Savills Malaysia: Mall occupancy and rents in Greater KL remain stable in 1Q2020
PETALING JAYA (June 12): The average occupancy rate of malls in Greater Kuala Lumpur has remained stable, only falling marginally by 0.
PETALING JAYA (June 12): The average occupancy rate of malls in Greater Kuala Lumpur has remained stable, only falling marginally by 0.
KUALA LUMPUR (June 11): Malaysia's sales value of wholesale and retail trade plunged 36.
KUALA LUMPUR (June 10): Suria KLCC's newly revamped Ramlee Mall is set to welcome several new stores which will be featured for the first time in Malaysia and even in the world.
KUALA LUMPUR (May 19): The National Security Council has developed a new set of standard operating procedures (SOPs) for retailers to form guidelines for their operations after videos of shoppers flouting practices prescribed by the Ministry of Health (MoH) to prevent Covid-19 infections went viral.
KUALA LUMPUR (May 18): It will be a very bad year, especially for retailers who depend on the foreign tourists, The Edge Malaysia reports.
KUALA LUMPUR (May 9): The retail and hospitality sectors were among those that have been badly hit as travel had come to an almost complete halt due to Covid-19, The Edge reported today.
PETALING JAYA (April 29): The shopping complex or retail property sector's performance was stable last year, recording an overall occupancy rate of 79.
KUALA LUMPUR (April 23): Sime Darby Bhd’s plan to sell its 30% stake in Tesco Stores (Malaysia) Sdn Bhd for RM300 million is seen as positive by analysts who say this would allow the group to exit its loss-making hypermarket business.
KUALA LUMPUR (April 22): Sime Darby Bhd has inked a deal to sell its 30% stake in Tesco Stores (M) Sdn Bhd for RM300 million.
KUALA LUMPUR (April 14): Malaysia is expected to see its first retail sales contraction in 22 years at 5.