Category: Retail / Shopping / Mall News
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Too many malls mean nothing. Another RM1.6 billion one coming
On the site of the former Pudu jail, a new retail mall will be built jointly by the developers of the Bukit Bintang City Centre (BBCC) project and a Japanese real estate giant, Mitsui Fudosan Asia. Total project would have an estimated gross development value of RM1.6bil. Anything above 1 million sq ft is considered a big…
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Another new mall. Isetan’s The Japan Store in Lot 10
I love new malls. Or perhaps I love visiting new malls. I do not revisit small malls without anything special which I could not find in big malls. I think majority is like me which is the reason why the big malls are here to stay while competition continues to heat up for small malls.…
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Freeze licenses for new shopping malls? Well…
I agree with the assessment that there are way too many malls in the Klang Valley. This will be the case even with more new developments here in KL. Nope, even if I am staying in a new condo with an integrated mall, it may still NOT save the mall especially if the tenant mix is…
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Retail growing by 5.9% with celebrations
When retail numbers for KL malls are good, KL property sales numbers should drop. Why? Well, if we have spent everything we have on retail therapy, we would have nothing left for property, right? Haha. Please do not take this humour seriously. My personal belief is that sentiment remains key to market recovery, by far…
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Two more huge malls opening in Cheras
Seriously, how many malls do we need in the Klang Valley? Or specifically within Cheras and both are ONLY 800 metres away from one another? Should we even buy KL properties due to new malls these days? Well, two more coming up in Cheras and they have over 2million sq ft net lettable area (NLA)…
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Retail Malaysia? Still growing lah, moderately.
I do not believe retail Malaysia is on a downtrend. It’s consolidating. Bigger and better malls are attracting bigger and better crowds. Smaller malls or retail spaces are slowly dying. On an overall basis, the numbers are still growing. Read here: Higher end retail still okay? Growing 3-4% Anyway, many colleagues disagree even though many bought new…
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LaLaport mall from Japan in Bukit Bintang City Centre by 2021
I read in Nikkei Asian Review that Mitsui Fudosan will develop a nine-storey, 45 billion yen (RM1.6 billion) mall in Malaysia together with Eco World Development Group and two other local partners. This will be its biggest project for a commercial facility abroad by a Japanese real estate development and it will be a LaLaport…
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Higher end retail still okay? Growing 3-4%.
Actually, it’s quite easy to know if the economy is well or ‘sick.’ Look at retail. When we look at retail, we can look at malls. Read here: Seriously, when there are just too many malls As we may have noted, many malls are today struggling. So, should we conclude that the retail is bad? I…
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Ikea Cheras? Not for me, Ikea Damansara I love you more.
Before I start, read my earlier article about IKEA. Here: My favourite store, whether or not I am renovating My brother-in-law from Penang visited me here in KL and said he wanted to visit IKEA Cheras. Great idea since I also wanted to visit it too. Many have informed me that the jam is pretty bad…
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LuLu and Malaysia, RM 1.3billion investment for retail
Another new comer into the hypermarket scenes coming. Yes, perhaps this particular segment install full of growth potential. Anyway, it’s also survival of the fittest. Look at the few brands which has already changed hands or name. It’s not easy. Margins are low as well. LuLu Group, the owner of the largest hypermarket chain in the…