Property
Virtual reality theme parks set to revitalise mall
V Sanjugtha | 19 May 2017 00:30
THE resurgence of Virtual Reality (VR) in the location-based entertainment (LBE) industry could well be a godsent for shopping malls.

This is because it provides an alternative avenue for developers to mop up excess mall space while increasing footfall at otherwise idle malls.

The rising trend of large-scale, free-roaming VR in family entertainment centres (FEC) is paving the way for the need for a location that is accessible to families and offers a reasonably large space of over 5,000 sq ft.

At present, there are seven mega malls contributing to a total retail space in Greater KL that will hit 65.42 million sq ft this year. This will grow further as, by 2022, the number of mega malls is expected to double.






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