News about malls

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.

KUALA LUMPUR (March 17): Sunway malls said it maintain operations to enable supermarkets, pharmacies, convenience stores, ATMs and clinics to remain open.

PETALING JAYA (Feb 18): It is still premature to immediately give out rental rebate to retailers affected by the ongoing COVID-19 outbreak, said the Malaysia Shopping Malls Association (PPK Malaysia) in response to the joint media statement issued by several retailer groups yesterday.

PETALING JAYA (Dec 9): Texchem Resources Bhd will close down unprofitable Sushi King outlets in the country in 2020, the Star reported today.

PETALING JAYA (Nov 4): Key industry stakeholders have raised concerns over the high rates resulting from the introduction of parcel quit rent for stratified properties.

PETALING JAYA (Oct 24): The Court of Appeal’s ruling to disallow Joint Management Bodies (JMBs) to charge different rates of service fees for different components within mixed-use developments is based on a strict interpretation of the Strata Management Act 2013 (SMA) and the Strata Management (Maintenance and Management) Regulations 2015, said Building Management Association of Malaysia (BMAM) and the Malaysia Shopping Malls Association (PPK).