Why strata malls are struggling to survive

Queensway Shopping Centre, a sports-oriented mall known for its array of bargain-priced apparel, is a strata-titled development that is bucking the downward trend. Units at King Albert Park (top) and Novena Regency remain unoccupied despite the malls
Units at King Albert Park (above) and Novena Regency remain unoccupied despite the malls’ relatively good locations near MRT stations.ST PHOTO: JONATHAN CHOO
Queensway Shopping Centre, a sports-oriented mall known for its array of bargain-priced apparel, is a strata-titled development that is bucking the downward trend. Units at King Albert Park (top) and Novena Regency remain unoccupied despite the malls
Units at King Albert Park and Novena Regency (above) remain unoccupied despite the malls’ relatively good locations near MRT stations.ST PHOTO: SYAZA NISRINA

Poor tenant mix and absence of coordinating body to do promotions cited as factors

It is late afternoon on a weekday and the Novena Regency strata-titled mall looks more like a ghost town than a consumer hub.

There is not a single person walking about, shutters are down on many shops, while the majority of units are vacant. A handful of eateries are open, but they have few customers, if any.

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A version of this article appeared in the print edition of The Straits Times on October 08, 2018, with the headline 'Why strata malls are struggling to survive'. Print Edition | Subscribe