HSR cancellation will impact property market, say Johor real estate dealers

  • Nation Premium
  • Tuesday, 29 May 2018

JOHOR BARU: The Government's decision to cancel the High Speed Rail (HSR) will be hard on property developers who have invested in land near the proposed stations, says Johor Real Estate and Housing Developers Association (Rehda) branch chairman Datuk Steve Chong Yoon On (pic).

He said that the move to scrap the 350km HSR, estimated to cost RM110bil, was a definite "setback" for developers, but they are supportive of the initiative for the greater good of the country.

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