{"id":97424,"date":"2018-09-07T11:41:46","date_gmt":"2018-09-07T04:41:46","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/jurong-property-prices-not-affected-by-high-speed-rail-delay\/"},"modified":"2018-09-07T12:07:37","modified_gmt":"2018-09-07T05:07:37","slug":"jurong-property-prices-not-affected-by-high-speed-rail-delay","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/jurong-property-prices-not-affected-by-high-speed-rail-delay\/","title":{"rendered":"Jurong property prices not affected by High Speed Rail delay"},"content":{"rendered":"


\nArtist\u2019s impression of the HSR terminus in Jurong East.
\nMarket experts do not expect the deferment of the Kuala Lumpur-Singapore High Speed Rail (HSR) project to significantly affect property prices within the Jurong area, reported the New Paper.
\nThis comes as the HSR only forms part of the blueprint for the rejuvenation of Jurong, explained PropNex executive chairman and CEO Ismail Gafoor.
\nInterested in buying property in Jurong? Check out our\u00a0step-by-step guide to buying a condo.
\nThe Jurong Lake District\u2019s blueprint was first released in 2008 as part of efforts by the Urban Redevelopment Authority to grow new employment centres beyond Singapore\u2019s central area.
\nMeanwhile, the government announced plans to build the HSR terminus in Jurong East only in 2015.
\nIn fact, shopping malls like Westgate and Jem had sprung up within the area even before the HSR developments, said Ismail.
\n\u201cPrices in Jurong had started to move upwards in the last few years because of developments like the malls and Ng Teng Fong General Hospital,\u201d he said.
\nZACD Group executive director Nicholas Mak said many offices are there \u201cbecause of the business park or because they want to be near the manufacturing spaces there\u2026 The malls also serve the resident population\u201d.
\nLooking ahead to the next five years, Ismail expects property prices in Jurong to be \u201csustained as the west continues to be rejuvenated, with construction like the mega port\u201d.
\nAnd since the HSR project is only postponed for around two years, he does not expect it to have a \u201cmajor impact\u201d on properties.
\n\u201cIf it is delayed for 10 years, maybe there would be a problem.\u201d
\nDid you know that Jurong was once infested with crocodiles? Learn more about how\u00a0Jurong East\u00a0has developed over the years.
\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…Jurong property prices not affected by High Speed Rail delay<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Artist\u2019s impression of the HSR terminus in Jurong East. Market experts do not expect the...<\/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-97424","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-plm","jetpack-related-posts":[{"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":97424,"position":0},"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":93531,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/plans-for-jurong-lake-district-not-changed-regardless-of-hsr-result\/","url_meta":{"origin":97424,"position":1},"title":"Plans for Jurong Lake District not changed regardless of HSR result","date":"July 10, 2018","format":false,"excerpt":"\r The overall impetus and vision for Jurong Lake District has not changed, regardless of the outcome of the high-speed rail (HSR) project between Singapore and Malaysia, said National Development Minister Lawrence Wong in Parliament on Monday. His statement comes after Malaysian Prime Minister Mahathir Mohamad has announced plans to\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":97424,"position":2},"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":97424,"position":3},"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":98892,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/over-100000-jobs-20000-homes-to-be-created-in-jurong\/","url_meta":{"origin":97424,"position":4},"title":"Over 100,000 jobs, 20,000 homes to be created in Jurong","date":"October 1, 2018","format":false,"excerpt":"\r Artist\u2019s impression of the future Jurong Lake District. While Jurong may be considered ulu among some home buyers, Singapore\u2019s industrial heartland is set to become a more vibrant and attractive neighbourhood to live in, according to PropertyGuru AreaInsider. There are various factors contributing to the bright outlook, but three\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":97424,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/97424"}],"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=97424"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/97424\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=97424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=97424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=97424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}