<turbo-stream action="replace" target="mall-map-wrapper"><template><div data-controller="map" data-lat="4.5814" data-lng="101.06198" data-map-catchment-data-value="{&quot;lat&quot;:&quot;4.5814&quot;,&quot;lng&quot;:&quot;101.06198&quot;,&quot;primary_radius&quot;:5.0,&quot;secondary_radius&quot;:15.0,&quot;population&quot;:800000}" data-map-demographic-summary-value="{&quot;Mall Demographics&quot;:[{&quot;label&quot;:&quot;Primary Catchment Area&quot;,&quot;value&quot;:&quot;10 km&quot;,&quot;description&quot;:&quot;Radius within which the mall primarily serves customers, estimated based on urban Ipoh layout&quot;},{&quot;label&quot;:&quot;Secondary Catchment Area&quot;,&quot;value&quot;:&quot;20 km&quot;,&quot;description&quot;:&quot;Extended radius for occasional visitors from surrounding areas in Perak&quot;},{&quot;label&quot;:&quot;Catchment area population&quot;,&quot;value&quot;:&quot;800,000 People&quot;,&quot;description&quot;:&quot;Total estimated population in primary and secondary areas around Ipoh, drawing from 2020 census data of 759,952 for Ipoh city&quot;},{&quot;label&quot;:&quot;Population growth rate&quot;,&quot;value&quot;:&quot;1.6&quot;,&quot;description&quot;:&quot;Annual growth rate aligned with national Malaysian average from Department of Statistics Malaysia&quot;},{&quot;label&quot;:&quot;Median age&quot;,&quot;value&quot;:&quot;32 Years&quot;,&quot;description&quot;:&quot;Estimated median age for Ipoh/Perak population, slightly higher than national 31 due to aging trends in Perak&quot;},{&quot;label&quot;:&quot;Household size&quot;,&quot;value&quot;:&quot;3.8 Persons&quot;,&quot;description&quot;:&quot;Average household size in Malaysia, applicable to urban Ipoh demographics&quot;},{&quot;label&quot;:&quot;Education level (tertiary)&quot;,&quot;value&quot;:&quot;25.0&quot;,&quot;description&quot;:&quot;Percentage of population with tertiary education, based on national Malaysian statistics adjusted for urban areas&quot;}],&quot;Economic Indicators&quot;:[{&quot;label&quot;:&quot;Median household income&quot;,&quot;value&quot;:&quot;5,500 MYR per month&quot;,&quot;description&quot;:&quot;Estimated median income for Ipoh households, derived from Perak state averages and urban adjustments&quot;},{&quot;label&quot;:&quot;Unemployment rate&quot;,&quot;value&quot;:&quot;3.5&quot;,&quot;description&quot;:&quot;Current unemployment rate in Malaysia, applicable to Perak region&quot;},{&quot;label&quot;:&quot;Cost of living index&quot;,&quot;value&quot;:&quot;85 Index (Malaysia=100)&quot;,&quot;description&quot;:&quot;Relative cost of living in Ipoh compared to national average, lower due to regional factors&quot;}],&quot;Consumer Spending&quot;:[{&quot;label&quot;:&quot;Retail spending per capita&quot;,&quot;value&quot;:&quot;3,600 USD per year&quot;,&quot;description&quot;:&quot;Annual retail spending per person in Malaysia, scaled to local market data&quot;},{&quot;label&quot;:&quot;Spending on apparel&quot;,&quot;value&quot;:&quot;450 USD per year&quot;,&quot;description&quot;:&quot;Estimated annual per capita spending on apparel, about 12.5% of total retail based on national trends&quot;},{&quot;label&quot;:&quot;Spending on groceries&quot;,&quot;value&quot;:&quot;1,200 USD per year&quot;,&quot;description&quot;:&quot;Estimated annual per capita spending on groceries, around 33% of retail spending from AEON reports&quot;},{&quot;label&quot;:&quot;Spending on electronics&quot;,&quot;value&quot;:&quot;300 USD per year&quot;,&quot;description&quot;:&quot;Estimated annual per capita spending on electronics, approximately 8% of total retail&quot;}],&quot;Mall Traffic \u0026 Performance&quot;:[{&quot;label&quot;:&quot;Annual foot traffic&quot;,&quot;value&quot;:&quot;6,000,000 Visitors&quot;,&quot;description&quot;:&quot;Estimated yearly visitors based on similar AEON malls in Malaysia, adjusted for Ipoh size&quot;},{&quot;label&quot;:&quot;Dwell time&quot;,&quot;value&quot;:&quot;2 Hours&quot;,&quot;description&quot;:&quot;Average time shoppers spend in the mall, standard for regional shopping centers&quot;},{&quot;label&quot;:&quot;Conversion rate&quot;,&quot;value&quot;:&quot;25.0&quot;,&quot;description&quot;:&quot;Percentage of visitors making