The Kuala Lumpur-Singapore High Speed Rail (HSR) project will be a game changer for Malaysia and Singapore including for economic generation, lifestyle and property value, says Malaysia's Prime Minister Datuk Seri Najib Tun Razak.

He said the project, which is due to complete in 2026, would also generate new impetus in terms of economic development along the way not only in the Klang Valley and Singapore but also towns in between.

"Beyond that we think the future of Malaysia and Singapore that is going to be visualised by 2026, we see a very exciting future and that future will be a reality once the project is operational," he said.

Speaking in a joint press conference with Singapore Prime Minister Lee Hsien Loong at Seri Perdana here today, Najib said with the project, Kuala Lumpur and Singapore would no longer be seen as distant cities but two closely-connected ones.

Najib and Lee earlier witnessed the signing of a Memorandum of Understanding on the HSR project, which signified Malaysia's and Singapore's commitment towards the landmark project.

The 350km rail line, which will reduce travel time between the two countries to just 90 minutes with speeds of over 300km/hour, will have eight stations -- Bandar Malaysia, Putrajaya, Seremban, Ayer Keroh, Muar, Batu Pahat, Iskandar Puteri and Singapore.