Jurong Club halts trading in memberships

Jurong Club halts trading in memberships

Jurong Country Club (JCC) has stepped in to freeze trading in its memberships, a day after it was announced that its 67ha property would be acquired and would make way for the high-speed rail terminus linking Singapore to Kuala Lumpur.

The club's decision to halt trading was aimed at preventing membership sales to unsuspecting buyers, said JCC president Bobby Wee.

"The club has got a responsibility to suspend (trading) until such time, when the whole market knows about it," said Mr Wee.

He added that club officials will meet government agencies on Friday to discuss the details of the acquisition.

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