Are There Too Many Retail Malls In Malaysia?

Generally retail malls have been a prime beneficiary of a pandemic recovery and also a slew of incentives and cash handouts for the B40 and M40 groups. However, footfall is still below pre-Covid levels while there is also a surge of incoming supply. Why are malls still being constructed when there is still a growing threat from e-commerce over the longer term and existing malls even in matured areas are not doing well?

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