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.



****************************


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...

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.

ish...don't even mention about EPF money man...

I pun tarak harap to get back even one cent when I retire....

Huhu. Like dat i better take out my account 2 amount. Account 1 kenot do anything liao. Aiya

This post has been edited by AMINT: Apr 21 2013, 09:47 PM

i am waiting to cash out my 7 or 8 digit account when i retire wor.... how?

Well, if you are rich uncle reaching 55 soon you should be okay...

I pulak in my early thirties....

I think I can kiss my EPF monies goodbye at the rate this country is sinking by the time I am 55....

Takut dont have money oni bro especially if PR takes over. BN used huge portion, right? Dont we get some sort of guarantee for our money?

I also just reached my 30s. If u mati i also mati. Aiya

This post has been edited by AMINT: Apr 21 2013, 09:59 PM

Bro....anyone can guareentee...heck the banks in cyprus also guareentee the depositors there wut...

Hell, I also can guareentee that I will be a millionaire tomorrow, that I will hit jackpot...

In the end what happen....?

Wat to do bro, wat to do...?

Hahah. I know: work outside and no potongan gaji kwsp. All salary = take home pay. Saudi/oman/abu dhabi/brunei type of places. Actually as long as outside msia ok already. Kakaka

Undi jgn tak undi. Dan undi panlai panlai ya. Asalkan bukan biru, jgn segan nak palang.

Onli a change can c the future. Even if it can't work out well, its onli 5yrs. Wat if it works well? All ll b well too rite.

This post has been edited by ManutdGiggs: Apr 21 2013, 11:15 PM

Oh don't you worry.

I am gonna vote. Oh yeah, I am gonna vote....

If not mistaken, car park is under a trust where all nominees must sign to approve the selling price. And of cos everyone is hoping to fish for higher price.

Sounds scary la.... Need to retrieve $$$ out as much as possible? Buy house & unit trust fund? Wow takut ya....

Takut woo. That is our money inside there. Hopefully not just numbers there

Dont worry.. PR or BN govern ... they will just print money.. easy la..

Hahah. Another round of QE. Really WTF. Money is worthless now

Malaysians generally are getting richer (our per capita is up), but distribution of wealth is as you know is the major factor in this Election. The politicians are talking about how to distribute more "national" money.

Upper middle class in Klang Valley are getting richer. Some of my friends no longer weekend lepak at 1 Utama... they moved to Publika - that speaks alot about cash they have. Based on saving deposit statistics, it seems that some small group of Malaysians especially those in selected townships have alot of cash to save.

Lower middle class in Klang Valley are struggling to survive, but still got stagnant income.

Lower class... they are getting poorer.

This post has been edited by accetera: Apr 22 2013, 07:08 PM

lepak in publika means rich? i lepak there almost everyday after work but i am not rich at all..

Most guys go there ...tengok tengok amoi la...

If go see amoi oni then is not rich.

But if go makan dinner with amoi then is ...RICH!

Houses that is facing the main road, said to be converted to commercial is bullshit. as many of the agent say its up to the tenant taking own risk to use for commercial. its a gimmick that wants to sell/rent higher price for houses at the main road. open/closed business and always mbpj come to saman also still open. Good for property agent earning commission open/closed

There is a house owner (old lady) which is tenanted to a beauty business at ss2/66 opposite Dim sum/Peng Ann chinese medicine shop (House next to pristine laundry business) is making trouble for the business tenant whereby non stop fighting (sue each other),breaking main glass door, blocking the entrance with car, flower pots, splashing shit/urine at the front door daily, kicking the main door to let off the siren alarm, police patrol car coming over to the house. alot of the neighbouring business were fighten that their business will be affected due to illegal opening of commercial business at the house.

the story were told that tenant dont want to paid rental, was told some private renovation cost alot involved and were to deduct rental and have sign 10 years or more and the owner denial about it and starting to make trouble and no choice the tenant still stay on. Their business have affected alot. have been fighting daily for sometimes. the owner of the house (old lady say whereby son and husband abandon her) have a bad altitude likes to steal peoples things like flowers pot,fish etc nearby. alot of neighbour have complain about her.

so rich talking about her house can sell more 2 mill bcos of renovation etc also no use bcos nobody wants her bcos very troublesome, some people told her to wait for it to raise to 100mill or more only sell.(some say got money also dont buy, very sui). Whoever rent her house is looking for trouble in future. Even tenanted a room a lady, the owner reluctant to give her back her deposit and giving alot of excuses. Terrible person and always telling lies and conning people etc

Better survey around and ask around carefully before buying or renting a place.

