The High-Speed Rail Link project between Singapore and Malaysia is expected to spur growth for across sectors for Malaysia in areas such as property, greater business opportunities, migration and long-term investment.
Through a survey by iProperty.com in Singapore, more than a third of respondents expressed an interest in investing in overseas properties, with Malaysia cited as their top destination.
With the high-speed rail connecting Kuala Lumpur and Singapore, the appetite for property investments in Malaysia is expected to further increase, driven by greater business opportunities, migration and long-term investment prospects.
These statements were given by Sean Tan, who is General Manager of iProperty in Singapore, in response to the announcement by the Prime Ministers of Malaysia and Singapore who have agreed to build a high-speed rail link between Kuala Lumpur and Singapore, which is expected to be completed by 2020. The transport system is expected to take only 90 minutes of travel time in between the two cities.