and expected to be completed in 2007. Meanwhile, KL Sentral Development has embarked on construction of luxury condominiums, new office towers and life-style centre whilst the construction of the Marine View Hotel in Port Dickson is expected to be completed in 2007. In order to cater for demand from surrounding residential areas, KTMB's partner for the Prai Perdana Development is in the process of constructing a new retail complex and the project is expected to be completed in 2007.
- Advertising
Through KTMB's collaboration with Ganad Media Sdn. Bhd. the advertising revenue had increased by 9.7% to RM1.47 million compared to the previous year. Several new advertising structures have been built in Klang Valley while more on-train advertising media like panels and hand-grips were made available on top of the increased demand for 'wrap-around' advertising on the commuter trains.
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Famous quotes containing the words property and/or advertising:
“When a strong man, fully armed, guards his castle, his property is safe. But when one stronger than he attacks him and overpowers him, he takes away his armor in which he trusted and divides his plunder.”
—Bible: New Testament, Luke 11:21.22.
“Remove advertising, disable a person or firm from preconising [proclaiming] its wares and their merits, and the whole of society and of the economy is transformed. The enemies of advertising are the enemies of freedom.”
—J. Enoch Powell (b. 1912)