<turbo-stream action="replace" target="mall-map-wrapper"><template><div data-controller="map" data-lat="1.5279" data-lng="110.3373" data-map-catchment-data-value="{&quot;lat&quot;:&quot;1.5279&quot;,&quot;lng&quot;:&quot;110.3373&quot;,&quot;primary_radius&quot;:5.0,&quot;secondary_radius&quot;:15.0,&quot;population&quot;:609205}" 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;Estimated radius for primary customer base around the mall in Kuching&quot;},{&quot;label&quot;:&quot;Secondary Catchment Area&quot;,&quot;value&quot;:&quot;30 km&quot;,&quot;description&quot;:&quot;Estimated radius for secondary customer base extending to greater Kuching area&quot;},{&quot;label&quot;:&quot;Catchment area population&quot;,&quot;value&quot;:&quot;609,205 People&quot;,&quot;description&quot;:&quot;Population of Kuching district as per 2020 census, serving as primary catchment&quot;},{&quot;label&quot;:&quot;Population growth rate&quot;,&quot;value&quot;:&quot;1.5&quot;,&quot;description&quot;:&quot;Annual growth rate for Sarawak population, indicating stable expansion&quot;},{&quot;label&quot;:&quot;Median age&quot;,&quot;value&quot;:&quot;32 Years&quot;,&quot;description&quot;:&quot;Estimated median age for Kuching residents based on working age dominance (70%)&quot;},{&quot;label&quot;:&quot;Household size&quot;,&quot;value&quot;:&quot;3.8 Persons&quot;,&quot;description&quot;:&quot;Average household size in Sarawak, reflecting family-oriented demographics&quot;},{&quot;label&quot;:&quot;Education level (tertiary)&quot;,&quot;value&quot;:&quot;22.0&quot;,&quot;description&quot;:&quot;Percentage of population aged 25+ with tertiary education in Sarawak&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 Kuching households, supporting middle-class spending&quot;},{&quot;label&quot;:&quot;Unemployment rate&quot;,&quot;value&quot;:&quot;3.8&quot;,&quot;description&quot;:&quot;Unemployment rate in Sarawak, aligned with national trends&quot;},{&quot;label&quot;:&quot;Cost of living index&quot;,&quot;value&quot;:&quot;90 Index (Malaysia=100)&quot;,&quot;description&quot;:&quot;Relative cost of living in Kuching, lower than national average&quot;}],&quot;Consumer Spending&quot;:[{&quot;label&quot;:&quot;Retail spending per capita&quot;,&quot;value&quot;:&quot;3,200 MYR per year&quot;,&quot;description&quot;:&quot;Annual retail expenditure per person in Malaysia, adjusted for Kuching&quot;},{&quot;label&quot;:&quot;Spending on apparel&quot;,&quot;value&quot;:&quot;1,200 MYR per capita per year&quot;,&quot;description&quot;:&quot;Estimated annual spending on clothing and fashion in Sarawak households&quot;},{&quot;label&quot;:&quot;Spending on groceries&quot;,&quot;value&quot;:&quot;2,500 MYR per capita per year&quot;,&quot;description&quot;:&quot;Annual grocery expenditure, driven by supermarkets like AEON&quot;},{&quot;label&quot;:&quot;Spending on electronics&quot;,&quot;value&quot;:&quot;800 MYR per capita per year&quot;,&quot;description&quot;:&quot;Annual electronics purchases, with 31% of e-commerce sales in category&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 AEON mall averages and local performance&quot;},{&quot;label&quot;:&quot;Dwell time&quot;,&quot;value&quot;:&quot;120 Minutes&quot;,&quot;description&quot;:&quot;Average time shoppers spend in the mall per visit&quot;},{&quot;label&quot;:&quot;Conversion rate&quot;,&quot;value&quot;:&quot;35.0&quot;,&quot;description&quot;:&quot;Percentage of visitors making a purchase, typical for regional malls&quot;},{&quot;label&quot;:&quot;Sales per square meter&quot;,&quot;value&quot;:&quot;4,500 MYR per year&quot;,&quot;description&quot;:&quot;Annual sales revenue per square meter of retail space&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 shops including fashion, food, and services&quot;},{&quot;label&quot;:&quot;Anchor tenant presence&quot;,&quot;value&quot;:&quot;Yes&quot;,&quot;description&quot;:&quot;AEON