Spore property won’t drop due to RTS Link btw JB and Spore
Singapore residents are attracted by lower prices for goods and services and head to Johor Bahru (the capital of Johor) and other parts in Malaysia.
Malaysians commute by land to work and back frequently. There are always massive traffic jams both at the Woodlands Checkpoint and Tuas.
A game changer, the Johor Bahru to Singapore Rapid Transit System Link (RTS), is just around the corner.
By the end of 2019, the RTS Link, a four-carriage rail service that runs 4 km between the Woodlands North MRT in Singapore and Bukit Chagar in Johor Bahru, had reached 65 percent completion. It is anticipated that operations will begin by December 2026.
The RTS Link has the capacity to serve up to 10,000 people in one direction per hour. Estimated journey time for the train is around five minutes.
The immigration officials of Singapore as well as Malaysia will be located in both stations. Therefore, passengers need only clear the immigration authorities upon departure.
It is possible that the commute between Singapore to Johor Bahru will become easier in future.
Can Singapore property suffer as more people decide to work, live and play in Johor Bahru than Singapore if travel via RTS Link is so easy?
Singapore businesses and/or individual can reap huge savings by using Johor property for office premises and warehouses, industrial buildings, homes and healthcare facilities among other things.
RTS Link is not expected to adversely impact the value and demand of Singapore real-estate.
First, improved transport connectivity can encourage new businesses to open in Singapore as well as existing ones to expand.
Housing staff in Singapore and Johor Bahru is an option for businesses. Office space in Singapore with its higher rent allows a company to house staff in a financial and international business centre.
Johor Bahru offers cheaper office space that is easily accessible from Singapore. The Johor Bahru area can be used to house support and training functions as well as serve a backup office for disaster recovery.
Singapore is a great place to locate industrial and warehouse facilities because of its proximity to the busy airport and port. Johor offers lower costs and more land.
Should the Johor Singapore Special Economic Zone become a reality soon, this will enhance further the combined Singapore and Johor business offering. A JS-SEZ will improve the flow of goods and people across borders, as well as increase investment.
Second, a good connection between Singapore and Johor Bharu would be beneficial to the meeting, incentive, conference and exhibitions (Mice), as well as the tourism industry.
RTS Link is a great option for tourists who want to visit Singapore but are hesitant due to high hotel rates. They can stay in Johor Bahru, and then make day trips using RTS. Such day-trippers might patronise Singapore malls.
It is important to sell Singapore and Johor Bahru in a package. This will increase Singapore’s appeal for tourists as a whole, as well as for the Mice industry.
There are many reasons for tourists to visit Singapore and Johor bahru and stay longer. Visitors can mix and match accommodation options in Singapore or Johor Bahru depending on their budgets and preferences.
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Mice activities are another example. When Singapore and Johor Basru team up, the venues and accommodations available will be more diverse and attractive to attract these events in comparison with other global competitors.
Singapore and Johor bahru together can attract more tourists, which means that hospitality operators in this area could potentially serve a larger number of guests.
Third, the economic benefit of closer Singapore-Johor Bahru connections may outweigh any loss to Singapore homes caused by Singaporeans moving to Johor Bahru for the lower cost of life.
Many Singapore residents may consider moving to Johor Bhru once the RTS Link opens. While living in Johor Bahru, it may be easy for your children to go to school in Singapore. Johor Bharu may be convenient for those who are able to split their time working at home and in a physical office.
Singaporean retirees in particular may find it a pleasure to live in Johor Bahru. Renting one’s Singapore house and living across the Causeway would allow you to easily access Singapore for medical visits, meetings with family and friends and other errands.
Singapore’s economic growth could be boosted by a stronger connection with Johor. Singapore’s economic growth could be hindered by high business costs. A closer Singapore-Johor partnership can help to mitigate these costs.
A wider range of housing options, such as in Singapore and Johor Bahru, can attract knowledge workers. Singapore’s vibrant culture, cosmopolitan atmosphere and good public space may make many of these workers happy to live there despite its higher cost.
