Capital World’s RM 368 million mall unit sale remains stalled by state approvals
Bitget2026/10/28 11:55- Capital World's RM 368 million sale of Capital City Mall retail units to MK Mustafa remains delayed by outstanding state approvals.
- As of July 9, 2026, foreign-ownership approvals covered 55 of 591 units; applications for the remaining 536 were outstanding.
- MK Mustafa has paid approximately RM 144 million in deposits and commenced fit-out work.
- The waiver of contractual conditions did not remove statutory requirements; transfers remain subject to state approvals.
- The proposed RM 25 million five-tower disposal fell through following buyer due diligence, as announced June 20, 2025; alternative monetization remains under exploration.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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