RTS

RTS Link Project Costs Rise by 29.9% to RM5.24 Billion: Auditor-General’s Report The estimated cost of the Rapid Transit System Link (RTS Link) infrastructure project has surged by 29.9%, reaching RM5.24 billion as of December 31, 2023. This increase, up from the original estimate of RM4.03 billion in January 2018, highlights several key factors driving the escalation in expenses. Reasons for Cost...

The Rapid Transit System (RTS) Link between Johor Bahru and Singapore is poised to revolutionize connectivity and transportation in the region. This ambitious initiative promises numerous benefits, ranging from reduced congestion and improved safety to job creation and environmental sustainability. Here’s an in-depth look at the key benefits of the RTS Link and its historical context. Historical...

Johor is rapidly transforming its property landscape, shedding its previous status as the region with the highest property overhang, to becoming a burgeoning hub for real estate investment. This shift is largely attributed to a series of strategic developments aimed at enhancing the region’s economic and infrastructural fabric. Strategic Developments Spurring Growth Sheldon Fernandez, the country...

The Johor property market is experiencing a remarkable resurgence, primarily fueled by the escalating interest from Singaporean nationals and permanent residents, alongside significant infrastructural and economic initiatives. This upswing is most pronounced in Iskandar Puteri, which is witnessing the highest proportion of foreign demand, a trend that is expected to persist, according to the Property...

The Malaysian government has expressed satisfaction with the current progress of the Rapid Transit System (RTS) Link project, a pivotal transport connection between Johor Bahru and Singapore, anticipating its full operation by January 1, 2027. Transport Minister Anthony Loke Siew Fook, in a statement, reiterated the commitment of both Malaysia and Singapore to the success of this multi-billion ringgit...

Prime Minister Datuk Seri Anwar Ibrahim and his Singaporean counterpart Lee Hsien Loong gathered on Thursday to witness a momentous milestone in the development of the Rapid Transit System Link (RTS Link) project. This landmark event marks a symbolic "connection" between Malaysia and Singapore, showcasing a major advancement in this ambitious infrastructure venture. The ceremony highlighted the...

The nearing completion of the Johor Bahru-Singapore Rapid Transit System (RTS) Link has ignited interest among Singaporeans in investing in Johor Bahru's property market. Factors such as the favorable exchange rate, lower cost of living, and strong rental demand have made Johor Bahru an attractive destination for property investment. Key Points: The Johor Bahru-Singapore RTS Link is set to commence...

The Ministry of Transport (MOT) plans to initiate negotiations to continue the current Keretapi Tanah Melayu Bhd (KTMB) Tebrau Shuttle service between Johor Bahru and Singapore, even after the Rapid Transit Service (RTS) commences its operations. Transport Minister Anthony Loke noted that the bilateral agreement between Malaysia and Singapore for the RTS project includes a condition for terminating the...

The retail market in Johor Bahru is poised for significant growth, driven by the upcoming Johor-Singapore Rapid Transit System (RTS) Link. The RTS Link is expected to transport approximately 10,000 passengers per hour in each direction, providing a substantial boost to the region's economy. Allan Soo RE Consultants principal, Allan Soo, shared these insights during the Johor Bahru Retail Market Conference...

Mass Rapid Transit Corp Sdn Bhd (MRT Corp) and Hong Kong's public transport operator and property developer MTR Corp Ltd have signed a memorandum of understanding to jointly develop a mixed development project adjacent to the Rapid Transit System (RTS) Link's Bukit Chagar station in Johor Bahru. The RTS Link is a cross-border rail link connecting Bukit Chagar to Woodlands in Singapore, scheduled to begin...