Supermarket as primary anchor, with Uniqlo and Brands Outlet as mini-anchors&quot;},{&quot;label&quot;:&quot;Competitor density (same category)&quot;,&quot;value&quot;:&quot;3 Malls per 100km&quot;,&quot;description&quot;:&quot;Competing malls like The Spring and VivaCity in Kuching area&quot;},{&quot;label&quot;:&quot;Tenant diversity&quot;,&quot;value&quot;:&quot;High&quot;,&quot;description&quot;:&quot;Mix of international brands, local retailers, and F\u0026B outlets&quot;},{&quot;label&quot;:&quot;Unique Concepts&quot;,&quot;value&quot;:&quot;Japanese and international brands&quot;,&quot;description&quot;:&quot;Features unique tenants like Uniqlo and AEON&#39;s Japanese retail concepts&quot;}],&quot;Real Estate \u0026 Leasing&quot;:[{&quot;label&quot;:&quot;Gross Leasable Area&quot;,&quot;value&quot;:&quot;52,000 sqm&quot;,&quot;description&quot;:&quot;Estimated total leasable retail space across three levels&quot;},{&quot;label&quot;:&quot;Number of Levels&quot;,&quot;value&quot;:&quot;3 Levels&quot;,&quot;description&quot;:&quot;Retail floors in the mall structure&quot;},{&quot;label&quot;:&quot;Average rent per square meter&quot;,&quot;value&quot;:&quot;60 MYR per month&quot;,&quot;description&quot;:&quot;Monthly rental rate equivalent to RM10-20 psf, averaged for prime spaces&quot;},{&quot;label&quot;:&quot;Vacancy rate&quot;,&quot;value&quot;:&quot;30.0&quot;,&quot;description&quot;:&quot;Occupancy around 70% in Kuching malls, implying 30% vacancy&quot;},{&quot;label&quot;:&quot;Lease term flexibility&quot;,&quot;value&quot;:&quot;3-5 Years&quot;,&quot;description&quot;:&quot;Standard lease duration with options for renewal&quot;},{&quot;label&quot;:&quot;Available retail space&quot;,&quot;value&quot;:&quot;10.0&quot;,&quot;description&quot;:&quot;Estimated available space based on vacancy rates&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;Located on Jalan Datuk Patinggi Ahmad Zaidi Adruce, major road&quot;},{&quot;label&quot;:&quot;Public transport access&quot;,&quot;value&quot;:&quot;Shuttle bus available&quot;,&quot;description&quot;:&quot;AEON operates shuttle services for easy access&quot;},{&quot;label&quot;:&quot;Parking spaces&quot;,&quot;value&quot;:&quot;1,600 Spaces&quot;,&quot;description&quot;:&quot;Multi-level and rooftop parking capacity&quot;},{&quot;label&quot;:&quot;Pedestrian traffic&quot;,&quot;value&quot;:&quot;High&quot;,&quot;description&quot;:&quot;Strong footfall due to central location and amenities&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;Malaysia e-commerce projected at 23.5 billion USD by 2027&quot;},{&quot;label&quot;:&quot;Click-and-collect adoption&quot;,&quot;value&quot;:&quot;59.0&quot;,&quot;description&quot;:&quot;Consumer interest in click-and-collect services&quot;},{&quot;label&quot;:&quot;Internet penetration&quot;,&quot;value&quot;:&quot;97.0&quot;,&quot;description&quot;:&quot;High internet access in urban Sarawak&quot;}],&quot;Safety \u0026 Security&quot;:[{&quot;label&quot;:&quot;Retail crime rate&quot;,&quot;value&quot;:&quot;Low&quot;,&quot;description&quot;:&quot;Kuching index crime dropped 25% in 2025, low property crimes&quot;},{&quot;label&quot;:&quot;Security measures&quot;,&quot;value&quot;:&quot;CCTV and patrols&quot;,&quot;description&quot;:&quot;Standard mall security including surveillance and personnel&quot;}],&quot;Marketing \u0026 Events&quot;:[{&quot;label&quot;:&quot;Promotional events&quot;,&quot;value&quot;:&quot;Multiple annually&quot;,&quot;description&quot;:&quot;Events like Halloween Scavenger Hunt, Diwali celebrations&quot;},{&quot;label&quot;:&quot;Loyalty program penetration&quot;,&quot;value&quot;:&quot;High&quot;,&quot;description&quot;:&quot;AEON Member Plus and points system widely used&quot;},{&quot;label&quot;:&quot;Digital signage presence&quot;,&quot;value&quot;:&quot;Yes&quot;,&quot;description&quot;:&quot;Digital displays for promotions throughout the