THE outlook of the Malaysian shopping centre industry, especially in the Klang Valley, is worrisome. The nation needs a Retail Masterplan to develop its shopping centre industry in a healthy way, said Henry Butcher Shopping Centre Consultants Sdn Bhd managing director Tan Hai Hsin.
In his paper on the current state of the shopping centre industry and strategies to revive it presented at the 14th National Real Estate Convention 2003 in Kuala Lumpur on yesterday, Tan said the Retail Masterplan, a structured plan with regulations and policies, should be undertaken by the government with the participation of private sector.