saw a few units were on sale in iproperty.....is it worth to buy? Do they still has the crowd like those days?

* Lower Ground got few units at 621 sf from RM6.1m to RM6.3m, ROI from 5.1 to 5.5%
* Ground Floor got few units from 320 sf to 527 sf at from RM3m to RM3.3m, ROI from 2.8 to 3.6%
* First Floor 338 sf at RM1.88m, ROI 4.1%
* Second Floor got few units from 338 sf to 690 sf from RM1m to RM6.4m, ROI from 4.7 to 5%

Most super prime or super hot commi are not bout initial roi. Its the cap appre tat matter the most in long run. Hence holding power is important in SW.

This post has been edited by ManutdGiggs: Apr 11 2013, 09:41 AM

Agree with Giggs boss ... ROI is not the utmost important in prime commi, but cap appreciation and quality tenant with repayment.

U dont know why suddenly got so many on sale??

If you wanna invest in Sungai Wang, keep an eye of any upcoming catalyst. That is what I would do, find a reason to invest in it.
But also you must study the risk associated with it. Sungai Wang may or may not be able to keep its position. The Pavilion side now is thriving and may take your business. Furthermore there are many upcoming new malls.

One problem I see for Sungai Wang is the lack of main person managing it. A place with a strong single manager tends to do better than those with many individual owners.

Ie. 1 Utama, Midvalley, Empire Subang > Berjaya Times Square

This post has been edited by Lcsx: Apr 11 2013, 10:23 AM

Agree with you. Thanks for sharing.

Not sure.....bcoz of pavilion?

Cashing out on high valuation. Several years ago, Capital Land offered about 4M on average to buy out the whole block but unsuccesfull. The crowd is still there, mainly foreigners. Surprisingling "Ong" after so many decades.

This post has been edited by KLsooner: Apr 11 2013, 12:45 PM

Haha...u sure?..Dont take our friend to HOLLAND"

Today marked the official moved out of Parkson from this mall.

Buy now and pray some cash rich developer will biy out the entire complex.....demolish and rebuild

By the way what happens to the bb plaza next door?

Parkson had moved out from this mall?

Yes all gone and empty

They put a notice on the roller shuttle, but I did not take a photo of it and they are packing all the stocks and moving out.

Besides that, some other shops also closing down too.

I wonder what capita land management going to do to fill hp those empty lots. Parkson moving out is probably one of their biggest tenant going out so far

better to demolish and rebuild the whole place with new concept...

then it's would be BBB

Shopping mall needs to remodel to keep up with competitions, demographic change, etc. As sg wang is owned by many, couldn't adept to change will be left behind by the market.

How about Fahrenheit 88 ?
Even remodelled, refurbished and renovated, still cannot do well, some tenants also left already.

Need to demolish and rebuild lah...

Cannot change bottle dun change wine....

Low ceiling dodgy parking unfriendly lots.....tak ngam with vision 2020 jor

the lot size is too small to build any meaningful mall to compete with the closet premier mall such as pavilion now. they have tried renovated a bit in recent years, carpark is upgraded, torn down the wasteful water fountain on the lower ground floor, gotten rid of the old toilets, launch a premium food court similar to lot 10 etc. but business is just keep getting worse and worse until key tenants moving out one by one. at this point it is hard to imagine how to draw crowds into this mall. maybe they will have to wait for bb plaza to be rebuilt first.

Haiz....kul will never be like orchard road ..

After pavillion want to visit another mall also tak boleh....the rest of malls either too rich for my wallet or empty malls with nothing u need and want to get.

Cant wait for lalaport n lend lease to start operating.

This post has been edited by BEANCOUNTER: Feb 26 2018, 09:36 PM

This BB plaza gonna be big?

they have been trying to get new tenants and refurbish the mall, but then i still dun see any improvement out of tis plan~ existing tenants have grand sales all yr round too~ i really wonder how's their ROI though.. n wats their rental fees? im seriously curious of how they can survive..

The only likely opportunity for sg want to redevelop is forced acquisition like ampang park or sold for the price of land it rested on.

This post has been edited by icemanfx: Feb 26 2018, 10:28 PM

The energy is too stale already, small scale of refurbishment difficult to renew it.

is sg wang gonna end up like ampang park soon?? hmmm...

They need to create a theme and rebrand the mall into something which is not found in the vicinity.

It looks like they want to gather and build up theme based on game, anime, hobby etc.

But better don't end up like the complex besides Kota Raya.

