Mydin new outlet in Pudu Market Hall
One of Kuala Lumpur’s most quaint streets, Pasar Road, will continue its bustling retail activity with renewed fervour when the RM30 million Market Hall at Pudu opens for business in October.
Owned by Nihon Properties Sdn Bhd, the five-storey landmark which offers 100,000 sq ft of space for 300 retail outlets will have Mydin hypermarket as its anchor tenant.
At the signing ceremony on Tuesday were Nihon Properties director Datuk Ng Kong Fei and retail giant Mydin Mohamad Holdings Bhd MD Datuk Wira Ameer Ali Mydin.
Mydin will take up 19,000 sq ft to further expand its business in the thriving Pudu area.
Speaking to the media, Ameer said the Mydin Market Hall outlet will be reminiscent of its signature store in Jalan Masjid India which is enjoying a large and cosmopolitan customer base with its wholesale concept.
He said the Pasar Road outlet will offer an assortment of consumer products to the nearby community just as its other 200 outlets elsewhere that are driving domestic consumption and spurring economic growth.
“Our new outlet is located in a strategic business district with high pedestrian traffic at Pudu and the Pasar Road catchment areas,” said Ameer, adding that Mydin’s stores are part of the company’s multiple business format ranging from hypermarkets, bazaars, convenience shops and minimarket models.
He said Mydin has already invested RM10 million to initiate its Pasar Road outlet.
Nihon Properties marketing and promotions manager Andrew Lai said Market Hall at Pudu is considered an unique project conceived in line with the urban redevelopment plans for Kuala Lumpur.
He said the new mall will be perceived as a timely landmark to upgrade the standards in the city’s oldest trade and commercial hub.
“The Pudu and Pasar Roads have high traffic volume and convenient accessibilities like the LRT (light rail transit) and the upcoming MRT (mass rapid transit) projects. This will help to lend a new makeover to city life and propel the capital city into the future,” Lai said.
He said the mall is planned in such a way as to strategically streamline retail categories at pre-determined floors to optimise the retail mix, shopping atmosphere and allow easy shoppers flow.
According to Lai, Nihon Properties is a developer and has built factories before and the Market Hall at Pudu is the company’s first foray into mall construction.