{"id":97362,"date":"2018-09-06T10:56:18","date_gmt":"2018-09-06T03:56:18","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-and-malaysia-agree-to-postpone-high-speed-rail-project\/"},"modified":"2018-09-06T11:02:58","modified_gmt":"2018-09-06T04:02:58","slug":"singapore-and-malaysia-agree-to-postpone-high-speed-rail-project","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-and-malaysia-agree-to-postpone-high-speed-rail-project\/","title":{"rendered":"Singapore and Malaysia agree to postpone High Speed Rail project"},"content":{"rendered":"


\nArtist\u2019s impression of the HSR terminus in Jurong East.
\nWhile 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 Facebook post.
\nThe two countries had agreed to postpone the construction of the much-anticipated project until end-May 2020, with the rail service between Singapore and KL to start by 1 January 2031, instead of the 31 December 2026 initially planned, reported Channel NewsAsia.
\nSearch for properties near the future High Speed Rail terminus in Jurong.
\nMalaysia\u2019s Economic Affairs Minister Azmin Ali and Mr Khaw signed the new agreement at the Prime Minister\u2019s Office in Putrajaya.
\nMalaysia will pay $15 million to Singapore for costs incurred in deferring the project.
\n\u201cMin Khaw Boon Wan and Min Azmin Ali worked hard to reach an outcome which meets the interests of both countries. This bodes well for future cooperation between our countries,\u201d said Singapore Deputy Prime Minister Teo Chee Hean, who witnessed the signing, in a Facebook post.
\nAimed at reducing travel time between Kuala Lumpur and Singapore to just 90 minutes from the current five hours, the proposed 350km-long HSR line is one of the projects by the previous Malaysian government to be reviewed following the historic win of Pakatan Harapan in May.
\nShortly after winning the election, Malaysian Prime Minister Mahathir Mohamad announced plans to cancel the HSR project as it would not be beneficial to Malaysia and would cost \u201ca huge sum of money\u201d.
\nIn July, however, he said that his government would negotiate for a postponement of the HSR project to reduce any burden of compensation.
\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…Singapore and Malaysia agree to postpone High Speed Rail project<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Artist\u2019s impression of the HSR terminus in Jurong East. While many may be disappointed, Singapore...<\/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-97362","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-pkm","jetpack-related-posts":[{"id":20888,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-malaysia-to-sign-high-speed-rail-agreement-today\/","url_meta":{"origin":97362,"position":0},"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":100444,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/high-speed-rail-delay-unlikely-to-impact-singapore-malaysia-ties\/","url_meta":{"origin":97362,"position":1},"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. According to Malaysia\u2019s Economic Affairs Minister Datuk Seri Mohamed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":75046,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/authorities-launch-tender-for-singapore-kl-hsr\/","url_meta":{"origin":97362,"position":2},"title":"Authorities launch tender for Singapore-KL HSR","date":"December 21, 2017","format":false,"excerpt":"\r The tender for the assets company (AssetsCo) for the Singapore-Kuala Lumpur High-Speed Rail (HSR) has been launched on Wednesday (20 December), reported TODAYonline. Notably, the AssetsCo will be responsible for funding, constructing and maintaining all rolling stock in the HSR network. It will also design and run all of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34354,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-malaysia-to-sign-hsr-agreement-next-month\/","url_meta":{"origin":97362,"position":3},"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":113153,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mahathir-bandar-malaysia-project-to-have-an-hsr-station\/","url_meta":{"origin":97362,"position":4},"title":"Mahathir: Bandar Malaysia project to have an HSR station","date":"December 18, 2019","format":false,"excerpt":"\r Malaysia might also consider scaling down to trim costs, which will see train speeds reduced. Malaysian Prime Minister Mahathir Mohamad has said the revived Bandar Malaysia project will house a Kuala Lumpur-Singapore High-Speed Rail (HSR) project, although Malaysia and Singapore have yet to finalise details of the project. \u201cWe\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94035,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/malaysia-to-discuss-hsr-project-with-singapore-by-end-july\/","url_meta":{"origin":97362,"position":5},"title":"Malaysia to discuss HSR project with Singapore by end-July","date":"July 17, 2018","format":false,"excerpt":"\r Malaysia has revealed plans to send an official representative to Singapore by the end of the month to discuss the Kuala Lumpur-Singapore high-speed rail (HSR) project, and to release an announcement on the matter this week, reported Channel News Asia. \u201cI\u2019m in communication with our Singaporean counterpart. Last week,\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\/97362"}],"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=97362"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/97362\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=97362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=97362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=97362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}