Two entrepreneurs say the expected increase in customers using the transit line would cushion an imminent increase in rent.
Read More: https://www.freemalaysiatoday.com/category/nation/2024/06/25/business-owners-hope-to-cash-in-on-rts-traffic/
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Read More: https://www.freemalaysiatoday.com/category/nation/2024/06/25/business-owners-hope-to-cash-in-on-rts-traffic/
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NewsTranscript
00:00Businessmen in Johor Bahru are optimistic about reaping the commercial benefits of the
00:07upcoming Rapid Transit System-linked project.
00:10Even so, restaurant owner Chan Wai Heng said he expects his landlord to raise his rent
00:15by 20% to 30% in the next few years.
00:19It's unavoidable.
00:20If we increase the number of customers, we will definitely win.
00:27Jason Su, who operates a hair salon, also believes that the RTS will help grow his
00:32business prospects, which would cushion the impact of higher rent.
00:37I think it will be 20% to 30% higher than last year.
00:47The RTS is a 4-kilometer light rail transit shuttle service connecting Bukit Tjagar Station
00:52in Johor Bahru and the Woodlands North Station in Singapore.
00:56It is due to be completed in 2026, aiming to serve up to 10,000 passengers per hour
01:01in each direction at peak hours.