What changes with KTMB ETS on 1 January?

KTMB retires the diesel Southern Express and extends KTMB ETS to Johor Bahru. Riders get electric trains, better comfort, and the potential for higher frequency. End-to-end time still depends on first-mile and last-mile travel, plus immigration checks. Watch early-week loads to see how commuters adopt the new schedules.

Will KTMB ETS remove the need for the KL-Singapore HSR?

No. KTMB ETS improves service quality but does not match the speed and consistency expected from a true high-speed line. HSR still offers faster point-to-point travel and better reliability for business trips. The decision depends on funding, demand, and policy alignment between both countries.

Could RTS Link congestion reduce rail benefits?

It could at peak hours, especially during holidays or Monday mornings. Smooth border processing, clear wayfinding, and synced timetables are key. If staffing and throughput scale with demand, congestion risk falls. Investors should watch opening months closely, as patterns there will shape forecasts for cross-border rail.

Where might property gains appear first if rail demand rises?

Near confirmed stations with strong access and daily traffic. In Johor Bahru, areas near major nodes and retail hubs could see improved rents. On the Singapore side, any future terminal zone would need excellent integration with MRT and buses. Prioritise projects with phased plans and realistic tenant demand.

How should Singapore investors gain exposure now?

Consider diversified exposure across transport engineering, station-area retail, and travel services. Focus on firms with solid cash flow, proven delivery on rail projects, and disciplined capital use. Size positions modestly until policy milestones land, then add on confirmed tenders, station locations, or clear ridership data.

Global Market Insights

December 31: KTMB ETS Shift Revives KL-Singapore HSR Debate

ByHuzaifa Zahoor December 31, 2025December 31, 2025

KTMB ETS is set to replace the diesel Ekspres Selatan on 1 January, extending electric services to Johor Bahru. For Singapore investors, this raises fresh questions about the KL-Singapore HSR, cross-border demand, and the risk of RTS Link congestion at peak hours. We break down what the shift means for Johor Bahru travel, business trips between KL and Singapore, and potential capital spending. We also map where value may accrue across transport, property, and services if policy momentum builds.