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RTS Link could shift SG$1.05 billion of annual Singapore spending to Johor Bahru

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Illustration of a simplified train crossing a narrow water channel on a burgundy rail deck, with dense low shopfronts on the left and a taller, more spacious hotel, dining and entertainment frontage on the right.

A trade-backed base case points to a SG$290 million net outflow from Singapore. As a five-minute railway redraws the cross-border catchment, businesses must convert higher mobility into margin without overbuilding capacity or relying on price alone.