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CHOICE OF JURONG MAKES “ECONOMICAL SENSE”: ANALYSTS
Mr Desmond Sim, Head of CBRE Research for Singapore and Southeast Asia said the choice of Jurong East for the High Speed Rail terminals makes the “most economical sense”, and one that is most easy for commuters, given its links to major MRT lines and the upcoming Jurong Region Line.
“This could be the most important and perfect piece of the puzzle to seal Jurong Gateway’s status as a regional commercial hub, the same way that Tampines has the airport, and Woodlands, the Causeway to link Malaysia with Singapore,” he said. “Firms with a high charm to Singapore’s northern neighbors will also find Jurong Gateway specially attractive.”
Cushman and Wakefield Research Director Christine Li said Jurong East is a “highly attractive” location for the terminals, as not only does it have three MRT stations and a bus interchange, it is also connected to the CBD and Changi Airport by major expressways.
“Empty land is still available for development, so construction cost is relatively low as compared to city centre due to minimum tunneling. It is also the largest commercial hub outside the Central Business District (CBD), boasting retail, office and hotel offerings, which beats the far-flung industrial area Tuas West,” she said.
Cushman predicts that Jurong Gateway could emerge as “a new urban centre in the greater Singapore-KL megacity”, once the High Speed Rail is in operation. “Its strategic location could complement that in the CBD and over time, it will become a mini-city on its own with work, live and play in the bustling regional hub,” Ms Li adeed.
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