Will it be another "turbo" to hike property price in KL?
High Speed Rail Link Singapore Malaysia
High Speed Rail Link Singapore Malaysia
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Feb 19 2013, 06:06 PM, updated 9y ago
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#1
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588 posts Joined: Jan 2005 |
http://www.theedgemalaysia.com/highlights/...-rail-link.html
Will it be another "turbo" to hike property price in KL? |
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Feb 19 2013, 06:10 PM
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#2
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390 posts Joined: Oct 2012 |
Will certainly be a major boost to KL.
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Feb 19 2013, 06:12 PM
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#3
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458 posts Joined: Oct 2011 From: A Lost Planet |
definitely, those area near CIQ will definitely have an increase in price..
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Feb 19 2013, 06:12 PM
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#4
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1,262 posts Joined: Apr 2007 |
300kmj best... 150kmj.... buat rugi je...
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Feb 19 2013, 06:15 PM
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#5
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2,841 posts Joined: Sep 2010 |
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Feb 19 2013, 06:16 PM
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#6
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All Stars
10,777 posts Joined: Sep 2009 |
Yesterday was the MRT link coming into Johor.
Today it will be the Bullet Train link going to Kuala Lumpur. Finally, a surprise official announcement to the international media. :applause: Singapore, Malaysia agree to high-speed rail link Reuters | By Kevin Lim SINGAPORE | Tue Feb 19, 2013 2:28am EST http://www.reuters.com/article/2013/02/19/...E91I05720130219 http://www.channelnewsasia.com/stories/sin...1255068/1/.html http://www.themalaysianinsider.com/malaysi...speed-rail-link SINGAPORE (Reuters) - Singapore and Malaysia moved to strengthen growing economic ties on Tuesday with plans to build a high-speed rail link by 2020 that will cut travel time between the wealthy city-state and Kuala Lumpur to 90 minutes. The neighboring Southeast Asian countries also said they would look for ways to intensify cooperation in developing the Iskandar Malaysia economic zone that's across a narrow strip of water from Singapore. The rail link announcement, after a meeting between the prime ministers of the two nations, reflects improved relations in recent years. Singapore was once part of Malaysia but they separated acrimoniously in 1965, clouding diplomatic and economic dealings for decades. The high-speed train "is a strategic development that will dramatically improve the connectivity between Malaysia and Singapore," the two governments said in a joint statement. "It will facilitate seamless travel between Kuala Lumpur and Singapore, enhance business linkages and bring the people of Malaysia and Singapore closer together," they said. "Ultimately, this project will give both countries greater stake in each other's prosperity and success," it added. No cost estimate was given for the rail link, which will be built by private companies with strong support from the two governments. The official statement said a committee of ministers from both countries will look into the details. Malaysian Prime Minister Najib Razak conceded the 2020 target was ambitious but said it was one both countries were working towards. QUOTE International business wire Bloomberg reported Najib as saying that Malaysia will provide the infrastructure support for the project, but added that the prime minister did not offer further details. Najib also reportedly said the project would be built via public-private partnership “with strong government participation”. It now takes around four hours to drive from Singapore to Kuala Lumpur, which are about 300 km (186 miles) apart. A flight takes around 50 minutes but travelers must spend time checking in and out of airports, as well as taking a one-hour bus ride from Kuala Lumpur International Airport to the city centre. Singapore’s Channel NewsAsia (CNA) quoted Najib as saying that the project would complement Kuala Lumpur and Singapore and add opportunities for its residents. “So I am excited about the project. We will certainly do our level best to meet the 2020 deadline. It may go slightly beyond that, but those are details in implementation,” he said. On Bloomberg, Lee was quoted as describing the project as “strategic”, adding that it would change the way both nations view one another. “It’s the way people in London and Paris are able to think of it, really as twin cities where you can commute, go up there, do business, meet friends, have a meal and come back all within maybe two-thirds of the day,” he was quoted as saying. “And I think it is going to be a game changer. It will transform the way people interact, the intensity of our co-operation and the degree to which we become interdependent on each other and therefore have stakes on each other’s success,” he added. ![]() Wikipedia file picture of a China high-speed train. The Singapore-Malaysia high-speed rail link is expected to be completed by 2020. TECHNOLOGICALLY POSSIBLE The rail agreement was a "major breakthrough," said Chua Hak Bin, Southeast Asian economist at Bank of America Merrill Lynch. But he noted the potential for bureaucratic delays when such mega-projects are undertaken. "It's technologically possible. We've seen how fast China builds these things," Chua said. "It makes a lot of sense. There is a huge amount of business, trade and investment between the countries. There are also a large number of Malaysians working in Singapore." A new customs, immigration and quarantine facilities at Puteri Harbour in Malaysia's Iskandar zone will likely be set up this year, the two governments said. Iskandar, three times the size of Singapore, has seen a surge in investment from the city-state after the two governments signed a broad agreement in 2010 to address longstanding issues. In October, Singapore government-linked firm Ascendas, whose projects include the Singapore Science Park and the International Tech Park in Bangalore, said it will help build a $1.2 billion industrial park in Iskandar. Also on Tuesday, Najib and Singapore Prime Minister Lee Hsien Loong were officiating at joint venture projects involving their sovereign investors Khazanah Nasional Bhd and Temasek Holdings in Singapore and Iskandar. The two leaders will also be at the unveiling of a project by Singapore's CapitaLand Ltd in Iskandar, the first in the zone by Southeast Asia's biggest developer. ![]() The southern Malaysian city of Johor Baru, part of the Iskandar Malaysia economic zone. Johor Baru is the 3rd largest conurbation in Malaysia. http://property-in-singapore.biz/new-homes...