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

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

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
New: Gift this subscriber-only story to your friends and family

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.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's WhatsApp Channel and get the latest news and must-reads.

A version of this article appeared in the print edition of The Straits Times on September 07, 2018, with the headline Singapore-KL high-speed rail deferment: Delay not likely to affect prices of property, say experts. Subscribe