a purchase, typical for Malaysian malls&quot;},{&quot;label&quot;:&quot;Sales per square meter&quot;,&quot;value&quot;:&quot;7,500 MYR per year&quot;,&quot;description&quot;:&quot;Annual sales revenue per square meter of leasable area, estimated from AEON performance data&quot;}],&quot;Competition \u0026 Tenant Mix&quot;:[{&quot;label&quot;:&quot;Number of retail stores&quot;,&quot;value&quot;:&quot;120 Stores&quot;,&quot;description&quot;:&quot;Approximate number of tenants in Aeon Mall Falim, based on AEON annual reports for similar outlets&quot;},{&quot;label&quot;:&quot;Anchor tenant presence&quot;,&quot;value&quot;:&quot;Yes&quot;,&quot;description&quot;:&quot;AEON department store and hypermarket as primary anchors&quot;},{&quot;label&quot;:&quot;Competitor density (same category)&quot;,&quot;value&quot;:&quot;3 Malls per 100,000 people&quot;,&quot;description&quot;:&quot;Density of competing malls in Ipoh area, including Ipoh Parade and Kinta City&quot;},{&quot;label&quot;:&quot;Tenant diversity&quot;,&quot;value&quot;:&quot;High&quot;,&quot;description&quot;:&quot;Mix of local, international, F\u0026B, fashion, and entertainment tenants&quot;},{&quot;label&quot;:&quot;Unique Concepts&quot;,&quot;value&quot;:&quot;Yes&quot;,&quot;description&quot;:&quot;Includes specialized stores like Daiso and unique F\u0026B options per AEON strategy&quot;}],&quot;Real Estate \u0026 Leasing&quot;:[{&quot;label&quot;:&quot;Gross Leasable Area&quot;,&quot;value&quot;:&quot;50,000 sqm&quot;,&quot;description&quot;:&quot;Net lettable area estimated from AEON reports for Falim mall&quot;},{&quot;label&quot;:&quot;Number of Levels&quot;,&quot;value&quot;:&quot;3 Levels&quot;,&quot;description&quot;:&quot;Multi-level structure typical for AEON malls in suburban areas&quot;},{&quot;label&quot;:&quot;Average rent per square meter&quot;,&quot;value&quot;:&quot;150 MYR per month&quot;,&quot;description&quot;:&quot;Prime retail rent in Ipoh malls, from market reports&quot;},{&quot;label&quot;:&quot;Vacancy rate&quot;,&quot;value&quot;:&quot;5.0&quot;,&quot;description&quot;:&quot;Low vacancy aligned with strong AEON occupancy rates&quot;},{&quot;label&quot;:&quot;Lease term flexibility&quot;,&quot;value&quot;:&quot;3-5 Years&quot;,&quot;description&quot;:&quot;Standard lease terms with options for renewal in Malaysian retail&quot;},{&quot;label&quot;:&quot;Available retail space&quot;,&quot;value&quot;:&quot;2,000 sqm&quot;,&quot;description&quot;:&quot;Estimated current available space based on low vacancy&quot;}],&quot;Accessibility \u0026 Infrastructure&quot;:[{&quot;label&quot;:&quot;Proximity to main roads&quot;,&quot;value&quot;:&quot;High&quot;,&quot;description&quot;:&quot;Direct access to Jalan Lahat and federal routes in Ipoh&quot;},{&quot;label&quot;:&quot;Public transport access&quot;,&quot;value&quot;:&quot;Good&quot;,&quot;description&quot;:&quot;Bus stops nearby, integrated with Ipoh public transit&quot;},{&quot;label&quot;:&quot;Parking spaces&quot;,&quot;value&quot;:&quot;1,000 Spaces&quot;,&quot;description&quot;:&quot;Ample parking provided, standard for AEON malls&quot;},{&quot;label&quot;:&quot;Pedestrian traffic&quot;,&quot;value&quot;:&quot;High&quot;,&quot;description&quot;:&quot;Strong footfall from local residential areas&quot;}],&quot;Digital \u0026 E-commerce Trends&quot;:[{&quot;label&quot;:&quot;E-commerce competition&quot;,&quot;value&quot;:&quot;High&quot;,&quot;description&quot;:&quot;Intense from platforms like Shopee, Lazada in Malaysia&quot;},{&quot;label&quot;:&quot;Click-and-collect adoption&quot;,&quot;value&quot;:&quot;High %&quot;,&quot;description&quot;:&quot;AEON&#39;s myAEON2go service widely used, over 50% adoption in urban stores&quot;},{&quot;label&quot;:&quot;Internet penetration&quot;,&quot;value&quot;:&quot;97.0&quot;,&quot;description&quot;:&quot;National internet access rate in Malaysia, high in urban Ipoh&quot;}],&quot;Safety \u0026 Security&quot;:[{&quot;label&quot;:&quot;Retail crime rate&quot;,&quot;value&quot;:&quot;Low&quot;,&quot;description&quot;:&quot;Minimal incidents in secured mall environment&quot;},{&quot;label&quot;:&quot;Security measures&quot;,&quot;value&quot;:&quot;CCTV, Guards&quot;,&quot;description&quot;:&quot;Comprehensive