City Square seems ready to be injected into Malaysia Commercial Development Fund or CapitaMalls Malaysia Trust. In a recently completed AEI, the management has added some beauty kiosks at the ground floor and managed to revamp a huge dead end corner lot retail unit at second floor. They shrunk the corner lot and created a few beauty kiosks out of it. Brilliant. They will divest it only at the peak of the market. When is the peak? It might be before the completion of the nearby Komtar building or it will never be divested.
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