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2 comment(s). Last comment by Talib 2020-05-03 11:17
Posted by Bearvsbull laputee > 2020-05-03 10:04 | Report Abuse
Once upon a time, shopping malls was cash cow! Build one and rent out the units, you are assured of money falling from sky!
But then comes online shopping! Which took huge chunk of shoppers! Heck, why the hassle of shopping when you can shop at home and delivered directly to your home! Hence for the last few years, the boom in online shopping render many shopping malls half dead!
However, the arrival of China virus or best know as Covid19 most probably finally break the camels back! Shopping malls which are air conditioned is perfect spreading of Covid19! Only Genting can afford to install Hepa filter or UV filter to kill virus!
During this 2 months MCO, shopping malls require tons of maintance to ensure it will be in operational condition when government allows it to operate again! And that may take months away!
So expect many malls calling it day! Just like how few 5 star hotels already close shop and many budget ones have fold!
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Koon Yew Yin's Blog
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THE INVESTMENT APPROACH OF CALVIN TAN
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CEO Morning Brief
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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by Bearvsbull laputee > 2020-05-03 09:57 | Report Abuse
Reality!