Thean Lee Cheng

Recent and archived articles by Thean Lee Cheng

12 Mar 2018 | 7:00 AM

Parkson Holdings to expand in new malls, pull out from less popular ones

PETALING JAYA: Parkson Holdings Bhd is looking to open in several new locations with a presence in newer and more exciting malls while exiting those that do not fit in with the company’s market dynamics.

8 Mar 2018 | 7:00 AM

Parkson outlines mall strategy

It wants to be in the right place for customers and market it is seeking

Closed down: Parkson’s Sungei Wang Plaza outlet was the latest store to be closed, shuttering on Feb 26. Parkson had had a presence there for about 30 years.
10 Feb 2018 | 7:00 AM

New units entering auction market

Present trend of never-lived in property going under the hammer

For auction: More never-lived in units entering the auction market currently.
5 Feb 2018 | 7:00 AM

Retail sector enters consolidation phase

PETALING JAYA: The retail sector is entering a consolidation phase with retailers re-strategising in order to adapt to new challenges, the Association of Complexes Management Malaysia said.

Chen: The retail market is still affected by the imposition of the goods and services tax. Given that household debt against the GDP is still relatively high, at about 85, this will impact the discretionary spending ability of consumers
27 Jan 2018 | 7:00 AM

Three real estate deals hog the headlines

THERE are three deals that have hogged the conversation in real estate circles lately. Never before have so many deals popped up in the short span of one month. And January is not over yet, and the money involved is a staggering RM12.8bil.

Iconic building: A file picture showing construction cranes in operation around Battersea Power Station in London. Analysts maintain that selling the building, will help developers S P Setia and Sime Darby Property with their cash flow. — Reuters
26 Jan 2018 | 7:00 AM

Battersea deal ideal for funds seeking recurring steady income

KUALA LUMPUR: The proposed sale of Battersea Phase 2 to a joint-venture company to be formed by Permodalan Nasional Bhd (PNB) and the Employees Provident Fund (EPF) “need not necessarily be a bailout” because the two funds have deep pockets and essentially are asset managers seeking recurring and steady returns from investments, analysts said.

Construction cranes are seen in operation around Battersea Power Station in the Nine Elms area of London, Britain, October 25, 2017. - Reuters filepic
24 Jan 2018 | 7:00 AM

Challenging times ahead for Johor property market

PETALING JAYA: The Johor property market is expected to be challenging this year with buyers taking a wait-and-see attitude in view of national and global uncertainties.

17 Jan 2018 | 11:43 AM

Property market to be flattish in 2018, says CBRE WTW

KUALA LUMPUR: The Malaysia property market is expected to be "flattish" in 2018 with low single digit growth in terms of prices with greater pressure on serviced offices home offices (SoHos), says a top property valuer.

13 Jan 2018 | 7:00 AM

Exchange 106 shaping up to be the tallest

Mulia Group boss prefers to let his building do the branding

Sky view: Artist’s impression of the sky lobby or observation deck at level 57 of The Exchange 106.
13 Jan 2018 | 7:00 AM

Vacant office space poser after relocation to TRX

ACCORDING to the Tun Razak Exchange (TRX) website, “marquee status companies” licensed to operate in certain financial services sub-sectors will enjoy a slew of incentives.