surveillance and personnel as per AEON standards&quot;}],&quot;Marketing \u0026 Events&quot;:[{&quot;label&quot;:&quot;Promotional events&quot;,&quot;value&quot;:&quot;Multiple annually Events&quot;,&quot;description&quot;:&quot;Includes anniversary sales, Deepavali promotions, and seasonal campaigns&quot;},{&quot;label&quot;:&quot;Loyalty program penetration&quot;,&quot;value&quot;:&quot;70.0&quot;,&quot;description&quot;:&quot;AEON Member program adoption rate among shoppers&quot;},{&quot;label&quot;:&quot;Digital signage presence&quot;,&quot;value&quot;:&quot;Yes&quot;,&quot;description&quot;:&quot;Interactive digital displays throughout the mall&quot;}],&quot;Growth Potential&quot;:[{&quot;label&quot;:&quot;Projected foot traffic growth&quot;,&quot;value&quot;:&quot;5.0&quot;,&quot;description&quot;:&quot;Expected growth aligned with Malaysian retail recovery and AEON expansion&quot;},{&quot;label&quot;:&quot;New tenant pipeline&quot;,&quot;value&quot;:&quot;Ongoing&quot;,&quot;description&quot;:&quot;AEON adding 391 new tenants group-wide in FY2024, including debuts&quot;},{&quot;label&quot;:&quot;Mall expansion plans&quot;,&quot;value&quot;:&quot;Yes&quot;,&quot;description&quot;:&quot;Part of AEON&#39;s Ipoh revitalization, potential phase expansions&quot;}]}" data-map-mapbox-token-value="pk.eyJ1Ijoib2NjdXBpIiwiYSI6ImNtZXFkdHZwczBtNjIya215OWVpaGtucXoifQ.xiNo8HmyyKim2YrJ3LdqdQ" data-map-nearby-malls-value="{&quot;primary&quot;:[{&quot;id&quot;:1201,&quot;slug&quot;:&quot;angsana-ipoh&quot;,&quot;name&quot;:&quot;Angsana Ipoh Mall&quot;,&quot;lat&quot;:&quot;4.60284&quot;,&quot;lng&quot;:&quot;101.09463&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Angsana Ipoh Mall, formerly Greentown Mall, is a medium-sized neighbourhood shopping centre located in the heart of Ipoh City Centre, Perak, Malaysia, with a gross leasable area of approximately 343,000 square feet. Opened in the 1990s, it serves as a key retail destination surrounded by offices, government buildings, colleges, and a hospital, enhancing its convenience for daily shoppers. The mall operates daily from 10:00 AM to 10:00 PM and provides over 750 parking bays, though public transport details are limited. Its market position is that of a community-focused hub, particularly noted for mobile and electronic gadgets, attracting local middle-income residents. Tenant mix comprises over 80 outlets across categories including electronics (e.g., Xiaomi, Vivo), health and beauty (Watsons), food and beverage (Western Food outlets), and general retail with both local and international brands. F\u0026B and gadgets form strong pillars, supporting steady patronage. Perak&#39;s retail sector reported an occupancy rate of 87% in 2023-2024, with encouraging footfall recovery post-pandemic driven by F\u0026B attractions. Leasing opportunities include units from 525 to 4,640 square feet, suitable for small to medium retailers. Rental levels in Ipoh range from RM4 to RM18 per square foot for prime spaces, with neighbourhood malls like this seeing stable rates around RM5 to RM12 psf amid 4.5% to 11.5% growth in select areas. Accessibility via Jalan Raja Ashman Shah is strong for vehicular traffic, but competition from larger AEON malls (e.g., AEON Ipoh Station 18, Kinta City) poses risks of footfall diversion to hypermarkets and broader offerings. Demographic profile draws from Ipoh&#39;s 887,711 population (2025 estimate), with Perak&#39;s 2.5 million residents featuring a working-age majority (68.7% in Ipoh Barat), average monthly household spending of RM5,566, and focus on affordable retail. Operational quality remains practical with a vibrant 1990s layout, though aging infrastructure may require updates. Strengths include central location and niche gadget appeal; drawbacks encompass saturation in electronics and weaker draw for high-end fashion compared to regional competitors. Retailers should evaluate lease terms for turnover rent clauses to mitigate risks from market saturation in Perak&#39;s stable but competitive landscape.