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[Tempatan] 120 mall sekitar Lembah Kelang, sudah ada yg operasi paras hidung!

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Post time 25-9-2017 11:47 AM | Show all posts |Read mode
Are malls dying? Not yet, but some beginning to struggle
BY A. RUBAN
Monday September 25, 2017


KUALA LUMPUR, Sept 25 — Greater Kuala Lumpur has over 120 malls and at least 10 more are set to open or launch soon.

The number is at odds with the recent exits of retail brands such as Bulgogi Brothers, Tim Ho Wan and Tous Les Jours, which cited economic challenges for their decisions.

According to JLL property management, malls remain largely resilient, citing the opening of  the Starling Mall, Sunway Velocity Mall, MyTOWN Shopping Centre and Melawati Mall in the past 12 months.

But the property firm said this did not necessarily mean the retail industry was thriving.

A combined study by Bank Negara Malaysia (BNM) and JLL showed that the private consumption of Malaysian shoppers dropped to 6.3 per cent in the fourth quarter of 2016 from 9 per cent in the first quarter of 2015.

“In certain situations, some of the malls that we track in the suburban areas may have dropped their rentals by 0.7 per cent year-on-year,” JLL said.

While rates are generally confidential, it is understood that rentals for ground floor outlets at malls in Kuala Lumpur range from RM10,000 to RM20,000 depending on the size and location.

Suburban malls charge about 20 to 25 per cent less for the same.

JLL noted that many retail centres and malls within Greater KL were struggling due to the growing density. In some areas, multiple malls are located within a 10km radius.

For example, Suria KLCC is located just across Jalan Ampang from Avenue K.

In the suburban segment, Atria Mall is located just 5km from The Starling in Damansara Utama, and less than three kilometres from Tropicana City Mall. Also in the vicinity is the 1Utama mall.


Suburban malls not doing too well

The secondary malls or malls in suburban areas, JLL said, were now registering daily footfall that is down by up to 25 per cent, especially on weekends.

Household consumption has also not recovered to levels prior to the 2015 implementation of the goods and services tax (GST), the firm said.

While there was a slight uptick in the country’s economy performance in the first half of 2017, JLL pointed that shoppers’ overall sentiment remained weak but was slowly improving.

“Although the consumer sentiment index has inched up by 4.1 points in the second quarter of 2017, it still hovers at about 80 points, which is below the desired mark of 100 points,” it said.

From the fear of price hikes to job security, JLL pointed the reasons for the weak consumer sentiment varied.

“In rural and semi-urban areas, the rising cost of living hits this area harder because the rate of wage rises and options for employment are much lower compared to the urban areas,” it said.

The success of malls, JLL said, mostly depends on the management’s willingness to inject funds every few years to revive and renew operations.

“It is also more difficult for strata malls which are operated by different owners to do a complete revamp to remain relevant and attract footfalls. Hence, there can be deterioration in the facade and upkeep of the mall,” it said.

Despite the growing competition, malls were paradoxically less willing to discount as heavily as they once did.

Business owners told Malay Mail Online that they had been offered six months of free rental and utilities in 2012, but this was no longer the case.

“At the most, we get three months’ free advertising and promotion from the mall’s in-house advertising tools,” said a marketing manager who only wanted to be known as Sofia.

Premier malls still doing well

Popular malls such as Suria KLCC, Pavilion, and Mid Valley were still performing well despite the competition, with JLL saying these were able to increase rentals by approximately 0.4 per cent year-on-year.

City Centre malls and some suburban ones, it said, have enjoyed success largely due to the ability to attract visitors, including tourists.

JLL pointed that some factors that determine performances of a mall, among others, include location, tenant mix, amenities, refurbishment and ambience.

From 2020 onwards, JLL predicts for at least three new large retail centres to come up in the City Centre.

“The retail centres are The Exchange Mall, Mitsui Shopping Park Lalaport KL and also the extension of Suria KLCC will be expected to fuel the competitiveness of retail market within the City Centre,” it said.

MIDF Amanah Investment Bank Bhd (MIDF Research) property analyst Jessica Low also expects established malls like Pavilion shopping mall, Mid Valley megamall, Sunway Pyramid and Suria KLCC will continue to do well.

“Overall, the rental rates for the malls listed above are on rising trend, albeit at a marginal level as these malls have good connectivity and are in prime locations,” she said.

Given this, Low said suburban malls may be at the losing end as they would have to face the challenges from the large incoming supply of retail spaces in time to come.

