Very simply. There are too many malls. Everyone jumped on the serviced apartment + commercial mall/shops combo. Many are white elephants now.

No Chinese tourists = no commercialism.

The only relevance shopping malls have now is to be experiential destinations not so much for shopping. Hence these malls that were stuck in the 80s/90s model will die.

This post has been edited by Cavatzu: Apr 13 2022, 06:30 AM

Haiya there has been so much discourse on this already.

Malaysia has not really benefited from this home ownership drive that has impacted places like US or Singapore where home prices have gone up 30% or more in the past 2 years. You have the lowest interest rates on record yet affordability is a real issue for the average folk.

Business confidence in the country just needs to improve for the money to flow through again.

1.9M/9.6M so roughly 2 out of 10 homes is unoccupied with a lot more on the way and co-living antics. We really are number 1 in unsavoury categories. The critique on town planning is so apt.

Umm it’s a hard one. The trend now is to discourage property for investment purposes. Let alone encourage foreigners to buy your country’s property. It just depends which swing the capitalism pendulum goes. The visa programme is already a discouragement of foreigners buying here if the lacklustre stats haven’t already done the work.

Ongoing or systemic issues don’t go away overnight just because a pandemic crisis is somewhat over. The true extent of the aftermath is not apparent yet.