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RE: 🚶🚶🚶📷Walk with me, Documenting the defunct railway station | 跟我走，记录关闭的火车站 (by @ace108)
The railway and the land belongs to the Malaysia government and Singapore wanted the land for redevelopment.
The whole discussion has been on for decades until some final agreement in 2011.
The really long version of the story and history is here:
https://en.wikipedia.org/wiki/Tanjong_Pagar_railway_station