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 Empire City mall to b revived n opened in Jun 2025

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blek
post Jun 24 2024, 07:01 PM

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QUOTE(icemanfx @ Jun 24 2024, 06:15 PM)
The owner doesn't has good karma; empire city unlikely a phoenix, more likely resurrected as zombie.
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Yeah I heard alot about. After subang empire success become hantu drag payment
msacras
post Jun 24 2024, 07:01 PM

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Omae wa mou shindeiru
katijar
post Jun 24 2024, 07:04 PM

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QUOTE(EX Unseen Forces @ Jun 24 2024, 04:34 PM)
A bit hard honestly. Even the curve also half dead. sad.gif
*
Remember e curve

Dead long time


swanlover
post Jun 24 2024, 07:11 PM

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Paramount and Sunway best in managing malls and strong marketing team, extremely careful with tenants...

Unlike other shitty mall management...who ever can pay rent will get a spot....
Gratitude2022
post Jun 24 2024, 07:26 PM

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QUOTE(JimbeamofNRT @ Jun 24 2024, 06:46 PM)
I simply hate 1U just because of the stupid parking lots

other than that ,ok lah. but I rather go to pyramid
*
Boss, cum KD ayam arrange valet, makan hameediyah and then take MRT go 1U minum tong Shui.
TSpremier239
post Jun 24 2024, 07:31 PM

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QUOTE(cms @ Jun 24 2024, 06:59 PM)
Yes, that's the issue, its too cheap.

So every worker, park whole day. Customer park where?
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kek they made it cheaper, many years ago ayam kerja part time there, need park at outdoor open space there to get like Rm10 max day rate

now became cheaper macam
mryellow19
post Jun 24 2024, 07:31 PM

arrrggghhhhh
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QUOTE(ZeroSOFInfinity @ Jun 24 2024, 05:19 PM)
And only somehow Starling is still the top gun...... vs One Utama.
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Starling and One U are by See Hoy Chan brows.gif
DValentine
post Jun 24 2024, 07:32 PM

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can new owner settle this hahaha

This post has been edited by DValentine: Jun 24 2024, 07:37 PM
DValentine
post Jun 24 2024, 07:36 PM

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QUOTE(swanlover @ Jun 24 2024, 07:11 PM)
Paramount and Sunway best in managing malls and strong marketing team, extremely careful with tenants...

Unlike other shitty mall management...who ever can pay rent will get a spot....
*
ayam thought EXSIM got balls settle this

manatau kecut jugak sold to others

they wanna the condo saja

This post has been edited by DValentine: Jun 24 2024, 07:38 PM
SUSKaya Butter Toast
post Jun 24 2024, 07:40 PM

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This mall will boom once the population comes.

The amount of condos surrounding this mall is insane, ttdi, Damansara Perdana.

I think got hope
DValentine
post Jun 24 2024, 07:41 PM

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QUOTE(Kaya Butter Toast @ Jun 24 2024, 07:40 PM)
This mall will boom once the population comes.

The amount of condos surrounding this mall is insane, ttdi, Damansara Perdana.

I think got hope
*
got potential
» Click to show Spoiler - click again to hide... «


huehuehue

inb4 puak Boomwick

all pujimak wow wow wow

endup upcar

This post has been edited by DValentine: Jun 24 2024, 07:50 PM
SUSEX Unseen Forces
post Jun 24 2024, 08:24 PM

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QUOTE(Mr Mercedes @ Jun 24 2024, 05:43 PM)
The Curve and Tropicana Gardens seems much better than Atria and 3 Damansara.

In terms of Damansara Area,

One U> Paradigm> Tropicana Gardens > Pavi Damansara> Starling>  Ikea> Curve> Megahrise> Atria > Citta Mall> 3 Damansara > Jaya Shopping Center> Evolve> Glo. 

You need to find a niche to survive in the current market.

Atria has quite a big event space for expos and apple sales.

Starling are doing what the original Tropicana City Mall and the old Atria did, a smaller scale shopping center for those that don't want to go to big malls like One U, MV and Paradigm nearby.

