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Pemilik shopping complex mengeluh kutipan sewa merosot
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thestar.com.my
Short Position - Rentals downside, Courier licence freeze
Saturday, 31 Oct 2020
More downside for rentals?
EVEN before the Covid-19 pandemic, rentals in retail outlets in some areas were already sluggish due to oversupply. The pandemic dealt a killer blow as retail outlets saw shopper traffic falling by as much as 50%.
In some instances, such as the retail outlets under Capitaland Malaysia Mall Trust Bhd (CMMT), the decline in shopper traffic for the third quarter was down 32% compared with the same period last year. Nevertheless, it was much higher than the second quarter shopper traffic.
Nevertheless, the decline in rental rates for CMMT is not as bad as some of its peers. For the first nine months of the year, CMMT, which has five malls, under its belt saw its average rental revenue decline by 22%.
The rental revenues for IGB Real Estate Investment Trust Bhd (IGB REIT), which owns the Mid-Valley Mega Mall and the Gardens, has experienced a 27% decline in gross rental revenues for the first nine months of the year.
Two other notable retail mall owners are Sunway REIT Bhd and KLCC Property Holdings Bhd (KLCCP). Based on the first six months numbers, Sunway REIT’s rental numbers are about 7% lower while the decline in KLCCP is almost 19%.
On average, most malls have seen a decline in rental rates of about 20% or more.
IGB REIT’s performance, which is a decline that is higher than the average of the other malls, may probably be due to the bigger discounts the management has given to tenants to weather the storm during the pandemic.
Maybe, its tenant mix is not as strong as other malls, which resulted in many shops closing or being unable to pay the rentals.
If any of the retail owners had thought that the worst challenge they would face is the Covid-19 pandemic, they are wrong. There are a slew of mega malls that are coming into the market from next year.
Merdeka PNB118, the tallest building in Malaysia, is due to come into the market next year. It will only add on to the oversupply of retail space. And this oversupply will not have a vaccine or cure.
Courier licence freeze
IT is always a delicate balancing act in how government’s dish out licences to operators providing important services to the public.
They include banking, telecommunications, courier and e-money services.
Too few licences would tend to inhibit competition. But too many licences brings about another problem – intense competition that leads to price wars which could ultimately damage the profitability of operators.
That, in turn, would inhibit them from investing and becoming innovative. Players then shut down and many lose jobs.
Two examples of such cases are obvious. One is e-money licences issued by Bank Negara. At last count, there were some 54 licencees, including six banks.
In comparison, China, which has a population of around 1.4 billion, is served by two main e-wallets – WeChat Pay and Alipay, both are hugely successful players.
This is why the industry is said to be poised for consolidation.
The smaller e-wallets will either see themselves being acquired by the bigger boys or die a natural death.
Another sector is courier services. As of October, there were 109 multi-category courier service licencees operating in Malaysia.
This week, the Malaysian Communications and Multimedia Commission (MCMC) said it would not issue any new courier licences for two years.
MCMC said the moratorium was implemented to allow the government, along with postal and courier players, to address the various industry challenges stemming from technological changes and market trends.
However, a consumer group has voiced concern over the freeze, calling it a “backward” move and one that would give the big players a monopolistic advantage. But while the concern is understandable, the reality is that with so many licences issued, there can’t be monopolistic concerns.
In fact, the courier industry does look like it is overpopulated, which is already resulting in some players dying out. It is learnt that the industry currently employees more than 60,000 people, and the figure is likely to be more than 100,000 if agents and contractors related to industry are included.
By freezing the licences now, it gives a chance to the sector to become sustainable and to grow in line with the boom in e-commerce.
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Mahal btol harga sewa kedai dlm mall |
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Twngok bangunan star wars.kat tapak kilang panasonic kelana jaya tu.pung.dah cukup dah..sendhoooo...
Iols slalu cakap dgn laki.iols
Sapa la nak sewa neh...
