2011 was a year of shopping transactions with major purchases such as Pavilion Mall being bought by the Pavilion REIT for RM2,390 per sq ft, The Gardens Mall by Krisassets Holdings Berhad at RM1,025 per sq ft, as well as the yet unconcluded purchase of Bangsar Shopping Centre. An older shopping centre - The Mall (which was bought over last year by Sunway REIT together with Putra Place for RM513.95 million) - also being upgraded.
More Johor Premium Outlet images: https://picasaweb.google.com/110957824161464689337/JohorPremiumOutlet
A factory outlet in Kuala Lumpur?
You can't put it in the city because it would be too close to what they call in-line stores and that would kill them. So the answer would be to put them as far as possible, perhaps Genting Highlands.
The wholesale market trend
This wholesale market trend came from Hong Kong and Korea and has spread to Taiwan and Bangkok. There's a place in Bangkok called Platinum that is extremely successful. And with recently completed Kenanga Wholesale Mall in Pudu, even some Singaporean retailers get their merchandise there.
Possibilities
Potential locations include Cyberjaya, Cheras, Kepong, Shah Alam and Ampang. "There is still a possibility for better quality retail in Puchong. And in East Malaysia, there are a lot of towkay balak there. There's a lot of money out there and it's still pretty untapped."
Source: Opportunities still in retail property
http://www.thesundaily.my/news/272178
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"JPO has been a sellout. For brands like Levi's, Fossil, Esprit, and many others, this is their best shop in their country now. It's better than KLCC, even on a per sq ft basis." says CB Richard Ellis (Malaysia) Sdn Bhd's managing director, Allan Soo.More Johor Premium Outlet images: https://picasaweb.google.com/110957824161464689337/JohorPremiumOutlet
A factory outlet in Kuala Lumpur?
You can't put it in the city because it would be too close to what they call in-line stores and that would kill them. So the answer would be to put them as far as possible, perhaps Genting Highlands.
The wholesale market trend
This wholesale market trend came from Hong Kong and Korea and has spread to Taiwan and Bangkok. There's a place in Bangkok called Platinum that is extremely successful. And with recently completed Kenanga Wholesale Mall in Pudu, even some Singaporean retailers get their merchandise there.
Possibilities
Potential locations include Cyberjaya, Cheras, Kepong, Shah Alam and Ampang. "There is still a possibility for better quality retail in Puchong. And in East Malaysia, there are a lot of towkay balak there. There's a lot of money out there and it's still pretty untapped."
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Entry of more international brands One major development to shake up the retail landscape is the imminent entry of several large international brands. "New retailers entering the market pose threats to locals but raise the bar for the industry," says Soo. Besides the possibility of Thailand's largest retail developer, Central Pattana Public Company Ltd, setting up a 1 million sq ft mall in Icon City, Petaling Jaya, Index Living Mall is a home furnishings store from Thailand which has just opened in Vietnam, and is looking to set up in Malaysia. There have also been revelations that brands such as H&M, Abercrombie & Fitch and Costa Coffee are in discussions with developers and property owners to open several outlets in the Klang Valley. "One of them is likely to sign up soon," says an industry source. "Abercrombie & Fitch just opened in Singapore, and there is an opportunity for them to come here. And when it comes to brands such as H&M which provides fast fashion, it is a volume game," continues the source. "So they would need spots in KL and PJ with high volumes of visitors." |
Source: Opportunities still in retail property
http://www.thesundaily.my/news/272178
