LEGOLAND/Medini and PH residents have not even moved in yet. When Medini or PH are up and running in full capacity, we are looking @ 10,000 units each on average with about 50,000 residents and probably another 50K on residents for the businesses and commercials.
This is the time to see who has holding power. Obviously many shops simply open for the sake of "being the first" and never think about holding for the long term. Some shops in Sutera Utama also faced the same state when the owners bought for RM 700,000. Many set up all kinds of businesses, level 1 and about 70% of all level 2 and 3 are empty. Its like a ghost town.
Take a 2nd look at Sutera Utama shoplots now. RM 2.5 million on average and its so packed that I have boycotted it for a year
When LEGOLAND, with thousands of visitors everyday and shops still got shuttered down or doing so badly, it will be worse elsewhere.
Shops outside the Sutera Mall, and even in busy Nusa Bestari where Giant is and Bukit Indah area, many businesses had opened and closed all within a very short time.
If the shop owners think that when the projects in PH are completed, the residents will be queuing up to patronise their shops, they will probably be in for a rude shock.
Lots of of residents don't means lots of shoppers.
A supermarket, perhaps people will go for their daily stuff, but restaurants and other shops, hard luck.
Look at the profile of the residents, it doesn't matter if there are 20 or 30,000 of them.
Either they go to SG to work in the day and back at night or they are retirees or people who are looking forward to stretch their money there and they will never be big spenders.
A couple of kopitiam type of shops with some hawkers stalls within maybe will survive.
Anyone wants to open a shop there better have very deep pockets to tahan months and months of extremely slow business.