3 Damansara are opening a large rock climbing space.

Glo got Worq and MRT but that's not helping much.
*
PJU and PJC has to many malls. Each of them at least 10.
Mostly township has 2-3 max.
Like Puchong only Giant Kinrara, IOI mall and Lotus's
Kepong only AEON, Lotus's and Brem Mall
Cheras only Leisure Mall, EkoCheras, Cheras Sentral
Bukit Jalil/Sri Petaling only Endah Parade, PBJ, The Store's

Kind of weird PJS got only 1 mall, which is Matahari. PJ should focus more malls on PJS.
DValentine
post Jun 24 2024, 08:26 PM

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QUOTE(EX Unseen Forces @ Jun 24 2024, 08:24 PM)
PJU and PJC has to many malls. Each of them at least 10.
Mostly township has 2-3 max.
Like Puchong only Giant Kinrara, IOI mall and Lotus's
Kepong only AEON, Lotus's and Brem Mall
Cheras only Leisure Mall, EkoCheras, Cheras Sentral
Bukit Jalil/Sri Petaling only Endah Parade, PBJ, The Store's

Kind of weird PJS got only 1 mall, which is Matahari. PJ should focus more malls on PJS.
*
pjs is shit hole

rempit everywhere
nihility
post Jun 24 2024, 08:29 PM

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QUOTE(premier239 @ Jun 24 2024, 04:24 PM)
THE mall at Empire City Damansara, which has had multiple false starts over the past decade, is set to finally open in June 2025, 14 years after the project was first launched. Ahead of its opening, the owners of the mall — which will be renamed Hextar World at Empire City — have scheduled a launch event on Oct 10.

The name change reflects the entry of businessman Datuk Eddie Ong Choo Meng, who operates the Hextar group of companies, which has a diversified range of businesses including chemical, industrial and property. He not only owns a stake in the mall via Hextar Healthcare Bhd (KL:HEXCARE) (formerly known as Rubberex Corp (M) Bhd), but is understood to have acquired a stake in the mall in his personal capacity.

Ong is a substantial shareholder of Hextar Healthcare, holding a 30.24% stake through Hextar Rubber Sdn Bhd.

The Empire City Damansara project, located along Lebuhraya Damansara-Puchong in Petaling Jaya, Selangor, comprises 11 blocks of apartments, hotels and office buildings, including HCK Tower and MYEG Tower, which sit atop a retail podium called Hextar World. The retail podium has 1.7 million sq ft of net lettable area.

It is learnt that the mall has approached potential tenants, including food retailer Village Grocer, home improvement retailer Mr DIY Group (M) Bhd (KL:MRDIY) and luxury fashion brands.

Asked to comment on the mall’s launch date, its name change and his purchase of a stake in the mall in his personal capacity, Ong tells The Edge that a press conference will be held in the next few months.

The mall was first conceptualised and developed by Mammoth Empire Holdings Sdn Bhd (MEH). MEH, founded by low-profile businessman Datuk Sean Ng Yee Teck and his partner Datuk Danny Cheah, is the developer of Empire Hotel and Empire Shopping Gallery in Subang Jaya (now known as NU Empire Shopping Gallery).

Over the years, several opening dates have been announced but the mall has yet to commence full operations. In fact, in 2015, MEH held the “Party of the Century” with celebrities including Paris Hilton and K-pop group 2AM at the mall, but the opening was delayed yet again. It is worth noting that the mall did open briefly with a few retail shops during the Sea Games in 2017 as Empire City Damansara was the venue for the figure skating, ice hockey and speed skating events.

With the entry of new shareholders and a fixed launch date in October, the mall is expected to be fully operational in 2025. There is talk that celebrities may be invited to attend the opening.

Nonetheless, one retailer contacted by  The Edge expresses his concerns about the mall. “We need to know the mall’s positioning and plans, especially in terms of gaining public confidence as the mall looks abandoned and has been dubbed a failed mall even before it has opened.”

