<turbo-stream action="replace" target="mall-map-wrapper"><template><div data-controller="map" data-lat="2.2815" data-lng="102.2405" data-map-catchment-data-value="{&quot;lat&quot;:&quot;2.2815&quot;,&quot;lng&quot;:&quot;102.2405&quot;,&quot;primary_radius&quot;:5.0,&quot;secondary_radius&quot;:15.0,&quot;population&quot;:250000}" data-map-demographic-summary-value="{&quot;Mall Demographics&quot;:[{&quot;label&quot;:&quot;Primary Catchment Area&quot;,&quot;value&quot;:&quot;10 km radius&quot;,&quot;description&quot;:&quot;Estimated primary trade area within 10 km of the mall&quot;},{&quot;label&quot;:&quot;Secondary Catchment Area&quot;,&quot;value&quot;:&quot;30 km radius&quot;,&quot;description&quot;:&quot;Estimated secondary trade area within 30 km of the mall&quot;},{&quot;label&quot;:&quot;Catchment area population&quot;,&quot;value&quot;:&quot;250,000 People&quot;,&quot;description&quot;:&quot;Estimated total population in primary and secondary catchment areas in Melaka region&quot;},{&quot;label&quot;:&quot;Population growth rate&quot;,&quot;value&quot;:&quot;2.0&quot;,&quot;description&quot;:&quot;Annual population growth rate in Melaka state&quot;},{&quot;label&quot;:&quot;Median age&quot;,&quot;value&quot;:&quot;31 Years&quot;,&quot;description&quot;:&quot;Median age of population in Malaysia, applicable to Melaka urban area&quot;},{&quot;label&quot;:&quot;Household size&quot;,&quot;value&quot;:&quot;3.8 Persons per household&quot;,&quot;description&quot;:&quot;Average household size in Malaysia&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 in urban Melaka&quot;}],&quot;Economic Indicators&quot;:[{&quot;label&quot;:&quot;Median household income&quot;,&quot;value&quot;:&quot;6,500 MYR per month&quot;,&quot;description&quot;:&quot;Estimated median monthly household income in Melaka&quot;},{&quot;label&quot;:&quot;Unemployment rate&quot;,&quot;value&quot;:&quot;3.4&quot;,&quot;description&quot;:&quot;Unemployment rate in Melaka state&quot;},{&quot;label&quot;:&quot;Cost of living index&quot;,&quot;value&quot;:&quot;90 Index (Malaysia=100)&quot;,&quot;description&quot;:&quot;Cost of living index for Melaka relative to national average&quot;}],&quot;Consumer Spending&quot;:[{&quot;label&quot;:&quot;Retail spending per capita&quot;,&quot;value&quot;:&quot;5,000 MYR per year&quot;,&quot;description&quot;:&quot;Estimated annual retail spending per capita in Malaysia&quot;},{&quot;label&quot;:&quot;Spending on apparel&quot;,&quot;value&quot;:&quot;180 MYR per capita per year&quot;,&quot;description&quot;:&quot;Estimated annual spending on apparel per capita&quot;},{&quot;label&quot;:&quot;Spending on groceries&quot;,&quot;value&quot;:&quot;1,200 MYR per capita per month&quot;,&quot;description&quot;:&quot;Estimated monthly spending on groceries per capita&quot;},{&quot;label&quot;:&quot;Spending on electronics&quot;,&quot;value&quot;:&quot;300 MYR per capita per year&quot;,&quot;description&quot;:&quot;Estimated annual spending on electronics per capita&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 annual visitors to the mall based on similar Aeon malls&quot;},{&quot;label&quot;:&quot;Dwell time&quot;,&quot;value&quot;:&quot;2.5 Hours&quot;,&quot;description&quot;:&quot;Average time shoppers spend in the mall&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&quot;},{&quot;label&quot;:&quot;Sales per square meter&quot;,&quot;value&quot;:&quot;15,000 MYR per year&quot;,&quot;description&quot;:&quot;Estimated annual sales per square meter of GLA&quot;}],&quot;Competition \u0026 Tenant Mix&quot;:[{&quot;label&quot;:&quot;Number of retail stores&quot;,&quot;value&quot;:&quot;200 Stores&quot;,&quot;description&quot;:&quot;Total number of retail tenants in the mall&quot;},{&quot;label&quot;:&quot;Anchor tenant presence&quot;,&quot;value&quot;:&quot;Yes&quot;,&quot;description&quot;:&quot;Presence of major anchor tenants like AEON department store&quot;},{&quot;label&quot;:&quot;Competitor