Competition, survival of the retail sector

Richard Chan, Building Managers Association of Malaysia committee member and Malaysian Association for Shopping and High-Rise Complex Management past president

THE intensifying competition within the burgeoning retail property market will see more malls and shopping outlets diversifying their product offerings as they try to stay competitive and fight for survival.

Malaysian Association for Shopping and High-Rise Complex Management past president Richard Chan says the food and beverage (F&B) segment, which tends to be one of the more resilient sectors during an economic slowdown, has been seeing steady growth in occupancy levels over the years.