Retail space competition set to intensify


PETALING JAYA: The opening of The Exchange TRX this month is expected to generate more retail space competition in the local real estate investment trust (REIT) sector.

CGS-CIMB Research said The Exchange TRX which is slated to be open to the public tomorrow, is likely to be a direct competitor to Pavilion KL and Suria KLCC, given its location and target market of mid-to-high-end customers.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Oil prices head for 2% weekly gain as Fed hopes boost market, Venezuela tensions loom
Ringgit opens stronger at RM4.10 vs greenback
Subdued trading on Bursa continues as traders await Fed rate decision
Trading ideas: DRB-Hicom, Al-Aqar, Haily, Pharmaniaga, Gagasan Nadi, Paragon, Orkim, BMS, VS Industry, APB, Destini, MSC, Only World, HB Global, Jetson
Indices end near flat, supported by Fed hopes
Ringgit to hold firm into next year
Opportunity for investors to profit from Spritzer
PSP Energy set to expand marine fuel business
Haily wins RM43mil housing job
DRB-Hicom to pay US$111mil for Spirit Aerosytems

Others Also Read