Alot of vacant shop at PJ SS2 area. even business over 10 year above are closing down recently

eg
HSL circuit (bad debt),
Corner Lot Hong Leong bank,
Swenson (not renewing contract),
Italian Cuisaine Shop,
TransMobile/VCD Shop along savemart,
Duck Shop
Corner Coffee Bean Shop
Foot massage shop next to Pelita shop (Now DAP outlet)
Corner lot stimboat behind public bank change to bak kut teh recently
Yippee cup (Now Big Joe)
Seafood shop
Dfish restaurant etc,

Even have heard the professor outlet (shop selling school item) thought of dont want to do business instead of renting his shop by portion. the front portion rm8k middle portion rm 3-4k with opening at the side lane and back portion 3k also opening at the side. another miser and want tenant which is long serving rather than short one and dont want agent to earn commision oftenly. alot of business owner say what business can do by open door at the side lane except vice activities. selling item at back/side lanes must be a joke. alot of people say keep it better for yrself. That row of shop rental more expensive he say

In-coming a few more outlet (sweetheart/bubble tea outlet) will be closing as well bcos have sign contract but business bad and rental kills the business. Others will be the teo chew bak kut teh, hardware shop along macd, foot massage center, bubble teas around ss2, even chat time and other electrical shops along murni areas, seafood outlet behind previous corner hong leong bank, fook seng corner restaurant and some pharmacies were not looking too good.

Many people do gossip say give it another year or so will definately close down by then.

There is a shop selling fish head noodle, change to sell dim sum, chicken rice, bak kut teh, moving the stove in and out changing feng shui also no good. nobody makan, in time to come also closed. maintain the business bcos of contract. dont know what he want to sell later. like that do business sooner or later will ta pau

Alot of new business owners have alot of $$ to spent and lose, open/closed different type of business, but dont sustain long. even over 10 years business also closed

For Info Pelita shop Rental is up to Rm30k each month in negotiation with the owner, Vcd/mobile shop rm12k, Coffee Bean Corner shop RM17k. already few years vacant (plenty of $$) already loss few hundred thousand for no renting out cheap (stubborn/ greedy rather keep it vacant for almost 5 years)

As Survey if Rental increase alot the business will closed down eventually. even though if 5-10 years time down the road, rental wont increase, after 10 year definately will increase, what type of business can cater the for rental in time to come.

Any business owner whether in shopping complex or other area, if in time to come, if the rental increase can yr business cope with it?. majority of the profit will goes to the rental owners right

For investment wise if recently buyer buy few million shop but rental low and low occupancy is a bad investment. its is only good for owners who bought long b4 the price when up. even low rental is can sustain. some have few units just collecting rents

Property agent is so happy bcos old occupancy leaving and new one coming in and earning 1 month commision for rental for the agent. for owner is not happy losing 1 months on and off for business open /closed etc bcos 1 month rental is alot

Reconsider of buyer expensive property bcos its very difficult to rent out or sustain long.

Before a business is open need alot of $$ to renovate/rental/ deposit/overhead workers/time etc, how long do the business need to sustain in order to see profit before the rental increase again

Funny thing is for even 10 years above, alot business outlet is closing down recently. new one dont know how long it can last

if a property does not rent, indirectly is losing $$ whether more /less $$. just see how long the property can rent out and loss how much $$. Waiting for durian to drop/ fishing/ miracle

For well known Area like SS2 area, business is dropping alot and shop vacant alot do u think other further away area will be better off in time to come. Dont think so right

In order to kill a business is the rental. Increase the rental, then the business will be affected. even if yr business move to other places, will the customer follow the business, no right.

SS2 is famous for buying handphone bcos is cheap(wont get any area selling handphone within PJ distance) and food court/wet market/electrical shop/alot of banks around / murni/ big joe etc there.

Even house property rental also dont fetch price at the area. buying almost a million property renting RM1800++ for the whole house 24 * 80. for staying only not commercial.

As for the house facing the main road say can do business at yr own risk and property can sell more expensive. Seldom see people going in to the house and only often see mbpj going to saman them for doing business. plenty of $$ to spent and lose. wasting time

do u guys think property can go further is the rental dont fetch price? business dont make $$ to cater the high rental.

This post has been edited by mlpk: Apr 20 2013, 02:04 PM

Property is one of the contribution to high inflation. Property price up, rental up, price up. Consumer spending power decrease overtime as income is stagnant, then those shop cannot sustain their business as their expenses goes up but not their revenue.
Those shops where the business is good, landlord will also increase their rent, those who already made their product famous, will just move out to cheaper location. Landlord suck thumb and look for new tenant or try to duplicate the business which usually fail.
Having stayed in SS2 areas for some time, what you've noticed is not new, just that it's getting worse.

Landlord gets greedy most of the time. Have many landlord like this = business close down

Greed =

Sign of bubble lo

Most of the owner are cash rich... mostly paid up all their loan coz bought like 20 years ago?
They have nothing to lose...so just wait... more n more DSL along the road have become commercial properties. I think business owner rather rent the DSL to have own parking and also cheaper rent.

big shopping mall catching most of the consumers.individual shop / business owners need to think how to set up a different market position to avoid the competition from them ( big shopping mall operator ).

