HSR termination could slow increase in Jurong property prices
But experts are choosing to focus on the broader plans to decentralise the CBD and longer-term outlook for the area
Singapore
THE lack of a major catalyst like the Kuala Lumpur-Singapore High Speed Rail (HSR) project which was terminated on Friday may help slow the increase in property prices in the Jurong area, but experts are choosing to focus on the broader plans to decentralise the central business district (CBD) and longer-term outlook for the area.
Back in May 2015, Jurong Country Club's (JCC) land was gazetted for acquisition for the site to be developed into the Singapore terminus of the HSR link. In January 2017, the government announced that Raffles Country Club will also make way for the HSR project, as well as a depot and stable for the Cross Island MRT line.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Eurozone at turning point needs consumers to get out and spend
Chinese tariffs could leave cognac makers with too much brandy
Xi begins Europe tour in Paris as Macron seeks to reset ties
South Korea’s probe alleges 211.2 billion won of illegal short trades
Suzhou Industrial Park: The crown jewel of China-Singapore relations celebrates its 30th year
Top US Treasury official to travel to Singapore, Malaysia to discuss sanctions