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Ipoh too many malls liao, true or not true?

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Ipoh too many malls liao, true or not true?

If you are staying in Ipoh today, you would know there are generally two malls which is full of people on most days. Aeon Kinta City and also Ipoh Parade. Both are no longer looking very new but both has continued to attract sufficient interest and both continue to have lots of interest and it’s not easy to get a car park space during the evenings. Perhaps Ipoh people just love to enjoy free aircond?

Let’s not compare them to Mid Valley Megamall or 1 Utama if we have some logic yeah. Ipoh is a second tier city with 842,000 population while Kuala Lumpur has 8.8 million population! This is 10x larger than Ipoh yeah. So, when the below article was posted, a ‘clever’ friend told me that Ipoh already have too many malls, why build another mall?

Article in kopiandproperty.com: Sunway breaks ground for RM1 billion, largest mall in Perak

  • RM1bil mall is the latest addition to Sunway City Ipoh components comprising theme park, hospitality, healthcare, education, residential and commercial
  • Developments in 1,350-acre integrated township expected to generate thousands of jobs, spur tourism and economic growth in the state
  • Further RM4 billion in GDV underway to expand Sunway City Ipoh with a world-class hospital, a regional education hub, a brand-new hotel and a state-of-the-art convention centre

Read here for the full details: Article in kopiandproperty.com: Sunway breaks ground for RM1 billion, largest mall in Perak

The better mall always win and that’s a benefit to everyone

I do not wish to only shop at two malls in Ipoh. I would hope that this new Sunway City mall to be a serious competitor to these two existing malls in Ipoh. I would not mind to drive an extra 5 minutes to go to the RM1 billion Sunway mall here in Ipoh yeah. In fact the better mall always win which meant that if Sunway did not do a good job, then naturally people will continue to just visit Aeon Kinta City and Ipoh Parade.

However, if they do a great job, then it meant that both Aeon Kinta City and Ipoh Parade would just have to up their game or they will have to leave the mall market or lose a lot of their existing customers. This is definitely a good news for Ipohans and even the new visitors who will come to Ipoh as a tourist too. Come, come, the more the merrier. Time for even more vibrancy here in Ipoh.

To that ‘clever’ friend, you can choose to ignore the new mall or we can visit together. Coffee on me!

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Charles Tan The Founder The Writer Kopiandproperty
Charles Tan

Charles is Founder of kopiandproperty.com He writes from his investment experience for the the past 20 years in investments including property, stock, unit trust and more as well as readings and conversations with many property gurus in the industry. kopiandproperty.com is an independent property blog which is not affiliated to any media company, property developer or even real estate agencies.

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