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Investment TRILIGHT RESIDENCES @ FRASER SQUARE PETALING JAYA, GDV +RM1.7b set to transform PJ Central
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mthc
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 May 10 2015, 10:29 AM
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QUOTE(kochin @ May 8 2015, 03:43 PM) jaya one. struggling or near death. ss2 mall. already dead. jaya supermarket. struggling. got cinema help a bit. tcm. declining. paradigm. still ok and strong. upcoming. atria. no eye see. sterling mall. got some good vibes but still not sure. glo mall at glomac. i think will be tough. Np worries bro. Atria and Sterling will definitely do very very well. You should see who are the ppl managing these malls. |
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mthc
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May 10 2015, 10:38 AM
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QUOTE(Babizz @ May 8 2015, 10:43 PM) I doubt atrias capability with its horrible location but its tenant list is VERY impressive but FnB is ezy to attract la.. paradigm doing well.. Also got mahsing's Iconic City mall.. I think glo wnt do well while sterling will do ok only given too many malls in the area.. how u think Empire city ah? Atria was a neighbourhood mall back then before it was refurbished. Then most of its fnb tenants either move out temporarily to those shoplots in DJ like Esquire Kitchen, Nandos etc.. but a lot of them closed down. It was once the iconic neighbourhood mall. The mall managers are smart. They offered better and lower rental to all the fnb players. Then these fnb player start shutting down their biz and move to malls. A good example is paparich or texas chicken in uptown which is moving to atria. The rental in uptown was 20k a month. I think the success of a mall highly depends on the ones who manage it. Just my 2 cents. This post has been edited by mthc: May 10 2015, 10:39 AM |
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mthc
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May 10 2015, 10:50 AM
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QUOTE(Babizz @ May 10 2015, 10:46 AM) Yes the strategy of low rent but maintain good tenant is needed in this mall oversupply era.. u see sunwai putra asking RM40psf for ground floor prime rental when clearly PWTZ next door is coming apart.. No one will know atria low rent but they will shop/dine there cos the mall has good tenants.. with its tenant list, im very confident tht they will do OK..  not fail like those encor, ss2, jaya 1, jaya shopping etc.. Yeah.. I am really shocked with their tenants also. But the mall mangers are seriously damn good. Respect. |
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