density (same category)&quot;,&quot;value&quot;:&quot;5 Malls within 20 km&quot;,&quot;description&quot;:&quot;Number of competing malls in the area&quot;},{&quot;label&quot;:&quot;Tenant diversity&quot;,&quot;value&quot;:&quot;High&quot;,&quot;description&quot;:&quot;Diverse mix including fashion, food, electronics&quot;},{&quot;label&quot;:&quot;Unique Concepts&quot;,&quot;value&quot;:&quot;15.0&quot;,&quot;description&quot;:&quot;Percentage of unique or international brand concepts&quot;}],&quot;Real Estate \u0026 Leasing&quot;:[{&quot;label&quot;:&quot;Gross Leasable Area&quot;,&quot;value&quot;:&quot;40,000 sqm&quot;,&quot;description&quot;:&quot;Total gross leasable area of the mall&quot;},{&quot;label&quot;:&quot;Number of Levels&quot;,&quot;value&quot;:&quot;4 Levels&quot;,&quot;description&quot;:&quot;Number of shopping levels in the mall&quot;},{&quot;label&quot;:&quot;Average rent per square meter&quot;,&quot;value&quot;:&quot;30 MYR per month&quot;,&quot;description&quot;:&quot;Average monthly rent per square meter&quot;},{&quot;label&quot;:&quot;Vacancy rate&quot;,&quot;value&quot;:&quot;8.0&quot;,&quot;description&quot;:&quot;Current vacancy rate in the mall&quot;},{&quot;label&quot;:&quot;Lease term flexibility&quot;,&quot;value&quot;:&quot;3-5 Years&quot;,&quot;description&quot;:&quot;Typical lease terms offered to tenants&quot;},{&quot;label&quot;:&quot;Available retail space&quot;,&quot;value&quot;:&quot;10,000 sqm&quot;,&quot;description&quot;:&quot;Current available leasable space&quot;}],&quot;Accessibility \u0026 Infrastructure&quot;:[{&quot;label&quot;:&quot;Proximity to main roads&quot;,&quot;value&quot;:&quot;Direct access&quot;,&quot;description&quot;:&quot;Direct connection to major highways like North-South Expressway&quot;},{&quot;label&quot;:&quot;Public transport access&quot;,&quot;value&quot;:&quot;Good&quot;,&quot;description&quot;:&quot;Access via buses and proximity to Melaka Sentral&quot;},{&quot;label&quot;:&quot;Parking spaces&quot;,&quot;value&quot;:&quot;2,500 Spaces&quot;,&quot;description&quot;:&quot;Total parking spaces available&quot;},{&quot;label&quot;:&quot;Pedestrian traffic&quot;,&quot;value&quot;:&quot;High&quot;,&quot;description&quot;:&quot;High pedestrian access in urban setting&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;Strong competition from online platforms in Malaysia&quot;},{&quot;label&quot;:&quot;Click-and-collect adoption&quot;,&quot;value&quot;:&quot;40.0&quot;,&quot;description&quot;:&quot;Percentage of sales through click-and-collect services&quot;},{&quot;label&quot;:&quot;Internet penetration&quot;,&quot;value&quot;:&quot;90.0&quot;,&quot;description&quot;:&quot;Internet penetration rate in Malaysia&quot;}],&quot;Safety \u0026 Security&quot;:[{&quot;label&quot;:&quot;Retail crime rate&quot;,&quot;value&quot;:&quot;Low&quot;,&quot;description&quot;:&quot;Low retail crime rate in Melaka malls&quot;},{&quot;label&quot;:&quot;Security measures&quot;,&quot;value&quot;:&quot;CCTV and guards&quot;,&quot;description&quot;:&quot;Comprehensive security with CCTV, patrols, and measures&quot;}],&quot;Marketing \u0026 Events&quot;:[{&quot;label&quot;:&quot;Promotional events&quot;,&quot;value&quot;:&quot;50 Per year&quot;,&quot;description&quot;:&quot;Number of promotional events held annually&quot;},{&quot;label&quot;:&quot;Loyalty program penetration&quot;,&quot;value&quot;:&quot;60.0&quot;,&quot;description&quot;:&quot;Percentage of customers enrolled in loyalty programs&quot;},{&quot;label&quot;:&quot;Digital signage presence&quot;,&quot;value&quot;:&quot;Yes&quot;,&quot;description&quot;:&quot;Presence of digital signage 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;Projected annual growth in foot traffic&quot;},{&quot;label&quot;:&quot;New tenant pipeline&quot;,&quot;value&quot;:&quot;20 New tenants planned&quot;,&quot;description&quot;:&quot;Number of new tenants in pipeline&quot;},{&quot;label&quot;:&quot;Mall expansion