Singapore’s Ascott Limited and Malaysia’s Coronade Properties have signed a Hotel Management Agreement, marking Ascott’s entry into Johor Bahru. The new hotel will be strategically located within Coronation Square, directly connected to the Johor Bahru-Singapore Rapid Transit System (RTS) Link, which is set to commence operations by the end of 2026. This development aims to cater to business travellers, tourists, and long-term residents.
The RTS Link, a significant infrastructure project, is expected to facilitate the movement of 10,000 passengers per hour in each direction, reducing travel time between Woodlands North and Bukit Chagar to approximately five minutes. This connectivity is anticipated to enhance the economic integration between Singapore and Johor, as highlighted by the recent Johor-Singapore Special Economic Zone (JS-SEZ) Agreement signed in January.
The JS-SEZ is designed to leverage the complementary strengths of Singapore and Johor, attracting international investments and fostering economic growth. The collaboration aims to improve cross-border goods connectivity, enable freer movement of people, and strengthen the regional business ecosystem.
Minister of State for Trade and Industry Alvin Tan emphasised the cultural and economic ties between Singapore and Johor, stating, “The success of the JS-SEZ and greater economic integration is not just the result of our geographic proximity, but a cultural familiarity reflected in our strong people-to-people ties, and deep economic cooperation.”
The partnership between Ascott and Coronade is expected to contribute significantly to the region’s economic landscape, aligning with the broader goals of the JS-SEZ and the RTS Link project.
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