Upcoming outlet mall projects
Labuan to have first duty-free premium outlet
The island will be home to the nation’s first duty-free premium outlet scheduled for completion by the first quarter of 2019 as a joint venture between Labuan Corporation and BVA Development.
The RM70 million premium outlet will offer luxury goods and high-end products at a rate up to 30 per cent cheaper than most outlets elsewhere thanks to its dutyfree status.
Sitting on a 6.8 acre prime land, BVO Premium Outlet boasts over 70 exclusive tenants offering an array of duty-free goods, from tobacco products to wine, perfumes, cosmetics and designer clothing.
Being the only outlet in the country, BVO is expected to attract a vast number of avid shoppers, especially from neighbouring localities such as Sabah, Sarawak and Brunei.
Earthworks for the project, which will include the country’s first duty-free premium outlet, had begun early this year on 12.5 hectares near the Labuan International Golf Club and would be completed in two months, BVA Development Sdn Bhd Managing Director Lester Toh told Bernama in an interview. It will leverage on Labuan’s status as a duty-free island and Malaysia’s international financial hub. Among others, it will feature the RM75 million BVO Duty-Free Premium Outlet on 2.9 hectares, scheduled for completion by the second quarter of next year.
“Ultimately, the low-hanging fruit will be business from neighbouring Brunei, as the people of Brunei, benefiting from a strong currency, can spend their weekend here for shopping,” Toh said.
He said Malaysia’s first duty-free premium outlet would attract tourists to the island as it offered branded items up to 20 to 30 per cent cheaper compared with other premium outlets in the peninsula. Presence in Perak with Silverlakes Brand Village Outlet
Meanwhile, Perak is set to have its first premium outlet mall by the end of next year with construction of the Silverlakes Brand Village Outlet in Batu Gajah already underway.
According to Silverland Capital Sdn Bhd Executive Chairman Datuk Azizan Abd Rahman, piling and sub-structure works began in March this year.
“We hope to hold our soft launch by next December, with 60 to 70 per cent of retailers having moved in by then. Its official opening should be within the first quarter of 2019,” Azizan said.
To promote the mall as a venue for regional and international events, events such as the Silverlakes World Jazz Festival, vintage car shows, fashion events, gourmet and local food festivals, antique flea markets, and international shows and competitions such as The World Drone Grand Prix are already being planned.
Noting that Silverlakes Brand Village Outlet is only the first phase of the overall master plan of the Silverlakes development, Azizan said construction of a 4-star 220-room hotel annexed to the mall and 1,200 seat convention centre are scheduled to commence by end next year. Horizon Village Outlets to open in mid-2018
Horizon Village Outlets is set to open in mid-2018 with confirmed tenants and brands such as Giuseppe Zanotti Design, Tumi, Swiss Watch Gallery, La Martina and Kate Space New York.
HVO is a 30:70 joint-venture project between US-based Horizon Group Properties and local outfit Mainstay Properties Sdn Bhd.
The premium outlet mall has a gross development value of RM400 million and will be located about 10km north of the KLIA and KLIA 2, and will be located in Sime Darby Bhd’s 2,370-acre township Serenia City.
When completed, Horizon Village Outlets will cover 23 acres and have 150 onestorey retail lots.
The total net lettable area available will be 400,000 sq ft and there will be 2,000 covered parking bays.