collected keys today. was told that secret recipe, 7-11, red lobster etc starting reno in april

yep u r right.
ur unit is residence?

Led lobster in msia serving subpar food n shops already closed down. Wont last long la this outlet.

yup, their kota kemuning gamuda walk outlet tapao in less than 6 months.

yeah residence in tower 2.

agreed - red lobster sucks

u buy for own stay?

Don't thinking so

nope, to rent out.

well thats what i was told..so just wait and see.

same day with me

am not sure what money spending group that this icon city is targeting for their retails.....

secret recipe seems to open everywhere....

but they never managed to attract my attention to dine in....

these days I also don't go to papparich and oldtown lioa...the novelty has worn off

Secret is on a serious decline in biznes.. Oldtown is slowing down too but more reasonable option compared to secret. Secret has very low franchise fees n startup costs.

They need to have better plan for the tenant that they going to lure in to the Food Street. Like ASEAN Food Street, where they get in some of the most famous local food restaurant of each ASEAN country into here, then it will be an attraction point for people to come in. If just KFC, McD, Secret, Pizza Hut etc, then it just another normal eatery place

secret's food is very expensive and the portion is small.. and yeah they can be found almost everywhere.. lol

oldtown's food's taste is getting worse and notice their biz really slow down a lot.. saw an outlet where the staff are busy chit-chatting because of very less people even during lunch time..

It takes load of efforts, commitment and investment to lure in good eatery e.g. malaysia food street at genting highland. unless the developer is the mall owner, all these could be only a lip service to lure in buyers.

most local franchisor select prime and strategic location and leave secondary or sub-prime to franchisee. franchisee's ability to sustain in subprime location is shorter.


This post has been edited by icemanfx: Mar 30 2017, 10:54 AM

Plenty of so called integrated development where developer will just sell almost everything including retail, and leave all the buyers in a lurch when completed.

What is the point to claim that a development is integrated but the developer is not retaining the retail and spend more money to make the retail a success?


With today's retail market, almost all retailers are looking for capex in order to open in malls that are semi successful, what more in a new unproven mall.

Developer has the first pick of cherry. if retail units could yield good rental, developer would have kept to sell to reit later for higher profit and possibly at zero rpgt.

This post has been edited by icemanfx: Mar 30 2017, 02:27 PM

thats why im very careful on selecting development now. if the developer keep the retail shops, its a good hint that they will spend extra effort make it successful as this is their asset (apart from empire city lah LOL). unlike icon city, now MS can wash hand and move on to other project.

That's the good thing about MEH (maybe the only good thing)... they keep the retail portion for them to manage themselves...

From my scant memory... I didn't recall where and which project TMS will retain anything. In the past... TMS all projects are small and with very fast turnover. They will complete and sell everything (aka wash hands) project and move on to next. Just look at their signature first project Aman perdana.