If things go according to plan, 40,000 commuters will be taking the Johor Bahru-Singapore Rapid Transit System (RTS) on a daily basis when the 4km cross-border service launches in January 2027.
Malaysian and Singaporean authorities estimate that ridership will progressively increase as operations stabilise, with a maximum capacity of 140,000 Singaporeans and Johoreans commuting on the RTS line on a daily basis this time next year.
Recently, I had the chance to speak to a leading Bursa-listed Malaysian property developer, to find out how they intend to capitalise on the expected increase in buying interest for residential properties around the Bukit Chagar RTS station – the terminus on the JB side.
While this developer says that they are on the look-out for redevelopment opportunities in the vicinity, this was tempered with some caution given the degree of uncertainty regarding the dispersal plan around Bukit Chagar.
This conversation took place before news broke that Malaysia’s cabinet approved a RM10 billion budget...