{"id":20514,"date":"2016-07-22T16:50:51","date_gmt":"2016-07-22T09:50:51","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/coming-up-in-malacca-high-speed-rail-services-and-more-real-estate\/"},"modified":"2016-07-22T16:52:58","modified_gmt":"2016-07-22T09:52:58","slug":"coming-up-in-malacca-high-speed-rail-services-and-more-real-estate","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/coming-up-in-malacca-high-speed-rail-services-and-more-real-estate\/","title":{"rendered":"Coming up in Malacca: High-speed rail services, and more real estate"},"content":{"rendered":"


\nThe project will\u00a0serve as a growth catalyst for\u00a0the Malaysian state, but what about soaring prices?
\nImage: Investvine.com
\nThe state government of Malacca expects the High-Speed Rail (HSR) service from Kuala Lumpur to Singapore to be a catalyst for growth for Ayer Keroh and other nearby areas.
\n\u201cWe discussed the matter at the weekly exco meeting here and the state will embark on connectivity projects, including realising the ring-road projects and monorail connection to the heart of the city,\u201d said Chief Minister Datuk Seri Idris Haron.
\nRelevant authorities had already been given the directive to prioritise linking the upcoming HSR station in Ayer Keroh to various destinations in the historic city as well as ensure that the infrastructure are ready by 2026.
\n\u201cWe don\u2019t want to see visitors stuck in traffic gridlock once the project is completed. We need to prepare the blueprint and expedite the road and rail link projects,\u201d he said.
\nMore: Malaysia has big dreams for Malacca
\nIdris expects to see an economic boom in Ayer Keroh as commercial projects compete for sites near the HSR service, which would reduce travel time from Kuala Lumpur to Ayer Keroh to just 30 minutes and make commuting to Singapore hassle-free.
\n\u201cThe state expects KLties or even Singaporeans to live in Malacca and commute daily to work,\u201d he said.
\n\u201cSoon, people can have nasi lemak here for breakfast at 7.30am and reach Kuala Lumpur before 9am.\u201d
\nIdris has tasked the State Economic Development Unit (UPEN) to manage the commercial projects and land bank in Ayer Keroh.
\n\u201cThe types of commercial projects should be monitored as Ayer Keroh and Sungai Rambai could see rapid growth after the announcement made on the HSR,\u201d he said.
\nMore: Malaysia\u2019s finest developers come out for South East Asia Property Awards (Malaysia) 2016
\n\u201cThe onus is now on UPEN to see that only projects benefiting the locals should be considered in areas close to HSR stations.\u201d
\nExpecting real estate prices to increase in areas near the HSR stations, Idris has told UPEN to come up with a mechanism to control any overpricing and property glut.
\n\u201cThe HSR service will also create more business and job opportunities for the locals,\u201d he added.
\nLocal property agent Allen Ho commented that\u00a0real estate prices in Ayer Keroh were\u00a0already high. As such, owning a home near the HSR station would be impossible for mid-income earners.
\nThis article originally appeared on PropertyGuru.com.my on 22 July 2016.
\n
\nSource : property-report.com
\nRead more…Coming up in Malacca: High-speed rail services, and more real estate<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The project will\u00a0serve as a growth catalyst for\u00a0the Malaysian state, but what about soaring prices?...<\/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-20514","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\/p75ss1-5kS","jetpack-related-posts":[{"id":40920,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/this-bid-for-the-singapore-malaysia-hsr-line-looks-promising\/","url_meta":{"origin":20514,"position":0},"title":"This bid for the Singapore-Malaysia HSR line looks promising","date":"January 17, 2017","format":false,"excerpt":"\r In virtual reality at least Sentosa Express, a monorail line in Singapore. Lucy Liu\/Shutterstock No firm has won the tender for the high-speed rail (HSR) project between Kuala Lumpur and Singapore yet. However, a Chinese consortium has greatly boosted its chances by treating Malaysians to a virtual sampling of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":97362,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-and-malaysia-agree-to-postpone-high-speed-rail-project\/","url_meta":{"origin":20514,"position":1},"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":100444,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/high-speed-rail-delay-unlikely-to-impact-singapore-malaysia-ties\/","url_meta":{"origin":20514,"position":2},"title":"High Speed Rail delay unlikely to impact Singapore-Malaysia ties","date":"October 24, 2018","format":false,"excerpt":"\r Artist\u2019s impression of the HSR terminus in Jurong East. The 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. 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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":57158,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lta-myhsr-to-conduct-industry-briefing-for-kl-singapore-hsr-project\/","url_meta":{"origin":20514,"position":5},"title":"LTA, MyHSR to conduct industry briefing for KL-Singapore HSR project","date":"June 7, 2017","format":false,"excerpt":"\r \u00a0 With the Kuala Lumpur-Singapore High-Speed Rail (HSR) project attracting strong interest from various parties, an industry briefing for companies interested in participating in the tender for the assets company of the high-speed rail project will be conducted next month, according to Singapore\u2019s Land Transport Authority (LTA) and Malaysia\u2019s\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\/20514"}],"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=20514"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/20514\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=20514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=20514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=20514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}