Malaysia and Singapore are expected to announce "win-win" proposals for the two countries at their Annual Consultation next year, Prime Minister Najib Abdul Razak said today.

He said the proposals include an iconic landmark, which will be built on two pieces of land which are part of the Points of Agreement (POA) in exchange for Malayan Railway land in Singapore.

"The wellness centre project will also be launched during our annual consultation. We can expect that to happen either at end of January or early February," he told a press conference in conjunction with the Eighth World Islamic Economic Forum (WIEF) in Johor Baharu.

Najib was responding to issues discussed during his bilateral meeting with Singapore Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam on the sidelines of the forum.

"The meeting went on very well. It's very positive, much in line with what Prime Minister Lee Hsien Loong spoke to me in Phnom Penh recently that we should call for "win-win" proposals," he said.

During the 15-minute meeting, Najib said they discussed about the high- speed train project.

"Singapore endorses it (the project) in principle but subject to detailed study which we will forward to them when it is completed.

"They have a sense that this could be another one "win-win" proposal for the two countries," he said.

Najib, who is also finance minister, said that as things developed between the two countries, Singapore would continue as the hub for commercial and financial development while southern Johor would be an area of high quality living for that.

"This can be a "win-win" situation as Johor benefits from the enormous influx of people, talents and capital inflow. This will be good for the future of Johor," he said.

- Bernama