News about malls

PETALING JAYA (Aug 4): When it comes to strata living, one of the perpetual issues plaguing property managements is the maintenance fee or service fee collection.

KUALA LUMPUR (Aug 4): There is never an oversupply of shopping malls, said Persatuan Pengurusan Kompleks (PPK) Malaysia adviser Richard Chan, an opinion that differs from the general belief.

ONLY a handful of about 200 attendees at the ­recent Real Estate Developers’ Associa­tion of Singapore (Redas) property market update seminar on July 7 spent at least S$200 (RM630) in a Singapore shopping mall in ­recent months, according to a straw poll ­conducted by Knight Frank ­Singapore’s ­Wendy Low, exe­cutive director of retail, and Alice Tan, head of ­consultancy and research.

SINGAPORE (June 6): LMIRT Management, manager of Lippo Malls Indonesia Retail Trust (LMIRT), is acquiring the entire issued share capital of PT Mitra Anda Sukses Bersama (PT MASB) from its owners for 310 billion rupiah (S$32.

SINGAPORE (May 9): OCBC is re-iterating its “buy” call on Lippo Malls Indonesia Retail Trust with a fair value of S$0.

THE secret to happiness is to spend ­money on experiences and not things, says Thomas Gilovich, a psychology professor at Cornell University.

LAST year was a challenging one for the ­Singapore retail market.

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).