Most new project completion rental yield is about 3% to 4% considered good already.

In our kinda competitive retail biz, size of mall matters alot. Needless to say, Pavilion Bukit Jalil, often known as Pavilion 2, will be a very big one and with many thousand carpark bays (can't disclose the amount).

Pavilion Bukit Jalil will be a very different mall compared to the rest of malls that is operated by them currently and in the market today.

The frequent upgrade in design of the mall tells you that the developer/owner group is constantly wanting the best of trends and design for the mall. In case readers didn't know, the mall has its own retail architect - designed by Westfield-hired Leonard Design based in the UK.

Several renderings of The Park 2 showed that a portion of the development would face the very happening outdoor plaza outside the mall. Now this is gonna be a game changer in terms of vibrancy and how they designed the waterscapes that lined the terraces of F&B cabanas and decks.

Pavilion Bukit Jalil is often compared to Pavilion KL, but in reality, it's a different target market. Here we are facing 99% local population and the mass markets. However, if you study Pavilion KL, only a section/row of the malls are dotted with designer brands. Majority of its tenant mix are appealing to locals as well as foreign tourists. And majority of those tenants are already present in suburban malls like Sunway Pyramid and 1 Utama, which does include the potential of Pavilion Bukit Jalil hosting them in the future.

Not cheap..