The full article can be found on TODAYonline, Singapore Section, 31 May 2018.
The High Speed Rail (HSR) project designed to bridge Singapore and Malaysia has been discontinued, and the consequences of Malaysia’s decision include twelve hectares of land secured by the Singapore Government to be left empty.
With many establishments making room for the development of the HSR project situated in Jurong Lake District, such as Jurong Country Club (JCC), it is likely that the Singapore Government will leave the allocated land vacant for a few years to leave the door open for Malaysian leaders to pick up the project again.
This sentiment was further explored by ZACD Executive Director and Chief Investment Officer, Nicholas Mak. “I don’t think (the Singapore Government) will do anything with (the allocated land) for easily a whole year… If the HSR is back on, where are they going to find another piece of land?” he said.
The HSR is a massive infrastructure project and there are undoubtedly many expectations for the construction of the Jurong Lake District. Urban planners have proclaimed the development as Singapore’s next Central Business District (CBD).
That being said, Mr Mak advised against getting “too hyped up” over the cancellation of the project. He expressed that Jurong will continue developing at a progressive rate and that there are more “positive plans” to look forward to.
Read the full article here.