In Malaysia, property expenses for managing shopping malls can range into the millions of Ringgit annually, typically amounting to between RM4 to RM8 per square foot per month. These costs are largely influenced by the quality of services, facilities, and amenities provided by the mall. Among the primary expenses, utility bills (covering electricity, water, and heating/cooling) represent approximately one-third of the total costs.
The breakdown of property expenses encompasses various areas, including utilities, maintenance and repairs, security, insurance, management and operational staff, marketing, advertising, and promotions. Additionally, leasing management, tenant support, capital expenditures (such as renovations and upgrades), IT and technology investments, property taxation, legal fees, and valuation costs are also integral components of overall expenses.
We are pleased to share some of our insights into the property expenses of selected shopping malls, based on our findings.
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This blog / insight is based on Agility Valuers & Property Consultants / Agility Research (AVPC)’s current understanding and insights about the related topic in the current property / real estate market context. Agility Valuers & Property Consultants / Agility Research (AVPC) makes no guarantees, representation or warranties of any kind, expressed or implied, regarding the information including but not limited to, warranties of content, accuracy and reliability. Interested parties should undertake their own inquiries as to the accuracy of the information. Agility Valuers & Property Consultants Sdn. Bhd. / Agility Research (AVPC) excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss or damages arising therefrom.
Neither the whole nor any part of our blog or insights may be included in any published document, circular, prospectus or statement, nor published in any way without the prior written approval of Agility Valuers & Property Consultants Sdn. Bhd. / Agility Research (AVPC). We shall not be obligated to update this blog / insight in response to changes in market conditions or the regulatory environment subsequently.
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