Malaysian property and utility firm, YTL Corp will soon submit to the government a RM8 billion high speed rail link plan with neighbouring Singapore.

Transport Minister Chan Kong Choy also said government investment arm, Khazanah Nasional, is currently studying the social impact of the project.

"The government has yet to decide whether the train should end in (southern) Johor state or in Singapore as it has not seen the proposal," he was quoted as saying by official Bernama news agency.

The proposed rail link from Malaysia's capital Kuala Lumpur to the island republic would cover the 325 kilometres in 90 minutes.

Currently, the rail service to Singapore takes about seven hours.

Francis Yeoh, YTL's managing director, said in July that construction would take about three years and if it was approved, YTL would go to the global market to raise the needed finance.

YTL owns a majority stake in ExpressRail Link, a high speed train which links the capital to Kuala Lumpur International Airport, about 45 miles to the south.