By Farah Wahida
Six more shopping centres are expected to open in Klang Valley by 2013, in addition to the 210 currently operating in the area, said Tan Hai Hsin, Retail Managing Director at Henry Butcher.
The six include Encorp Strand Mall in Kota Damansara, Nu Sentral in KL Sentral, Cheras Sentral in Cheras, D’Pulze in Cyberjaya, KLIA 2 in Sepang and Market Hall @ Pudu along Jalan Pudu. Their combined net floor area is expected to reach two million sq ft.
In particular, Encorp Strand Mall, which will be located at the heart of Kota Damansara, is near to the upcoming MRT station and will to cater to 500,000 strong population of Kota Damansara.
Eric Chew, Head of Property at Encorp, said that the mall’s close proximity to other commercial centres may present a big challenge.
“It is certainly a competitive retail market out there and other merchants and service providers are constantly innovating new strategies,” he added.
Featuring “a unique combination of boutique style shopping with premium brand experience,” the mall will also boast a multi-tiered security system and a select group of tenants.
Meanwhile, phase one of IOI City Mall in Putrajaya is expected to be completed in Q4 2014, with 1.35 million sq ft of net lettable area — making it the largest mall in the south of Klang Valley.
Over at Jalan Cheras in Kuala Lumpur, Sunway Velocity’s integrated project known as V Retail will feature a one million sq ft lifestyle retail mall, which is scheduled to be completed in 2015.
Search Property News
November 2012 Property News
- Will Legoland stimulate Johor's property market?
- Rental boom in the UK
- Second Penang Bridge could beat completion schedule
- Penang World City illegally promoted on Facebook, says developer
- Penang says no to gambling, declines opening casinos
- MoF plan for Pudu Jail site not feasible
- Build more eco-friendly buildings, says Chor
- SP Setia to develop 1NIH complex at Setia Alam
- Elderly Chinese couple living in the fast lane
- Corruption committee asks amendment to the MACC Act