New Johor rail link: a US$815m challenge for Singapore’s retail and F&B
New Johor rail link: a US$815m challenge for Singapore’s retail and F&B. Singapore consumer spending in Malaysia’s Johor state is expected to increase by…
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Summary
New Johor rail link: a US$815m challenge for Singapore’s retail and F&B. Singapore consumer spending in Malaysia’s Johor state is expected to increase by S$1.05 billion US$815 million annually following the opening of a cross-border rail link that will connect both sides in minutes, a new study by business associations has found. The study anticipated that Singapore’s retail and food and beverage (F B) businesses could gain S$756 million in incremental annual spending from JB visitors following the improved connectivity. The RTS Link will heighten competition for Singapore’s retail and F B businesses, while helping to bring more JB visitors to Singapore, especially for premium retail, entertainment, and major lifestyle events.
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New Johor rail link: a US$815m challenge for Singapore’s retail and F&B. Singapore consumer spending in Malaysia’s Johor state is expected to increase by S$1.05 billion US$815 million annually following the opening of a cross-border rail link that will connect both sides in minutes, a new study by business associations has found.
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The study anticipated that Singapore’s retail and food and beverage (F B) businesses could gain S$756 million in incremental annual spending from JB visitors following the improved connectivity.
according to BernamaThe RTS Link will heighten competition for Singapore’s retail and F B businesses, while helping to bring more JB visitors to Singapore, especially for premium retail, entertainment, and major lifestyle events.
according to Bernama
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New Johor rail link: a US$815m challenge for Singapore’s retail and F&B. Singapore consumer spending in Malaysia’s Johor state is expected…
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