The Malaysian 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. A former Malaysian minister who was in charge of the high-speed rail (HSR) project said the new government is making a “short-sighted” move to scrap the KL-Singapore rail network line, as the project has big multiplier effects that would boost job creation and the economy. Economic Affairs Minister Datuk Seri Azmin Ali said on Sunday the government needed to consider all factors involved, including an earlier contractual agreement between Malaysia and Singapore for the HSR. He said the ministry and the Economic Planning Unit were currently preparing a review.