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Kuala Lumpur-Singapore HSR cancellation may dampen growth of properties in Johor

Kuala Lumpur-Singapore HSR cancellation may dampen growth of properties in Johor
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HSR cancellation may dampen growth rate of properties in Johor

The termination of the Kuala Lumpur-Singapore high-speed rail (HSR) project may impact the accelerated growth rate of property developments in Johor, say industry experts.
“We are still waiting for more information on how this will pan out in the coming months. The Covid-19 pandemic has thrown a spanner in the works as resources will be used to combat this plague and restore the economy,” says Samuel Tan, executive director of KGV International Property Consultants (Johor) Sdn Bhd, in an email interview.
“We believe the original idea of having a common AssetsCo is critical to the success of the HSR project. Both countries having a common rail line must be committed to a similar system in procurement and operation of the system. As a long-term arrangement, a common AssetsCo will mitigate disputes with regards to cost management,

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