Singapore: Retail businesses in Singapore targeting the mass market are likely to face challenges, with consumers crossing to Johor border to spend their money. However, the luxury retail sector appears set to remain resilient. RHB Singapore notes that connectivity between Malaysia and Singapore already exists, but the JS-SEZ is expected to enhance it further. “Depending on the execution and implementation of the various plans under the JS-SEZ, a significant improvement in connectivity is likely to entice more Singaporeans to spend in Malaysia, given the price disparity. That will, in turn, attract more investments from the retail brand owners to strengthen their presence in the region to capitalise on the opportunities”
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