This article summarizes a site visit to the RTS (Rapid Transit System) project in Johor Bahru, Malaysia, and discusses surrounding developments, including residential and commercial properties.
Introduction
Dyan and the speaker explore the RTS project site and surrounding areas, providing insights into current construction and future developments for potential buyers and investors. The focus is on convenience, accessibility, and investment opportunities.
RTS Project Site Overview
Current Construction
The RTS project site is currently under construction. The project aims to improve connectivity between Johor Bahru and Singapore.
Car Park Redevelopment
The existing car park area has been acquired by developers for new construction projects, primarily mixed residential buildings.
Surrounding Developments
Tri Tower
The Tri Tower residential project is located near the RTS site and is linked to the JB Sentral RTS station.
Aaka and Arden
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Aaka: Aaka is a luxurious residential building, currently the tallest in Southeast Asia. Phase two, called Arden, is being launched. Aaka offers exclusive units with private lobbies and high-end materials, with units priced around 2 million.
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Arden: Arden, located beside Aaka, offers a more affordable luxury living option. The entry price is approximately 1 million and includes a hotel management concept operated by Knight Frank, allowing for both personal use and investment. Arden is under the same developer, Aaka Padu.
Future Development by Sunway
Sunway is planning a new development near the RTS site, anticipated to launch around 2028. The projected price per square foot is estimated to be between 1,800 and 1,900. The location is near an existing MBJB office. Two residential blocks are planned for the Sunway development.
Accessibility and Convenience
Existing CIQ
The existing Customs, Immigration, and Quarantine (CIQ) complex will continue to serve a significant portion (approximately 70%) of human traffic entering and exiting Johor Bahru, even after the RTS is operational.
Walkway to CIQ
The team explored the existing pathway from a parking area to the JB CIQ, noting that many motorcyclists park there to commute to Singapore. The path, though currently in poor condition, is expected to be improved with sheltered walkways in the future.
RTS Walkway
A walkway, approximately 150 meters long (about a 5-minute walk), will connect JB Sentral to the RTS station. The walkway is expected to be sheltered. However, the existing ground conditions include brick roads and traffic, so accessibility may not be entirely seamless.
XM CQ Project
The XM CQ project, located at Jalan Lumba Kuda, is approximately a 5-minute walk from the existing CIQ via a link bridge. It offers an investment opportunity near the CIQ.
Conclusion
The RTS project and surrounding developments are expected to enhance connectivity and provide various investment opportunities in Johor Bahru. While the RTS offers a dedicated CIQ, the existing CIQ will continue to serve a significant portion of travelers. The location is considered beneficial for those using the RTS, but potential investors should consider factors such as accessibility and surrounding infrastructure.