If no one take up free rental perhaps Subang Parade must up for sale. Subang Parade is biggest mall(in value) owned by Hektar.
ParksonJust close it and move to Sunway Velocity. Losing is IOI not getting rental.
Posted by ks55 > Aug 6, 2016 06:50 PM | Report Abuse
Even Parkson Stall in IOI City Mall cannot attract customer, even though IOI City Mall is full of people during week ends.
Go and see for yourself...........
ParksonClosing down an un profitable outlet is easier than selling whole shopping mall when it gets empty. If you go to Penang One Stop is one example of abandoned shopping mall despite 20 years ago business is very good there.
Low Shen-CheangTo Parkson, any mall if badly managed will fail, and mall build with individual lots for sale are difficult if not impossible to manage. Those fail malls you mentioned fall into this category.