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Investment MYRESIDENCE @ MYTOWN SHOPPING CENTRE, CHERAS, Sitting atop MyTown Shopping Centre

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icemanfx
post Dec 30 2019, 11:34 PM

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QUOTE(scarypoolparty @ Dec 30 2019, 09:49 PM)
Its the sign of times. Department store is the sunset business.

Many of those online shoppers will mourn when dept stores only featured in Museum or novelty shop.
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And many bought residences because of shopping mall below or near to.

SUSscarypoolparty
post Jan 1 2020, 12:08 AM

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QUOTE(icemanfx @ Dec 30 2019, 11:34 PM)
And many bought residences because of shopping mall below or near to.
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Shopping mall and departmental stores are different properties.

Pls learn icey.
DesRed
post Jan 1 2020, 10:53 AM

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QUOTE(scarypoolparty @ Dec 30 2019, 09:49 PM)
Its the sign of times. Department store is the sunset business.

Many of those online shoppers will mourn when dept stores only featured in Museum or novelty shop.
*
They're affected, I agree, but I don't think they'll disappear anytime soon. At most, they'll remain resilient despite these 'disruptions'.

Kind of reminds me of the video game industry a decade ago. Some corporate figures were screaming that gaming on the PC/laptop is dying due to piracy and singing the tune that the consoles will reign supreme (Google 'PC Gaming is dying' and you'll see the results and the eventual counter-claims). Now? The former is still going strong and going toe-to-toe with the consoles.

Now it's the mobile platform trying their best to be a 'mobile' computer to replace the PC and laptops as the ultimate everyday device. Don't see less demand for the latter two and they're still going strong.

This post has been edited by DesRed: Jan 1 2020, 10:53 AM
icemanfx
post Jan 1 2020, 11:05 AM

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QUOTE(scarypoolparty @ Jan 1 2020, 12:08 AM)
Shopping mall and departmental stores are different properties.

Pls learn icey.
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Isn't departmental store inside shopping mall?

This post has been edited by icemanfx: Jan 1 2020, 11:05 AM
SUSscarypoolparty
post Jan 1 2020, 02:16 PM

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QUOTE(DesRed @ Jan 1 2020, 10:53 AM)
They're affected, I agree, but I don't think they'll disappear anytime soon. At most, they'll remain resilient despite these 'disruptions'.

Kind of reminds me of the video game industry a decade ago. Some corporate figures were screaming that gaming on the PC/laptop is dying due to piracy and singing the tune that the consoles will reign supreme (Google 'PC Gaming is dying' and you'll see the results and the eventual counter-claims). Now? The former is still going strong and going toe-to-toe with the consoles.

Now it's the mobile platform trying their best to be a 'mobile' computer to replace the PC and laptops as the ultimate everyday device. Don't see less demand for the latter two and they're still going strong.
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we have yet to witness the revolution of 5G (perhaps 6G soon) yet.

even if they continue, the form and substance will not be ground flr Perfume, 1st flr ladies and etc.
SUSscarypoolparty
post Jan 1 2020, 02:23 PM

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QUOTE(icemanfx @ Jan 1 2020, 11:05 AM)
Isn't departmental store inside shopping mall?
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were you born to the era of independent departmental stores like Emporium and another janapense brand Hanyu? or revisit your google will do.

department stores are just an anchor tenant in a shopping mall. They are NOT the shopping malls.

while many other shopping malls still have a department stores as part of their main anchor tenants, gone is the day when departmental stores is representing the mall.

Ekocheras Mall doesn't have a department store and this is one of the newest malls opened last year.
hspace
post Jan 1 2020, 03:22 PM

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Department stores can't keep up with the times. They keep stocking cheapo, out-of-date clothes. How many people still wanna wear "Camel Active", "Polo House", "Snails Original" or some funny sounding wannabe-Italian name, with baggy cutting and 80's patterns? Even unkers also shop at Uniqlo now.

Physical clothes still can beat or complement online buying. Clothes you still need to try, or feel the material. Or you want it right now, instead of wating 1-10 days. Uniqlo you can try, then order online if don't have your size. Still doing very well. As long as the design is up-to-date and value is there.

This post has been edited by hspace: Jan 1 2020, 03:24 PM
MonGJiHyo
post Jan 7 2020, 10:54 PM

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Yubiso, Home Fix, Chaps closed their outlet as well at mytown recently among others hmm.gif
fotokaki
post Jan 8 2020, 01:58 AM

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QUOTE(MonGJiHyo @ Jan 7 2020, 10:54 PM)
Yubiso, Home Fix, Chaps closed their outlet as well at mytown recently among others hmm.gif
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Retain shops survival will be getting very tough due to online shopping.
Many stores close down their outlet due to high rental and overhead every mth.
And dun forget we have way too many shopping malls in Klang Valley now but not so much of crowd and not all has good buying power now.
icemanfx
post May 7 2020, 07:30 PM

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Malaysia has finally seen a Covid-19 cluster related to a shopping mall, albeit infections are so far are limited to staff.

