RTS Link may spark S$1b Singapore spending surge in JB, according to retail and consumer spending study
SINGAPORE, July 16 -- Singapore residents are expected to spend an additional S$1.05 billion (RM3.31 billion) annually in Johor Bahru after the Johor Bahru-Singapore Rapid Transit System (RTS) Link begins operations in 2027, a study found.
The study, commissioned by the Singapore Business Federation, Restaurant Association of Singapore and Singapore Retailers Association, was reported by CNA and examined the RTS Link's potential impact on consumer spending, tourism flows and competition between businesses on both sides of the border.
The projected increase in Singapore-to-Johor Bahru spending is expected to exceed the additional S$756 million that Johor Bahru visitors are forecast to spend in Singapore each year.
This would leave Singa...
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