Travel between Malaysia & Singapore to be sped up thanks to new Rapid Transit System.
Recent news has stated that a bilateral agreement is expected to be inked for a Rapid Transit System to link Malaysia and Singapore. This new rail network will connect Malaysia’s Bukit Chagar in Johor and Woodlands North station on Singapore’s Thomson-East Coast rail network.
The opening of this new infrastructure will improve travel for many who travel between the two countries. To travel across the Causeway at present poses numerous delays and the traffic is heavily congested and commuters often come to a complete standstill. The new Rapid Transit System will help ease this bottleneck and could well advantage investors and developers as Johor becomes even more accessible for those travelling from Singapore.
It is anticipated for increased interest to be generated in this property market as the values in Johor are lower than Singapore and this new rail network will create an efficient commuter channel. Despite a timeline not being set for when this New Rapid Transit System will be completed, investors are still being advised to do their research before investing.
This news could be a boast for Johor’s property market. Investors should closely watch progression as it unfolds and carry out the necessary checks on any property that may interest them. Notably the credentials of the developer, the Malaysian property ownership laws and the quality of the project.
