Connectivity as a Valuation Driver
The RTS Link, slated for operation in late 2026, is poised to reduce cross-border travel time to 15 minutes. This infrastructure catalyst is driving a Singaporean Spillover Effect, transforming JB City Centre from a weekend destination into a viable primary commuter belt.
Pricing Deltas
- RTS Proximity Premium: Projects within 1km of the Bukit Chagar station (e.g., R&F Princess Cove, Quayside JB) are commanding a 35% premium over district averages (`RM 1,100 psf` vs `RM 800 psf`).
- Rental Yields: Gross yields in key integrated developments have hit 6.5%, driven by Singapore-based workers seeking relief from SG's skyrocketing rents.
We maintain a BUY rating on completed inventory with direct covered walkway access to the RTS terminal.