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Ipoh&quot;},&quot;anchor_tenants&quot;:&quot;Econsave, Watsons, Xiaomi&quot;,&quot;distance&quot;:4.33,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;22000&quot;,&quot;anchor_tenants&quot;:&quot;Econsave, Watsons, Xiaomi&quot;}},{&quot;id&quot;:1199,&quot;slug&quot;:&quot;aeon-ipoh-station-18&quot;,&quot;name&quot;:&quot;Aeon Mall Ipoh Station 18&quot;,&quot;lat&quot;:&quot;4.5457&quot;,&quot;lng&quot;:&quot;101.0703&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;AEON Mall Ipoh Station 18, situated at No. 2, Susuran Stesen 18, Station 18, 31650 Ipoh, Perak, represents a key suburban retail hub in Ipoh with a gross leasable area of about 72,000 square meters and capacity for 2,000 vehicles in parking. Established in April 2012 as Ipoh largest mall at the time, it completed a full renovation and reopened in June 2025, incorporating contemporary elements such as a pickleball court to attract leisure visitors. The property caters to a catchment of approximately 500,000 residents, encompassing middle-income households in Ipoh suburbs, characterized by demographics including families with children, young professionals aged 25-44, and older adults, supported by Perak state population trends showing steady urban growth. Accessibility relies on connectivity to Jalan Kuala Kangsar and local roads, with a 20-minute drive from Ipoh old town, though public transport options remain limited. Tenant mix emphasizes everyday essentials and lifestyle offerings, anchored by AEON Department Store and Supermarket, complemented by fashion outlets like Cotton On, Padini Concept Store, Charles \u0026 Keith, and Pedro; F\u0026B selections including KFC, Nandos, Starbucks, Sakae Sushi, and Sushi King; plus entertainment, health, and beauty services across 200 units. AEON group occupancy reached 96.2% in early 2025, signaling strong leasing stability amid national retail recovery. In Ipoh competitive environment with peers like AEON Mall Kinta City and AEON Mall Ipoh Klebang, it holds a solid mid-tier position, bolstered by recent upgrades likely elevating footfall beyond pre-renovation levels of regional averages around 5-7 million annual visitors for similar assets. Leasing opportunities feature varied space sizes from kiosks to 10,000 sq ft units at rents approximating RM10-15 per sq ft monthly, per Perak commercial reports, with advantages in turnkey fit-outs and promotional synergies. Drawbacks encompass category saturation in F\u0026B and apparel, potential access bottlenecks during peak hours, and exposure to broader economic pressures on discretionary spending in non-metro markets.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Ipoh&quot;},&quot;anchor_tenants&quot;:&quot;AEON Department Store, TGV Cinemas&quot;,&quot;distance&quot;:4.08,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;72000&quot;,&quot;anchor_tenants&quot;:&quot;AEON Department Store, TGV Cinemas&quot;}},{&quot;id&quot;:1198,&quot;slug&quot;:&quot;ipoh-parade&quot;,&quot;name&quot;:&quot;Ipoh Parade&quot;,&quot;lat&quot;:&quot;4.59639&quot;,&quot;lng&quot;:&quot;101.09&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Ipoh Parade is an established shopping mall located in the heart of Ipoh, Perak, Malaysia, a historic city known for its culinary heritage and growing tourism. Opened in 1995, it spans a net leasable area of approximately 626,927 square feet across five levels, featuring 215 retail units with an occupancy rate of 99.4% as of November 2025, indicating robust demand and minimal vacancies. The mall serves as a key retail destination for Ipohs urban population of around 872,000, including middle-income households with median income near RM4,800 monthly, and attracts regional tourists drawn to the citys food scene. Anchor tenants include Parkson department store, Jaya Grocer supermarket, Golden Screen Cinemas, Guardian pharmacy, and Mr. DIY hardware, providing a balanced tenant mix with about 40% fashion and apparel, 25% F\u0026B outlets offering local and international cuisine, 15% electronics and lifestyle stores, and the remainder in services, entertainment, and leisure. Accessibility is strong via central location on Jalan Gopeng, near major roads and public transport, though parking can be constrained during peak hours. In the Ipoh retail market, which has seen steady growth with overall mall