I look for old, “run-down” malls when I shop around for property The typical response I get to this is “siao ah, what’s so good about that.” But hear me out: old, strata-titled malls are a more valuable amenity than we give them credit for. I did point it out once in a previous article, but I don’t feel I’m overstating it: the older strata-titled malls are what makes some neighbourhoods work.  New malls, with land bought at today’s prices, are crazy expensive. They need a certain rental yield to justify their existence; and that means the businesses in a new mall need to generate a certain amount of revenue. Sure, the developers try to make provisions – usually something like a corner reserved for a small grocery store, or a food court to balance out the high-priced eateries; but it doesn’t last. The food court usually ends up on Mothership for selling you cai png at...