Someone claimed that carrefour is coming up at Bandar Puchong Utama. Anyone has more details?

http://epuchong.blogspot.com/2010/04/carrefour-puchong.html

Yup, i believe they refer to Carrefour Express. Not the real Carrefour hypermarket.
there's one very near to DHL.

i heard is opp. bus terminal in puchong utama.
open end of this year. really 'express' eh...
very reliable source from refrigeration equipment supplier.

not express. is the big one
http://putraprimapuchong.blogspot.com/

Thanks for the info. It is pretty close to my office.

Carrefour Express already open in Bandar Puteri quite sometime ago.

hahaha... good for you. how much is citipoint now? exceed 1 mil mark?

This post has been edited by mroys@lyn: Jun 4 2010, 10:42 AM

Really regret didnt book last time at shoplot there...I think it will easily up to 1.5 mil..like bandar Puteri Puchong.....from 1.0mil to 1.5 mil...500K..!!!...

Now the shop selling for RM 1.5 Million already since they put the signboard up. Hopefully Carrefour keep the plan to construct there, if not, all the buyers will regret.

I am not so sure about Citipoint, there are units asking for RM 1.5 mil. My office is opposite the road at BPU7/8/9. Not sure if the price will increase or not, what do you think?

This post has been edited by T816B: Jun 4 2010, 11:15 PM

most likely will go up. how much will depend on the future traffic movement/pattern, entrance location etc.

I just checked iproperty, shop lots in BPU3 was asking for RM 520-580K back in 2008 when I was searching for one. Now the same shops are asking for RM 1mil.

Construction of careefour are well underway already. Should complete this year end. More hypermarket for Puchong.

it's in the lestari puchong right?if not mistaken..
saw a building being built there..looks like a hypermarket..

It is reported Carrefour are selling their assets in Thailand, S'pore and Malaysia. So the chance for them to build one in Puchong is very slim now. So dont put too high hope on this

Carrefour confirmed withdrawing from Malaysia.

All its stores, especially in prime areas, will be sought after by Tesco and Giant. Potential new entries include Metro from Germany, Lotte from SKorea, Costco and WalMart from USA. There is also a possibility Khazanah taking over under a new Malaysian company.

You guys mean this one??

http://biz.thestar.com.my/news/story.asp?f...01&sec=business

Tesco among bidders for Carrefour units
By LEE KIAN SEONG
lks@thestar.com.my


KUALA LUMPUR: UK’s Tesco Plc, Japan’s Aeon Co, Hong Kong’s Dairy Farm International Holdings Ltd and Thailand’s Big C Supercenter Pcl may be putting in bids for Carrefour SA’s Malaysia, Singapore and Thailand assets, Bloomberg reported, quoting sources.

It also said South Korea’s Lotte Group was earlier approached to make a bid.

According to the sources, Carrefour has approached potential buyers and may ask for bids by early September and the combined operations could fetch US$800mil to US$1bil.

Sources said the world’s second largest retailer would consider selling the units separately as potential buyers might not be interested in bidding for all three combined.

Carrefour’s Thai business may be worth US$500mil to US$600mil, while the Malaysian and Singapore operations may be valued at US$350mil to US$400mil.

When contacted by StarBiz, Amandine Cuinet from Carrefour Group’s press office in France responded in an email that the group “does not (wish to) make any comment about this”.

A spokesman from Magnificient Diagraph Sdn Bhd, which operates the Carrefour hypermarket chain in Malaysia, said “no comment” when contacted.

According to a Dow Jones report, Big C and Tesco were interested in the Thai assets; Tesco, Dairy Farm and Japanese supermarkets were keen on the Malaysian stores; and Tesco was also interested in Carrefour’s assets in Singapore.

“If a single buyer emerges for all three countries, the deal will probably be wrapped up this year. If not, it could take a bit longer,” the report quoted a source as saying.

When contacted by Bloomberg, Aeon spokesman Eiichi Yamatani declined to comment, saying Japan’s second-largest retailer was “checking the situation.”

Tesco China corporate affairs vice president Zhuang Nanbin declined to comment on “market rumours.” Dairy Farm and Big C also declined to comment.

However, Lotte Group’s Seoul-based spokesman Lee Byung Hee said the group was not considering a purchase of Carrefour’s assets.

A local analyst said the sale of Carrefour’s units in Malaysia, Singapore and Thailand was possible as it was the group’s intention to focus on high growth markets like China and India.

She said the proposed sale was not a new development as the retailer had exited Japan and South Korea to focus on larger and fast-growing markets. The Malaysian retail market’s annual growth of about 3% to 5% was not considered strong, she told StarBiz yesterday.

