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

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HarpArtist
post Nov 23 2015, 03:19 AM

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QUOTE(Jagalat @ Nov 23 2015, 12:38 AM)
With the putramall lesson and recent tenant "shifting" to MyTown, in your opinion, do you think sw will continue staying this way to impact business or it will perform "failure analysis" for improvement?
Too early to lose confidence in sw?
Sw is not that tofu lembut la..
(I don't work for sw nor having this stock. I do not side sw)
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imo confidence in the company lost, retailer will stay away no matter what, like hello boss says kv is full of malls. even if sw give free rent, one outlet reno and furnish etcetc need prob few hundred k...? why would retailer risk? they just go for the proven one.
Babizz
post Nov 23 2015, 07:46 AM

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QUOTE(HarpArtist @ Nov 22 2015, 01:19 PM)
imo confidence in the company lost, retailer will stay away no matter what, like hello boss says kv is full of malls. even if sw give free rent, one outlet reno and furnish etcetc need prob few hundred k...? why would retailer risk? they just go for the proven one.
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hi boss if u see sunwai offer free reno etc pls inform me tongue.gif on a side note putramal the free rental period ended up longer n until last quarter still hardly contributing to ths reit..even their office tower n hotel thr performing vry badly!!

Looking at the tenant list posted above which mostly i post before, u cn alrd see a few tenant like mango cotton hnm jump ship..

On a side note, MNG delayed their opening in putramals fr 4-5 months despite the store being ready..
JamesPond
post Nov 23 2015, 12:08 PM

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hows putra mall?
havent go there yet.
t_yuuki
post Nov 24 2015, 06:09 PM

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most news is about the retail. nothing about the apartments, really?
ryanfernandez
post Nov 30 2015, 11:30 PM

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QUOTE(nexona88 @ Nov 22 2015, 04:49 PM)
why? not good quality?  hmm.gif
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quality china, price europe
MonGJiHyo
post Dec 2 2015, 07:35 AM

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QUOTE(JamesPond @ Nov 23 2015, 12:08 PM)
hows putra mall?
havent go there yet.
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If you wanna go putrazz, be prepared for:

1) Faulty escalatorss (AT LEAST 3-4 escalators), & it already spoiled for 6 MONTHS!!!
2) Lots of GHOST sections especially Asian Avenue a.k.a GHOST AVENUE as that place is extremely QUIET!
3) NO Anchor tenants for fashion (which is weird for a mall)
4) Parking sucks..& expensive
5) Tenants closed early at 9PM cause NO business even on public holidays

This is a mall that make you wanna leave in less than 1 hour & wont come back again ever..IMO

MonGJiHyo
post Dec 2 2015, 07:37 AM

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QUOTE(Babizz @ Nov 23 2015, 07:46 AM)
hi boss if u see sunwai offer free reno etc pls inform me tongue.gif on a side note putramal the free rental period ended up longer n until last quarter still hardly contributing to ths reit..even their office tower n hotel thr performing vry badly!!

Looking at the tenant list posted above which mostly i post before, u cn alrd see a few tenant like mango cotton hnm jump ship..

On a side note, MNG delayed their opening in putramals fr 4-5 months despite the store being ready..
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If MNG pull out from the shitty putrazz earlier.. that would be great.. I went there on last weekend & hardly see any people inside MNG.. I guess their decision to pull out from velocity is a good decision~

This post has been edited by MonGJiHyo: Dec 2 2015, 07:40 AM
t_yuuki
post Dec 2 2015, 10:18 AM

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putra mall parking expansive but during event in PWTC i think f&b business quite good
MonGJiHyo
post Dec 2 2015, 10:42 AM

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QUOTE(t_yuuki @ Dec 2 2015, 10:18 AM)
putra mall parking expansive but during event in PWTC i think f&b business quite good
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Is there a huge difference for the parking rates during event and non-event at PWTC? hmm.gif

I thought it's standardized rates at all times.. sweat.gif

The F&Bs at LG floor are doing quite good, but the ones at upper floors are just OK and some of it suffers badly~
t_yuuki
post Dec 2 2015, 10:45 AM

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QUOTE(MonGJiHyo @ Dec 2 2015, 10:42 AM)
Is there a huge difference for the parking rates during event and non-event at PWTC?  hmm.gif

I thought it's standardized rates at all times.. sweat.gif

The F&Bs at LG floor are doing quite good, but the ones at upper floors are just OK and some of it suffers badly~
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exhibitors in PWTC will find food nearby. i remember the McD in The Mall was very popular for exhibitors.
event goers also will visit the mall for a break too as PWTC f&b are much expansive than normal
MonGJiHyo
post Dec 2 2015, 01:38 PM

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QUOTE(t_yuuki @ Dec 2 2015, 10:45 AM)
exhibitors in PWTC will find food nearby. i remember the McD in The Mall was very popular for exhibitors.
event goers also will visit the mall for a break too as PWTC f&b are much expansive than normal
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Yes..When I was small, i always asked my parents to bring me to eat at McD (during Yaohan time) if we plan to go to Yaohan mall.