Kosong hampir.semua.. |
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ade satu restoran makanan segera dia punya sewa bulanan rm200,000. tpi ok la sale seari pun rm70,000. |
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Lagi berapa hari i pergi meriah kan shopping mall di kl.... Tiada orang shopping kan.. I pergi |
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Dah tu bina lagi shopping mall banyak2.
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Sekarang ni bukan zaman kedai brick & mortar dah.
Sekarang ni zaman online.
Order online, barang sampai rumah.
Kalau gagal utk ikut trend semasa, nanti jadi la macam company Nokia tu.
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dah ada oversupply, pegi tambah lagi supply sampai membuak2 lah jumlah lot kedai. tapi semua kosong belaka. ni gerenti nak naikkan sewa mendadak tahun depan sebab nak cover tahun 2020 punya kutipan yang kurang. |
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aku kenal sorang pemilik restoran pejabat
sewa sebulan pun RM15,000
tu baru area pejabat
kalau shopping complex
lagi la mahal sewa |
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sewa foodcourt Mid Valley
RM10K |
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memang la sekarang ni susah , org pun tak nak keluar unless necessary , pi wangsa walk just now, memang kurang org , in a way bagus la sebab mematuhi saranan KKM but satu aspek memang business dalam mode slow motion...nak buat macam mane , kan? tough situation. |
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Padanlah pun....shopping mall dibina developer mencerminkan falsafah tamak gila...100% ruang maximize utk lot kedai...dia punya courtyard pula bersusun kereta valet...
Xde langsung tempat2 lepak utk tgk air pancut ka, picnic ka, u know utk public socialize, berinstalacur bagai...except suria klcc....the curve (tu pun besar cinonet)...
1u pulak ada garden berpagar tapi kena cross jalan, shitty unfriendly design. Rainforest dia so-so.
Mytown tu lagilah sapa la designer dataran sendu dia...really uninspiring.
Idk, but semua org terlibat dalam real estate baik mall, office, high rise utk rental investment memang dah kena karma...padan muka!!!!
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Key el byk sgt shopink mall.
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pkp salah, bg operate salah..hbs korang nk apa? bodoh btol |
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brownstone replied at 31-10-2020 11:22 PM
Padanlah pun....shopping mall dibina developer mencerminkan falsafah tamak gila...100% ruang maximiz ...
Nama pun shopping mall, memanglah fikir nak kaut untung ja...siapa yang nak rugi buat segala taman bagai..
Tapi dengarnya menara pnb dan trx akan buat taman ala klcc...ada kawasan riadah..tapi kita tengok aja lah nanti besar mana sangat tamannya...selalunya dalam gambar punya cantik tunjuk kehijauan, bila dah siap cinonet aja hijaunya... |
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Tu la.. shopping mall besepah.. yg dok ada pon sendu buat lg baru.. heran betui..
Ada kwn aku ni cadang.. dpd buat mall belambak2 lebih baik majukan sektor pertanian |
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Untuk mall besar, tapak cinonet kedai hujung2 di floor yang tak ramai orang (selalunya tingkat paling atas atau paling bawah)...sewa sebulan sekitar 20K...
Sebab itu, sama seperti di benang2 lain, aku galakkan orang shopping..tak kira lah guna duit gaji atau duit BPN atau duit scam orang
Engkauorang dalam porem bertekak benda remeh tak puas hati sesetengah golongan dapat BPN, sedangkan kat luar ni, ramai tengah serabut kepala memikirkan bisnes tak ada sales...belanja ajalah duit tu beli benda merapu sekalipun, asalkan ekonomi berjalan...
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Contohilah gmklang yach. Mall bg iglive n jln2 kat kedai, promot kedai, bg alamat fb n ig wasap lg utk kedai survive. Bagi quiz n hadiah. Jgn nk eksen2 highclass time ni. Yg penting income masuk. |
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tak takut kobis ke? kobis menguasai dunia
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