China’s retail sales rose 18.7% year-on-year to US$183bil in May while India’s total retail sales are expected to grow from an estimated US$353bil in 2010 to US$543.2bil by 2014.

On the potential buyers for the local operations, the analyst said Tesco and Mydin might be interested to expand their operations, adding that Tesco had purchased Makro and might be looking to grow its business further.

Another analyst from a local brokerage concurred, saying that the sale of Carrefour’s local business was possible given the limited growth in the “quite saturated” mass grocery market.

“Carrefour might keep its assets in Indonesia given that the market is one of the high growth areas and provides huge business potential,” she said.

According to the Carrefour website, its Malaysian business registered sales of 328mil euros (including value-added tax) for the financial year ended Dec 31, 2009 (FY09), compared with 326mil euros in FY08. Its Singapore business recorded a total sales of 90mil euros (including value-added tax) in FY09, slightly lower than 94mil euros in FY08 while its Thai operations posted a total sales of 634mil euros in FY09 against 584mil euros in FY08.

Malaysia, Singapore and Thailand contributed about 4.5%, 1.2% and 8.7% respectively of Carrefour’s total sales in Asia in FY09.

There are currently 23 Carrefour outlets in Malaysia and two in Singapore.

Today newspaper Carrefour denying previous statetement.. and re-assure they will stay in malaysia.

which one to believe?

I believe the financial report.. as profit is their main driving point.

with on 3-5% growth on profit year-on-year.., compared to 18% in china and similiar figure for India, logically.. carrefour would want to concentrate on the most profitable location 1st.

babai malaysia... carrefour will change to ? Tesco? Aeon? Giant? Mydin?

I hope mydin lah..! have some ball mydin..! go expand your network..!

afterall - i didn't shop at carrefour.. - i think their product is tad too expensive for my monthly groceries purchase.

I still prefer Giant/Jusco..

Yes - Jusco on normal day.. sometime also expensive , but i like the jusco environment and aisle arrangement.., plus got sales for Jusco card member..! and also yearly point Voucher..

g'bye carrefour.! after this - Tesco turn! .. drive that jew comp. away.. ! .. (yes.. tesco is founded by a jew family... )

of course I listen to this news
http://biz.thestar.com.my/news/story.asp?f...01&sec=business

Tesco among bidders for Carrefour units
By LEE KIAN SEONG
lks@thestar.com.my

Confirm jual i think, deny won't help the local C4 to keep their business when the C4 France HQ already make decision, the one with the power to decide is rested with the C4 France not the C4 local.

actually the local C4 (not the bomb) has alot of problems.... the local partner ditched them some time ago then dono wat happen....

C4 product range aso very bad... you can see how bad issit like the cashiers dont even know got price discounts advertised in newspapers...

Long time didnt go C4 also... donnu wat to get from there... At least i used to go Tesco and Giant ... bargain buyers like Econsave

C4 confirm at BPU opposite JPN...the future bus terminal there..

The shop frontage facing LDP cost 1.5m/1.6m now...inner row (face to face) cost 1.2m-1.4m...

Opposite Puteri Inn hotel there got 2 storey face main road..launching price was 668k..now?...1m to 1.2m...really big gain..

my friend told me that carrefour might retreat their business from malaysia..true ?

C4 confirm opening 4 outlet this year according newspaper yesterday..Even C4 retreat/sold their Asia asset, someone will take over their existing hypermarket,either tesco,giant or ...in the end,it still a hypermarket there..

You confirm the 2 storey opposite the hotel is asking for 1-1.2m now (even though not ready for VP yet)? My friend must be damn happy since he bought 2 units there.

What do you think about those at BPU 3/4/5 and BPU 7/8/9?

carrefour subang i thought doing well?

the carrefour is that located at bandar puchong utama 1? Near the diamond factory there? Confirm this coming december finish built up?

Hi, C4 is on the way out. Others might be or nobody going there.

So u mean there wont be carrefour at bandar puchong utama?? what others might be?

No more C4 that for sure. But it maybe some other stores coming (not sure whom)

Hope for another jusco...

heard C4 bought over by giant ....so the new c4 in puchong utama...most likely will become a Giant...

Check www.hillcrest.com.my

It will be ready very soon.

I think this Carrefour is confirmed. The building construction has been going on and there is banner hanging there hiring people to work for Carrefour.

Carrefour abandons plans to sell M'sian, S'porean business!!

http://putraprimapuchong.blogspot.com/2010...-singapore.html
http://biz.thestar.com.my/news/story.asp?f...16&sec=business

carrefour stay!!!

A great news..!

Just to inform that Carrefour Puchong offcially opened Today 17/12/2010 exactly 6mth after the 1st pilling works in June 2010..Super fast..wondering how they get the CF approved upon completion