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Potentially over 700 stores closure and 30,000 employees losing jobs

Toys R Us will potentially be closing over 700 stores and 33,000 employees are at risk of losing their jobs. Full report in WSJ.com here. Please do read for some of the reasons for its closure, including the most important one, stronger competition. Whenever people lose jobs, naturally the property market shakes because some of these … Read morePotentially over 700 stores closure and 30,000 employees losing jobs

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197 malls in Kuala Lumpur by 2021. ‘Killing’ one another?

Here’s a good read about malls in Greater Kuala Lumpur. According to an article in FreeMalaysiaToday, in three years time, the total number of malls in KL would reach 197. Currently there are already 170 and 27 more are coming. When these arrive, there would be a total of 86.2 million sq ft retail space. The upcoming … Read more197 malls in Kuala Lumpur by 2021. ‘Killing’ one another?

Too many supermarkets, why Jaya Grocer still opening more?

Do you have favourite supermarkets that you go to every weekend? I am not that loyal to just one brand. What about supermarket brands that you dislike? Let’s not talk about some supermarket brands which has already lost me as a customer. Three reasons? The fresh choices are just too limited. For example, quantity and … Read moreToo many supermarkets, why Jaya Grocer still opening more?

Value still up even when transactions are down.

kopiandproperty.com was invited to MIEA’s Press Conference and Launch of MIEA Property Market Sentiment Report recently. I have a full time job, so naturally MMY the junior reporter went. Many good statistics were shared to all the invited medias. Please do contact them (MIEA) for a copy of all the presentations or if you are … Read moreValue still up even when transactions are down.

Closures ALWAYS point to ‘tough outlook’ ….

I worked at an office within walking distance to Maju Junction for over 4 years. On a weekly basis, I would drop by Maju Junction once and perhaps spending up to RM25 per visit. (Lunch, including one Boost Juice after lunch). SOGO mall is meanwhile much further away than Maju Junction from my office but … Read moreClosures ALWAYS point to ‘tough outlook’ ….

1 Utama E (600,000 sq ft NEW extension) and FULL MRT link opened

I learnt the hard way when I tried the MRT from Sg. Buloh to 1 Utama a couple of weeks ago. I had to walk for at least 500 metres I think to reach 1 Utama mall. It was 2pm in the afternoon and well, I had to cool down when I arrived. From today … Read more1 Utama E (600,000 sq ft NEW extension) and FULL MRT link opened

Online shopping to kill malls? Not during my generation, for sure.

There has been many examples of how online sales are growing while the retail sales, especially those of the malls are slowing. Another article has appeared to provide the same school of thought, that malls would be ‘murdered’ by online sales. ‘Will Amazon kill Singapore malls?’ The article quoted one mall called John Little in Singapore … Read moreOnline shopping to kill malls? Not during my generation, for sure.

90 pct occupancy for KL Eco City Mall by Q1 2018

Malls are facing difficulties? I think some are really in trouble. It’s hard to come back, usually after it starts to fail. You visit a mall where 50 percent of the shops are closed, would you visit the same mall again? The toughest part is that you will tell your friends about it and they do … Read more90 pct occupancy for KL Eco City Mall by Q1 2018

What if the stats are wrong? Look at actual signs then. 

A very prominent and capable friend who has opportunity to buy properties all over the world shared this point with me this evening. Personally, I would have bought properties in all those places that I would need to stay for a while, say couple of months per year. He asked, “What if the stats provided … Read moreWhat if the stats are wrong? Look at actual signs then. 

BBCC : Construction work started, 2021 for mall.

Bukit Bintang City Centre (BBCC) is definitely a huge development within a hot location. Okay, it was a former prison ground. That’s going to be the past and when it’s completed, after a while, the newer generation would not even remember or note that it was formerly a prison. BBCC has a gross development value of … Read moreBBCC : Construction work started, 2021 for mall.

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