According to Health Ministry director-general Dr Noor Hisham Abdullah (photo), the 436 mall staff were screened for Covid-19 and only 10 were tested positive so far.
https://m.malaysiakini.com/news/524577

https://hype.my/2020/187447/mytown-shopping-centre-covid-19/

This post has been edited by icemanfx: May 7 2020, 07:30 PM
DesRed
post May 8 2020, 09:17 AM

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Malaysiakini always requests visitors to subscribe to a paid subscription in order to read their articles in full.

At least the below is free. thumbsup.gif

Malaymail's version:
QUOTE
Health D-G: 10 Covid-19 cases detected from new security personnel cluster in Cheras

KUALA LUMPUR, May 7 — A new novel coronavirus cluster (Covid-19) has been detected among security personnel of a shopping mall in Cheras, Health director-general Datuk Dr Noor Hisham Abdullah said.

From this cluster, 10 security personnel have tested positive for Covid-19, where nine are Nepalese and one Malaysian.

“As of noon today, these 10 positive cases were reported.

“Infection origins are still under investigation,” Dr Noor Hisham said during the Health Ministry’s daily briefing today.

He also confirmed that all of the Nepalese security personnel live in the same house in Cheras, and all those in the household have been screened.

Other shopping mall security personnel and workers who are close contacts have also been screened and tested for the virus.

The Health DG didn't specify which mall it is. It could be either MyTown, Sunway Velocity, 1 Shamelin, Cheras Sentral, VIVA Shopping Mall, Ikon Cheras, EkoCheras, etc.
MonGJiHyo
post May 9 2020, 10:04 PM

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https://www.thestar.com.my/news/nation/2020...f6YPuxVtMvVoSe4



Covid-19: Cheras mall says it has replaced all its security guards [SIZE=7]
PETALING JAYA: MyTown Shopping Centre says it is working closely with the authorities, partners and service providers to ensure that the mall is a safe place for Malaysians after 10 of its security guards tested positive for Covid-19.
The mall said that a total of nine outsourced security guards and one of its security officers tested positive for Covid-19.

"Our security officer that tested positive is currently in quarantine and is in good health with no symptoms.
"The rest of the identified cases were outsourced security guards living together in the same housing estate that the Health Ministry is investigating as the origin point," it said in an email to The Star on Friday (May 8) night.

On Thursday (May 7), the Health Ministry identified a new cluster of positive Covid-19 cases among security guards at the mall located in Cheras, Kuala Lumpur.
The Ministry noted that 10 positive cases were detected involving nine Nepalis and a Malaysian.
The mall added that the Covid-19-positive outsourced security guards last worked at the mall on April 26, adding that they have not been deployed at the mall since April 30.
"All MyTown co-workers identified through contact tracing were sent for test and came back with negative results," it said.
It also said deep cleaning and sanitisation works have been carried out at its premises from April 30.
"Above and beyond the Health Ministry's requirements, MyTown was proactively closed to the public on May 3 to continue thorough and repeated deep cleaning and sanitisation," it said.
The mall added that they have replaced all its security guards with new ones from another agency.
"The safety of our shoppers, partners and co-workers is our top priority and as such we continue with our contact-less screening of visitors entering the mall, social distancing measures and working closely with our tenants to ensure MyTown KL is a safe meeting place for all.
"MyTown KL continues to operate as normal under the conditional movement control order guidelines," it said.
MonGJiHyo
post Jun 27 2020, 04:42 PM

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Mango already closed? Anyone knows?

Seems like many of the tenants already closed down.. mph, giordano, godiva, chaps, esprit, tomei, cake house, cellini, etc... lots of hoardings on 1st and 2nd floor..


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Babizz
post Jun 27 2020, 04:50 PM

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QUOTE(MonGJiHyo @ Jun 27 2020, 02:42 AM)
Mango already closed? Anyone knows?

Seems like many of the tenants already closed down.. mph, giordano, godiva, chaps, esprit, tomei, cake house, cellini, etc... lots of hoardings on 1st and 2nd floor..
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Most malls will be way worse than this in a few months. Quite a few malls are like this already.

Even shops outside in commercial area also hit badly with many starting to close.

icemanfx
post Jun 27 2020, 09:08 PM

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QUOTE(MonGJiHyo @ Jun 27 2020, 04:42 PM)
Mango already closed? Anyone knows?

Seems like many of the tenants already closed down.. mph, giordano, godiva, chaps, esprit, tomei, cake house, cellini, etc... lots of hoardings on 1st and 2nd floor..
*
Shopping mall is oversupply in kv, MCO is probably the straw breaks the camel's back.


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