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The Central i-City mall expects increased revenue as a result of new tenants, including the arrival of Maybank

By Sharen Kaur - Published in NST Property,  December 3, 2021  Central i-City mall opened in Mach 2019 sharen@nst.com.my Central Plaza i-City Real Estate Sdn Bhd anticipates that its flagship Central i-City mall in Selangor's capital city will generate more than RM50 million in revenue in 2023 as it signs new tenants and renews leases that expire next year. The mall, which has about 350 retail stores, kiosks, and pop-up shops, is currently 87 percent occupied, according to Anthony Dylan, the company's chief operating officer. He expects the mall to be 95 per cent occupied by next year, with the remaining five per cent kept as a buffer for new brands looking to enter.  "We were aiming for 95 per cent occupancy in the first year of operation based on our three-year plan, and we achieved 87 per cent despite Covid. We are only seven to eight per cent short. New tenants are preparing to move in as we speak. TGIF is opening today (December 3)," he told NST Property. Sogo De

The Andaman Langkawi is expected to reopen in the second half of 2023

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Unsold residential units worth RM19.7bil are still on the market

LBS Bina is on track to meet its RM1.2bil sales target for 2021

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Berjaya Group set to open more hotels in Iceland, including a Four Seasons brand

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More stimulus is required for a faster recovery of the housing market