According to a statement provided by Henry Butcher Retail managing director Tan Hai Hsin, there are currently about 210 shopping centres in Klang Valley and six more are expected to open next year.
The six include Nu Sentral in KL Sentral, Cheras Sentral in Cheras, KLIA 2 in Sepang, Encorp Strand Mall in Kota Damansara, D’Pulze in Cyberjaya and Market Hall @ Pudu along Jalan Pudu, commanding more than two million sq ft of nett floor space in total.
Placed right in the heart of Kota Damansara, Encorp Strand Mall is easily accessible via several highways. It is also close to a future MRT station.
The development is said to cater to 500,000 Kota Damansara folk.
Encorp head of property, Eric Chew said the close proximity of other commercial centres and malls would probably be the biggest challenge.
“It is certainly a competitive retail market out there and other merchants and service providers are constantly innovating new strategies,” he said.
On strategies to give Encorp Strand Mall the winning edge, Chew said the mission was to make this the mall of choice for the surrounding residents.
“The unique experience we are offering to customers, from its ambiance to service and security, will make sure the mall delivers our philosophy of ‘Anything But Ordinary’.
“The mall will feature a unique combination of boutique-style shopping with premium brand experience, carefully selected group of tenants for entertainment outlets and a multi-tiered security system.
“We are confident that what we offer will set a new benchmark in urban local retail and become the one-stop neighbourhood mall to cater to all the daily needs of families,” Chew said.
Over in Putrajaya, phase one of IOI City Mall is set to be the largest mall in the south of Klang Valley with 1.35 million sq ft of nett lettable area.
Upon completion in the fourth quarter of 2014, the mall with contemporary architecture will boast 350 specialty shops and four anchor tenants. IOI City Mall head of marketing and leasing, Chris Chong said the mall, designed by RTKL International Ltd, would have an abundance of natural light and offer a view of the 18-hole Palm Garden golf course.
Located within the IOI Resort City, the mall will house 80 food and beverage outlets, popular fashion brands, indoor theme park, cinema, bowling centre and a full-size ice rink.
“The fact that we are in a location without any other regional mall is a unique feature. IOI City Mall will be an alternative to shopping in the city centre, catering for 1.8 million people within a 20-minute drive,” Chong said.
He added that safety and security within the development would be the priority of the mall management.
Meanwhile, Sunway Velocity, an integrated development in Jalan Cheras, Kuala Lumpur will feature a one million sq ft lifestyle retail mall.
Known as V Retail, it is targetted to be completed in 2015.
Related Stories: Expansion and refurbishment needed to keep up Malls in every corner