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Investment Property/Rental at SS2 PJ is taking downward turn, (Property expensive but Rental Low)

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accetera
post Apr 21 2013, 11:43 AM

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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... hmm.gif

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

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This post has been edited by accetera: Apr 21 2013, 11:50 AM
accetera
post Apr 21 2013, 05:40 PM

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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
accetera
post Apr 22 2013, 07:06 PM

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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
accetera
post Apr 22 2013, 11:36 PM

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QUOTE(savants @ Apr 22 2013, 09:24 PM)
Most guys go there ...tengok tengok amoi la... drool.gif
*
If go see amoi oni then is not rich.

But if go makan dinner with amoi then is ...RICH!
accetera
post May 13 2013, 01:01 PM

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Vice activities is the best for SS2 now. HAHA.

 

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