4 economic benefits of Singapore KL High Speed Rail to Malaysia
There will be a rise in the property value of lands in the nodal towns along the Singapore-Kuala Lumpur HSR. There will be increased land and ownership demand in the Johor, Klang Valley and all the nodal stops along the HSR route. This will bring about many new housing estates along the rail route that will be like a spill over from the Singaporean property market. This opportunity is open to all property investors, Malaysians, and big foreign players.
Another essential benefit of the Singapore-Kuala Lumpur High-Speed Rail to Malaysia is the direct job opportunities it will present. From the construction till the operations, many Malaysians will be directly involved in various capacity and manpower. Also, This will result to the upspringing of business opportunities around Jurong East terminus in diverse sectors including tourism, hospitality, retail, logistics and much more.
Many other professionals can work in Singapore while living in Malaysia. The HSR project will reduce the hassles involved with traveling to and from Singapore hence; many people (especially low-income professionals) working in Singapore will prefer to live in the less expensive apartments a few kilometers into Malaysia than the highbrow neighborhoods of Singapore. Other people in this category are retirees that will be looking at easing their expenses and overhead while they sustain a healthy lifestyle.
Finally, business activities will begin to overflow into Malaysia from Singapore. Shopping malls and other business properties will start to spring up in other towns in places close to the train routes in Malaysia, especially, Johor. This will increase the growth rate of Johor and the property sector too. Many Singaporeans already live in Johor but, more will begin to own and develop resources.