Channel News Asia |
More integrated developments could sprout in densely populated areas of Johor Bahru like Mount Austin and Tebrau, in the wake of news that a mixed-use development would be built next to the Johor Bahru-Singapore Rapid Transit System (RTS) Link’s Bukit Chagar station.
Such projects could be as successful as the ones in Kuala Lumpur and Singapore’s heartlands, but local authorities should ensure retail rentals do not rise beyond the reach of smaller mom-and-pop businesses, analysts say.
Siva Shanker, chief executive of estate agency at property consultancy Rahim & Co, told CNA the Bukit Chagar project could be a “catalyst” for other integrated developments near transportation stations.