plans&quot;,&quot;value&quot;:&quot;Ongoing&quot;,&quot;description&quot;:&quot;Plans for minor expansions and renovations&quot;}]}" data-map-mapbox-token-value="pk.eyJ1Ijoib2NjdXBpIiwiYSI6ImNtZXFkdHZwczBtNjIya215OWVpaGtucXoifQ.xiNo8HmyyKim2YrJ3LdqdQ" data-map-nearby-malls-value="{&quot;primary&quot;:[],&quot;secondary&quot;:[{&quot;id&quot;:1193,&quot;slug&quot;:&quot;dataran-pahlawan-melaka-megamall&quot;,&quot;name&quot;:&quot;Dataran Pahlawan Melaka Megamall&quot;,&quot;lat&quot;:&quot;2.190556&quot;,&quot;lng&quot;:&quot;102.250722&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Dataran Pahlawan Melaka Megamall is the largest shopping center in Melaka, spanning 1,500,000 square feet gross area with 750,000 square feet net leasable area across five levels and over 750 retail stores in 1,045 shoplots. Located on a prime 7.7-hectare historic site in Banda Hilir at Jalan Merdeka, it benefits from high pedestrian traffic due to proximity to UNESCO World Heritage sites and major tourist attractions, drawing from a primary catchment of 200,000 residents and secondary of 800,000, plus over 18 million annual tourists projected for 2025. The tenant mix features anchor stores like Parkson Department Store, Giant Hypermarket, and Golden Screen Cinemas, alongside fashion brands such as Adidas and Hush Puppies, global F\u0026B outlets including McDonalds and A\u0026W, luxury jewelry from Swarovski, and family entertainment zones with playgrounds and karaoke. Occupancy stands at approximately 95% with a 5% vacancy rate, outperforming the national average of 77% and Melaka&#39;s 24% retail vacancy. Base rents range from RM10 to RM25 per square foot, with incentives like 3-6 month rent-free periods for anchors and flexible 3-5 year terms. Annual footfall reaches 7.5 million visitors, supported by 90-minute dwell times and 25% conversion rates, driven by Melaka&#39;s multicultural demographics (70% Bumiputera, 23% Chinese, 7% Indian) with median household income of RM4,500 and retail spending per capita of RM2,500. Market position as leader with 35% share in fashion and leisure segments among five key malls, bolstered by 20% superior pedestrian traffic from tourism synergy. Leasing advantages include robust marketing via digital campaigns and events, high sales velocity during peak seasons with 18% YoY growth in 2024, and strong ROI from lifestyle categories. However, challenges include high e-commerce competition and potential risks from retail crime at 2.5% rate, alongside market saturation in a tourism-dependent economy vulnerable to external factors like travel disruptions.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Melaka&quot;},&quot;anchor_tenants&quot;:&quot;Parkson Department Store, Giant Hypermarket, Golden Screen Cinemas&quot;,&quot;distance&quot;:10.18,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;1045&quot;,&quot;gla_sqm&quot;:&quot;69677&quot;,&quot;anchor_tenants&quot;:&quot;Parkson Department Store, Giant Hypermarket, Golden Screen Cinemas&quot;}},{&quot;id&quot;:1196,&quot;slug&quot;:&quot;aeon-bandaraya-melaka&quot;,&quot;name&quot;:&quot;Aeon Mall Bandaraya Melaka&quot;,&quot;lat&quot;:&quot;2.205685&quot;,&quot;lng&quot;:&quot;102.256155&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Aeon Mall Bandaraya Melaka, situated at 2 Jalan Lagenda, Taman 1 Lagenda, 75400 Melaka, represents the largest retail complex in the city, encompassing a gross built-up area of roughly 1,358,000 square feet and accommodating 2,200 parking bays. Established in 2009 with a recent interior refurbishment, it occupies a prominent position within Melaka&#39;s retail landscape, which includes approximately 10 competing malls totaling over 3 million square feet of space. The tenant composition prioritizes practical and family-centric retail, led by the AEON hypermarket as the primary anchor utilizing about 50% of the net leasable area, complemented by fashion outlets (11%), food and beverage establishments (11%), specialty shops (12%), entertainment venues (9%), and miscellaneous services (7%). This blend addresses the needs of the local populace and inbound tourists, drawing from Melaka&#39;s resident base of 932,000 individuals and surpassing 16 million annual visitors fueled by its UNESCO World Heritage designation. Connectivity is facilitated through proximity to key arterials such as Jalan Tun Razak and Lebuhraya Pantai Timur, though reliance on personal vehicles predominates due to sparse public transit. The facility maintains extended operating periods, closing at 10:30 PM on Fridays, Saturdays, and public holiday eves, alongside amenities including prayer rooms, wheelchair provisions, and baby care stations. Within the Melaka retail sector, occupancy averages 80%, bolstered by tourism resurgence, yet contends with oversupply and inflationary strains on consumer outlays. Prospective lessees can access varied formats including kiosks and push carts at rates approximating RM10 to RM15 per square foot monthly in optimal zones, capitalizing on steady patronage from mid-tier households (incomes around RM5,000 monthly, ages 25-45) and episodic tourist surges. Nonetheless, considerations encompass infrastructural wear in adjacent locales and intensified rivalry from tourism-oriented competitors.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Melaka&quot;},&quot;anchor_tenants&quot;:&quot;AEON Department Store,AEON Supermarket&quot;,&quot;distance&quot;:8.61,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;200&quot;,&quot;gla_sqm&quot;:&quot;60850&quot;,&quot;anchor_tenants&quot;:&quot;AEON Department Store,AEON Supermarket&quot;}},{&quot;id&quot;:1194,&quot;slug&quot;:&quot;mahkota-parade&quot;,&quot;name&quot;:&quot;Mahkota Parade&quot;,&quot;lat&quot;:&quot;2.191806&quot;,&quot;lng&quot;:&quot;102.246444&quot;,&quot;property_type&quot;:&quot;&quot;,&quot;description&quot;:&quot;Mahkota Parade is a leasehold regional shopping centre situated in Bandar Melaka, the historic core of Melaka, with a net lettable area of 520,968 square feet and 1,079 parking bays. Established in 1994 and last refurbished in 2010, it achieved 98.1% occupancy as of December 2024, drawing 6.6 million visitors annually from a primary trade area of 382,200 residents within a 20-minute drive, augmented by tourist influx due to Melaka&#39;s UNESCO World Heritage designation. The tenant mix prioritizes family-centric offerings, allocating 27% of NLA to department stores and supermarkets, 15% to food and beverage, 14% to fashion and footwear, 19% to gifts/books/toys/specialty, and 2% to leisure and entertainment. Anchored by Parkson Department Store, it generated RM37.9 million in gross revenue and RM20.7 million in net property income, comprising 30% of Hektar REIT&#39;s total NPI. Leasing advantages encompass 6.7% positive rental reversions from 41 new or renewed tenancies in 2024, turnover rent clauses in 89% of contracts, and proactive remixing introducing brands such as Chanel Cosmetics and Skechers to refresh appeal. Nonetheless, a 3% year-over-year footfall reduction from 6.8 million in 2023 highlights vulnerability to economic moderation and rising utility costs. In the market, it maintains a dominant position as the sole major mall within a five-kilometre radius, though it contends with proximate competitors including Dataran Pahlawan Megamall and Aeon Bandaraya Melaka, both exhibiting high occupancies. Accessibility benefits from central positioning with road and public transit connections, yet historic district congestion poses access challenges during peaks. Operational quality is bolstered by sustainability measures like LED retrofits and EV charging stations, complemented by comprehensive security including 24-hour CCTV and family-friendly amenities such as play areas and stroller rentals.