Sunday, 24 February 2013

Upcoming Shopping Malls in Klang Valley


We always wonder whether there is an oversupply of shopping malls in Klang Valley. Here are some points to be noted all about shopping malls in Klang Valley. As of Feb 2013, there are currently about 210 shopping centres in Klang Valley. There are millions sq. ft. of lettable area will be ready for tenants in 5 years time.   

There are 6 shopping malls that currently in advance stage and will be completing in these 2 years. What are the six shopping malls that completing in 2013? The six include Nu Sentral in KL Sentral, Cheras Sentral in Cheras, KLIA 2 in Sepang, Encorp Strand Mall in Kota Damansara, D’Pulze in Cyberjaya and Market Hall @ Pudu along Jalan Pudu, commanding more than two million sq ft of nett floor space in total.

Encorp Strand Mall with the philosophy of ‘Anything But Ordinary’. The mall will feature a unique combination of boutique-style shopping with premium brand experience, carefully selected group of tenants for entertainment outlets and a multi-tiered security system.

Phase one of IOI City Mall in Putrajaya is set to be the largest mall in the south of Klang Valley with 1.35 million sq ft of nett lettable area. Upon completion in the fourth quarter of 2014, the mall with contemporary architecture will boast 350 specialty shops and four anchor tenants. IOI City Mall designed by RTKL International will have abundance of natural light and offer a view of the 18-hole Palm Garden golf course. The mall will house 80 food and beverage outlets, popular fashion brands, indoor theme park, cinema, bowling centre and a full-size ice rink.

How many more in the pipeline and what are the net lettable area that we are emphasizing on? Below is a tabulation of upcoming shopping in Greater KL more than 1 million sq. ft. : -

Item
Shopping Mall & Location
Net lettable aea
1
KL Metropolis Matrade Retail
11.4mil
2
IOI City Mall, Putrajaya
2mil
3
Boustead Retail Cochrane & IKEA
1.2mil
4
Subang Jaya City Centre
1.2mil
5
Empire City Thematic Malls
1mil
6
PJ Sentral Garden mall & Inddor SKI Area
1mil
7
I-city Mall with Central Group
1mil
8
The Paradigm OUG Shopping Centre
1mil
9
Jalil City Mall
1mil
10
Tropicana Metropark Mall
1mil
11
Tropicana Gardens Mall
1mil
12
Icon City PJ Shopping Mall
1mil


Check out the subsequent updates for more detail on this.

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