occupancy around 80-90%, Ipoh Parade holds a solid position as one of the busier centers, benefiting from consistent footfall estimated at moderate levels for secondary cities, supported by events and promotions. Leasing advantages include competitive base rents averaging RM20-30 per square foot for prime spaces, flexible terms with turnover rents, and low operational risks due to high stability, though retailers should note potential saturation from emerging competitors. Drawbacks involve the malls age leading to occasional maintenance needs and competition from newer developments impacting category-specific performance in fashion and electronics.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Ipoh&quot;},&quot;anchor_tenants&quot;:&quot;Parkson, Golden Screen Cinemas, Jaya Grocer, Guardian, Mr DIY&quot;,&quot;distance&quot;:3.52,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;215&quot;,&quot;gla_sqm&quot;:&quot;58243&quot;,&quot;anchor_tenants&quot;:&quot;Parkson, Golden Screen Cinemas, Jaya Grocer, Guardian, Mr DIY&quot;}}],&quot;secondary&quot;:[{&quot;id&quot;:1200,&quot;slug&quot;:&quot;aeon-ipoh-klebang&quot;,&quot;name&quot;:&quot;Aeon Mall Ipoh Klebang&quot;,&quot;lat&quot;:&quot;4.67746&quot;,&quot;lng&quot;:&quot;101.12313&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Aeon Mall Ipoh Klebang, situated at Lot 12080, Klebang Perdana, 31200 Chemor, Perak, Malaysia, opened on October 21, 2015, as AEONs third shopping center in Ipoh. The four-story property features a gross leasable area of 14,785 square meters and accommodates approximately 150 tenants. The primary anchor is the AEON hypermarket, supporting a balanced tenant mix with fashion brands such as H\u0026M and G2000 comprising about 30% of space, over 35 F\u0026B outlets (around 25%) including Starbucks, KFC, Kenny Rogers Roasters, and local Asian eateries like Boat Noodle, alongside lifestyle, electronics, and sports stores. Entertainment options include TGV Cinemas and family amusement areas. In Ipohs retail landscape, part of Malaysias sector projected to hit USD 125.76 billion in 2025 at a 3.64% CAGR, the mall targets Peraks 2.5 million residents, particularly middle-income families in the 800,000-strong Ipoh metro. Accessibility is favorable via Jalan Kuala Kangsar and nearby highways, with over 1,500 parking bays, though reliance on private vehicles prevails due to sparse public transit. Leasing draws from AEONs group-wide 96.2% occupancy in Q1 2025 and rents of RM4-18 per square foot for prime units, offering stability and footfall from everyday shoppers. Advantages encompass family-oriented vibrancy boosting dwell time and sales potential in F\u0026B/entertainment synergies. Drawbacks include competition from AEON Kinta City and Station 18, F\u0026B category saturation, decade-old infrastructure needing upgrades, and critically, the announced closure on October 20, 2025, indicating underperformance in sales and visitor metrics, posing acute risks to lease continuity and investment returns.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Ipoh&quot;},&quot;anchor_tenants&quot;:&quot;AEON Ipoh Klebang Store, H\u0026M, UNIQLO, MANGO, adidas, SKECHERS&quot;,&quot;distance&quot;:12.65,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;46452&quot;,&quot;anchor_tenants&quot;:&quot;AEON Ipoh Klebang Store, H\u0026M, UNIQLO, MANGO, adidas, SKECHERS&quot;}},{&quot;id&quot;:1988,&quot;slug&quot;:&quot;kinta-city-shopping-centre&quot;,&quot;name&quot;:&quot;Kinta City Shopping Centre&quot;,&quot;lat&quot;:&quot;4.613376&quot;,&quot;lng&quot;:&quot;101.118516&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Kinta City Shopping Centre, operating as AEON Mall Kinta City, is located at No. 2, Jalan Teh Lean Swee, off Jalan Sultan Azlan Shah, Ipoh, Perak, Malaysia. Opened in 2000, this three-storey mall encompasses 60,230 square meters, including two retail levels, a cinema, bowling alley, and multi-level parking. It achieves 100% occupancy through a master lease to AEON Co. (M) Bhd, generating RM16.31 million in annual rent at a 7.8% yield. The tenant mix is balanced with anchor AEON supermarket, fashion retailers such as Padini and Bata, F\u0026B options like Kenny Rogers Roasters, Sushi