The iconic Sungei Wang Plaza is set to be revamped with a "glistening gold" look and it is expected to be done in the first quarter of 2019
Capitaland Malaysia Mall Trust (CMMT) has plans to give the 41-year-old mall a facelift, adding that the exterior of the five-story annexe block will be a special gold colour.
One of its biggest changes will be the addition of a 3D screen on the exterior that glistens under sunlight and forms visuals at dawn and dusk
Sungei Wang Plaza complex manager Yuen May Chee said that the 3D-patterned screen will 'give a brand new modern outlook' to the mall, as reported by The Edge Markets.
She added that the 3D screen will play around with lights to create that "glistening gold" look they kept teasing about.
The five-story annexe block where Parkson currently sits will be renamed as "JUMPA"
"JUMPA", which means "meet" in Bahasa Malaysia, will see the refurbishment of the current Parkson department store to a completely new retail space and a net lettable area of some 171,000 square feet upon completion.
It is reported that the new space would include a family entertainment park, large format specialty retail stores, beauty and fashion brands, F&B outlets, and a supermarket.
This is not the first time the mall will be going through a makeover
This major revamp will be the mall's third since 2013 and is part of CMMT's asset enhancement initiative (AEI).
RM54.5 million of the total RM80 million AEI budget will be used for Sungei Wang Plaza, according to Edge Prop.
Despite the grand revamp, the main building will not be affected. The renovation has already started in certain areas of the annexe block.
Sungei Wang Plaza is hoping that this transformation would increase the mall's foot-traffic
Sungei Wang Plaza management committee member Ng Yih Chen hopes that this transformation will revive the mall again to its former glory.
Ng expects the occupancy rate and monthly footfall to increase to 90% and 1.5 million respectively, after the refurbishment is completed next year.
He pointed out that due to its stratified nature, the mall has faced some challenges in maintaining its tenant mix, as the management corporation has no rights to the parcels that belong to individual owners, as reported by The Edge Markets.