News about Mall

THOSE who want to have a fun outing may enjoy some retail therapy at Penang’s Design Village in Bandar Cassia (formerly known as Batu Kawan).

THE Klang Valley is facing an oversupply of retail space with more than seven sq ft per capita based on the population of more than seven million.

Rented for: RM58,000 a month (average RM2 psf) Concluded by: Roy Lim (REN 08368) of Khoo Associates Realty (012-431 1122) When: Sept 28, 2016 Noteworthy: ● Leasehold ● Located in Bayan Lepas Free Industrial Zone Phase 1 ● Built-up size:  50,000 sq ft of which 29,000 sq ft was rented ● Located about 4km away from Penang International Airport and Penang Second Bridge, 18km away from Georgetown, and 11km away from Penang Bridge.

KUALA LUMPUR (Dec 13): While the spike in Malaysian Government Securities (MGS) 10-year yield has made real estate investment trusts (REITs) relatively less attractive, analysts said the fundamentals of REITs are still intact and are still commanding a premium over MGS yields.

PETALING JAYA (Dec 10): Pelaburan Hartanah Bhd (PHB) is planning a mixed-use development in Kuala Terengganu, which will sit on a 10.

PETALING JAYA (Dec 9): Sunway Velocity Mall in Cheras is aiming for 100% occupancy by 2H2017, said Sunway Malls and Theme Parks CEO HC Chan at the soft opening of the mall yesterday.

WCT Holdings Bhd (Dec 8, RM1.

In an environment where consumer sentiment is weak and new malls are struggling to perform, a shopping centre that is soon to be completed in Selayang, Selangor — Selayang StarCity Mall (SSCM) — is attracting interested buyers, including funds and real estate investment trusts.

KUALA LUMPUR (Nov 28): Sunway Bhd’s shopping malls scored a double win at the inaugural Malaysia Shopping Malls Association’s (PPK) Best Experiential Marketing Awards 2016 held last Friday (Nov 25).

AMPANG JAYA (Nov 25): Symphony Life Bhd (formerly known as Bolton Bhd) is looking to launch two non-landed residential projects in Bandar Sunway and Taman Tasik Prima, Puchong in Selangor in 2017.