REIT owners, have u guys analyzed ur REITs portfolios to identify potential office/retail malls that might be hit by the incoming oversupply.

IMHO, office space will be hit moderately with old office buildings losing out and retail growth will be limited with more malls around.

For instance, I can see less footfall large malls(think MV) and the situation will deteriorate when new malls like IOI City redirect some shoppers from KL south.. The GST will also strongly hit retail spend..

So many new malls coming up in the next 4 years with regional malls in TRX, Bukit Jalil/OUG (paradigm/pavi), Cheras (Velo/Ikea), Putrajaya(IOI City), Shah Alam(I city), Damansara(Empire n Tropicana Gardens) are just among the many malls not including new city centre options.

It's about time to identify which offices/malls will be affected and which ones will remain strong

true about capita malls as Gurney Mall will remain solid.. not sure about how the Mines is doing..
I only analyze KL n Iskandar props including retail malls/office la..

I'm sticking with my negative outlook of old office blocks and neutral outlook for established malls. They will continue to perform well but I wouldn't expect any significant growth

there's a new article about how sales in Sungei wang is down 60%... I forgot where I read it but I know it's in mandarin..

Lol.. what u think of the future of Sungei Wang?

good point.. OKR got more than 3-4k condos(other than Parklane) undercon/recently completed..

As i have mentioned about old offices, Tower REIT is starting to face difficulties d.. the office space there would house Hong Leong's group/bank headquarters (forgot which one).. the retail space success depends on the retail mix/strategy adopted by their leasing company (hope they hire one). The demand is there for a niche mall but they MUST HAVE GOOD TENANTS! they will face serious competition in 4 years when Pavilion Dsara Heights opens..

at the current old shops opposite damansara heights... near the ali maju/mahsa college..
http://www.thestar.com.my/Business/Busines...ghts/?style=biz

a lot of court case all.. i feel the tearing down will strt in 6 months la.. it'll only be complete after the MRT though..

I think CMMT will continue to drop with so many new malls coming up.. mines will struggle to compete with Pavilion BJ, IOI City mall phase 2 and malls in balakong coming up.

I've mentioned this before but many new megamalls n offices will come up n REITs will be affected..

sungei wang plaza, u guys go n see for yrself la..

all the reits with old office towers will suffer in 3 years..

eco city with LRT n KTM access will help midvalley.. ecocitys mall is only a 400k sqft mall..

i think the private owners of sungei wangs might be the mafias not the other way round..

BB plaza was dying as well despite being in the golden triangle.. avenue K suffered as well despite being beside the icon of KL..mall is doing better now but can never be a top mall..

location is only one of the key criterias of shopping malls..

many new office towers... u see tower reit lost one of their key tenants d.. KL office oversupply is gonna loom from 2015 to 2018... too many iconic projects with office n retail components..

http://www.thestar.com.my/Business/Busines...pply/?style=biz

moving forward i think the cash will be in residential properties n select office/retail REITs.. strong malls/office towers will perform well while weak ones will suffer..

Sunway REIT will have putra place n velocity joining in next year.. 2 strong malls that mean good potential upside

I think tropicana mall is a bad buy..
Let's see la with all the malls coming up in Damansara...

A few shops closed in TCM recently.

KLCC got future KLCC mall 2 also with 2 more twin towers to be 5 tower in total.

Midvalley will face STIFF competition from Pavilion Bukit Jalil that will steal part of the KL south crowd.

http://www.skyscrapercity.com/showthread.p...1131385&page=49
http://www.themalaysianinsider.com/busines...s-shape-in-klcc

tower height has changed since the article was published.

Pavilion:

http://www.diyanazman.com/2014/01/03/pavil...in-bukit-jalil/
http://www.propertylifestyle.com.my/buzz/i...-in-bukit-jalil

New malls in the area:

GLO Damansara, Starling, Atria all competing within the same space as Tropicana City Mall.
So is business there ok?? I only go there for movies