Chinese developer R&F’s Princess Cove condominium project in Johor Bahru, Malaysia, has experienced a significant increase in sales, particularly from April to September 2023. The surge in interest is attributed to the progress of the Rapid Transit System (RTS) Link, a 4km rail shuttle set to be operational by the end of 2026, connecting Woodlands North MRT station in Singapore to Bukit Chagar in Johor Bahru.
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Property Sales
The visible construction progress has reassured buyers, with around 40% being Singaporeans seeking investment opportunities in JB properties following increased stamp duties in Singapore. The RTS Link aims to alleviate Causeway congestion.
