It's no secret that Malaysians love to shop; rain or shine, you'll find us in shopping malls. But some economic experts are forecasting the buying habits of Malaysians to change soon, given the current economic climate.
A retail expert told The Malaysian Insight that some malls are facing hard times as shoppers are slowly becoming more cautious about their spending. Retailers have also taken a step back in their business expansion plans.
"With the current market condition, it is good if a mall can open with 80% occupancy rate in the first month," he said.
However, it appears that new mall openings are not slowing down. Listed below are some shopping spots in Klang Valley that will open its doors over the next two years:
1. KL Eco City Retail Podium
Location: Kampung Haji Abdullah Hukum, Kuala Lumpur Developer: SP Setia Expected opening time: Late 2017
Situated within KL Eco City, this four-storey mall will offer approximately 300,000 sq ft of space. The mall aims to provide F&B and retail outlets for the KL Eco City community, which is surrounded by Bangsar South and Midvalley.
2. Evo Mall
Location: Bandar Baru Bangi, Selangor Developer: PKNS-Andaman Development Expected opening time: Late 2017
Evo Mall is a project under construction by PKNS-Andaman Development Sdn Bhd in Bandar Baru Bangi, Selangor. It is a joint venture between Selgate Corp Sdn Bhd and Andaman Realty Sdn Bhd.
The four-storey Evo Mall spreads over 250,000 sq ft of space with a total of 110 retail outlets, which will feature restaurants and cafes, boutiques, and entertainment.
3. Amerin Mall
Location: Seri Kembangan, Selangor Developer: Capital Trend Asia Expected opening time: Late 2017
The RM80 million Amerin Mall will house three levels of retail space, ranging from retail fronts to F&B shops. Amerin Mall will be competing with two other malls in the vicinity: The Mines Shopping Mall and Aeon Cheras Selatan Store & Shopping Centre.
4. Four Seasons Place Retail Podium
Location: Kuala Lumpur City Centre Developer:â€Ž Venus Assets Expected opening time: Late 2017/early 2018
Four Seasons Place and Four Seasons Hotel Kuala Lumpur are the brand's first integrated development in South-East Asia, managed by Four Seasons Hotel and Resorts.
Located strategically next to KLCC, the 1.5 million sq ft development will consist of over 300,000 sq ft of luxury retail space, with more than 230 hotel rooms, as well as hotel service apartments and residences.
5. Selayang Star City
Location: Selayang, Selangor Developer: Leadmont Development Expected opening time: Early 2018
Leadmont Development had initially planned to launch the mall by the second quarter of 2017. Due to certain remodelling exercises, its expected completion date has been pushed back to 2018.
The mall will contain seven storeys and provide visitors with four levels of retail space spanning 550,000 square feet.
Location: Jalan Cheras, Kuala Lumpur Developer: Ekovest Expected opening time: Mid 2018
Slated to open in mid 2018, the mall will have some 625,000 sq ft of area; which is part of EkoCheras, a 12-acre mixed-use development comprising of serviced apartments, office suites, hotel suites, and the retail fronts.
7. GM Robertson
Location: Jalan Pudu, Bukit Bintang, Kuala Lumpur Developer: Gamuda Expected opening time: Mid 2018
Part of a large scale residential project by Gamuda, the 10-storey retail outlet will be situated next to two residential towers with a maximum of 46 storeys high.
8. Horizon Village Outlets
Location: Sepang, Selangor Developer: Horizon Group Properties Expected opening time: Mid 2018
Previously known as Kuala Lumpur International Outlet (KLIO), Horizon Village Outlets will feature brands like Giuseppe Zanotti Design, Tumi, Swiss Watch Gallery, La Martina, and Kate Spade New York.
The premium outlet mall has a gross development value of RM400 million and will be located about 10km north of the KLIA and KLIA.
9. Tropicana Gardens Mall
Location: Kota Damansara, Petaling Jaya Developer: Tropicana Corporation Expected opening time: Late 2018
Tropicana Gardens is a mix of serviced apartments, offices, and a shopping mall with around 1.1 million sq ft of retail space. The massive project is helmed by Tropicana, which is best known for its Tropicana Golf and Country Resort development in Petaling Jaya.
10. Pavilion Damansara Heights
Location: Damansara Heights, Kuala Lumpur Developer: Pavilion Group Expected opening time: Late 2019
Pavilion Group's upcoming new mall is set to be the new metropolis of Damansara Heights, and comprises the Pavilion retail galleria, service residences, premier residences and corporate towers, according to its website.
It was reported in 2015 that a Canadian investment company bought a 49% stake in the mall for RM485 million.
11. Pavilion Bukit Jalil
Location: Bukit Jalil, Kuala Lumpur Developer: Pavilion Group Expected opening time: Late 2019
As part of the 50-acre Bukit Jalil City project, the mall spreads over a massive 1.8 million sq ft of retail space. Pavilion KL's Head of Retail Datuk Joyce Yap said over 1,000 businesses have registered as potential tenants in the shopping centre.