Back in October 2018, I was at Podomoro City for an Feng Shui Consulting job for an office there. Nearby there were 2 malls and when I had time I made a brief visit to the 2 mall with my student. One was an older mall while the other was a rather new mall.
The new mall was completed around mid of 2016 and has 197,000 sqm site area and leasable area of 44,931.43 sqm. It was awarded by as the Best Retail Development for Indonesia back in 2017.
Upon examination, I concluded to my student that the new mall Feng Shui isn’t that good and worried about the future and later before parting to the airport, I informed my client the same.
Fast forward to in March 2019, my client visited me in Kuala Lumpur and the very first thing the told me, “You remember you told me that the adjacent mall Feng Shui is not good?” I replied “Yes, I remembered!, Why?”. In a curious tone he said “Well it closed just recently!”. I was baffled. Normally, here in Malaysia no matter how bad shape is the mall, operators will try to hold on to them. It is very rare case here to close down the mall. They will rather drag for years operating a poor mall. Maybe the profit margins are very good.