King, Pizza Hut, and Coffee Bean \u0026 Tea Leaf, alongside entertainment, health, and specialty stores. Targeting the Kinta districts 800,000 residents—predominantly middle-income families with monthly spending around RM3,900—the property benefits from solid accessibility and recent RM32 million enhancements improving fixtures and amenities. Leasing advantages include stable income streams, prime suburban positioning in growing Ipoh south, and forthcoming expansion to bolster capacity and attract premium tenants. However, Peraks retail market shows moderate growth at 3-4% CAGR, with challenges from market saturation and economic dependencies on services and manufacturing.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Ipoh&quot;},&quot;anchor_tenants&quot;:&quot;AEON Supermarket, GSC Cinema&quot;,&quot;distance&quot;:7.2,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;300&quot;,&quot;gla_sqm&quot;:&quot;49250&quot;,&quot;anchor_tenants&quot;:&quot;AEON Supermarket, GSC Cinema&quot;}},{&quot;id&quot;:7775,&quot;slug&quot;:&quot;ipoh-city-square&quot;,&quot;name&quot;:&quot;Ipoh City Square&quot;,&quot;lat&quot;:&quot;4.568535&quot;,&quot;lng&quot;:&quot;101.1318051&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Ipoh City Square is a mid-sized urban shopping centre located in the heart of Ipoh, Perak, Malaysia, at Jalan Raja Bilah, offering approximately 200,000 square feet of retail space across multiple levels. Opened in the early 2000s, it serves as a convenient hub for local shoppers and office workers in the city centre, with a tenant mix dominated by everyday essentials, fashion outlets, and food and beverage options including local chains like Old Town White Coffee and international brands such as Uniqlo and Guardian. The property benefits from its central position near government offices, residential areas, and tourist attractions like the Ipoh Clock Tower, contributing to steady footfall estimated at 5,000-7,000 visitors daily on weekdays, rising to 10,000 on weekends, supported by high public transport coverage of 50% in Ipoh and access to major highways. Occupancy stands at around 82%, slightly below the Perak average of 84.8%, reflecting stable but competitive market conditions with average rents at RM5 per square foot per month. Leasing advantages include flexible terms for smaller retailers, with base rents ranging from RM4-7 psf and turnover rents for F\u0026B tenants, making it attractive for niche operators targeting middle-income demographics (median household income RM48,000). However, challenges include aging infrastructure requiring maintenance, saturation in the fashion category, and emerging competition from larger developments like the upcoming Sunway Ipoh Mall (opening 2027, 1 million sq ft), which could divert footfall. The surrounding demographic profile features a population of 872,000 with 1.8% growth, median age 30.1 years, and retail spending per capita of RM3,676, indicating a young, employed consumer base (employment rate 96.8%) but moderate spending power. Operational quality is fair, with ample parking and internet penetration at 98%, though access issues during peak hours and weak performance in luxury segments pose risks. Overall, it positions as a practical choice for community-oriented retail but requires strategic tenant curation to counter market pressures from e-commerce (25% penetration) and new supply.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Ipoh&quot;},&quot;anchor_tenants&quot;:&quot;Local street vendors, nearby cafes&quot;,&quot;distance&quot;:7.87,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;30000&quot;,&quot;anchor_tenants&quot;:&quot;Local street vendors, nearby cafes&quot;}},{&quot;id&quot;:1156,&quot;slug&quot;:&quot;sunway-ipoh&quot;,&quot;name&quot;:&quot;Sunway Ipoh Mall&quot;,&quot;lat&quot;:&quot;4.6257&quot;,&quot;lng&quot;:&quot;101.1541&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Sunway Ipoh Mall forms the retail core of the 385-acre Sunway City Ipoh integrated township, located east of Ipoh city center in Perak, Malaysia, with completion slated for 2027. Spanning approximately 1.2 million square feet of net lettable area across four levels and a total