29/10/2026
๐๐๐๐๐ ๐๐๐๐๐๐ ๐๐ ๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐ ๐๐๐+ ๐๐๐๐๐ ๐๐๐๐. ๐๐๐ ๐๐๐๐๐?
When 118 Mall opens at Merdeka 118 on 1 November, the real question is not whether people will visit. It is how much of that spending is genuinely new.
PNB Merdeka Ventures Sdn Berhad says it anticipates up to 22 MILLION visitors in its first year.
But look at the neighbourhood.
LaLaport BBCC, Berjaya Times Square, Sungei Wang, Plaza Low Yat, and Kuala Lumpur Pavilion Sdn Bhd are all competing for consumers within the wider central KL retail corridor.
LaLaport may face the most immediate pressure. 118 Mall has already announced brands including Adidas, Converse, Babyshop and BookXcess, all also represented there.
There is another possibility.
๐ ๐๐ฅ๐๐๐๐ ๐ญ๐ญ๐ด ๐๐ข๐จ๐๐ ๐๐ฅ๐ข๐ช ๐ง๐๐ ๐ช๐๐ข๐๐ ๐ฃ๐๐ by drawing more tourists into the precinct and connecting retail, heritage, food and entertainment.
Either way, generic malls and generic retailers will increasingly struggle.
๐๐ฟ๐ฒ ๐๐ฒ ๐ฒ๐
๐ฝ๐ฎ๐ป๐ฑ๐ถ๐ป๐ด ๐๐'๐ ๐ฟ๐ฒ๐๐ฎ๐ถ๐น ๐ฒ๐ฐ๐ผ๐ป๐ผ๐บ๐, ๐ผ๐ฟ ๐๐ถ๐บ๐ฝ๐น๐ ๐บ๐ผ๐๐ถ๐ป๐ด ๐๐ต๐ฒ ๐๐ฎ๐บ๐ฒ ๐ฟ๐ถ๐ป๐ด๐ด๐ถ๐ ๐ณ๐ฟ๐ผ๐บ ๐ผ๐ป๐ฒ ๐บ๐ฎ๐น๐น ๐๐ผ ๐ฎ๐ป๐ผ๐๐ต๐ฒ๐ฟ?
source : https://lnkd.in/p/gDVnGDub