News about malls

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).

SINGAPORE (Nov 16): Dark clouds are gathering for Singapore real estate investments trusts (REITs).

Maintain neutral recommendation with a target price of RM1.

SINGAPORE (Sept 22): DBS Group Research has upgraded CapitaLand Mall Trust (CMT) to “buy” from “hold”, with a marginally higher target price of S$2.

JUST last week, Perda City Mall in Bukit Mertajam, Penang, suddenly shut down after a mere 18 months in business.

PETALING JAYA (July 27): Developers need to change how shopping malls are developed to incorporate experiential engagement with consumers, Knight Frank retail consultancy and leasing associate director Rebecca Phan told TheEdgeProperty.

MALAYSIAN real estate investment trusts (M-REITs) may soon be allowed to put as much as 15% of their total assets into development projects and vacant land for development and are already positioning themselves for the liberalisation that is slated for the end of the year, industry sources say.