Really? Switch to Paradigm mall?

Good la. I can finally go to 1U. Tired of many2 people.

actually shops better to have 2 types of crowd; day and night lah.

KL has too many shops that oni wong in day time but dead in night time. this is not good to the econ. look at Bangkok, HK, Japan, Shanghai, New york etc these cities are so vibrant during day n nite. (surprising Sg is so dead at night)

Anyway, i like Bkt Bintang area, so busy day and night. we need more areas like bkt bintang.
when i invest in shops i will look at the nite crowd too..

up town is extremely hard on parking....nightmare for driver.
but it also mean that up town biz are very good.

i work at SS2, a lot a lot of restaurant open and shut down in few months time.

Even though if SS2 location is the most strategic place in pj and is not doing well and other places like damansara, uptown, taman megah/ mayang will be even worst.

As can see damansara/uptown shop lot business is like dead. open or dont open for business also can. The shop size is even smaller (very cramp) compare to ss2 shops and the rental is high. In fact is not a good location. Even though uptown have alot of business center and upcoming condo, but is very expensive to buy or rent. For workers there, can they afford it. expatriate just forget it. That area have nothing happening besides alot of closed/open business shop and traffic jam. Everyday mamak, nasi lemak, macd, fast food. kfc, starbuck, bubble teas etc also scare. In fact nothing at all in uptown. Open more car park will be much better business and also ease the traffic jam daily. Will be a glut in time to come. Damansara and uptown area is very small and cramp compare to ss2 area bigger in size

Not cheap for daily expenses in Uptown. even have many business center alot will drive to ss2 to makan just a short distance bcos more cheaper there.

Just like damansara shops, business like half dead. whatever business also die. try open and see.

For shopping in time to come will increase rent as well and renovation cost will also be a burden and have to be contractor from the management as well.

Even how good the business is, the bottleneck will be the rental that kills it. Increase and increase rental yearly or alternate years by the owners. if the business good , increase more else shift to other place. owners dont care

Better buy the shop lot if the owners wants to do business for a long time/decade else in time to come will be in a problem of renting and will be shifting all over the place. further and further away. can anyone guarantee if a business shifting from one place to another, will it be affected or will customer follow the company (for not franchise business). Daily every where traffic jam also afraid of traveling far and finding parking. even short distance take an hour to reach.

The problem is the property price increase but rental cant increase.

Never change feng shui when yr business is good or else will be looking for trouble

BUSINESS RENTAL DO KILLS ALL IN TIME TO COME.

This post has been edited by trader888: Apr 21 2013, 01:55 PM

From the current trend we can foresee what will happen in the future. Despite with current shops and mall can causing such an impact to the businesses, imagine what will happen as the past 3 years heavy launching of projects consist of new malls, condo with commercial below and new shoplots will cause the rental value once all these units completed?

Just a word, bubble is imminent. We do not know when but the sign is clear...

not a good sigh to invest in shop lot !
but ,
who will die first ; shop lot business operators or shopping mall business operators if our country economy down ? -the term n condition for tenancy in the shopping mall even tougher .

The following are the retails coming soon:

* Ativo Plaza and Damansara Avenue has a planned retail centre (Pending)
* Plaza Arcadia, Desa ParkCity
* Empire City
* Empire City II (Pending)
* Empire Damansara Retail Street
* The Strand Mall Kota Damansara - opening later this year with TGV and Urbanfresh as anchor tenants
* Tropicana Gardens Shopping Centre
Sunway Giza
* Sunway Nexis Shoppes and Cascades Retail Plaza
--- Aeon Big (Carrefour) in Kota Damansara
* Avenue@D'sara Street Mall Retail, near Kota Damansara
* Tropicana Avenue Retail Plaza
IKEA and IPC Shopping Centre
The Curve, e@Curve and Curve NX
* Nucleus Damansara Shopping Gallery (Pending)
1 Utama Shopping Centre - world's top 10 largest mall in terms of GLA
Centrepoint@BU
* Uptown Shopping Centre
* ATRIA Shopping Gallery - has a cineplex
Tropicana City Mall
SSTwo Mall
* Glomac Damansara Retail Mall (Pending)
* Glomac Centro shoplots
Paradigm Mall Kelana Jaya
Parklane Commercial Hub shoplots
CITTA Ara Damansara
* The revival of NuJiaZui (Pending)
--- A new TESCO Extra in Ara Damansara
* Icon City PJ has a planned shopping mall (Pending)
* F&N City Sec.13 PJ has a planned retail centre (Pending)
* Pacific Star Retail Mall
JayaOne - extension opening later this year
Jaya33 - extension opening later this year
* KHSB has a planned retail centre near Asia Jaya (Pending)
* Pinnacle Petaling Jaya Retail Mall
* PJ Sentral Garden City has a planned retail centre (Pending)

This post has been edited by accetera: Apr 21 2013, 05:42 PM

spending power decrease, how the business survive while the become competitive and rental keep on increase. bubble

malaysian spending power keep on increase, who told you decrease?

wah how u measure? no matter how I see it's keep decreasing..

tgv gsc ticket price keep increasing, even the popcorn also the same. did you see people stop watching movie? (beside those pirates)
those Taiwanese milk tea which about rm4-10, did you see people stop driniking?
toyota honda price keep going up, vios and city increase few k every 2-3 years, did you see people stop buying?
those cafe that selling nasi lemak for rm10, coffee for rm5, did you see people stop steping in?
last time mamak always full, steven corner are super crowded at night, now people prefer cafe that come with aircorn and wifi and pay triple the price.
last time mobile phone that cost above rm1000 consider expensive, now people buy iphone galaxy every year.
last time rm300K condo consider over price, now 500K people grab it immediately. landed that below 1 mil all fully sold at some location.

buying power decreasing??? you are kidding.

kawan.. that one is referring to spending power decreasing.. not increasing... SWT..

Haha....all that is possible because of one thing...credit card....

You actually think that the average Malaysian spending power is there?

Once credit bubble burst we shall see howlah they all afford all that you listed...

U made me feel insecure being a malaysian. Huhu. Takut woo burst burst ni

once the open car park space is finally developed, the square will be alive again.
unfortunately the land owner is very very greedy.

Land owner and commercial lot owner most likely from my dad's era. They have most likely paid their loan 100% already. Thats why a bit lansi

Since when do we ever feel secure being malaysian?

Orang lain 50 years can become 1st world country already.

Kita pulak....at best NIE....

Hahah. U r right. I paling takut this: EPF. Our money really got inside? Manyak takut woo

we dont need that malaysian average spending power
always 10-20% is rich and the rest still poor or medium income.
as long as that 10-20% able to make more money and spend more, then our market is secure.