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RTS Link to Drive Up Property Prices in Johor Bahru
The RTS Link, a rapid transit system that will connect Singapore and Johor Bahru, is expected to drive up property prices in Johor Bahru. The RTS Link is scheduled to be completed in 2024 and will have a capacity of 10,000 passengers per hour per direction. This will make it much easier and faster for people to travel between Singapore and Johor Bahru, which is expected to increase demand for property in Johor Bahru.
A recent study by property consultancy firm Knight Frank found that property prices in Johor Bahru have already started to rise in anticipation of the RTS Link. The study found that the average price of a condominium in Johor Bahru has increased by 10% in the past year. This is expected to continue in the coming years, as the RTS Link becomes closer to completion.
The RTS Link is expected to have a major impact on the property market in Johor Bahru. It will make it easier for people to live and work in Johor Bahru, which is expected to drive up demand for property. This is good news for property investors in Johor Bahru, as they can expect to see their property values increase in the coming years.
Here are some of the reasons why the RTS Link is expected to drive up property prices in Johor Bahru:
If you are considering investing in property in Johor Bahru, the RTS Link is a major factor to consider. The RTS Link is expected to drive up property prices in Johor Bahru, so now is a good time to invest. We suggest you to find property for sale in Bukit Chagar, Johor Bahru, The Astaka or near the CIQ Checkpoint!
If you're looking to other growth property potential, then can check out our guide on Forest City's Journey as a Special Financial Zone!
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