The most shocking news this week is the sudden announcement of Malaysia to terminate the Kuala Lumpur-Singapore High Speed Rail (HSR) project.
When Dr Mahathir declared that “Malaysia’s decision to scrap the HSR project is final”, his words immediately shattered the dreams of developers and home buyers who place high hopes on the value appreciation of properties near the planned railway stations.
Now what for Jurong Lake District?
The original plan of HSR is to set up eight stations, namely Kuala Lumpur, Sepang-Putrajaya, Seremban, Ayer Keroh, Muar, Batu Pahat, Iskandar Puteri and Singapore.
In Singapore, the HSR station is planned to locate in Jurong East. At the station, there will be a new one-stop customs clearance for both Singapore and Malaysia. It will also connect North-South, East-West and Jurong Region MRT lines.
The HSR project was first announced jointly by the Prime Ministers of both countries after a Leader Retreat in