{"id":100444,"date":"2018-10-24T11:11:36","date_gmt":"2018-10-24T04:11:36","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/high-speed-rail-delay-unlikely-to-impact-singapore-malaysia-ties\/"},"modified":"2018-10-24T12:02:52","modified_gmt":"2018-10-24T05:02:52","slug":"high-speed-rail-delay-unlikely-to-impact-singapore-malaysia-ties","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/high-speed-rail-delay-unlikely-to-impact-singapore-malaysia-ties\/","title":{"rendered":"High Speed Rail delay unlikely to impact Singapore-Malaysia ties"},"content":{"rendered":"


\nArtist\u2019s impression of the HSR terminus in Jurong East.
\nThe decision to defer the construction of the Singapore-Kuala Lumpur High Speed Rail (HSR) until May 2020 is unlikely to cause a strain between the relationship of both countries, reported Bernama.
\nAccording to Malaysia\u2019s Economic Affairs Minister Datuk Seri Mohamed Azmin Ali, the postponement to a reasonable time was mutually agreed. It was not a one-sided move.
\n\u201cI can understand the concern expressed by Singapore Prime Minister Lee Hsien Loong in the event both countries can\u2019t achieve any resolution or any agreement on that particular project.\u201d
\n\u201cBut, now, we have reached a decision in a cordial manner. We look forward to resuming the project in 2020 and that was agreed to by both parties,\u201d he told reporters on Tuesday (23 Oct).
\nSearch for properties near the future High Speed Rail terminus in\u00a0Jurong.
\nPM Lee had previously said the decision on the HSR could have been a thorny issue between Singapore and Malaysia. But both sides managed to constructively settle it, ultimately consenting to a two-year postponement of the project.
\nMeanwhile, Malaysian Prime Minister Mahathir Mohamad said on Monday (22 Oct) that the federal government can slash its debt by over RM300 billion ($99.27 billion) if it terminates four large-scale projects.
\nThese consist of the HSR and East Coast Rail Line (ECRL) plus two pipeline projects, namely the Multi-Product Pipeline (MPP) and Trans-Sabah Gas Pipeline (TSGP).
\nMr Mahathir also blasted the prior Malaysian administration for undertaking mega developments without first ensuring that the government had sufficient funds.
\n\u201cIf we did not have enough money, we determined how much was the debt level (and) how much could be repaid from the return on investment; that\u2019s the best way,\u201d he added.
\nInterested in buying property near the future High Speed Rail terminus in Jurong? Check out our\u00a0step-by-step guide to buying a condo.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…High Speed Rail delay unlikely to impact Singapore-Malaysia ties<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Artist\u2019s impression of the HSR terminus in Jurong East. The decision to defer the construction...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-100444","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-q84","jetpack-related-posts":[{"id":97362,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-and-malaysia-agree-to-postpone-high-speed-rail-project\/","url_meta":{"origin":100444,"position":0},"title":"Singapore and Malaysia agree to postpone High Speed Rail project","date":"September 6, 2018","format":false,"excerpt":"\r Artist\u2019s impression of the HSR terminus in Jurong East. While many may be disappointed, Singapore and Malaysia\u2019s agreement to postpone the development of the Kuala Lumpur-Singapore High-Speed Rail (HSR) offers greater clarity on the way forward for the mega project, said Singapore Transport Minister Khaw Boon Wan in a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123539,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/malaysia-wants-hsr-project-revived-singapore-open-to-idea\/","url_meta":{"origin":100444,"position":1},"title":"Malaysia wants HSR project revived, Singapore open to idea","date":"December 1, 2021","format":false,"excerpt":"\r The High-Speed Rail project between Singapore and Malaysia was terminated on 1 Jan 2021, however, the Malaysian prime minister has suggested reviving discussions for the project. Malaysia Prime Minister Ismail Sabri Yaakob has suggested reviving discussions on a High-Speed Rail (HSR) with Singapore, reported Channel News Asia (CNA) citing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/12\/Artists-impression-of-the-HSR-terminus-in-Jurong-East-crop.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":34354,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-malaysia-to-sign-hsr-agreement-next-month\/","url_meta":{"origin":100444,"position":2},"title":"Singapore, Malaysia to sign HSR agreement next month","date":"November 15, 2016","format":false,"excerpt":"\r Singapore PM Lee Hsien Loong and Malaysian PM Najib Razak are to witness the signing of the agreement in early December. Singapore and Malaysia are set to sign a bilateral agreement early next month for the development of the long-awaited high-speed rail (HSR), which will connect the two countries,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":89906,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/3-reasons-why-scrapping-the-hsr-project-may-be-bad-for-jurong\/","url_meta":{"origin":100444,"position":3},"title":"3 reasons why scrapping the HSR project may be bad for Jurong","date":"May 30, 2018","format":false,"excerpt":"\r Artist\u2019s impression of the HSR terminus in Jurong East. The growth prospects of Jurong\u2019s property market may have dimmed after Malaysia\u2019s new Prime Minister Dr Mahathir Mohamad on Monday (28 May) said a \u201cfinal decision\u201d was made to scrap the Kuala Lumpur-Singapore High Speed Rail (HSR) project. Both countries\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2018\/05\/Jurong-Lake-District.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":20888,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-malaysia-to-sign-high-speed-rail-agreement-today\/","url_meta":{"origin":100444,"position":4},"title":"Singapore, Malaysia to sign high-speed rail agreement today","date":"July 19, 2016","format":false,"excerpt":"\r The signing of the MOU for the HSR project is seen as a significant milestone. Prime Minister Lee Hsien Loong and his Malaysian counterpart, Najib Razak, are set to meet today (19 July) in Putrajaya to witness the signing of the Memorandum of Understanding (MOU) for the construction of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":118413,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/malaysias-myhsr-launches-two-consultant-tenders-for-kl-singapore-hsr-project\/","url_meta":{"origin":100444,"position":5},"title":"Malaysia's MyHSR launches two consultant tenders for KL-Singapore HSR project","date":"August 27, 2020","format":false,"excerpt":"\r The tenders are for a land consultant and an environmental, heritage and social impact assessment consultant for the rail project. Malaysia\u2019s MyHSR Corporation has launched two tenders to secure the services of consultants that will assist with regulatory submissions relevant to the Kuala Lumpur-Singapore High-Speed Rail (HSR) project. The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/100444"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=100444"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/100444\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=100444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=100444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=100444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}