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NEWS UPDATES 23 June 2010

Singapore, Malaysia swap land

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Singapore and Malaysia expect to conclude a deal on exchanging land parcels in three months. They also agreed to reduce the toll charges for motorists using the Second Link connecting the two countries.

The announcements came after a meeting between Singapore Prime Minister Lee Hsien Loong and Malaysian Prime Minister Najib Tun Razak in Putrajaya, Malaysia on Tuesday. The meeting was a follow-up to their retreat in Singapore last month.

Prime Minister Lee said both countries will finalise the land swap deal as part of an agreement to relocate the Malaysian railway station from Singapore city centre at Tanjong Pagar to a location closer to the border at Woodlands by 1 July 2011.

Mr Lee said: "I have made the prime minister a proposal laying out several variations for the prime minister to choose from. He has raised some issues which we are in discussion. As the prime minister said, we aim to settle within 3 months," Channel News Asia reports

Mr Najib gave the assurance that the concept of joint development remains.

He said: "The spirit of our discussion today was very warm, very positive and I thank Prime Minister Lee for being as flexible as possible with the intention that there will be a final resolution of the POA issue.

"Our positions would still be to look at the land swap - the parcels of land with respect to Marina South and Ophir-Rochor, the details of which will be considered.

"And we will convey to the Singapore government in due course within the 3-month time frame. So the whole concept of joint development still remains."

The three land parcels in Tanjong Pagar, Kranji and Woodlands, and three others in Bukit Timah could be swapped for land of equivalent value in the Marina South and/or the Ophir-Rochor area.

Both leaders said they had a productive meeting on the land swap offer and discussed some initial response.

Prime Minister Lee revealed that he had sent Singapore's National Development Minister Mah Bow Tan to Kuala Lumpur a few days ago to present the land swap proposal to the Malaysian leader and Malaysia has been studying the proposal for the past few days.


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