This post has been edited by skcJVN: Apr 21 2013, 08:50 AM

Cost to do business has increased each year.

Nowadays business volume counts. No volume, very hard to survive. Somemore, business is competing each other. Ts give a lot examples above are Those f&b, how many can be alike murni in ss2, village park in uptown? Typical traditional kopitiam still perform anyway compared to those upgraded versions lol.

Special services and products such as boutique, baby items shop, car accessories, windows tint shos, car workshops, fruits stall, bak kua shops, it gadgets, electrical shops, watch, still can perform as they always has loyal customers.

All these commercial centre should serve well to the nearby residents for their conveniences during weekdays and weekends. Just a lot of youngsters and families would prefer to spend more time and money in the better condition big mall for their comfort and better experience especially when our weather is extremely hot nowadays.

1 thing i noticed.

back to 10 years ago, is very hard to get a parking lot at SS2.
now, i can easily get 1, the chances is much higher compare to 10 years ago.

SS2 is saturating.

Instead of saturating, I would say more competitions in the surrounding areas. More commercial areas in pj now.

SS2 isnt happening at all. compare to up town, kota damansara, subang jaya and sunway area.
some of the shop you only see old folks (no offense) around there, young people prefer shopping complex and other comm area.

Monday night still happening
Murni also happening every nights except Monday
Food court street happening too
Anyway, it is a convenient place.

Some shops not rented out already get worried? Ss2 is very strategic & established. Population at surrounding area is huge and more terrace houses converted to commercial is a sign of expansion, not the other way around. Cannot compare the business that need a proper shop (eg. eateries) vs wedding boutiques at terrace house. Also dun compare fad food like bubble tea business lah...it's already a dying trend. Close shop oso they made back edi. U think murni or KFC or McD there will close?

malls oni open til 10pm. so traditional shops still got biz after midnigh as msian like to stay til late . now mcd, kfc etc prefer to rent shop lot not mall coz they can operate 24hrs.

kl need more f&b, bar, ktv, spa, gaming, entertainment outlets and be more biz frenly. too bad we r in muslim country so cant go too far like bangkok, shanghai.
i recalled when UE3 can operate disco, bar, ktv, snooker, gaming til early morning, the place is so wong.. cant even get a car park nearby...all the nearby food court, mamak store, saloon got so many people..but after gov close them; the place become so dead. same as life centre, desa petaling, pandan indah /perdana, kuchai enterpreneur park, danau desa, damansara utama/jaya etc... (all dead)..nowaday so many operasi raid here raid there, how to do biz?? we know they all hv no licence but who wan to operate illegal?? i think they did apply but gov dun approved (muslim country mah). look at singapore, the gov can allow bar operate til morning if u got customers n sustainable, jsut pay extra licence fee etc.. but they dun hv the night crowd like KL.. after 11pm, the town is so quite..

ss2 has alot of massage parlour, if operasi too often , they all will close shop. personally i dun think they hv no biz. i been there many times and the biz is very good til 1am.

i do hope that our gov can be more relax, cut down operasi, road block etc n more biz frenly.

luckily msia police still not so strict on roadblock, can kaotim by $..
too bad now they raid bar n ktv very often..mainly target the GRO from china, viet, thai etc..so less gals working now..really potong stim...
they shud allow this foreigner GRO to work legally in bar, ktv, disco etc, give them work permit like other foreign labours/maid.. (singapore did that)
so day time we hv males labour/maid working , night time we hv pretty female GRO to work in night outlets , haha..

if like that , i think all shop lots can prosperous n booming...this will benefits all biz...

Agreed on your first statement.

Tips: If u need to do your errand at banks in Uptown, switch to SS2 for the same bank, u will easily find a parking.

so , klang valley better become islamic sin city then all the shop owners n the gangters taico (business operators) well very happy n rich liao loh .
OTHERS BUSINESS = NO HOPE ?

SS2 needs a rejuvenation plan. The old shops need to be upgraded. The rising rental have to attract better quality but expensive tenants.

Unfortunately, SS2 demographics and purchasing power cannot catch up. Those richer youth would prefer go to Jaya One. SS2 mainly the elderly ones who definitely cannot afford cafe outlets. Even SSTwo Mall is super dead place. Tropicana City Mall is not doing well too.

Similarly in Damansara Uptown and even Damansara Jaya area. The old shops are starting to fight survivor, new businesses especially food open and close. Uptown is starting to see some trendy coffee place but luckily it has a huge working crowd there to survive, unlike SS2.

I don't think SS2 residents would agree to all the vice outlets - pokies, massage, pubs/bar, karaoke, nightclub like YES (haha), etc.



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Btw, my office is near 1 Utama... and this how it looks like on a weekday...

Empty mall experience on last Tuesday afternoon
One Utama (photos by chkang)











This post has been edited by accetera: Apr 21 2013, 11:50 AM

why has the crowd go? i notice too 1u not so jam at weekend compare those days

Normal weekdays crowds are limited to working persons. Midvalley still doing good during weekdays.

Low cost carriers like air Asia always send millions of people out from country throughout the year. They should help to send people in to our country by offering millions of free seats, this would help

so many malls exists in Klang valley now and our population spending power can't keep it up... just example, if I go paradigm usually will not go 1U at same day... or even same week as everything are same...