This post has been edited by mlpk: Apr 30 2013, 11:31 AM

I think this has off the topic for this thread right? At the beginning it was interesting, and discussing about SS2, but now seems..... Hope to get back on the topic.

Thank you.

Regards,
full

wish can afford one

what you say is true..but there is no way to stop this...surrounding nearby mostly can say more than 50% is people which just rent a room..what they eat mostly is cheap food example like ''chee cheong fan'',bread or food count...especially during this economic down slope & cost living high....this group of people need to cut cost from eat nice food near by there..for the service type of shop,that is more worst...just keep survive only...hard to grow or earn more money...all the new commercial area near by PJ ss2,damansara jaya,up town even more near jaya one,all can't survive more than 2 years if they just rent it from owner...conclusion is the speeding power from low to middle range from past 5 years hv drop more than 50%.no speeding power=no moving of business=company/shop less income=no bonus

Publika got cheap restaurants too.............

The Bee not much more expensive than One U restaurants. Red Beanbag as well. Some weekends when I'm in KL I go there as well - less than RM 70 for two people.

as mention earlier the chicken rice shop opposite swenson pj ss2 already closed off today. more and more vacant shop in pj ss2. 2 shop lot HSL ss2 also going to closed and is having warehouse sale now.

alot of those seller is increasing or some have increase their price at up to 10% ahead of the GST. This is getting worst, if no business alot more will closed in future.

alot of different business is affected already. slow down alot more than 70%.

just see how long can it last

This post has been edited by mlpk: May 10 2013, 11:02 PM

lol, this is shop investor risk, for SS2 condo, still like hot cake to rent...

hope it can sustain. few ss2 double storey 24 x 80 terrace renting for rm1.8k have been few months vacant no takers with many agents still advertising(alot of prop agent are bullshiting around saying have ready tenant etc. when have property to rent , agent will say difficult and have alot of excuses here n there and when dont have will say have ready tenant. boosting around)

Never believe in them. better do it on our own and save 1 month rental.

Not an expat area can the rental go higher or fetch price. Even sharing the rental among few sub tenant is difficult. collection part will be the problem for the head tenant monthly right. not furnish some more. touchup wear n tear parts etc. alot of hidden cost invovled

property renting is still low in this area.

As heard from few existing owners of the double storey house, water leaking from roof and replace of the whole roof tiles of the house need at least rm40k++. Renovate or fix wear n tear will be costly for a old house/shop. so if buying a house almost a million and renting rm1.8k (difficult to rent out ) and if for own stay need to renovate the 40++ year old house, few hundred thousand ringgit need to fork in to tear the place down and build and renovate it. is it worth it?

The question is if for investing purpose the rental is out. will property go up ask yrself. if rental dont fetch price will property go up.

wondering just see how long it can rent out or last (hidden inflation cost is getting higher, and see it can be sustain. its not going in tandem. loop sided ways will break off sooner or later not balance)

its like investing in share market, margin account buying shares qty with borrow $$. instead of property nor shares buying ahead with incurred hidden interest waiting for it to go up else will eat in to it by the interest. Property run or share market Bull run.

eg.
invest in property rm500k will go up in future but limited and tedious to sell and takes long time and tedious process to get $$. alot of hidden cost/maintenance/tax/fees etc alot of parties involved. min 6 months

invest in share market rm500k buying blue chip eg genting (bull run coming nobody knows) paper gain/loss with dividen/bonus/split issue etc. 3 days can get $$ after selling

just different scenerio of investing

This post has been edited by mlpk: May 11 2013, 12:32 AM

How about condo surrounding ss2 seems is doing much better.

