The above question strike me when I visited jaya shopping centre today, one month after it's opening, a place with lots of old memory
It was announced before opening that it has 80% tenancy with 30% old tenants n 70% new ones
To my surprise, so many empty lots, the higher floors is like totally empty n no sign on the individual unit wall board indicating the name of the future tenant
Then I heard someone asking a restaurant operator:
Why u open so early, mall still quiet
Management force us to open fast. Told us 50% will open in first month
But now how many % now
Seems like only 30%, the management could have lied to us
Then after leaving and within few hundred meters, I stare at the new Centerstage retail plaza with a big banner saying opening in June 2014
WHAT HAVE U TO SAY??
To hv a successful mall, thr r several factors 2 consider. 1st is d size. Min should b 1.0 m sq ft at least. 2nd is to hv good access. 3rd. Must hv good anchor tenants & good tenancy mix. 4th, Developer must not sell the complex retail lots so that they can control the tenant mix. Once sold the mall will lose control of this and it will doomed Ekomall has the advantage of size (gross 1.0m sq ft) and good connectivity via a covered mrt bridge. Joe wong informed dat ekovest is hiring expertise to run d mall as they will not b selling it. Hopefully the population density within the the ekocheras project is enough to hv the purchasing power to sustain d mall. With 1,500 units, office blocks and a 4 star hotel in place, we hope it can generate sufficient business volume for d retailers operating in d mall.
Jun 10 2014, 02:04 PM
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