Hmm, yes. It's the developers (Eg Country Garden) who overemphasised RTS as a reason to buy properties in JB. And not because to attract more Singaporeans to buy properties in Iskandar, the RTS will be built.
So far, there isn't a transparent breakdown of where the billions of RM investment are coming from. But I vaguely recall the real estate portion is not the largest. Much of the RM billions are from businesses. Many are at a standstill now because of the weak global economy perhaps. But once we're out of it, I think the construction and businesses will start rolling in. Even Singapore's Capitaland is stuck at Danga Bay.
By building Woodlands North MRT to prepare for RTS, I'm not sure how Singapore benefits. It's more like Singaporeans will go to Johor to shop or even buy properties there, rather than Johoreans coming over to shop in ultra expensive Singapore.
So that's why I said earlier could this be an indirect hint of encouragement from the government that eventually they want some Singaporeans to move over there? Ok, I may be thinking too much, ever since that Khaw Boon Wan hinted Johor nursing homes are so much cheaper than SG's.