Malls need to reinvent themselves
The Covid-19 outbreak and the subsequent implementation of the Movement Control Order (MCO) on March 18 until the Conditional MCO on May 3 have caused a drastic change in the lifestyle of many.
The Covid-19 outbreak and the subsequent implementation of the Movement Control Order (MCO) on March 18 until the Conditional MCO on May 3 have caused a drastic change in the lifestyle of many.
The Covid-19 Movement Control Order (MCO) had been eased into a Conditional MCO until June 9 (at the time this article was written), allowing most retailers to resume operating including in shopping malls, but it is clear that most people remain wary of visiting such public spaces.
KUALA LUMPUR (May 9): Loss-making Pegasus Heights Bhd, which is involved in leasing out commercial properties, has postponed its plans to expand its new F&B business and revamp its Seremban shopping mall in light of the Covid-19 pandemic.
The once-crowded shopping centres in the country lie quiet and almost empty as most business operations have been halted since the start of the Movement Control Order (MCO) period on March 18.
The once-crowded shopping centres in the country lie quiet and almost empty as most business operations have been halted since the start of the Movement Control Order (MCO) period on March 18.
KUALA LUMPUR (May 7): The Ministry of Health (MoH) has detected a new cluster of Covid-19 cases at a Cheras mall here, involving security personnel.
PETALING JAYA (May 1): The Malaysia Shopping Malls Association (PPK) is calling for the enactment of the Covid-19 Act purportedly to protect businesses and jobs to protect both landlord and tenant in genuine situations with no abuse for a “free-ride”.
KUALA LUMPUR (April 30): CapitaLand Malaysia Mall Trust (CMMT) has committed to RM35 million in rental relief for shopping mall tenants in non-essential services during the movement control order (MCO) period.
PETALING JAYA (April 29): The shopping complex or retail property sector's performance was stable last year, recording an overall occupancy rate of 79.
PETALING JAYA (April 24): Sunway Malls will be giving its non-essential retailers an option to operate shorter hours after the Movement Control Order (MCO) ends, which is currently scheduled to end on May 12.