news

Capitamalls Asia, Sime to build RM670m mall

KUALA LUMPUR: CapitaMalls Asia Ltd and Sime Darby Property Bhd, a unit of Sime Darby Bhd yesterday announced the construction of a shopping mall on prime commercial land in Taman Melawati, Kuala Lumpur.

To be called Melawati Mall, the 50:50 joint venture eight-storey building will become a lifestyle city shopping complex when it is completed in end-2016.

“Positioned as a one-stop retail and lifestyle destination, Melawati Mall aspires to bring the city shopping experience, with its comprehensive and fashionable offerings to the residents of Melawati township and nearby towns,” Sime Darby Property said in a statement.

When it is completed, the mall, fronting the Middle Ring Road 2 will serve an estimated 800,000 people.

The total development cost is expected to be about RM670 million. — Bernama


This article first appeared in The Edge Financial Daily, on October 4, 2013.

 

Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.
SHARE