The newly-refurbished SP mall doesnt have any popular fast food outlets like KFC, McD, pizza hut, etc.. sad.gif

This post has been edited by MonGJiHyo: Dec 2 2015, 01:39 PM
t_yuuki
post Dec 2 2015, 01:44 PM

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QUOTE(MonGJiHyo @ Dec 2 2015, 01:38 PM)
Yes..When I was small, i always asked my parents to bring me to eat at McD (during Yaohan time) if we plan to go to Yaohan mall.

The newly-refurbished SP mall doesnt have any popular fast food outlets like KFC, McD, pizza hut, etc.. sad.gif
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yea. i also like to go there to eat McD last time. now not even 1 fast food tenant. what happen?
MonGJiHyo
post Dec 2 2015, 01:59 PM

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QUOTE(t_yuuki @ Dec 2 2015, 01:44 PM)
yea. i also like to go there to eat McD last time. now not even 1 fast food tenant. what happen?
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IMO.. sunwaii is aiming for "big fish" as their main target market of which you could see the tenants at here are mostly mid-end to high-end brands for THAT area (chow kit)..that's why they don't want mcd, kfc, blahblahblah..

However, the result turns out to be NOT what they expected.. Rarely even see any "big fish" from kenny hills, for e.g. each time I visits the mall.. & it turns out to be those "small fish" from surrounding area that comes to the mall who perceives as the tenants at here are too "HIGH END" for them.. As a result, most of them coming to this mall just to enjoy free aircon which means they are not buying or buying less which is definitely not helping the tenants at here (where majority of it suffers badly except F&Bs).. doh.gif doh.gif
sendomike
post Dec 2 2015, 02:18 PM

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although i don like to admit the "failure" of spm (as my condo depends on its performance, somewhat), I have to agree with a number of the statements above...

they should attract more affordable f&b outlets like mcd, kfc, shilin and more mass market higher end restaurants like chili's.. go open las vacas and red lobster for what... (although i love the las vacas burgers)
their apparel outlets are okay with h&m, uniqlo, mango and padini..

hopefully its performance improve soon smile.gif
t_yuuki
post Dec 2 2015, 02:24 PM

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QUOTE(MonGJiHyo @ Dec 2 2015, 01:59 PM)
IMO.. sunwaii is aiming for "big fish" as their main target market of which you could see the tenants at here are mostly mid-end to high-end brands for THAT area (chow kit)..that's why they don't want mcd, kfc, blahblahblah..

However, the result turns out to be NOT what they expected.. Rarely even see any "big fish" from kenny hills, for e.g. each time I visits the mall.. & it turns out to be those "small fish" from surrounding area that comes to the mall who perceives as the tenants at here are too "HIGH END" for them.. As a result, most of them coming to this mall just to enjoy free aircon which means they are not buying or buying less which is definitely not helping the tenants at here (where majority of it suffers badly except F&Bs)..  doh.gif  doh.gif
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Most customers going there more more like just lepak lepak there instead of shopping. The last time I went there still not much tenant inside. Most just lepak on the bench. Major tenant also like uniqlo and f&b only
prozac88
post Dec 2 2015, 04:49 PM

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Can't wait for the update on this project...
ryan@chua
post Dec 22 2015, 09:28 PM

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http://www.theedgeproperty.com.my/my/conte...ne-kuala-lumpur
ameliorate
post Dec 22 2015, 09:34 PM

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QUOTE(ryan@chua @ Dec 22 2015, 09:28 PM)
"The confirmed anchor and minor anchor tenants are IKEA, Parkson, Golden Screen Cinemas, Village Grocer, Best, Zara, Uniqlo, Mango, Spotlight, Celebrity Fitness, F.O.S, Food Junction, Kids e World, Al-Ikhsan and MPH Bookstore."

Errmm, the tenant list not that great. hmm.gif


MonGJiHyo
post Dec 22 2015, 09:59 PM

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QUOTE(ameliorate @ Dec 22 2015, 09:34 PM)
"The confirmed anchor and minor anchor tenants are IKEA, Parkson, Golden Screen Cinemas, Village Grocer, Best, Zara, Uniqlo, Mango, Spotlight, Celebrity Fitness, F.O.S, Food Junction, Kids e World, Al-Ikhsan and MPH Bookstore."

Errmm, the tenant list not that great. hmm.gif
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The tenant list consider as quite good for cheras area.. luckily Mango pulled out from Velocity & open at Mytown which have better prospect, IMO~ rclxms.gif

Does anyone have the tenant list for Sunway Velocity? it seems like there is still NO news for the tenants that will open at velocity.. hmm.gif hmm.gif

This post has been edited by MonGJiHyo: Dec 22 2015, 10:01 PM
AlanProperty
post Dec 22 2015, 10:06 PM

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any news?

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