Anyone following the development of Capital City in Johor might have started with the impression it would be a gigantic shopping mall to rival all malls in Johor. It evokes comparison with VivoCity in Singapore in size. Watch for a feel of the size of Capital City in Tampoi, a 15-min drive after crossing from Singapore into Johor Baru It is supposed to be a shopping mall with, by the way, an entertainment offering. But over time, one's perception changed. Capital City -- the maiden project of Singapore-listed Capital World -- is, firstly and majorly, an entertainment hub. And then there is a shopping component. Already entertaining visitors is a "musical circus" with regular shows since it premiered last month (Aug). Another fun section -- "Cartoon Planet" targeting children -- will open in Oct along with the shopping mall. |
The entertainment focus of Capital City -- a mini-Disneyland in Malaysia, perhaps -- became more evident in a number of ways:
• Last month (Aug), in a dedicated auditorium, Capital City premiered the first indoor musical circus in Malaysia. (See: CAPITAL WORLD: Presents first indoor musical circus in M'sia)
• In January 2018, Capital City unveiled its indoor theme park concept which reflects the developer's ambition to achieve significance. (See CAPITAL WORLD: To open world's 5th largest indoor theme park)
Capital City may eclipse attractions in Johor such as Hello Kitty and Angry Bird, each of which represent one intellectual property (IP).
In comparison, Capital City has six international IPs, including Garfield, Jungle Book and Larva, and three in-house IPs.
Capital City will also host concerts, performances (such as the musical circus, which has premiered) and theatrical shows.
Capital World's CEO, Siow Fu Chien, said: "The theme park is affordable for all walks of life in Malaysia, and we are also targeting visitors from Southeast Asia and China."
It corresponded with a decrease in revenue, largely due to a decrease in percentage of completion in FY18 compared to the previous year for Capital City's retail podium component.
The mall is integrated with the upcoming 315-room Hilton Hotel. In addition, there will be 630 units of serviced suites and 690 units of serviced apartments, all of which are yet to be launched for sale. |
For the results briefing PowerPoint materials, click here.