Kota Kinabalu: Abandoned Star City shopping mall retail lots purchasers are reminded to attend today's general meeting (Saturday) at the Kota Kinabalu Chinese Chamber of Commerce and Industry premises at 1 p.m.There will be a discussion with the company earmarked to rescue the uncompleted and left in a dilapidated state commercial project at 2pm A shareholder interest in the company was said to have suffered a bereavement recently.Retirees older than some deceased politicians are worried about their real estate investment in the shopping mall be stuck indefinitely if left in limbo.
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They just do not have the luxury of time to wait another decade to get their retail lots. According to one of the buyers, Pauline, the Star City project in the CBD here burdens buyers who on average have been paying some RM1,600 a month at least to service their banking loans for a small retail shoplot they signed up for with nothing to show for to date in this trying time of rising costs of living.
For the past decade, efforts were made to complete and rescue the project. "It not true as reported that shopping malls are negatively affected by e-commerce shopping online through the Internet. Self-pampering services like hair cut or treatment in salons still use brick-and-mortar outlets, so are food and beverages, experiential outings like fun centres etc. still need a property location," said Chong, one of the affected purchasers, looking for a viable solution. - David Thien