alot of the condo is still vacant and plenty waiting to sell. expensive to rent. as many say for own staying. some condo prices is even more expensive than klcc/golden triangle area.

when the nearby condo have completed even worst, like atria,uptown etc alot coming up and for rent or vacant

for investment buyers, percentage is low, no point investing when the price is near the top and return is low. unless for own stay

inflation rate is increasing whereby eg ss2 soya bean van seller at road side have increase 10% ahead of the GST increase of 6%. and many more outlet have already increase

if electric/water/ other utilities/ petrol/ food/education/medical etc increase, it will definately have impact

if 1care 1malaysia medical implemented even worst 10% off yr salary even month, even worst

get a feel of the heavy burden on yr shoulders, will eventually know how it is, whereas people tell wont listen or half heartedly, normally people learn the hard way. what people want we also want right

hope it can sustain/maintain, else...

This post has been edited by mlpk: May 12 2013, 01:43 PM

Not just Ss2 area other area also. Ss15, Kota Damansara, Bdr Sunway Metro as what I heard, certain shop u can see change tenant within 2years. Tenant in and out. Agents most happy.

Some opt to rent half shop only due to high rent. Shop owner request up and high rental so that can sell the shop at high price.

Although high traffic, but decrease in buying power. New housing area have own commercial area.


This post has been edited by straw: May 12 2013, 08:47 PM

in SS2 landed houses can be cheaper than a new condo

purchasing power not great, that's why econsave come in...it's a sign of the income level around here...

i cannot verify but i think there's a profile transformation in SS2, more and more of the original english speaking locals have moved to other places/migrated and replaced by more chinese speaking from smaller towns...

I thought mostly landed in ss2 or section 17 owner rent the hse to students or working ppls ... if for own stay, most will renovate the hse ...

conclusion :
nobody want buy from small potato shop without bonus giving
and this..........


HSL circuit (bad debt), (their staff sgt lansi, tok kok sing song mayak
oso buli cust, who want go buy their stuf if service no good)

Corner Lot Hong Leong bank, (banker there prefer rent entire lot,
for security reason,
e.g want rent oso the upper floor 2nd & 3rd, but the owner refuse,
so move out lor)

Swenson (not renewing contract),


Italian Cuisaine Shop,
foods no italian oso ? WTF can order chicken rice look-a-like
in italy shop ? jual apa nia ? oso their food is espensive and
not delicious......

TransMobile/VCD Shop along savemart,
ini VCD is open via taiko / along, then head already expand, so
ini kedai dont care anymore, lagi jual blue-ray lar, apa guna VCD ?

Duck Shop
are you sure is not "Gei" shop ?

Corner Coffee Bean Shop
(their hired 10-15 staff , with each paying 1.5k-2k per,
how to survive ?)

Foot massage shop next to Pelita shop (Now DAP outlet)
(kena halau cos illegal biz inside)

Corner lot stimboat behind public bank change to bak kut teh recently
(stim ? yalar, who want "stim" on everydays ? BKT better suit and
got more pork worth of $$$ each meal)


Yippee cup (Now Big Joe)
(ini oso need to ask ? if for young ppl goes, young ppl usually go
inside shopping mall, never will come into shoplot buy oso)

Seafood shop
(got potong leher, so once go, will never come again, patuh tutup lar)

Dfish restaurant etc,

Vice activities is the best for SS2 now. HAHA.

yes, which explains the profile change...

very sad, but isn't this common all over malaysia now? especially urban chinese commercial areas?

then ask the airport to give a lower air port tax.

try increase rental n see yr tenant run away or not. will give excuse their new condo/house is ready to move in already will give u notice in advance.

another headache finding good tenant and alot of hidden incurred.

ss2 big joe outlet boss is delaying not paying their staff gaji, pending n alot of staff have to gadai their h/p to get cash. will sooner or later close shop. food dirty n not tasty

korean outlet next to big joe n chinese steamboat shop a few shop from digi shop will sooner or later closed shop. nobody at all

ss2 dfish outlet n teo chew bak kut teh shop already close shop.

previously ss2 big duck shop already vacant long time nobody want to rent

previously ss2 swenson now replace by ipoh big tree noodle also will closed sooner or later bcos their food were bad.