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Melaka&quot;},&quot;anchor_tenants&quot;:&quot;8400000&quot;,&quot;distance&quot;:10.0,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;400&quot;,&quot;gla_sqm&quot;:&quot;129380&quot;,&quot;anchor_tenants&quot;:&quot;8400000&quot;}},{&quot;id&quot;:1195,&quot;slug&quot;:&quot;the-shore-shopping-gallery&quot;,&quot;name&quot;:&quot;The Shore Shopping Gallery&quot;,&quot;lat&quot;:&quot;2.202987&quot;,&quot;lng&quot;:&quot;102.250181&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;The Shore Shopping Gallery, situated at 193 Pinggiran @ Sungai Melaka, Jalan Persisiran Bunga Raya in central Melaka, offers over 190,000 square feet of net lettable area across four retail floors and a four-level car park. Launched in 2014 within an integrated complex that includes The Shore Hotel and Residences and the four-star Swiss-Garden Hotel Melaka, it is owned by Pelaburan Hartanah Berhad and managed by Knight Frank Property Management Sdn Bhd. Its prime riverside location along the Melaka River cruise path, directly opposite the Eye on Malaysia Ferris wheel and near UNESCO heritage attractions like Jonker Street and Chinatown, facilitates access for tourists via cruises, rideshares, and brief drives, though heritage district congestion often delays arrivals. The tenant mix allocates roughly 60% to F\u0026B with chains like KFC, Subway, and Seoul Garden alongside local eateries; 20% to entertainment and wellness featuring Breakout escape rooms, Laser Kombat, and spas; 15% to fashion and gifts including Sox World and souvenir outlets; and 5% to events via a banquet hall. Occupancy hovers at 75% in 2024, below the state average of 80.4%, amid Melaka&#39;s recovering retail sector post-pandemic. Annual footfall reaches about 500,000, driven by 8-10 million tourists and local residents with median household incomes of RM3,500. Leasing benefits encompass base rents of RM8-12 per square foot, 3-5 year terms with turnover rents, and marketing tie-ins with hotel guests, suiting lifestyle and tourist-oriented retailers. Risks involve seasonal dips in visitation, rivalry from expansive venues like Mahkota Parade, and limited draw for everyday shopping needs.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Melaka&quot;},&quot;anchor_tenants&quot;:&quot;TF Value-Mart,Shore Oceanarium,KFC,Starbucks&quot;,&quot;distance&quot;:8.8,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;24154&quot;,&quot;anchor_tenants&quot;:&quot;TF Value-Mart,Shore Oceanarium,KFC,Starbucks&quot;}},{&quot;id&quot;:1989,&quot;slug&quot;:&quot;melaka-mall&quot;,&quot;name&quot;:&quot;Melaka Mall&quot;,&quot;lat&quot;:&quot;2.231898&quot;,&quot;lng&quot;:&quot;102.282155&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Melaka Mall, situated in Ayer Keroh, Melaka, is a suburban shopping complex covering about 250,000 sq ft of gross leasable area, established in the 1990s to serve local communities. It positions itself as a convenient everyday destination rather than a tourist hub, drawing from residential areas in Ayer Keroh, Batu Berendam, and nearby townships. The tenant mix emphasizes family entertainment and basic retail needs, featuring MBO Cinemas as the main anchor for movies, SnowWorld for indoor snow activities, and a range of F\u0026B options including McDonalds, local cafes, and halal eateries. Retail spaces host mid-tier brands like Padini, Econsave for groceries, and pharmacies such as Guardian. Services include clinics and tuition centers. In the broader Melaka retail market, which faces oversupply with state-wide occupancy at 64% per recent reports, Melaka Mall maintains around 70-75% occupancy, benefiting from lower operational costs. Rent levels are affordable at RM6-8 per sq ft per month, appealing for small-to-medium retailers seeking community exposure without high premiums. Accessibility is strong via Lebuh Ayer Keroh and proximity to the North-South Expressway, though public transport options are limited. Advantages include stable local patronage from middle-income demographics and potential for event-driven traffic via entertainment facilities. Drawbacks encompass competition from superior malls like AEON Melaka Shopping Centre, which offers better variety and higher footfall, alongside aging infrastructure that may require capex for upgrades. Market factors such as tourism recovery post-2025 could indirectly boost suburban malls, but saturation risks persistent rent pressures and weaker categories like apparel due to e-commerce shifts.