{"id":44686,"date":"2021-03-30T14:29:01","date_gmt":"2021-03-30T06:29:01","guid":{"rendered":"https:\/\/sg.everydayonsales.com\/news\/?p=44686"},"modified":"2021-03-30T14:29:17","modified_gmt":"2021-03-30T06:29:17","slug":"singapore-demands-malaysia-to-compensate-102-m-on-hsr-instead-of-total-270-m-spend-due-to-recover-value-from-land","status":"publish","type":"post","link":"https:\/\/sg.everydayonsales.com\/news\/44686\/singapore-demands-malaysia-to-compensate-102-m-on-hsr-instead-of-total-270-m-spend-due-to-recover-value-from-land\/","title":{"rendered":"Singapore Demands Malaysia To Compensate $102 M on HSR Instead of total $270 M Spend Due To Recover Value from Land"},"content":{"rendered":"

\"\"<\/p>\n

Singapore Demands Malaysia To Compensate $102 M on HSR Instead of total $270 M Spend Due To Recover Value from Land<\/p>\n

\"\"<\/p>\n

source newstraitstimes<\/p>\n

\"\"<\/p>\n

source railwaygazette.com<\/p>\n

On March 29, Malaysia government has announced that they will compensate Singapore S$102,815,576 (RM320,270,519) as the reimbursement for cost incurred by Singapore in the development of the High Speed Rail (HSR) project and a lot of media has question why the different between the amount Singapore has spent on the HSR project and the amount of Malaysia has compensated to Singapore.<\/p>\n

Minister for Transport Ong Ye Kung had mentioned in Parliament that Singapore has spent about $270 million on the project including land acquisition cost and the Singapore government can recover the value from the land we acquired hence, Singapore is not seeking compensation for it.<\/p>\n

The land acquire will be used to develop the Integrated Train Testing Centre which will be located at the former site of the Raffles Country Club in Tuas.<\/p>\n

\"\"<\/p>\n

source propertyguru<\/p>\n","protected":false},"excerpt":{"rendered":"

Singapore Demands Malaysia To Compensate $102 M on HSR Instead of total $270 M…<\/p>\n","protected":false},"author":6,"featured_media":44690,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[65],"tags":[4764],"yoast_head":"\nSingapore Demands Malaysia To Compensate $102 M on HSR Instead of total $270 M Spend Due To Recover Value from Land - Singapore EverydayOnSales News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sg.everydayonsales.com\/news\/44686\/singapore-demands-malaysia-to-compensate-102-m-on-hsr-instead-of-total-270-m-spend-due-to-recover-value-from-land\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Singapore Demands Malaysia To Compensate $102 M on HSR Instead of total $270 M Spend Due 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