ss2 professor shop from ground shift to 1st floor whereby ground floor is vacant for rent.

hsl outlet is waiting to closed shop. time not up yet

pontian noodle shop looks like want to closed. nobody daily
previously transmobile/vcd shop now renovating want to do cafe n restoran.
previously corner ss2 hong leong bank now renovating for nandos chicken. more expensive than kfc. daily kfc also like no business already

can all this shop survive the rental of rm20k monthly with this kind of business. wasting time

The only business there can sustain is murni. business is damm good daily. cheap, tasty and big portion. beside other business like bank, 711, starbuck, macd, poh kong etc.

others all waiting to close cannot last long sooner or later. unless the business owners own the shop there.

This post has been edited by mlpk: Oct 14 2013, 05:22 PM

like this a big challenging... with high property price somemore.. unless owner are those bought 10 years back.. those bought recently without knowing these stories will be tough

SS2, varieties are there but no parking, wat to do...buying power drop lo.. in ss2, most happening area is the food court. round and round looking for parking den you will realize food court is the place to be.

You are absolutely right my friend. That is why I'm now staying in Permas Jaya, JB. The commercial centre here has only pub/bars, massage parlours, KTVs, motels, spas, snooker centres and chinese restaurants. The finer things in life at my doorstep. Just my kinda place.

By the way...I'm not Chinese or Indian

This post has been edited by kamilnu: Oct 14 2013, 06:31 PM

rental will kill the business. as well as the renovation of the shop. alot of the shop were dirty due wear n tear. need massive renovation thats cost few hundred thousands for 4 storey shop lots.

shop owners will be happy if the tenant renovate for them to due business. laughing

in order to cover back all the expenses, the tenant needs to wait for few years to breakeven and in order to cover back the overhead expenses, renovation, utilities, workers wages etc probably unpredictable

This post has been edited by mlpk: Oct 14 2013, 11:30 PM

The most business operating there is the massage business. The road where RHB Investment branch (facing the food court) is so smelly. That day after more than one year I survey SS2 for my own business, I do found that SS2 is even worse than before. Some of the shop have been vacant for more than a year.

even an rich uncle do say what type of business can do in ss2?? even have $$ dont throw/spent for the sake of doing business. wasting time, $$, effort etc.. alot of business cant sustain long open/close shop. plenty of $$ to throw

in ss2 their is alot of weird/rich/gila customer. important cheap (value for $$), big, tasty etc in order to scrap thru else forget it. if want to get rich fast in ss2 just forget it. have to slug for long time

What if myBurgerLab will be opened at ss2, do u think it will sustain?

Property is a long term investment. If owners depend on rental to pay their installment, then good luck to them. No bullets don't play with property and act rich.

personally i think can sustain. but need to find place with ample parking or increase their food delivery time. SS2 kinda shit planning..lulz

Seapark parking is worse but still strolls of customer pack the place every night.

I doubt ss2 can be any worse

i personally met one of the cofounder the guy with finance/accnting background, he said when they started out seapark was one of the more deserted of the location they considered thus cheapest rent also.

maybe the parking situation became shit after burgerlab became a phenomenon..imagine that kind of commotion coming..gengg..die also..ahhaha

Went to ss2 few times during weekends recently, most of the shop operations were closed after 9pm/10pm sharply. Is this always the case since many years ago?

burgerlab the food is consider expensive. how often/always can people eat at that price. the food is so so not that great n be immune in time to come. for ss2 area majority is old people staying there n will not always eat fast food and very thrifty in their spending.

but no harm can try. just look at macd promo price is so cheap daily for lunch dinner at rm6.30 per set the cheapest. competition is there.

in ss2 area in order to do business have to be cheap first and big in portion and tasty. just survey murni daily and their prices. why is it always pack with people. can people follow the way it operates? no bcos alot want to sell high price/ profit

alot of competitors in ss2. in order to compete and stay long, the business or backup power must be real strong else waste of time and money. rental is high and overhead etc

No doubt that the burger costs $$ but (anyone: normal or rich) people with enough budget always look for unique (healthy or unhealthy) foods to eat and willing to spend for it.