QUOTE(accetera @ Oct 8 2014, 11:23 AM)
IOI City Mall is expected to dominate the Southern Hemisphere of Klang Valley. Please take note of what you see today is only Phase 1. Once Phase 2 is completed in 3 years time, it will rival 1 Utama, Mid Valley Megamall and Sunway Pyramid.
Alamanda Putrajaya is doing well mainly because of first mover advantage, well maintained by Suria KLCC and positioned as a mall catering to the market segment for public sector employees.
Other upcoming malls in Cyberjaya:
1. Pan'gaea?
2. D'Pulze Shopping Centre Cyberjaya
http://dpulze.com/sm_home.html3. Centrus Mall , Boulevard and Parade Cyberjaya (including an IT Mall)
http://www.cbdperdana3.com/CentrusMall.asp4. Other retail complexes within:
- Tamarind Square
- Promenade 8
- Shaftsbury Square
- Shaftsbury Avenue
- Harvey Norman Centre (in Selangor Science Park)
- Sky Park Cyberjaya
- StarCentral with hypermarket
- CyberSquare
- VITA Cyberjaya Mall
- Roponggi Cyberjaya Retail Square
- Garden Plaza (Retail)
- The Place (Retail)
- Glomac Cyberjaya
- Setia EcoGlades Waterfront
As developer, I don't think they will take risk of going to build things that are not adviced by consultants.
Though, I sympathise with buyers but we have to know one fact: in all perspectives and masterplans, there are always "Disclaimer" so legally they did nothing wrong. There might be elements in Misrepresentation by some of the past SA, though.
Of the whole list, I see only D'Pulze, Sky Park and The Place maybe having the upperhand when completed before Pangaea Shopping Mall or whatever they want to call it now (Pissed)! But they all look like Empire Subang, Hartamas Shopping Centre, Tropicana City Mall etc. etc. all catering to the condo residents above and surrounding office workers. This is very safe and boring concept. Just look at all the retail outlets I've mentioned. One time there and you won't go back unless it's necessary. Not sure of Centruz Mall construction period, but will just be the same.
What Cyberjaya needs and there is a big vacuum now, is a high end premium Shopping Mall like Pavilion or Garden to stand out among the rest to survive and compete with all the retail outlets and malls that have been completed or are coming up. Roponggi is a very interesting concept to be launched in Cyberjaya and is just a few door steps from Pangaea and is running similar lifestyle mall. And if OSKP decide to shrink their balls and play it boringly safe, they are fighting with all the malls and retails named above for the same segment of target market. But if they remain its game with the 500k sf Gallery mall and a good portion allocated to upmarket fashion, home furnishing, designer products, fine dining, unique entertainment experiences, people from all over will flock into Pangaea. Not forgetting to mention Pangaea home buyers are all paying premium price from RM >600-800/sf premium price compared to other projects that's selling RM <500/sf. Obviously, premium owners can afford premium lifestyle.
What I see now is many developers are playing it safe and boring and building replicas of Empire, Tropicana, Hartamas malls everywhere. OSKP, if you are seeing this, you got the wrong guy doing your brand positioning. Either that, you just wanna sell sell sell and profit with no conscience!
This post has been edited by freetransgressor: Oct 8 2014, 07:14 PM