Wow.. I was there last week.... Saw Pakson operating but didn't realize the moving out notice.....

Wat complex beside kota raya?

Surprisingky pertama still standing....

Locals use to hang around here... a place they grew up..but will inclux of migrants n arabs in BB...locals no longer like it..better buy from neighborhood mall

The management will give 80% discount off the rental to keep tenants, even with that some tenants cant even survive

Wisma 星马

I thought sinmah is inside or part of kota raya, no?

Mall is too old with weird layouts. Best option is to demolish and rebuild.

Saw some artist impression on the BB plaza land, a new mall and service apartment but so far only a pile of rubble and the emptied yayasan selangor building is still standing.

i am shock that Sg wang still can get RM6 mixed rice @ 2018

next to kotaraya is sinar kota, occupied by metrojaya in the very beginning, now mydin?

i used to hang out in sg wang, kotaraya n pertama during school days, i still patron sg wang from time to time, due to nostalgia, but now getting harder to find things to do or shop.

the most recent activity why i was in sg wang is due to some small concerts, and also dinner at u village. most of the time, just pass by when i wanna visit lowyat.

i was told the rooftop curry laksa is very nice, n cheap.

haha yeah... probably the only good thing left there... affordable lunch

yeah..
affordable food available..
the only good thing there

Glory days of Sungai Wang are gone. So is Times Square.

Now the ones that are happening are those mid mid/high like Sunway Velocity and so on

No, different, the side mall is at the junction, shared with Wisma Fui Chiu.

same like maju junction parkson? sudden closure or close with very short notice?

wao.. really cheap

people dont go to sungai wang anymore, even bukit bintang is boring...only those banglas, indons, myanmar, nepalese, pakistani hang around there...

http://www.epbt.gov.my/osc/Proj1_Info.cfm?Name=669704&S=S

Concorde oso habik

Bkt bintang area is mostly tourist...
And yeah.. Those people u listed are there too..
Nowadays mos would like to go MV or 1U 😁

i am curious y tourist dun go to mv n 1u, sg wang shd resuscitate into a tourist focus spot. perhaps not so high end one, or they did but not that success?

Well I guess not much exposure compare with those malls in Bukit Bintang like Pavilion 🙏

U know those who come Malaysia.. KLCC & Bukit bintang is must visit place.. That's also what Tourism Malaysia promo.. Also those beach / cristal clear sea off Sabah... 😁

Malls now thematic play...tourist go lowyat for IT & phones...Pavillion for brands....Sg Wang...huh? Night market? Local brand? Food?

There are plenty of tourists in mv n pyramid.
The hotels in mv full of tourists.

Go one U and then? Nothing much to do after that. Klang Valley shopping too scattered. Should do like Bangkok. Siam area shopping malls more than KV all shopping malls combined. That's why Bukit Bintang area needs more mega malls! Build and they will come!

Somehow i dont find shopping malls in bkk very attractive ..

Orchard road is diff story.

there's reason why it's not like Bangkok..

the planner have different idea...

they don't want direct competition..

just Imagine say MV, Suria, Pavillion, & 1U all in 1 area.. which one would survive / have more crowd?

Bb was supposed to be shopping precinct......some 30 to 40yrs ago.....

sg. wang days are over...

SG Wang must be redeveloped..
Without proper planning.. Sure die / close shop.. Much worse...

The problem is strata title, required 100% owners to agree.

Went there few days back. The whole mall was almost empty lol

Can't really redevelop.

The way they are have been like this for decades. I always feel that small shops with low ceiling are their uniqueness, but sadly 1Shamelin copied their concept and now the whole mall has been empty since its opening lol

A funny thing is, I found out now lalazai and lalamui are much lesser compare to my time decade back lol. Probably they are one of the reason why TS and SW's business not as heng as last time

This post has been edited by Quang1819: Mar 3 2018, 12:18 AM

bb is the center of golden triangle; the location, location and location of property investment as peached by most if not all property guru. it seems location, location and location alone is not enough to ensure appreciation or sustainable return.

a myth busted.


This post has been edited by icemanfx: Mar 3 2018, 12:37 AM

Redevelop meaning the whole building need to be tore down and rebuilt.. there is nothing unique about low ceiling, it being a dead mall now shows there is nothing worth keeping it's uniqueness

This post has been edited by selinix: Mar 3 2018, 12:34 AM

Low ceiling was to save construction cost and air con running cost.

