The Vehicle Entry Permit (VEP) for Singaporean vehicles entering Malaysia through Johor will officially come into force on October 1. Despite the requirement, many Singaporean drivers have yet to install and activate their VEP's radio frequency identification (RFID) tags. While Malaysian authorities will allow entry without the VEP tag during the initial phase, the Road Transport Department (JPJ) has...
Starting from October 1, 2024, Singapore-registered vehicles entering Johor without a Vehicle Entry Permit (VEP) can continue to do so as usual, but enforcement of the VEP requirement will begin in phases, according to the Road Transport Department (JPJ). Phased Implementation of VEP In the first phase, Singaporean vehicles without the required RFID VEP tags can still enter Malaysia without any...
The upcoming Rapid Transit System (RTS) link, set to commence operations in 2026, is expected to significantly alter the retail landscape in Singapore. Connecting Singapore with Johor Bahru, Malaysia, the RTS Link will offer a convenient travel option, making it easier for Singaporeans to shop across the border. As a result, Singaporean retailers are being advised to adapt their strategies to remain...
The construction of the Rapid Transit System (RTS) Link, which will connect Johor Bahru and Singapore, has reached 83% completion as of July this year, according to Transport Minister Anthony Loke. The project remains on schedule, with operations expected to commence on January 1, 2027. Progress and Upcoming Milestones Transport Minister Anthony Loke confirmed that the construction of the RTS Link is...
The highly anticipated Johor-Singapore Special Economic Zone (SEZ) agreement is expected to be finalized by the end of this year, despite facing significant challenges in the negotiation process. This SEZ, which promises to attract new investments, boost trade, and create jobs, is a key project for both Malaysia and Singapore. However, sources familiar with the matter have revealed that ironing out the...
Allgreen Properties Secures Prime Residential Site Near Orchard Road with Top Bid Billionaire Robert Kuok-controlled developer Allgreen Properties Ltd has made a significant move in Singapore’s real estate market by submitting the top bid for a prime residential site near the renowned Orchard Road shopping precinct. This development highlights Allgreen's strategic expansion in the city-state despite the...
Singaporeans' Demand for Johor Real Estate Surges Despite Ringgit Strengthening Singaporeans' interest in Johor's real estate market remains strong, undeterred by the recent strengthening of the ringgit. This sustained demand is fueled by several factors, including economic developments and infrastructural improvements, particularly the upcoming Johor Baru-Singapore Rapid Transit System (RTS)...
Forest City's Pulau Satu to Thrive with Duty-Free Island Status, Boosting Tourism and Property Demand Forest City, located in Johor, is set to experience a surge in tourism and property demand with Pulau Satu's official designation as a duty-free island. This move is expected to have a significant positive impact on the local economy, according to industry experts. Economic Impact of Duty-Free...
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...
Singapore has become a hive of activity for mergers and acquisitions (M&A) this quarter, reflecting a return of investor confidence driven by the island nation's relative economic and political stability. Recent significant deals underscore Singapore's position as the focal point for transformative M&A activities in Southeast Asia. Recent M&A Activity in Singapore In the past few days...
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