High Speed Railway Main Objectives
The HSR project is anticipated to boost connectivity, fortify economic ties and enhance people -to-people linkages once completed. Prime Minister Lee Hsien Loong on Tuesday (13 December) will see the signing of the bilateral deal for the Kuala Lumpur-Singapore High Speed Rail (HSR) project at the seventh Malaysia-Singapore Leaders’ Retreat in Putrajaya, Malaysia.
In a statement, the Prime Minister’s Office (PMO) disclosed the agreement will soon be signed by Coordinating Minister for Infrastructure and Minister for Transportation Khaw Boon Wan and Malaysian Minister in the Prime Minister’s Department Dato’ Abdul Rahman Dahlan.
Relation Between Both Countries
It noted the signing of the deal is a “culmination of intensive bilateral conversations since the 2013 Leaders’ Retreat, and furthers the good improvement made by both sides since the signing of the Memorandum of Understanding in July 2016”. It also shows the commitment of the two authorities to the project, which is anticipated fortify economic ties, to foster connectivity and enhance people-to-people linkages once completed.
Also portion of the delegation are Minister for Education (Schools) and Second Minister for Transport Ng Chee Meng, Senior Minister of State for Home Affairs and National Development Desmond Lee, Minister of State for Health Lam Pin Min and Senior Minister of State for Finance and Law Indranee Rajah.
The Effect on Singapore Properties
With the affirmation on HSR that will link to Jurong East, the surrounding properties like J Gateway will be the first to enjoy the most probable price appreciation benefits. The construction of the HSR will definitely a cause of concern as the noise and dust might be a true concern for those who have moved in to J Gateway. However very new developments like Westwood Residences, Lakelife EC, The Clement Canopy, Parc Riviera are still in construction concurrently, so the completion will be just nice to meet the HSR launch which should be the best of both sides.