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Melaka&quot;},&quot;anchor_tenants&quot;:&quot;MBO Cinemas, Family Store Supermarket, Snow World&quot;,&quot;distance&quot;:7.2,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;20000&quot;,&quot;anchor_tenants&quot;:&quot;MBO Cinemas, Family Store Supermarket, Snow World&quot;}},{&quot;id&quot;:1197,&quot;slug&quot;:&quot;hatten-square&quot;,&quot;name&quot;:&quot;Hatten Square&quot;,&quot;lat&quot;:&quot;2.1888&quot;,&quot;lng&quot;:&quot;102.2518&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Hatten Square is a four-storey mixed-use retail podium integrated with the 704-room Hatten Hotel in Melaka&#39;s central Bandar Hilir district, offering approximately 100,000 sq ft of net leasable area across F\u0026B, convenience, tech, and souvenir outlets. Positioned on Jalan Merdeka, it leverages a 54m air-conditioned bridge to the 750,000 sq ft Dataran Pahlawan Megamall, facilitating shared footfall of 2-3 million monthly visitors in peak seasons. The tenant mix comprises 40% F\u0026B anchors like Teddy Bear Cafe, 30% convenience/tech stores, and 30% local fashion/souvenirs, catering to tourists and urban professionals. In Melaka&#39;s tourism-driven retail market, valued at RM1.2 billion annually, Hatten Square holds a niche mid-tier role amid 64% average occupancy (JPPh 2024), buoyed by proximity to UNESCO sites (Jonker Street 800m, A Famosa 500m) but challenged by post-pandemic recovery and 5% YoY supply growth. Leasing advantages include strata-titled units from 500 sq ft at RM15-25 psf/month base rent, with 5% turnover clauses and 6-8% guaranteed rental returns for investors, promoting quick ROI for SMEs. However, developer MDSA&#39;s 2024 High Court liability for RM2 million in rental arrears underscores payment risks, while aging 2012 infrastructure may require 10% capex uplift. Accessibility via 600+ parking bays and central location supports 15-20% dwell time premium over standalone malls, though traffic congestion reduces efficiency by 10-15%. Operational metrics show F\u0026B-driven footfall recovery to 80% pre-COVID levels, yet category saturation limits sales growth to 3-5% annually per CBRE reports.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Melaka&quot;},&quot;anchor_tenants&quot;:&quot;H\u0026M, MBO Cinemas, MST Golf, Braun Buffel&quot;,&quot;distance&quot;:10.38,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;9290&quot;,&quot;anchor_tenants&quot;:&quot;H\u0026M, MBO Cinemas, MST Golf, Braun Buffel&quot;}},{&quot;id&quot;:7902,&quot;slug&quot;:&quot;harbour-city&quot;,&quot;name&quot;:&quot;Harbour City&quot;,&quot;lat&quot;:&quot;2.1796865&quot;,&quot;lng&quot;:&quot;102.2512155&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Harbour City is a large-scale mixed-use development located on the man-made Pulau Melaka island in Melaka, Malaysia, spanning approximately 5 million square feet of built-up area upon completion. Developed by Hatten Land Limited, it integrates a shopping mall, indoor theme park, aquarium, cultural village, water park, three hotel towers, marina, and residential condominiums, positioning it as a comprehensive tourism and entertainment hub. The retail component features a sprawling mall with boutiques offering fashion, souvenirs, and lifestyle products, complemented by diverse food and beverage outlets serving local Malaysian cuisine alongside international options. This setup targets both domestic visitors and the significant influx of tourists drawn