Singapore- Malaysia High-Speed Rail Project Expected Complete in Rail Project Expected Complete in 2026

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Source from : Picture extracted from Channel News Asia

PUTRAJAYA, Malaysia: A Memorandum of Understanding (MoU) on the Singapore-Malaysia High-Speed Rail (HSR) project was signed by the neighbouring countries on Tuesday (Jul 19). With the 2026 target set for the High Speed Rail service to be up and running, Prime Minister of Malaysia Datuk Seri Najib Tun Razak and Prime Minster of Singapore Lee Hsien Loong witnessed a key milestone for the project with the signing of the memorandum of understanding (MoU) together.

The 350km line is expected to reduce travel time between Singapore and Kuala Lumpur to around 90 minutes. Many economic activities can be emerged with this dramatically improved connecitivity . It would bring economic benefits that would come from being “next door to one another, one and a half hours away”. Apart of it, HSR line will helps to
create the opportunities for business people, tourism, opportunities for people from other countries. People can get both destinations for the price of one.

The HSR line will run 350km with 335km in Malaysia and 15km in Singapore. Najib shared his vision of what travelling on it would be like – breakfast in Kuala Lumpur before travelling to have lunch in Singapore and back in time for dinner in Kuala Lumpur.

The HSR service will comprise eight stops; Kuala Lumpur, Putrajaya, Seremban, Ayer Keroh, Muar, Batu Pahat, Iskandar Puteri and Jurong East in Singapore.

 

Source from: channelnewsasia.com & thestar.com.my

4 BENEFITS OF SINGAPORE KL HIGH SPEED RAIL ON PROPERTY SECTOR

1. Skills transfer
Singapore and Malaysia do not have high-speed rail technology experience, hence; this project will pave the way for an
opportunity to build expertise. It will develop manpower in the sector and set a foundation for the development of the
technology.
2. Benefits to property and construction industry directly
This is because a lot of new properties and residential areas will spring up from the nodes of this rail project. The project will pave a platform for foreign investors to invest in Singapore and Malaysia on high and low-income earners. This is because the high-speed train will connect the rich Singaporeans with weak and medium, earning Malaysians in a given route.

3. Tourism attractions and expansion
Although this is also applicable to Malaysia, it is more beneficial to many Singaporean tourist centers. Many new tourist havens will spring up along the line of the rail thereby creating more business and growth for the construction and property sector. Many people foreign nationals will now love to invest in the nodal towns in Malaysia close to Singapore for cheaper reasons and the market opportunity that is rising.

4. Another benefit is the multiplier effect that the project will bring
Many Businesses resident in Malaysia will now be able to come to Singapore to have their headquarters and operations while having their factories and warehouses in the nodal places in Malaysia. Other international investors will do likewise and have their businesses stationed in Singapore as well. This will increase the number of residential apartments that will be needed as well the value of these apartments.

4 ECONOMIC BENEFITS OF SINGAPORE KL HIGH SPEED RAIL TO MALAYSIA

1. Rise in the property value
There will be increased land and ownership demand in the Johor, Klang Valley and all the nodal stops along the HSR route. This will bring about many new housing estates along the rail route that will be like a spill over from the Singaporean property market. This opportunity is open to all property investors, Malaysians, and big foreign players.

2. Direct job opportunities in Singapore & KL will present
From the construction till the operations, many Malaysians will be directly involved in various capacity and manpower. Also, This will result to the upspringing of business opportunities around Jurong East terminus in diverse sectors including tourism, hospitality, retail, logistics and much more.

3. Many other professionals can work in Singapore while living in Malaysia
The HSR project will reduce the hassles involved with traveling to and from Singapore hence; many people (especially low-income professionals) working in Singapore will prefer to live in the less expensive apartments a few kilometers into Malaysia than the highbrow neighborhoods of Singapore. Other people in this category are retirees that will be looking at easing their expenses and overhead while they sustain a healthy lifestyle.

4. Business activities will begin to overflow into Malaysia from Singapore
Shopping malls and other business properties will start to spring up in other towns in places close to the train routes in Malaysia, especially, Johor. This will increase the growth rate of Johor and the property sector too. Many Singaporeans already live in Johor but, more will begin to own and develop resources.