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An artist’s impression of Capital 21 development in
Iskandar Malaysia.
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LAUNCHED in December 2013, Capital 21 @ Capital City, a themed retail
development located within Iskandar Malaysia development region in Johor has
caught the attention of industry experts with its strong sales since its
introduction into the Malaysian property market.
Two months after its official launch, Capital 21 has been drawing strong
interest in Johor.
The new retail development comprising 1,200 retail units ranging from 120sq
ft to 5,000sq ft, is said to be increasingly in demand among local and foreign
investors.
As its name suggests, the themed floors of Capital 21 will feature 21
different “Capitals”. Some of which are country capitals, and others prominent
and memorable cities or countries. The 21 capitals are Hawaii, Los Angeles,
Switzerland, Las Vegas, Tokyo, Washington DC, Madrid, Paris, Milan, Amsterdam,
Stockholm, Athens, Istanbul, Cairo, Dubai, New Delhi, Singapore, Hong Kong,
Shanghai, Seoul and Sydney.
Now, not only will shoppers have access to renowned fashion brands and
international cuisine, they will also be able to experience the excitement of
world cultures in one locale. The ambitious new retail model is the first of its
kind in Malaysia.
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The Capital 21 development is located in Zone A of
Iskandar Malaysia.
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For an introduction to the development’s concept, visitors can go to the
Capital City Show Gallery located at 1132, Jalan Tampoi, Kawasan Perindustrian
Tampoi, Johor Baru.
The gallery offers a glimpse into the actual 360° view and 3D layout of the
mall with five featured capitals. Visitors can experience first-hand the
lifestyle in Tokyo, the life-size windmill feature from Amsterdam, Hong Kong’s
famous street markets, the ski slopes in Switzerland and the vibrancy of
Madrid.
As part of a joint-venture initiative between developers, Hatten Group Sdn
Bhd, Sunbuild Development Sdn Bhd and contractor, Gadang Holdings Bhd, Capital
21 is just the first phase of the RM2.2bil integrated project named Capital
City.
Spread across 14 acres in the increasingly developed area of Iskandar Malaysia, the vast mixed-use development will also house two international hotel blocks and three SOHO towers nestled atop Capital 21’s massive mall platform which offers over 1 million sq ft of retail space.
The unconventional marketing approach to Capital City is also drawing attention.
Instead of introducing the residential phase first to establish a population and consumer base for the retail element, the partners have launched the shopping mall — Capital 21 . The move was initially questioned by critics but the result speaks for itself with high sales figures recorded in just two months. When asked about the sales response achieved for Capital 21, Colin Tan, group managing director of Hatten Group Sdn Bhd,
attributed the success to the passion and experience of the joint venture partners.
“With our combined expertise in the property industry, we have worked together to design and conceptualise this project and we have the utmost faith in the success of Capital City. We are pleased that the sales figures are reflecting such outstanding public trust and support,” he said.
Siow Chien Fu, group managing director of Sunbuild Development Sdn Bhd, said, “Investors are tapping into the high-potential of Capital 21 not only for its unique, multi-capital mall concept, but also due to its strategic location, its fully-integrated development layout and the surety of a guaranteed 15% rental yield for the first two years.”
Capital 21 is slated to be complete in 2018.
For more information go to www.capitalcity.com.my or call 017 309 1399.
Spread across 14 acres in the increasingly developed area of Iskandar Malaysia, the vast mixed-use development will also house two international hotel blocks and three SOHO towers nestled atop Capital 21’s massive mall platform which offers over 1 million sq ft of retail space.
The unconventional marketing approach to Capital City is also drawing attention.
Instead of introducing the residential phase first to establish a population and consumer base for the retail element, the partners have launched the shopping mall — Capital 21 . The move was initially questioned by critics but the result speaks for itself with high sales figures recorded in just two months. When asked about the sales response achieved for Capital 21, Colin Tan, group managing director of Hatten Group Sdn Bhd,
attributed the success to the passion and experience of the joint venture partners.
“With our combined expertise in the property industry, we have worked together to design and conceptualise this project and we have the utmost faith in the success of Capital City. We are pleased that the sales figures are reflecting such outstanding public trust and support,” he said.
Siow Chien Fu, group managing director of Sunbuild Development Sdn Bhd, said, “Investors are tapping into the high-potential of Capital 21 not only for its unique, multi-capital mall concept, but also due to its strategic location, its fully-integrated development layout and the surety of a guaranteed 15% rental yield for the first two years.”
Capital 21 is slated to be complete in 2018.
For more information go to www.capitalcity.com.my or call 017 309 1399.
For more information on Building and Construction
seminars, please visit www.asiapacificevents.com
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