Paradigm Mall targets 100% occupancy with 22 new retail outlets
PETALING JAYA (Sept 2): WCT Holdings Bhd’s Paradigm Mall Petaling Jaya aims to achieve 100% occupancy soon following the opening of 22 new outlets in the mall recently.
CapitaLand debuts asset-light strategy with third-party management contract in Changsha
SINGAPORE (Aug 31): CapitaLand Mall Asia Ltd, CapitaLand’s wholly owned shopping mall business, has signed a management contract to manage the retail component of the landmark Fortune Finance Center in Changsha, the provincial capital of Hunan in Central China.
Call for freeze on new malls in KL and Selangor
MALL owners and operators are urging the local authorities in Selangor and Kuala Lumpur to impose a two-year freeze on new applications to build shopping centres as a way to overcome the current oversupply of retail space.
Tan Sri Lee Kim Yew (Country Heights Holdings Bhd): Land is the key to accumulate wealth
TAN Sri Lee Kim Yew is the founder of Country Heights Holdings Bhd (CHHB).
Shifting attention of consumers back to offline
DUE to the rising use of smartphones and the internet, what can retailers do to enhance their competitiveness? JLL Malaysia managing director YY Lau says with urbanisation, changing demographics and consumer behaviour, shopping habits have also evolved, forcing mall owners to rethink the way they operate.
SStwo Mall up for sale
ASIAN Retail Mall Fund II (ARMF), which owns the SStwo Mall in Petaling Jaya, is believed to be seeking a buyer for the retail asset as an earlier plan to redevelop the site has been shelved.
A softer performance seen for Sunway REIT’s hotel segment in FY17
Sunway Real Estate Investment Trust Maintain buy with a higher target price of RM1.
Sunway REIT 4Q net property income grows 6.8%
KUALA LUMPUR (Aug 12): Sunway Real Estate Investment Trust’s (REIT) net property income (NPI) rose 6.
Luring customers back to the real world with Pokémon Go
Retailers and consultants approached by TheEdgeProperty.
Knight Frank Malaysia: Retail industry being held back by consumers’ weak sentiments
PETALING JAYA (Aug 11): Consumer spending remains a key challenge in the Malaysian retail industry with many continuing to hold back on purchases due to growing concerns on the rising cost of living and weaker job prospects, said property consultancy firm Knight Frank Malaysia in its Real Estates Insights research report for 1H2016.