In October 2021, Hextar Healthcare announced its venture into the property investment/retail scene through the acquisition of a stake in the yet-to-be-completed Empire City Damansara Mall.

The company’s entry was through a collaboration with Alliance Premier Sdn Bhd, EXSIM Holdings Sdn Bhd and JT Momentum Sdn Bhd (EXSIM and JT are collectively known as EXDJ shareholders) for the development and operation of the mall. The parties set up a company called Alliance Empire Sdn Bhd, with Hextar Healthcare spearheading the project.

Under the collaboration, Hextar Healthcare entered into an agreement with Alliance Empire to subscribe for 200,000 new shares, or 20% equity interest, in the latter for RM180 million cash. Alliance Premier and EXDJ shareholders would hold the remaining 60% and 20% respectively.

Prior to Hextar Healthcare’s emergence as a shareholder of Alliance Empire, the latter had completed the acquisition of Empire City Mall for RM480 million. It then issued 600,000 shares and 200,000 shares in the company to Alliance Premier (75%) and EXDJ shareholders (25%) respectively.

After the completion of the proposed subscription, the shareholders of Alliance Empire were Alliance Premier (60%), EXDJ shareholders (20%) and Hextar Healthcare (20%).

Sources say that last year, Ong acquired a stake in the mall in his personal capacity from Ng. The exact size of the stake is not known.

Hextar Healthcare, in its annual report for the financial year ended Dec 31, 2023, released on April 26 this year, said,  “In terms of property investments, the group’s 20% stake in Empire City Mall is also expected to generate positive earnings and returns within the next 12 to 18 months when the mall becomes fully operational by the second quarter of 2025. This would provide the group with an alternative source of income and a viable platform for future acquisitions and ventures into property investments.”

It is worth noting that in September 2021, Ong emerged as a substantial unitholder of retail asset-focused KIP Real Estate Investment Trust (KL:KIPREIT) with the acquisition of a 9.895% stake. He has since increased his direct and indirect stakes to 0.82% and 19.93% respectively.

Then in December 2023, Ong also surfaced as a substantial unitholder of Hektar Real Estate Investment Trust (KL:HEKTAR) with direct and indirect stakes of 8.465% and 19.997% respectively.
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The article seemed to give stage lighting to Datuk Eddie Ong Choo Meng, acquiring the stake on his personal capacity.
ciwi1166
post Jun 24 2024, 08:37 PM

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Juan86
post Jun 24 2024, 08:47 PM

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this mall is a good place to bring siam bu walk walk

wife and gf just wont go there
rooney723
post Jun 24 2024, 08:50 PM

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need see how big is the mall first, malls nowadays need to be big enough to attract better tenants and doesnt end up like those neighbourhood malls, developers should stop building more neighborhood malls, they need to understand that most people wont go to neighborhood malls during weekends
sexysarah1992
post Jun 24 2024, 08:54 PM

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QUOTE(cms @ Jun 24 2024, 06:59 PM)
Yes, that's the issue, its too cheap.

So every worker, park whole day. Customer park where?
*
Workers only park there on weekdays la. Besides , they will only park at the old wing . Theres plenty of parking at the new wing. Go to the higher floors. Plenty parking there. Use the one card for easier access .
sexysarah1992
post Jun 24 2024, 08:56 PM

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QUOTE(EX Unseen Forces @ Jun 24 2024, 08:24 PM)
PJU and PJC has to many malls. Each of them at least 10.
Mostly township has 2-3 max.
Like Puchong only Giant Kinrara, IOI mall and Lotus's
Kepong only AEON, Lotus's and Brem Mall
Cheras only Leisure Mall, EkoCheras, Cheras Sentral
Bukit Jalil/Sri Petaling only Endah Parade, PBJ, The Store's

Kind of weird PJS got only 1 mall, which is Matahari. PJ should focus more malls on PJS.
*
Most PJS areas are shitholes la. No developer wanna open malls in shithole areas with a big concentration of B40s. Other than PJS, you are never gng to be able to fight pyramid
ticke
post Jun 24 2024, 09:10 PM

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scrap and do condo more $$$ return

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