Malaysia Freezes Hypermarket Construction
Malaysia has placed a five-year ban on the construction of hypermarkets in Klang Valley, which includes Kuala Lumpur, and the states of Johor and Penang. New guidelines also lengthen the approval time for developers seeking to build hypermarkets in other areas from four months to two years.
Hypermarkets are stores larger than 8,000 square meters (86,000 square feet) that sell both department store merchandise and groceries, similar to Wal-Mart supercenters.… Read More