Investment GLOMAC RESIDENSI DAMANSARA [OWNERS' THREAD], Offices, Apartments, Retail @ TTDI
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 Sep 17 2016, 06:03 PM
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#1
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Senior Member
670 posts Joined: Aug 2016  
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Looking at current rate of occupancy,
GLO days are numbered... Now the group is relying on development return to fund the operating cost for mall as well as earlier committed finance charges. Within 5km, GLO, 1UTAMA, Tropicana City Mall, and Atria...plus upcoming Starling...total 5malls. |
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Sep 17 2016, 06:44 PM
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#2
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Senior Member
670 posts Joined: Aug 2016
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QUOTE(MonGJiHyo @ Sep 17 2016, 06:30 PM) jz went to Tropicana city mall a week ago and I saw a lot of major areas are boarded to make way for new tenants/concepts.. Capital Mall setting up, management team leasing team and overall marketing strategy is very very much advance than GLO Glomac staff that not been given bonus for continuously Teo years.saito college and several new f&b outlets will be opening at the new extension building of TCM.. seems like glo gonna work really HARD to attract tenants or else they will keep on struggling badly..  Many have left the job.... In term of location, accessibility and management all below TCM, I can't see any future for this mall. The only changes of surviving is wait for large REIT to buy, do extension (but can't see any changes) and rebranding.... |
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Sep 17 2016, 09:56 PM
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#3
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Senior Member
670 posts Joined: Aug 2016
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QUOTE(David3700 @ Sep 17 2016, 09:45 PM) Visited Tropicana City Mall recently, their rental rates are failing terribly also Talk about rental rate I am not sure .But last week I went there I can see the rate of occupancy is good. Even nearby office tower there is new Korean theme extension. |
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Sep 17 2016, 10:31 PM
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#4
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Senior Member
670 posts Joined: Aug 2016
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QUOTE(MonGJiHyo @ Sep 17 2016, 10:17 PM) yes.. I agree.. location, accessibility and management of TCM is way better than glo 😃😃😃 You know I know Lah... btw, how do u know glo staff have not been given bonus? u hv friend working at there ?  |
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Sep 18 2016, 05:10 PM
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#5
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Senior Member
670 posts Joined: Aug 2016
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QUOTE(stick436 @ Sep 18 2016, 03:02 PM) Glo Dsara (mall, residence, office) is still fairly new compared to much more mature TC (mall, residence, office). Yes, perhaps u may see the opportunities.The performance of the mall will be dependent on the residence and office as well. At this point, i think the residence is doing fairly ok but not so for the office. The office towers may pick up with the help of MRT once completed. Too early to judge for now IMO. Always thrust your vision...  |
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