News about malls

PETALING JAYA (April 24): Sunway Malls will be giving its non-essential retailers an option to operate shorter hours after the Movement Control Order (MCO) ends, which is currently scheduled to end on May 12.

PETALING JAYA (April 24): The Covid-19 pandemic has given shopping mall operators the opportunity to improve cost efficiency, according to three major  industry players who took part in EdgeProp.

PETALING JAYA (April 24):  No one would have anticipated the Movement Control Order (MCO) brought on by the Covid-19 pandemic, not least shopping mall operators and their tenants.

PETALING JAYA (April 24): Based on the ratio of retail space per person in the country, there is no overbuilding of shopping malls in Malaysia, stressed Malaysia Shopping Malls Association (PPK) president Tan Sri Teo Chiang Kok.

PETALING JAYA (April 24): Shopping malls in Malaysia are almost empty during the Covid-19 Movement Control Order which has been in place since March 18 and mall owners expect the next few months to remain challenging post-MCO.

PETALING JAYA (April 24): Neighbourhood malls with a high number of tenants offering essential products and services are expected to be less impacted by the Covid-19 pandemic and the Movement Control Order (MCO), than their larger and more high-end counterparts.

PETALING JAYA (April 24): Malls are now close to empty due to the Movement Control Order (MCO) to break the spreading chain of the Covid-19 pandemic.

KUALA LUMPUR (April 22): The Malaysian REIT Managers Association (MRMA) is calling for relief measures to help the local real estate investment trusts (REITs) industry mitigate the adverse impacts it is currently facing.

KUALA LUMPUR (Apr 3): Oversupply conditions in the office space and shopping complex (OSSC) segment in Malaysia have not improved.

PETALING JAYA (March 23): While the Malaysia Shopping Malls Association (PPKM) applauds Sunway Mall’s proactive move to grant free rent to its tenants from 18 to 31 March, 2020, PPKM reiterates that such decisions are entirely within the mall’s individual prerogative and circumstances, and does not represent the whole shopping mall industry.