News about malls

Despite the dark clouds hanging over the retail mall scene in Malaysia, some bright spots remain in places where the local population is growing significantly, according to Savills (Malaysia) Sdn Bhd deputy executive chairman Allan Soo.

  KUALA LUMPUR (April 16): Hektar Real Estate Investment Trust's (Hektar REIT) plan to double its assets value to RM2.

SUNGAI BULOH (March 11): Property developer KIP Group will add four new shopping malls to its portfolio, bringing the total number to 12 over the next three years.

Malls in the Klang Valley are welcoming the 2019 Lunar New Year decked in the colours of spring and in auspicious hues of red and gold.

KUALA LUMPUR (Dec 7): Malaysia’s established mall operators recorded an average occupancy rate of 92% in 2018, according to a survey conducted by the Malaysia Shopping Malls Association (PPK).

  Singapore’s online shopping isn’t flourishing, even following the launch of Amazon Inc’s Prime service in mid-2017.

Malaysians, especially the millennial generation, tend to have a special affinity for shopping malls as many of us grew up spending much of our leisure time in one of them especially the ones nearest to our homes.

KUALA LUMPUR (Sept 4): AsiaMalls Sdn Bhd may be concluding the sale of Setapak Central Mall (pictured) with global Singapore-based integrated real estate fund manager ARA Asset Management Ltd, said a report by The Star.

KUALA LUMPUR (September 3): AsiaMalls Sdn Bhd, which has been seeking a buyer for SStwo Mall in Petaling Jaya for about three years, is understood to have finally found one.

PETALING JAYA (Aug 28): The last Rock Corner music store is shuttering on Sept 2 after a 28-year run, reported The Star.