JB property prices, rental rates up on RTS project

PETALING JAYA: The strong Singapore dollar, coupled with the development of the Johor Baru–Singapore Rapid Transit System (RTS), has begun to increase property prices and rental rates in areas surrounding the station.

Citing Knight Frank, RHB Research said in a report that transactions on a few high-rise projects have reached RM900 to RM1,100 per sq ft, which is almost on par with property prices in the Klang Valley.