to Melaka&#39;s UNESCO World Heritage status. As of 2023, the project resumed construction following financial restructuring, with the mall expected to contribute to Melaka&#39;s retail landscape by synergizing shopping with leisure activities to boost dwell time and spending. Market position-wise, Harbour City differentiates itself from traditional malls through its marine-themed design and island setting, potentially attracting  higher footfall via integrated attractions; however, it faces challenges from ongoing development phases that may delay full occupancy. Leasing advantages include flexible spaces for retailers in a high-traffic tourist zone, with proximity to key landmarks like Jonker Street and A&#39;Famosa via shuttle services. Melaka&#39;s retail market shows recovery post-pandemic, with overall city footfall reaching around 50 million annual visits, supported by tourism rebound to over 10 million visitors yearly. Occupancy in established Melaka malls hovers at 90-95%, while average rents range from RM2 to RM4 per square foot per month, influenced by location and tenant category. The tenant mix emphasizes experiential retail, with anchors in F\u0026B and entertainment driving traffic, though competition from nearby malls like Mahkota Parade and Dataran Pahlawan could pressure secondary categories. Accessibility is enhanced by bridge connections to mainland highways, but island logistics may pose minor hurdles for deliveries. Demographic profile includes a local population of about 1 million with diverse ethnicities (Malay 50%, Chinese 30%, Indian 5%, others), plus transient tourists aged 25-55 seeking cultural and leisure experiences. Operational quality benefits from modern infrastructure, though aging elements in surrounding areas and market saturation in general merchandise warrant caution for new entrants.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Melaka&quot;},&quot;anchor_tenants&quot;:&quot;Uniqlo,H\u0026M,Parkson&quot;,&quot;distance&quot;:11.38,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;100000&quot;,&quot;anchor_tenants&quot;:&quot;Uniqlo,H\u0026M,Parkson&quot;}},{&quot;id&quot;:2965,&quot;slug&quot;:&quot;melaka-gateway&quot;,&quot;name&quot;:&quot;Melaka Gateway&quot;,&quot;lat&quot;:&quot;2.179&quot;,&quot;lng&quot;:&quot;102.2557&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Melaka Gateway is a planned mixed-use development on artificial islands off the coast of Melaka, Malaysia, initiated in 2014 by KAJ Development Sdn Bhd with Chinese investment partners. Spanning approximately 1,366 acres across five islands, the project includes residential towers, hotels, a deep-sea port, cruise terminal, commercial districts, and retail spaces designed to attract international tourism and commerce along the Straits of Malacca. The retail component features waterfront shopping areas with a focus on luxury brands, F\u0026B outlets, and entertainment venues, integrated into self-contained communities. As of late 2025, the project remains in a scaled-down revival phase after earlier stalls due to financial disputes and the COVID-19 pandemic; initial phases like land reclamation are complete, but full build-out is delayed beyond original 2025 targets. Market position: Positioned as a potential regional hub leveraging Melaka UNESCO heritage and Belt and Road Initiative ties, but faces uncertainty in execution. Tenant mix: Planned for diverse anchors including international retailers, local chains, and experiential outlets to drive footfall from tourists and residents. Leasing advantages: Pre-leasing opportunities at competitive base rents estimated at RM15-25 per sq ft, with incentives like fit-out contributions; proximity to high-sea traffic could yield strong visibility. However, risks include construction delays, regulatory hurdles, and competition from established Melaka malls like Mahkota Parade. Occupancy projections: Not applicable yet, as retail phases are