Singapore Retailer Mustafa Buys Part of JB Mall

1 min read

Mustafa, the popular Singapore retailer with a vast variety of goods and food, made a move to start its flagship business in Malaysia after it bought over part of a JB mall.

Singapore Retailer

Reports from Singapore say Mustafa, known for its namesake 24-hour mall in Singapore, will purchase 591 unsold retail units in Johor Bahru’s Capital City Mall. The RM368 million (about S$114 million) deal also includes 374 accessory parcels, comprising alfresco and multipurpose areas and all 2,181 car park lots.

Mr Mustaq Ahmad, Mustafa’s managing director, said the timing was right for his company to enter the Malaysian market. “One of our key challenges until now has been finding an appropriate site. Capital City Mall meets many of the requirements for our first flagship store in Malaysia, given its close proximity to Singapore, ample floor area and ideal floor plates.”


Read More News @LatestMalaysia

Netizen Claims It Cost At Least RM 5,000 For Funerals

This netizen tweeted that her best friend has saved enough money for funeral arrangements in case anything happens to her. MORE

More Pictures

Singapore Retailer
Singapore Retailer Mustafa buys part of a mall in JB

Leave a Reply

Previous Story

Will KJ join PKR? No Way, Say Internet Users

Next Story

Crocodile Returns Body of Boy to Parents

Latest from Blog

0 $0.00
%d bloggers like this:
Verified by MonsterInsights