Corporate Social Responsibility Expansion Guangdong Hong Kong Retail Shenzhen Singapore University
Businesses in northern Singapore are preparing for the imminent opening of the RTS Link, which is set to reshape the cross-border shopping landscape. While facing initial pressure, businesses anticipate a gradual easing of competition over time. Drawing insights from the Hong Kong-Shenzhen dynamic, it is expected that the cost discrepancy between Singapore and Johor Bahru will diminish as the link matures. Professor Sing highlighted the shifting consumer behaviors, noting, “In the long term we’ll probably see a kind of equilibrium. This is what we also observe between Hong Kong and Shenzhen, where a lot more people go to Shenzhen to…
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