High Speed Train in Malaysia
SUBJECT : REAL ESTATE ECONOMICS
CODE : EMT 717
Siti Azzah Abdul Razak
Student ID No. : 2012599121
ASSIGNMENT
As a property economist, you have been instructed by your CEO to examine the potential impact of the high-speed rail (HSR) linking Kuala Lumpur with Singapore.
Prepare a report discussing the potential impacts of the proposed high-speed rail (HSR) on the property markets in Malaysia.
Discuss also the possible property investment that may arise.
1.0 INTRODUCTION:
The subject of this report is to examine the potential impact of the high-speed rail (HSR) linking Kuala Lumpur with Singapore on property markets in Malaysia. Also to discuss the possible property investment opportunities that may arise along the high-speed rail (HSR).
Under The Economic Transformation Plan, there has been a realisation in recent years that the country is, for various reasons, caught in a “middle-income trap” and to continue at the current pace of socio-economic development, it would not be able to realise Malaysia’s Vision 2020 of becoming a developed nation by the year 2020. The Malaysian economy which grew between 8% and 9% annually prior to the Asian Financial Crisis, has since 1997, grown annually at only between 4 and 5%.
With this in view, the present government has begun to chart an ambitious and new economic direction and framework for Malaysia, and whilst it still includes Vision 2020 as the target for reaching developed nation status by the year 2020, the new elements in the proposed acceleration of socio-economic development includes the New Economic Model or NEM, the 10th Malaysia Plan or 10MP (2011- 2015), the 1Malaysia Government Transformation Plan or GTP, and the 1Malaysia Economic Transformation Programme or ETP (A Roadmap for Malaysia). The NEM was a result of the establishment of an independent National Economic Advisory Council (NEAC) to develop recommendation on the design of a new economic model. The Council’s report, released in
CODE : EMT 717
Siti Azzah Abdul Razak
Student ID No. : 2012599121
ASSIGNMENT
As a property economist, you have been instructed by your CEO to examine the potential impact of the high-speed rail (HSR) linking Kuala Lumpur with Singapore.
Prepare a report discussing the potential impacts of the proposed high-speed rail (HSR) on the property markets in Malaysia.
Discuss also the possible property investment that may arise.
1.0 INTRODUCTION:
The subject of this report is to examine the potential impact of the high-speed rail (HSR) linking Kuala Lumpur with Singapore on property markets in Malaysia. Also to discuss the possible property investment opportunities that may arise along the high-speed rail (HSR).
Under The Economic Transformation Plan, there has been a realisation in recent years that the country is, for various reasons, caught in a “middle-income trap” and to continue at the current pace of socio-economic development, it would not be able to realise Malaysia’s Vision 2020 of becoming a developed nation by the year 2020. The Malaysian economy which grew between 8% and 9% annually prior to the Asian Financial Crisis, has since 1997, grown annually at only between 4 and 5%.
With this in view, the present government has begun to chart an ambitious and new economic direction and framework for Malaysia, and whilst it still includes Vision 2020 as the target for reaching developed nation status by the year 2020, the new elements in the proposed acceleration of socio-economic development includes the New Economic Model or NEM, the 10th Malaysia Plan or 10MP (2011- 2015), the 1Malaysia Government Transformation Plan or GTP, and the 1Malaysia Economic Transformation Programme or ETP (A Roadmap for Malaysia). The NEM was a result of the establishment of an independent National Economic Advisory Council (NEAC) to develop recommendation on the design of a new economic model. The Council’s report, released in