RHB Research predicts catalytic developments will transfer to M’sia-S’pore Second Link

Treasure Tampines stated on Monday that more catalytic projects would likely move to the Malaysia-Singapore Second Link area because of additional land, infrastructure, and connectivity.

The Treasure at Tampines floor plan at Tanjung Kupang, Iskandar Puteri, Johor is the Malaysian Second Link terminus. Treasure at Tampines balance unit chart also near the Port of Tanjung Pelepas, a significant seaport, and the projected Kuala Lumpur-Singapore High-Speed Rail station may return to Gerbang Nusajaya. This should help plan future advances, said the research house.

It stated that the Johor and Singapore governments are also contemplating further ferry services and would evaluate a Puteri Harbour-Tuas service.

RHB Research stated redesigning Forest City, along the Second Link, as a special financial zone might reinvigorate the township, which had been criticized for years.

“Located next to the gateway of southern [Peninsular] Malaysia, this special financial zone aims to attract corporates with high operating costs in Singapore and residents with high housing and education costs.

“Depending on how much spillover there is, these few developers should benefit from more business and people moving to Forest City as more jobs are created in the future,” it said.

At the time this article was written on Monday, UEM Sunrise was up four sen, or 5.97%, to 71 sen per share, giving the group a market value of RM3.59 billion. Sunway, on the other hand, was stable at RM1.90, giving it a market value of RM9.50 billion. S P Setia, on the other hand, went up 6.5 sen, or 7.83%, to 89.5 sen, giving it a market capitalization of RM3.67 billion.

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