Freezing approvals of new shopping malls will affect the economy, says PPK

PETALING JAYA (Aug 24): Despite concerns over a possible oversuply of retail malls in the Klang Valley, the authorities should not freeze the development of new shopping malls because that would further dampen the already slow economy in the country, said Malaysia Shopping Malls Association (PPK) adviser Tan Sri Teo Chiang Kok.

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Never an oversupply of shopping malls

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.

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What is the way forward for Singapore’s retail scene?

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.

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