JOHOR BAHRU-based real estate groups SKS Group and MB World Group have acquired the hotel block and four residential blocks situated above the existing Capital City Mall in Tampoi, Johor Bahru, Johor.
The mixed-use development is strategically located along the arterial Jalan Tampoi, offering convenient access to key destinations within the city and beyond.
Upon completion, the acquired development will comprise a 16-storey, four-star internationally branded hotel with 315 keys, alongside four 15- to 18-storey serviced apartment blocks comprising 1,320 units, all situated above the existing retail podium.
By leveraging their complementary expertise in property development, management and hospitality, SKS Group and MB World Group aim to bring the acquired development to completion.
The introduction of hotel facilities and residential components will complement the existing retail offering at Capital City Mall, contributing to a more vibrant and integrated mixed-use destination.
Drawing on SKS Group’s expertise in hospitality management and operations, the hotel component is envisioned to operate under an internationally recognised hotel brand.
Meanwhile, MB World Group, as the developer of the residential component, will manage its
development, marketing and the delivery of vacant possession to purchasers.
SKS Group and MB World Group executive director Cindi Sim said, “We are pleased to
be part of this mixed-use development, which reflects our commitment to serving the community, supporting local economic growth and contributing to the continued development of the surrounding area.
“Beyond bringing the acquired development to completion, we are committed to delivering quality accommodation offerings and helping purchasers realise their aspirations of homeownership.
“Subject to the necessary preparations and approvals progressing smoothly, development
planning is expected to commence in the near term, with construction works targeted to commence in the first quarter of Year 2027 at the earliest, and completion anticipated by the end of Year 2028,” Sim added.
