Jurong East area would be a good choice for investment as our Prime Minister Lee Hsien Loong today has confirmed the site to be our High Speed Railway station. However, is it a good time to enter the market now? Rushing in to buy a unit before the price goes up in this area again? I would think twice. Property market goes in cycle. Right now, we are at the peak and is coming down. Given that there is no time frame for completion, we would need to go through a few property ups and downs before the project will be completed.

My humble opinion is to research on the area now, wait for the property market to correct and enter at the right time.. Do your homework diligently, save & invest wisely..

Existing clients will be given priority on my research and analysis on the area & condos to sniff out good deals and bargains..

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The initial target of completion of the High Speed Rail project – which was the year 2020 – needs to be re-assessed due to the scale and complexity of the project, said the Prime Ministers of Singapore and Malaysia. No new time frame has been provided.

SINGAPORE: The Republic’s terminus for the Singapore-Kuala Lumpur High Speed Rail will be located at Jurong East.

Prime Minister Lee Hsien Loong announced this on Tuesday (May 5) after the Leaders’ Retreat with his Malaysian counterpart Najib Razak.

Jurong East was chosen as it dovetails with Singapore’s overall plans to transform the area into a second Central Business District, according to a statement.

Malaysia had earlier identified five terminus stations: Kuala Lumpur (at Bandar Malaysia), Seremban, Melaka, Muar, Batu Pahat, Nusajaya and the final stop in Singapore.

The High Speed Rail project, which was agreed upon in 2013, has been described by both leaders as a “game changer”. It aims to cut down on travel time between Kuala Lumpur and Singapore to just 90 minutes.

The Prime Ministers also noted that the initial target of completion of the project – which was the year 2020 – needs to be re-assessed due to the scale and complexity of the project. No new time frame has been provided.

Both leaders said they hope to come to an agreement on the new date by the end of the year, and will give an updated timeline on when the trains will start running then. Mr Najib pointed out that construction will take five years, on top of one year for designing the project, and one year for the tender process.

Both Malaysia and Singapore have been in active discussion on the technical, operational, security and other aspects of the High Speed Rail. Both sides have also come to in-principle agreements on a few areas, and both leaders reaffirmed that both countries are fully committed to the success of the project.

Source : ChannelnewsAsia

http://www.channelnewsasia.com/news/singapore/singapore-s-high-speed/1826070.html