pre-operational. Footfall potential: Estimated 5-10 million annual visitors via cruise integration, but dependent on completion. Accessibility: Offshore location requires bridge/ferry links, potentially limiting daily commuters. Demographic profile: Targets affluent tourists (international mix, 40% from China/Indonesia), middle-upper income locals (household income RM8,000+), and expats. Operational quality: High-end infrastructure planned with sustainable features, but unproven. Overall, while offering innovative leasing in a tourism-driven market, prospective tenants should monitor development timelines closely due to historical setbacks.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Melaka&quot;},&quot;anchor_tenants&quot;:&quot;Aeon, Parkson, Uniqlo&quot;,&quot;distance&quot;:11.52,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;200&quot;,&quot;gla_sqm&quot;:&quot;15300&quot;,&quot;anchor_tenants&quot;:&quot;Aeon, Parkson, Uniqlo&quot;}}],&quot;outside&quot;:[]}" data-map-update-url-value="/malls/aeon-mall-krubong" id="mall-map-wrapper"><div data-city="Melaka" data-current-mall="true" data-id="aeon-mall-krubong" data-lat="2.2815" data-lng="102.2405" data-map-target="mall" data-name="Aeon Mall Krubong" 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 radius</div><div class="stat-label">Primary Catchment Area</div></div><div class="stat-card"><div class="stat-value">30 km radius</div><div class="stat-label">Secondary Catchment Area</div></div><div class="stat-card"><div class="stat-value">250,000 People</div><div class="stat-label">Catchment area population</div></div><div class="stat-card"><div class="stat-value">2.0</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">6,500 MYR per month</div><div class="stat-label">Median household income</div></div><div class="stat-card"><div class="stat-value">3.4</div><div class="stat-label">Unemployment rate</div></div><div class="stat-card"><div class="stat-value">90 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">5,000 MYR per year</div><div class="stat-label">Retail spending per capita</div></div><div class="stat-card"><div class="stat-value">180 MYR per capita per year</div><div class="stat-label">Spending on apparel</div></div><div class="stat-card"><div class="stat-value">1,200 MYR per capita per month</div><div class="stat-label">Spending on groceries</div></div><div class="stat-card"><div class="stat-value">300 MYR per capita 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">2.5 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">15,000 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">200 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">5 Malls within 20 km</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">40,000 sqm</div><div class="stat-label">Gross Leasable Area</div></div><div class="stat-card"><div class="stat-value">4 Levels</div><div class="stat-label">Number of Levels</div></div><div class="stat-card"><div class="stat-value">30 MYR per month</div><div class="stat-label">Average rent per square meter</div></div><div class="stat-card"><div class="stat-value">8.0</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">Direct access</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">2,500 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">40.0</div><div class="stat-label">Click-and-collect adoption</div></div><div class="stat-card"><div class="stat-value">90.0</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 and 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">50 Per year</div><div class="stat-label">Promotional events</div></div><div class="stat-card"><div class="stat-value">60.0</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">20 New tenants planned</div><div class="stat-label">New tenant pipeline</div></div><div class="stat-card"><div class="stat-value">Ongoing</div><div class="stat-label">Mall expansion plans</div></div></div></div></div></div></div></template></turbo-stream>