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Commercial Retail Property

Discussion in 'A Singaporean's guide to Living In JB' started by snowbird, Oct 4, 2016.

  1. snowbird

    snowbird Alfrescian Old Timer

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    Thanks for pointing out, my error.
    Correction on typo, it should read : Petronas is now cashless very soon, needs to cut..............to stay relevant
    But facts remain : cut staff, cut operation cost, cut capital expenditure, needed to negotiate down the dividend revenue to Federal from RM26 billions to RM16 billions, take bank loans, etc. by a once extremely cash rich company in Malaysia.
    The essence of my post is the same.
     
  2. sgtsk

    sgtsk Alfrescian Old Timer

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    It is not a bickering but a debate here. What are you suggesting?
     
  3. xebay11

    xebay11 Alfrescian Old Timer

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    Discuss about commercial property.
     
  4. snowbird

    snowbird Alfrescian Old Timer

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    Yes, fortunately or unfortunately, usually most of the commercial retail properties are owned by the Chinese.
    All that said but how relevant is it to the question here - how is the commercial retail property doing in JB?
     
  5. xebay11

    xebay11 Alfrescian Old Timer

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    Well located ones in upscale residential areas with good access are doing well.
     
  6. snowbird

    snowbird Alfrescian Old Timer

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    Name some areas please.
    I mentioned Sutera Utama and Bukit Indah, aren't they within upscale residential areas with good roads connectivity?
    But shoplots there had been left vacant for about 2 years now.
     
  7. sgtsk

    sgtsk Alfrescian Old Timer

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    I am sure your suggestion would be given due consideration
     
    Last edited: Oct 5, 2016
  8. xebay11

    xebay11 Alfrescian Old Timer

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    Taman Molek area, Mount Austin, but of course the later releases seem to be vacant.
     
  9. snowbird

    snowbird Alfrescian Old Timer

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    shop3b.jpg

    Usually, when you come across an empty shoplot seeking sales or rental, you'll find 10, 20 banners and posters and stickers hanging or pasted all over the unit like this one.
    So, who is the owner or main broker or co-broker?
    Can any property agent stick their contact numbers all over the place?
    Is their any control on such practice?
     
  10. jbrts

    jbrts Alfrescian Old Timer

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    I think one reason is residential buyers are more leveraged. For commercial, banks don't give as high loan.

     
  11. snowbird

    snowbird Alfrescian Old Timer

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    Was shopping at the popular Sutera Mall last weekend and wanted to visit the Killiney Kopitiam, which is located right next to the main entrance but was shocked to find it vacated and shuttered.
    Think it was only about 3 years old, sigh!
    Another retail casualty.
     
  12. FHBH12

    FHBH12 Alfrescian Old Timer

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    Several mega-malls are opening in 2017 and 2018 in JB. Coupled with e-retail and inflation, expect more retail casualties ahead.
     
  13. RedsYNWA

    RedsYNWA Alfrescian Old Timer

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    Great location. Dont mind taking over the unit!
     
  14. potter

    potter Alfrescian Old Timer

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    Noticed nowadays many SYT cheong to JB during weekdays via bus. areas they roam around is similar to 2.4M dollar man (typical; no surprise one). :p
    they find it very happening in JB, especially they liked to go to their kopitam...oops.. is Bistro.
    they told me what they hear and things they see, is diff story. but I tiam tiam and i give them some tips to move further north..

    The moral of the story....guess.:p
     
  15. winners

    winners Alfrescian Old Timer

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    I have been told that when the nearby Kemayan City Mall will be ready, Sutera Mall will take a backseat. Kemayan City Mall was abandoned for several years already, but is presently being revived again.
     
  16. wuqi256

    wuqi256 Moderator - JB Section Old Timer

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    Yes it is, under the new name of Paradigm Mall. Hope that it will take off this time.
     
  17. snowbird

    snowbird Alfrescian Old Timer

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    Hopefully, but also hopefully not at other shopping malls' expenses.
     
  18. RedsYNWA

    RedsYNWA Alfrescian Old Timer

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    Killiney unit has already been taken over by another operator. Hot location. Too slow, haiz.
     
  19. snowbird

    snowbird Alfrescian Old Timer

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    Alamak, so slow how can!
    Anyway the shop replacing Killiney is another eatery, a local one 雪山飞糊, as the name suggest, selling ice shaving snack. Tried their food at another branch, nothing great and there is already another 2 more shops just stone throw away selling similar stuff. Hopefully they'll last longer than one lease term cos, another famous cafe further down had just closed.
    But again, selling something different and unique may have it's challenge.
    A new shop just opened there selling Hokkaido Cheese tart. But it's just too expensive for a regular Johorean that, unlike their Tokyo branch which I've been, is partially having long queues for their hot freshly baked delicious tarts. The local branch has no queue at all with their cabinet full of cold unsold tarts.
     
    Last edited: Mar 13, 2017
  20. snowbird

    snowbird Alfrescian Old Timer

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    Double post cancellation
     
    Last edited: Mar 13, 2017

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