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Sellinghomes Singapore HSR termination could slow increase in Jurong real estate property agent prices Flats in Woodlands, Yishun, Sembawang, Bukit Batok, Choa Chu Kang, Sengkang, Punggol, Keat Hong and Jurong were in demand too.

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...

Furniture giant Ikea has launched an interior design and renovation studio in Jurong Point, partnering interior design and renovation platform Livspace to offer interior design, planning and renovation services to clients. The studio features a showroom modelled after a three-room HDB flat. Customers will be able to scan any room in the store through QR codes, and virtually fit out the room themselves with Ikea’s catalogue of fittings.

After news came last Friday that the rail project was dropped, he now fears that the golden opportunity is buried under a ton of bricks.Mr Kok, 52, a Malaysian and Singapore jurong permanent resident who founded food-and-beverage (F&B) company Chang Cheng Group, bought the land in 2014. Located at Alor Gajah, it is the size of four football fields.He has yet to decide on what to do with it and is awaiting future developments, since the Malaysian authorities are looking into the viability of a domestic HSR project. “The (governments) have been in talks for years, so the termination of the project was very disappointing. If it turns into a domestic rail line, it wouldn’t have much overseas investment.”  

Singapore and Malaysia pulled the plug on the HSR, which was originally planned to be operational by 2026 — before it was postponed until 2031.Construction work had been suspended from September 2018 to end-2020 at Malaysia’s request.It was finally terminated after both countries failed to reach an agreement on the changes proposed by Malaysia when the deadline of Dec 31, 2020 came.Transport Minister Ong Ye Kung said in Parliament on Monday that the deal breaker was Malaysia’s proposal to remove an assets company that was already part of the agreement.The company was set up to act as a systems supplier and network operator of the HSR service. It would, in turn, ensure that the interests of both countries were protected.Other Malaysians based in Singapore told TODAY that they were looking forward to visiting their loved ones across the border more frequently with the HSR. It was estimated that it could cut travel times between Singapore and Kuala Lumpur to 90 minutes, compared with about four hours by car.