Wait. It is still in progress but will only have another update perhaps end 2014. Targeted date of completion is also 2019. Which is 5 years away. So, if RTS is not built, what would happen? Well, I feel that more road linkages can be built between Singapore. More buses perhaps? In fact, I am quite sure if RTS is built now, it will be a massive loss financially because there are just not enough population support such a huge project. There may be more people working in Singapore. There may also be more residents of Singapore buying in Iskandar but the number is definitely insufficient to support this. We need more. I think end 2014 would be a good time.
Now, what will happen if RTS is built successfully? Let me ask you. If you are a middle class Singaporean living in a HDB flat. Sure, it is clean. Sure, it is safe. Sure, you have MRT. Sure, you have mini markets and schools nearby. Sure, you can reach your working place in 30 minutes. Now, what if I tell you, for 10 minutes extra with RTS, you can also stay in a clean CONDOMINIUM with squash courts, swimming pools, BBQ pits and more, departmental stores nearby, international schools which cost much lesser than in Singapore, top 1% universities in the world nearby and the price is just S$400,000 or lesser if you happen to be a Malaysian who has PR there and does not need to buy RM1 million and above? Don’t look at me, you decide. 🙂
RTS is a future catalyst. Just like what KLCC did to all the surrounding properties. Just like what happened to all the properties nearby MidValley, nearby IKEA / The Curve. Just like what happened to all the properties nearby or next to the MRT stations coming up in Malaysia. KK would never be such a huge success without an international airport. All these are conveniences. When we buy properties, sometimes we get lucky and the catalyst are built next to us. For example, my Kelana Puteri condo. I did not know Paradigm Mall would be built there. If I did, I would have bought one more unit!
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