Doeant matter if sg wang cant survive but the land cost is not cheap.....location x3....wont go wrong.

malls with low ceiling doesn't really appeal to people nowadays.. and surprisingly 1 shamelin still can survive till today..lol

A Big Maze mall with cinema

Yeah. I wonder how that Y&Y still operates it after so many years. But it's a good thing that the mall is still running. Else that piece of land confirm sell it for condo blocks

Really cannot brain with the low ceiling thingy...

As for the lala crowds.. They go different place now...

Probably the mall owner was a regular to sg wang, found sg wang was busy for over 30 years. Hence, insisted to follow.

This post has been edited by icemanfx: Mar 3 2018, 01:02 PM

different era heng different thing lah.....

even landed....dulu landed houses with more than 1 bathroom is luxury jor.

One or two months ago, when l visited Sg Wang, both KFC and McD located were no longer there. These two restaurants used to be located next to each other.
I asked around, no one seems to be able to provide a consistent answer.

McD has move out long ago. KFC is still around

Hehehehe
As time pass by..
The old things changes..

How about the mix rice on top floor?

Didn't go there often but still see some mix rice stalls...

The rm6 one right..
I think still surviving.. But not long 😁

where do Lala go now? Times square ah?

Time square middle easterners rite?

Never went beyond ground floor on time square......

Maylan owns Cheras Sentra.
Capital lan owns also Tropicana Siti Mall..

wow! n how did u get tis info?

I know a couple of people who runs their business in this mall. Just hang around and ask some business owners there, you probably can get some information also or they probably going to tell you how long of a contract they have left and can't wait to get out from the mall

This post has been edited by selinix: Mar 4 2018, 11:58 PM

so relating back to the question prompted on this thread, do u still think tat this person shud rent a lot in sg wang? guess not right? since u mentioned tat lots of them aso cant wait to get out from the mall

Whether the person should rent or not is depending on a lot of factors. Location? type of business? tourist/locals? operating expenses?

Most of the tourist business are still surviving couple with the lower rental rates now.

cheras sentral.. another failed mall waiting to close down..

heard Tropicana biz has becomes worse.. many tenants had moved out..

did they say where they plan to move after contract ends?

Mari-mari. Lelong units available:
http://www.lelongtips.com.my/search/Sungei%20Wang%20Plaza

http://www.cmmt.com.my/portfolio_overview.html

90.9% committed occupancy rate as per 31 dec 2017? Seriously

problem is none of the mega malls gonna survive if someone concentrate building them at bukit bintang area. because other malls in other areas gonna divert most of the crowd away. they will need to force closure of most of the other malls first, left with those successful one like Mid Valley, 1U and Sunway Pyramid. but of cos that can never happen.

actually the downfall of sungai wang really begun when mrt started and shut off the bb plaza entrance. ironically mrt was built at this location with the golden triangle as main focus, supposedly going to bring in huge crowd when completed. but end up both bb plaza and sungai wang ended up dead and in life support when mrt became operational.

before that sungai wang still had a thriving businesses with all kinds of shops and vendors operating there. now bookshop closed, mobile providers all moved out, all "video" shops gone, most of the food courts on 2nd and 3rd floor which used to thrive there had shutdown, the themed shopping area on 6th floor was gone, kfc and mcdonald moved out, and more than half of other tenants such as hush puppies, delifrance etc had closed shop for good.

Waiting for contract to over

agree~~~ tats y im still towards the idea of not renting nor investing on tis project to the person hu asked us for advice(s) one.. my reply wud surely b - not to get it.

Not sure how to get the 90.9% figure out, but clearly when you pay a visit even 80% is questionable

Just to make the books look good..
Those didn't visit would surely be happy see the good percentage written 😁

KFC is close for renovation, they are re-opening back

Also, notice the independent valuation (done last year) of SWang(FH) is lower than the Mine(LH at golden triangle location) .....How come?

CMMT didn't own 100% of Sungai Wang. They just own about 60% of retail space.

So their committed occupancy rate of 90.9% is only calculated based on the 60% retail space?

Yup of course

The other lots are stratified. Which pose a challenge during maintenance, marketing etc.

This is the same issue faced by the summit.

the one with almost full occupancy rate is pavilion, klcc, mv, 1u, s.pyramid, lowyat, n surprisingly ioi mall n citymall is also quite good, velocity not too bad.

i still think sg wang is at one of the best location, just a matter of strategy n good mgt?

https://www.thestar.com.my/business/busines...-mall-strategy/