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Post time 25-9-2017 11:53 AM | Show all posts
ada sapa sini  menapak ke mall every weekend??
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Post time 25-9-2017 11:59 AM | Show all posts
dah tak berselera sgt nak jenjalan kt mall kalau takde tujuan. kalau saje2 memang takla.. slalu pegi sebab nk kena pegi specific kedai or ngidam nak makan something. and that's all. ekonomi tgh teruk, harusla fokus nak jimat berbelanja..
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Post time 25-9-2017 12:02 PM | Show all posts
jalan-jalan mall every weekend ada lah..tapi tak de la membeli pun..sekadar cuci mata dan bawak budak-budak jalan je
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Post time 25-9-2017 12:12 PM | Show all posts
rental rate pun dah kena cut utk maintain/attract tenant..too much supply compared to demand..very challenging market..me too skrg shopping online jek..pampers susu pun beli online jek..x perlu keluar gi mall lg..
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Post time 25-9-2017 12:19 PM | Show all posts
sape keje DBKL sini?...yg boss korang gi luluskan pembinaan mall2 kat KL ni nape?..patut rejek & beku permohonan developer nak bina mall kat KL ni..dah oversupply gila2
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Post time 25-9-2017 12:28 PM | Show all posts
org skrg byk juga yg soping online sbb kdg lg murah..n some pegi mall nk mkn n tengok wayang je..
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Post time 25-9-2017 12:30 PM From the mobile phone | Show all posts
Shopping Mall pergi for What? Ingat rakyat Malaysia ni byk sgt duit ke nk beli berbondong2...keperluan asas mcm bil pun lmbat byr, nak beli itu ini. Tolong lah...dr tahun lepas lg insurans Agent bgtahu byk orang Xboleh byr insurans Sb takde kerja
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Post time 25-9-2017 12:34 PM | Show all posts
kalo mall yg sendu.. both2 yg kat tengah2 lorong byk dah tutup..
lot2 aje yg masih bertahan.. tu pun satu2 dah mula tutup..
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Post time 25-9-2017 12:35 PM | Show all posts
ninjago replied at 25-9-2017 11:59 AM
dah tak berselera sgt nak jenjalan kt mall kalau takde tujuan. kalau saje2 memang takla.. slalu pegi ...

berani cakap cam ni...gi ambil pemetik api letak kat tangan
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Post time 25-9-2017 12:36 PM From the mobile phone | Show all posts
I antara yg agak rajin pergi mall time weekend,date dengan husband..window shopping jah,makan or kalau ada movie best baru tengok wyang..ummah Malaysia takde berkurang kat mall ye uolls taaaapi lambakan mall yg terlalu bnyak sampai tak terkejar nak pegi yg mana.last2 pegi dkat mall yg selalu kitorg pegi walau ada bnyak mall baru yg lebih dekat dengan rumah..
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Post time 25-9-2017 12:37 PM | Show all posts
baru minggu lepas gi PAS shah alam..banyaknya kedai da tutup..
tp jiran dia kompleks pkns ngan sacc mall tu ok plak nampak
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Post time 25-9-2017 12:39 PM | Show all posts
saladin780 replied at 25-9-2017 12:37 PM
baru minggu lepas gi PAS shah alam..banyaknya kedai da tutup..
tp jiran dia kompleks pkns ngan sacc ...

chuols maksudkan plaza alam sentral ke noks
ni zaman sinaran paspot kegemilangan or zaman senario dulu meriahle kan

pas yang meriah sekarang ni hanya PAS je iaitu perpustakaan awam selangor
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Post time 25-9-2017 12:41 PM | Show all posts
sofiazara replied at 25-9-2017 12:39 PM
chuols maksudkan plaza alam sentral ke noks
ni zaman sinaran paspot kegemilangan or zaman senario ...

aah plaza alam sentral tu la..yg kekonon zaman khir toyo dulu nak buat projek siar kaki kat depan PAS tu ala2 sunset boulevard katanya..sekali hasilnya hauk je sampai skrg
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Post time 25-9-2017 12:44 PM | Show all posts
tp mall paling lengang penah pegi space u8 kot..kesian la sape meniaga kat dalam tu..awal2 bukak ok lagi..lama2 makin suram je..tu pun hidup sbb ada panggung kat dalam tu
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Post time 25-9-2017 12:57 PM | Show all posts
jarang dah pi mall ni.....................
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Post time 25-9-2017 02:35 PM | Show all posts
bkak bnyk2 buat apa, mostly ramai yg prefer online je, nsb jela beli kt mall ttbe dri jejalan nmpk sale...
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Post time 25-9-2017 02:54 PM | Show all posts
Tgh stress2 berpanas terik kat luar

skali masuk pintu aeon mall dgn sejuk nyaman nye air cond

harum perfume automatik trus hilang stress
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Post time 25-9-2017 02:56 PM From the mobile phone | Show all posts
kecimpret replied at 25-9-2017 12:19 PM
sape keje DBKL sini?...yg boss korang gi luluskan pembinaan mall2 kat KL ni nape?..patut rejek & bek ...

Dapat duit under table setahun gaji
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Post time 25-9-2017 02:58 PM | Show all posts
aii, ekonomi tengah berkembang pun takder org pergi mall...
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