Malaysia, Hong Kong Plan Economic Hub Near Singapore Border
- Mixed-use property development value estimated at $660m
- Development to come up near JB-Singapore rail terminus
The traffic from Malaysia to Singapore on the Johor–Singapore Causeway.
Photographer: Edwin Koo/BloombergThis article is for subscribers only.
Hong Kong will join Malaysia in developing an economic hub in southern Johor, near the Singapore border, as Malaysia looks to tap the land development potential near the site of an upcoming cross-border rail link.
Malaysia’s MRT Corp. and Hong Kong’s MTR Corp. signed a memorandum of understanding to develop a six-acre land for mixed use in Bukit Chagar on Friday, as part of Hong Kong Chief Executive John Lee’s visit to Malaysia.