gross floor area of 131,467 square meters, it will feature 350 retail units and 3,000 parking bays. Planned tenant mix emphasizes a balanced composition: 40% fashion and lifestyle, 30% F\u0026B outlets, 15% leisure and entertainment, and 15% services including supermarkets and health. Anchor tenants are expected to include a hypermarket like Village Grocer and multiplex cinema such as TGV, alongside unique attractions like Peraks first ice skating rink, a 36-lane bowling alley, and an exhibition center to drive experiential retail. Accessibility is strong via proximity to the North-South Expressway and federal roads, within 10-15 minutes from Ipoh city and 45 minutes from Taiping, serving a primary catchment of 800,000 residents in greater Ipoh and secondary of 2.5 million in Perak state. The demographic profile targets middle-income families (household income RM5,000-10,000 monthly), young professionals, and tourists drawn to Ipohs heritage and culinary scene, with 60% Chinese, 25% Malay, and 15% Indian ethnic mix. In Ipohs retail market, valued at RM2.5 billion annually with 4% growth projected for 2025, Sunway Ipoh positions as the states largest mall, elevating Sunway Malls portfolio amid 99% system-wide occupancy. Leasing advantages include flexible terms with base rents estimated at RM10-18 per square foot monthly plus 5-7% turnover rent, promotional support from a proven operator, and synergy with adjacent residential (5,000 units) and hospital developments for captive footfall. However, pre-leasing stands at around 70-80% as of mid-2025, lower than Sunways recent 95% for other projects due to construction timelines. Market factors include stable but cautious consumer spending amid 3.5% GDP growth, with e-commerce capturing 15% share. Operational quality benefits from Sunways expertise in tenant coordination and marketing, but risks involve construction delays and initial ramp-up to projected 15-20 million annual visitors.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Ipoh&quot;},&quot;anchor_tenants&quot;:&quot;Village Grocer,TGV Cinemas,Ice Skating Rink&quot;,&quot;distance&quot;:11.34,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;250&quot;,&quot;gla_sqm&quot;:&quot;92903&quot;,&quot;anchor_tenants&quot;:&quot;Village Grocer,TGV Cinemas,Ice Skating Rink&quot;}}],&quot;outside&quot;:[]}" data-map-update-url-value="/malls/aeon-mall-falim" id="mall-map-wrapper"><div data-city="Ipoh" data-current-mall="true" data-id="aeon-mall-falim" data-lat="4.5814" data-lng="101.06198" data-map-target="mall" data-name="Aeon Mall Falim" style="display: none;"></div><div data-map-target="map" id="map"></div><div class="demographic-panel collapsed" data-map-target="demographicPanel"><div class="panel-header"><h4><i aria-hidden="true" class="ri-bar-chart-line"></i> Market Demographics</h4><button class="toggle-btn" onclick="this.parentElement.parentElement.classList.toggle(&quot;collapsed&quot;)"><i aria-hidden="true" class="ri-arrow-down-s-line"></i></button></div><div class="panel-content"><div class="stats-category"><h5>Mall Demographics</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">10 km</div><div class="stat-label">Primary Catchment Area</div></div><div class="stat-card"><div class="stat-value">20 km</div><div class="stat-label">Secondary Catchment Area</div></div><div class="stat-card"><div class="stat-value">800,000 People</div><div class="stat-label">Catchment area population</div></div><div class="stat-card"><div class="stat-value">1.6</div><div class="stat-label">Population growth rate</div></div></div></div><div class="stats-category"><h5>Economic Indicators</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">5,500 MYR per month</div><div class="stat-label">Median household income</div></div><div class="stat-card"><div class="stat-value">3.5</div><div class="stat-label">Unemployment rate</div></div><div class="stat-card"><div class="stat-value">85 Index (Malaysia=100)</div><div class="stat-label">Cost of living index</div></div></div></div><div class="stats-category"><h5>Consumer Spending</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">3,600 USD per year</div><div class="stat-label">Retail spending per capita</div></div><div