Singapore-KL high-speed rail deferment: Delay not likely to affect prices of property, say experts

An exhibition on the high-speed rail project in Kuala Lumpur last year. The HSR terminus in Singapore would be located in Jurong East. Property analysts and businesses do not believe the postponement of the project will have a significant impact on t
An exhibition on the high-speed rail project in Kuala Lumpur last year. The HSR terminus in Singapore would be located in Jurong East. Property analysts and businesses do not believe the postponement of the project will have a significant impact on the prices of homes, retail or office buildings in Jurong.PHOTO: BERNAMA

High-speed rail project only one part of plans for rejuvenation of the Jurong area, they say

The high-speed rail (HSR) between Kuala Lumpur and Singapore would have been a bonus for the Jurong area, but now that the project is postponed, property analysts and businesses do not believe that it will have a significant impact on the prices of homes, retail or office buildings.

But when the railway is eventually built, retail property, in particular, may get a slight boost in value from the expected increase in human traffic, they said.

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A version of this article appeared in the print edition of The Straits Times on September 07, 2018, with the headline 'Delay not likely to affect prices of property, say experts'. Print Edition | Subscribe