QUOTE(nkhong @ Dec 7 2014, 02:09 PM)
Eerr, of coz it is like other mall la like mv or 1u, maybe now it is still smaller compare those two. Not sure what is your expectation on new shopping mall. For those people who live nearby off coz they will visit this more often than mv and 1u. It is a hype for people who stay nearby.
+1
Some comments are really unreasonable, bear in mind that the developer (or owner) of this Mall has to consider the potential buying power and total market catchment before they build the Mall, it is a multi millions investment, a wrong forecast may cause massive loss in short term.
As I said earlier, average purchasing power is 5 in this area compared to 1U / Sunway / MV of 8, KLCC 10.
For this condition, how can one expects a super premium mall which has luxury retail shops around? This area posses no tourist attraction (future might be as KLIA is near), for this initial setup (based in 5 rating), I must say IOI has done a good job.
If one still say IOI City Mall is nothing special, then to me the MV is very outdated and need to rebuilt, the tenant mix is not up to the needs of higher purchasing group (rating = 8).
This is the best for IOI to offer in this region, based on IOI ability, she can go higher to build something more exclusive like Pavillion KL, the result will be tenant not business and IOI making loss.
P/s : IOI Group acquires Taiwan 101 Tower 37% stake
http://www.thestar.com.my/Business/Busines...wner/?style=bizThis post has been edited by UFO-ET: Dec 8 2014, 11:31 AM