class="stat-card"><div class="stat-value">450 USD per year</div><div class="stat-label">Spending on apparel</div></div><div class="stat-card"><div class="stat-value">1,200 USD per year</div><div class="stat-label">Spending on groceries</div></div><div class="stat-card"><div class="stat-value">300 USD per year</div><div class="stat-label">Spending on electronics</div></div></div></div><div class="stats-category"><h5>Mall Traffic &amp; Performance</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">6,000,000 Visitors</div><div class="stat-label">Annual foot traffic</div></div><div class="stat-card"><div class="stat-value">2 Hours</div><div class="stat-label">Dwell time</div></div><div class="stat-card"><div class="stat-value">25.0</div><div class="stat-label">Conversion rate</div></div><div class="stat-card"><div class="stat-value">7,500 MYR per year</div><div class="stat-label">Sales per square meter</div></div></div></div><div class="stats-category"><h5>Competition &amp; Tenant Mix</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">120 Stores</div><div class="stat-label">Number of retail stores</div></div><div class="stat-card"><div class="stat-value">Yes</div><div class="stat-label">Anchor tenant presence</div></div><div class="stat-card"><div class="stat-value">3 Malls per 100,000 people</div><div class="stat-label">Competitor density (same category)</div></div><div class="stat-card"><div class="stat-value">High</div><div class="stat-label">Tenant diversity</div></div></div></div><div class="stats-category"><h5>Real Estate &amp; Leasing</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">50,000 sqm</div><div class="stat-label">Gross Leasable Area</div></div><div class="stat-card"><div class="stat-value">3 Levels</div><div class="stat-label">Number of Levels</div></div><div class="stat-card"><div class="stat-value">150 MYR per month</div><div class="stat-label">Average rent per square meter</div></div><div class="stat-card"><div class="stat-value">5.0</div><div class="stat-label">Vacancy rate</div></div></div></div><div class="stats-category"><h5>Accessibility &amp; Infrastructure</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">High</div><div class="stat-label">Proximity to main roads</div></div><div class="stat-card"><div class="stat-value">Good</div><div class="stat-label">Public transport access</div></div><div class="stat-card"><div class="stat-value">1,000 Spaces</div><div class="stat-label">Parking spaces</div></div><div class="stat-card"><div class="stat-value">High</div><div class="stat-label">Pedestrian traffic</div></div></div></div><div class="stats-category"><h5>Digital &amp; E-commerce Trends</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">High</div><div class="stat-label">E-commerce competition</div></div><div class="stat-card"><div class="stat-value">High %</div><div class="stat-label">Click-and-collect adoption</div></div><div class="stat-card"><div class="stat-value">97.0</div><div class="stat-label">Internet penetration</div></div></div></div><div class="stats-category"><h5>Safety &amp; Security</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">Low</div><div class="stat-label">Retail crime rate</div></div><div class="stat-card"><div class="stat-value">CCTV, Guards</div><div class="stat-label">Security measures</div></div></div></div><div class="stats-category"><h5>Marketing &amp; Events</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">Multiple annually Events</div><div class="stat-label">Promotional events</div></div><div class="stat-card"><div class="stat-value">70.0</div><div class="stat-label">Loyalty program penetration</div></div><div class="stat-card"><div class="stat-value">Yes</div><div class="stat-label">Digital signage presence</div></div></div></div><div class="stats-category"><h5>Growth Potential</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">5.0</div><div class="stat-label">Projected foot traffic growth</div></div><div class="stat-card"><div class="stat-value">Ongoing</div><div class="stat-label">New tenant pipeline</div></div><div class="stat-card"><div class="stat-value">Yes</div><div class="stat-label">Mall expansion plans</div></div></div></div></div></div></div></template></turbo-stream>