Earlier in January, Free Malaysia Today reported that 27 new malls would be popping up around Kuala Lumpur by 2028. With retail occupancy being at an all time low, Malaysians were baffled by the news.
The Klang Valley, which constitutes Putrajaya and Selangor, exhibits 59 million sq ft of mall space, a figure equivalent to 51 Suria KLCC malls. Yet, despite the lack of demand and necessity for shopping malls, new ones seem to be popping up left, right and centre.
Malaysian Malls Are Getting More Empty, But New Ones Are Still Being Built.
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