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.

Tourism News Update, 4 March 2011

Trademark for Homestay still in application

MELAKA: Tourism Minister Dato’ Sri Dr. Ng Yen Yen said, the ministry is in the process to register the trademark for the Homestay program, to distinguish between the normal Homestay programme and Homestay programme recognized by the ministry.  Ng said that the registration for Homestay’s trademark is important, as the tourists would know clearly whether a Homestay operator follows the rules set by the ministry, or just a normal Homestay. Ng pointed out that should a Homestay recognized by ministry, it must at least comply with few criteria, such as located in Kampung area with not less than 10 houses, have some cultural activities held during the stay of foreign tourists, and etc. In 2010, about 196,000 tourists joined the Homestay programme, with receipts of RM12.4million. 

Sungai Rambai, Melaka will be having Rural River Cruise soon

MELAKA: Tourism Minister Dato’ Sri Dr. Ng Yen Yen announced that an RM800,000 of allocation will be channelled to the state to get a cruise going on the Sungai Rambai. She said the decision was made as the cruise will pass through villages and tourists will see jungle, swamps, birds, animals and orchards.

Rising challenge for airlines industry in 2011 as fuel price surged

PARIS: The prediction of International Air Transport Association (IATA) revealed that airlines stand to earn almost 50% less this year than in 2010 as rising oil prices limit the benefits of a rebounding economy. IATA cut its forecast for industry profit to US$8.6bil from the US$16bil. IATA raised its oil price prediction to US$96 a barrel for Brent crude from US$84, lifting the industry fuel bill by US$10bil to US$16bil.

National Craft Day is coming now

National Craft Day is now held at Craft Complex, Jalan Conlay; the exbihition will be ended on March 7. visitors can feast their eyes on rare heritage crafts. Its open from 10am to 10pm. You can try to check out Royal Terengganu Songket's award-winning Baroque sampin (Asean Silk Fabric and Fashion Competition) at its booth.