01 Jun '18, 2am

Malaysia pulls out of KL-Singapore High Speed Rail deal

Despite having to pay Singapore a compensation for pulling out of the KL-Singapore High-Speed Rail (HSR) project , Malaysian Prime Minister Mahathir Mohamad has said in a press conference earlier this week that they will be doing just that. Artist impression of the HSR terminus in Jurong East by Farrells. HSR project deemed to be unnecessary for Malaysia Labeled as an “unnecessary project”, Mahathir has said the project will cost RM110 billion (S$37 billion) with no chance of them earning a cent. The terminus was planned to connect Singapore’s upcoming Jurong Lake District , or the second Central Business District (CBD). Will this retraction be an obstacle to the development of the district? Previously lauded as the “jewel of the crown” of the Jurong Lake District, many of the Urban Redevelopment Authority’s (URA) plans may be interrupted. First obstacle – the 67-hectare s...

Full article: https://www.iproperty.com.sg/news/malaysia-pulls-out-of-k...

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