More Shopping Complexes and Hotels will be operating in Klang Valley

According to a report released by Oriental Daily, about 60 shopping complexes will be operating this year in Malaysia; In Klang Valley alone, another 10 shopping complexes will be emerged this year, with its total spaces equivalent to 42 football fields. Some experts said that most of the shopping operators will face difficulties in leasing out the shop lots.

Following is the list released by international renowned property research house, Henry Butcher Malaysia, which has shown some shopping complexes under construction in Klang Valley.

Name of Shopping Complexes	Location	Nett Retail Spaces(sf)
1 Shamelin	Taman Shamelin, Cheras	32.2
Citta Strip Mall	Kota Damansara	43.3
Festival Mall	Setapak	35.0
First Subang	Subang Jaya	12.0
Jaya Jusco, Bandar Sri Permaisuri	Cheras	15.0
One Mont Kiara	Mont Kiara	26.0
Viva Homes	Jalan Lok Yu	66.0
Zone.e	F&N business park Sg.Besi	20.0
The Scott Garden	Jalan Klang Lama	25.0
Kenanga Wholesale City	Taman Kenanga	50.0

Obviously, the development of shopping complexes projects will end up benefit the public, as most of them can have more place to hang out during the weekend; it will also boost the domestic consumption power.

Nevertheless, the shopping complexes operators, as well as the project developer have to ensure that such development will not be suddenly turned to be an abandoned project, as the existence of some possibilities that there will be no tenants to buy or rent their shop lots.

  

Meanwhile, when we concern over of the above issues, there is another same issues arise – we should be made aware that there will be more and more hotels to be built and operating in Klang Valley. Is this trend showing that we have more demand from tourists? Anyhow, we cannot have any conclusion or answers on this question.

Now let me tell you the story, there will be more accommodation for tourist in the Klang Valley areas.

There are a handful of hotels scheduled for openings in year 2011.

-          515-room 5-star Pullman Kuala Lumpur in Bangsar

-          300-room 4-star Royale Surian in Mutiara Damansara

-          445-room 4-star Park Regis (formerly Rendezvous Hotel) at Taragon Puteri Kuala Lumpur.

In addition to the above, there are also few top hotel brands that will make entry into Kuala Lumpur.

The hotels are 450-room 5-star Grand Hyatt Hotel at Jalan Pinang, Kuala Lumpur that is scheduled for completion in 2012, the 240-room Four Seasons Hotel in the KLCC vicinity that is scheduled for completion in 2013 and 200-room St.Regis which is to be launched in 2014.