RTS and SEZ
Dr Wong said that while the increased demand is good news for property developers, it could cause the cost of living in Johor Bahru to rise.
“There will be further income fragmentation within JB as the city center becomes more affluent. This will push lower income groups to the periphery,” he told CNA Singapore. -Said on Tonight.
However, with construction of the special economic zone underway, Dr Wong said the initiative would be beneficial to businesses in both cities.
“From a business perspective, there are synergies that Singaporeans and Malaysians can create in JB that will enrich both cities. For example, export-driven sectors such as manufacturing will He said he cited the example of a Singapore company set up in Johor, where land, materials and labor costs are cheap and commuting will soon become easier. .
On the Singapore side of the border, real estate analysts expect demand for housing near Woodlands North to increase as RTS nears completion, and expect new housing units to be added to the neighborhood in the future. He said that
Both governments celebrated a construction milestone on the RTS project on Thursday, with approximately 65% of the structural work in both countries completed.
RTS Link is scheduled to begin passenger service by December 2026.