-johor-malaysia ($1 = 3.0940 Malaysian ringgit) (Editing by John O'Callaghan and Richard Borsuk) BIG DAY ::: Today, Malaysia and Singapore open a new chapter in bilateral relationship. - The largest gathering of any ASEAN nations Cabinet ministers/secretaries (Malaysia and Singapore will bring both their ministers) - Malaysia and Singapore will get an urban rail link, - a ferry system across the Causeway, - the Johor airport/Senai will tie up with Singapore's Changi, - Singapore-Malaysia will invest in Johor, - Malaysia-Singapore will invest in Marina Bay, - Malaysia-Singapore will bring foreign investments into the region Johor-Singapore rapid transit system gets green light By Nelson Benjamin | The Star/Asia News Network | Tuesday, Feb 19, 2013 http://www.asiaone.com/News/Latest%2BNews/...219-402913.html SINGAPORE - Malaysia and Singa**pore have agreed to go ahead with the Rapid Transit System (RTS) linking Johor Baru with the republic. Foreign Minister Datuk Seri Anifah Aman said both countries had a year to draft the plans on the preferred option for the RTS. ![]() Woodlands MRT station will serve as an interchange and allow travellers to take the proposed Rapid Transit System Link between Singapore and Johor Baru. He added that under phase one, the alignment and station scheme options would be identified. "Once this is decided, we can move to phase two," Anifah said during a briefing on Prime Minister Datuk Seri Najib Tun Razak's two-day working visit to Singapore which began yesterday. It is learnt that among the options being considered is a bridge or an underground tunnel link. Singapore had earlier announced that its Thomson mass rapid transit (MRT) line would be opened in stages from 2019. The 30km line will run through the north-south corridor of the island republic, starting in Wood*lands, the area closest to Johor Baru via the Causeway, and passing through industrial, residential and shopping districts before ending at Marina Bay. The S$18bil (RM44bil) line will be completely underground and is expected to serve 400,000 commuters daily. Anifah said leaders from both countries were expected to discuss the progress and implementation of the Points of Agreement. "Both leaders will also travel to Iskandar Malaysia in Johor to launch the ground-breaking ceremony of the Urban and Resort Wellness project. He added that it involved a 2ha "Urban Wellness" project in Medini North and a 84ha "Resort Wellness" in Medini Central. Other issues to be discussed include cooperation in aviation and airport services between Senai and Changi airports as well as the establishment of ferry and water taxi services between Puteri Har**-bour in Iskandar and Tuas in Singapore. Anifah added that there was steady progress in the implementation of initiatives under the Joint Ministerial Committee for Iskandar Malaysia including in transport, immigration, tourism, environment and industrial cooperation. Singapore's Temasek and Capitaland to announce Iskandar deal today The StarBiz | Tuesday February 19, 2013 PETALING JAYA: Singapore's Temasek Holdings Pte Ltd and its unit CapitaLand Malaysia Pte Ltd will enter into an agreement with Iskandar Waterfront Holdings Bhd (IWH) today to buy a man-made island measuring about 28.33ha at Danga Bay for about RM800mil. The total cost of the land and the integrated development was likely to cost RM8bil, they said. A joint venture has been formed for this deal between CapitaLand Malaysia, IWSB and Temasek, with the Singaporeans taking the bigger share. This is the second largest tract of land that is being sold by IWH in less than two months after China's Country Garden bought 22.26ha for RM900mil in December. Read More >>> http://biz.thestar.com.my/news/story.asp?f...9&if_height=674 This post has been edited by accetera: Feb 19 2013, 06:18 PM |
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Feb 19 2013, 06:32 PM
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#7
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407 posts Joined: Dec 2008 |
dreaming....
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Feb 19 2013, 06:33 PM
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#8
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5,857 posts Joined: Dec 2010 |
Singapore to KL, 90 mins! That's awesome!
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Feb 19 2013, 06:50 PM
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#9
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390 posts Joined: Oct 2012 |
The Singaporeans can take a ride to KL for Bak Kut Teh for breakfast and be back to Orchard for lunch. It will be awesome for all!
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Feb 19 2013, 06:55 PM
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830 posts Joined: Jul 2009 |
Ok now we can go and date Singaporean girls during the weekend. Woohooo.
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Feb 19 2013, 07:07 PM
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5,488 posts Joined: Jun 2008 |
what is the ticket price will be? round trip 150?
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Feb 19 2013, 07:09 PM
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Feb 19 2013, 07:52 PM
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QUOTE(kh8668 @ Feb 19 2013, 07:07 PM) This is a very good news for everyone.While the project is technologically feasible, I think it would be commercially and politically challenging. I think round trip would be priced at high hundreds. 150 definitely can't make it unless it is being subsidized. We have enough subsidies in this country already. |
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Feb 19 2013, 07:59 PM
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7,446 posts Joined: Sep 2008 |
Would u take it if the price is rm350 per way?
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Feb 19 2013, 11:05 PM
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Feb 19 2013, 11:09 PM
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QUOTE(ost1007 @ Feb 19 2013, 06:06 PM) http://www.theedgemalaysia.com/highlights/...-rail-link.html Definitely, we expect this is going to happen, HCS did mention b4Will it be another "turbo" to hike property price in KL? |
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Feb 19 2013, 11:16 PM
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Feb 19 2013, 11:16 PM
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Feb 19 2013, 11:17 PM
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Feb 19 2013, 11:19 PM
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