News about Mall

KUALA LUMPUR (Feb 28): Jaks Resources Bhd slipped into the red with a net loss of RM24.

KUALA LUMPUR (Feb 23): The retail mall market is expected to take three to four years from now to improve as more malls open in the next few years adding to the oversupply in retail spaces, said Savills (Malaysia) Sdn Bhd managing director Allan Soo.

PETALING JAYA (Feb 17): The outlook for the retail sector is expected to remain flattish this year due to multiple negative factors, said Savills (M) Sdn Bhd managing director Allan Soo.

KUALA LUMPUR (Feb 13): Shopping malls in Malaysia currently operate in an environment of high operating costs amid lower consumer spending, according to a latest survey by the Malaysia Shopping Malls Association (PPK).

THE Employees Provident Fund (EPF) has scrapped its plan to buy Quill City Mall in Jalan Sultan Ismail, Kuala Lumpur, from the Quill Group of Companies as the shopping centre has not met the preconditions stated in the sales and purchase agreement (SPA).

IGB Real Estate Investment Trust (Jan 26, RM1.

CapitaLand Malaysia Mall Trust (Jan 25, RM1.

KUALA LUMPUR (25 Jan): IGB Real Estate Investment Trust’s (IGB REIT) net property income in the fourth quarter ended Dec 31, 2016 (4QFY2016) rose 13% to RM91.

KUALA LUMPUR (Jan 25): The downward pressure on rental in shopping malls will remain in the near term as more shopping space comes into the market, according to Low Peck Chen (pictured), the chief executive officer (CEO) of Capitaland Malaysia Mall REIT Management Sdn Bhd (CMRM), the manager of Capitaland Malaysia Mall Trust (CMMT).

SINGAPORE (Jan 24): By many accounts, CapitaLand Mall Trust is beginning to buckle at the seams amid the sluggish retail environment characterised by slow tenant sales and low shopper traffic.