Malls start refocusing on suburbs

With numerous reports highlighting the increase in retail space, it is no small wonder that there is growing concern over the oversupply of retail space in the market.

Earlier this year, a report by property consultant CH Williams Talhar & Wong Sdn Bhd noted that retail space is expected to increase by 6.4mil sq ft this year. That works out to be roughly five malls the size of KLCC.