According to the latest media reports by Land Transport Authority (LTA) and the Urban Redevelopment Authority (URA), the High Speed Rail Terminal Station will be located at Jurong Country Club.
High Speed Rail Station West
The news comes at the latest speculation on the previous week that the most probable site for the location of the train station could be in Jurong West or Jurong West but speculations emerged that the relevant authorities might be more inclined to the Jurong East site as it is in line with the Master Plan’s vision for turning Jurong East into a second Central Business District and that the location of the train station right beside the CBD area will enhance the visibility to serve many of the corporate institutions that are coming into Singapore.
The exact site will be located at Jurong Country Club and the land lease will be handed over back to the government in November 2016 even though the land expiry is due only in 2035. Latest media reports also indicate that the land will be intensively redeveloped with new mixed used developments as well as many other community facilities to serve Jurong Residents.
Sol Acres EC
Properties in the West such as Sol Acres as well as J Gateway are cheering as this might mean significant price increases for their property in the coming decade as Jurong starts to be the 2nd CBD area and as more communal facilities as well as shopping centres begins to build. Many international business will also start to station their offices in the West Side of Singapore as it will only take an estimated 90 minutes to travel from the Jurong East Station to Kuala Lumpur.
There is already concrete evidence to show that property prices in the West have started to increase as asking prices in various internet marketing portals have increased and many companies in various sectors have started to move in particularly companies in Malaysia. Retailers have also started to gain attention in the Jurong area.