Shopping mall outlook remains healthy in a different business model
HC Chan, CEO of Sunway Malls & Theme Parks: Overall, the long-term outlook of the industry will remain healthy, resilient and robust albeit in a very different business model.
HC Chan, CEO of Sunway Malls & Theme Parks: Overall, the long-term outlook of the industry will remain healthy, resilient and robust albeit in a very different business model.
Despite the negative news, mall operators have remained calm and seen the current slow time as an opportunity for them to restrategise for future needs.
Henry Butcher Retail managing director Tan Hai Hsin believes that the shopping traffic will return gradually after the end of the second CMCO, when Malaysians get used to the current SOPs as the new normal.
Indeed, CMCO has restricted people’s movement, causing fewer people to visit the malls, but the main deterrent now is actually people’s qualms of malls’ safety, especially since the majority of the shopping malls have reported Covid-19 positive cases since end- September.
With savings depleted amid the pandemic, more families living in Kuala Lumpur City Hall (DBKL) Projek Perumahan Rakyat (PPR) low-cost flats surveyed in September have sunk further into poverty.
Datuk Chang Kim Loong: This PLS issue may open up a new can of worms as owners of freehold land will now hold on to their ownership forever for the benefit of their future generations, like the feudal system of land ownership under the colonial days where land plots are granted by lease and licence to cultivate.
Datuk Voon Tin Yow was once a die-hard lieutenant of property magnate Tan Sri Liew Kee Sin. He does not speak to the media much but we managed to talk in detail to the current CEO of IOI Properties Group about a whole list of issues.
Sunway Onsen Suites is part of a 31-acre integrated development comprising residential, commercial, retail, leisure, healthcare, hospitality and education.
The turbulent political scene in the country has added another layer of uncertainty, especially with the upcoming Budget 2021 slated to be tabled to Parliament on Nov 6.
With a gross development value of more than RM30 billion over 1,800 acres of land, Sunway Iskandar is one of the largest township projects in the country and comprises six precincts – The Lakeview, The Parkview, The Riverside, The Marketplace, The Seafront and The Capital. Each precinct is designed to be self-sustainable while offering a wide range of amenities.