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:
“The diversity in the faculties of men, from which the rights of property originate, is not less an insuperable obstacle to a uniformity of interests. The protection of these faculties is the first object of government.”
—James Madison (1751–1836)
“Life is beset by many annoyances, and those that stand out above all are the life- insurance and advertising agents.”
—Alice Foote MacDougall (1867–1945)