JOHOR BAHRU: 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.

Upon completion, the mixed-use 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.

SKS Group and MB World Group aim to complete the acquired development. The introduction of hotel facilities and residential components will complement the existing retail offering at Capital City Mall.

The hotel component is envisioned to operate under an internationally recognised hotel brand and will draw on SKS Group’s experience in hospitality management and operations. MB World Group will manage its development, marketing and the delivery of vacant possession to purchasers.

“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,” said SKS Group and MB World Group executive director Cindi Sim.

“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,” added Sim.

Stay ahead of the crowd and enjoy fresh insights on real estate, property development and lifestyle trends when you subscribe to our newsletter and follow us on social media.