mall&quot;}],&quot;Growth Potential&quot;:[{&quot;label&quot;:&quot;Projected foot traffic growth&quot;,&quot;value&quot;:&quot;7.0&quot;,&quot;description&quot;:&quot;Expected growth aligned with retail recovery and economy&quot;},{&quot;label&quot;:&quot;New tenant pipeline&quot;,&quot;value&quot;:&quot;Ongoing&quot;,&quot;description&quot;:&quot;AEON added 391 new tenants across malls in FY2024&quot;},{&quot;label&quot;:&quot;Mall expansion plans&quot;,&quot;value&quot;:&quot;Refurbishment focused&quot;,&quot;description&quot;:&quot;No major expansion, but part of AEON&#39;s revitalization strategy&quot;}]}" data-map-mapbox-token-value="pk.eyJ1Ijoib2NjdXBpIiwiYSI6ImNtZXFkdHZwczBtNjIya215OWVpaGtucXoifQ.xiNo8HmyyKim2YrJ3LdqdQ" data-map-nearby-malls-value="{&quot;primary&quot;:[{&quot;id&quot;:1993,&quot;slug&quot;:&quot;the-hills-shopping-centre&quot;,&quot;name&quot;:&quot;The Hills Shopping Centre&quot;,&quot;lat&quot;:&quot;1.5525&quot;,&quot;lng&quot;:&quot;110.348&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;The Hills Shopping Centre is situated at No.8 Jalan Bukit Mata in central Kuching, Sarawak, Malaysia, reimagined in 2019 as a premium community lifestyle hub spanning an estimated 150,000 sq ft of gross leasable area. Positioned adjacent to the Kuching Waterfront, Chinatown, major hotels, government offices, banks, and educational institutions, it enjoys prime accessibility and integration with the citys vibrant core. The tenant mix emphasizes convenience and experiential retail, anchored by Goceli Supermarket for daily groceries and fresh produce, complemented by a robust F\u0026B segment featuring outlets like ZUS Coffee, Ding Tea, Potato Story, and diverse local-international cuisines in the Food Haven area. Additional categories include wellness facilities such as a climbing gym and Studio8 Fitness, co-working spaces for entrepreneurs, bespoke event venues for pop-ups and exhibitions, and creative studios for artists. In Kuchings retail market, where average occupancy hovers at 75-80% amid post-pandemic recovery, The Hills maintains a stable tenancy rate supported by its niche focus on community engagement over mass-market appeal. This positions it as a complementary option to larger competitors, drawing consistent footfall from urban residents and tourists. Leasing advantages encompass flexible unit sizes suitable for SMEs, competitive base rents of RM6-9 per sq ft monthly with turnover components, and promotional synergies through events that boost visibility. However, drawbacks include limited scale compared to regional malls, potential F\u0026B oversaturation, and vulnerability to economic fluctuations in Sarawaks resource-based economy, which could impact discretionary spending.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Kuching&quot;},&quot;anchor_tenants&quot;:&quot;Goceli Supermarket, Toys R Us, Old Town White Coffee&quot;,&quot;distance&quot;:2.98,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Goceli Supermarket, Toys R Us, Old Town White Coffee&quot;}},{&quot;id&quot;:2587,&quot;slug&quot;:&quot;the-hills-shopping-mall&quot;,&quot;name&quot;:&quot;The Hills Shopping Mall&quot;,&quot;lat&quot;:&quot;1.555415&quot;,&quot;lng&quot;:&quot;110.351173&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;The Hills Shopping Mall, located at 8 Jalan Bukit Mata in central Kuching, Sarawak, Malaysia, occupies 140,000 square feet over two storeys. Reimagined in 2019 from a traditional retail space to a community lifestyle hub, it integrates The Grounds for events, Food Haven with 12 stalls, and Food Lounge. Tenant mix encompasses Goceli Supermarket for essentials and groceries, diverse F\u0026B including Zus Coffee, Ding Tea, Potato Story, and international cuisines; retail anchors like Mr. DIY, Toys \&quot;R\&quot; Us, and fashion outlets such as MNG, Alfred Dunhill, Emilio Valentino, and Button Up; plus co-working areas, karaoke (Fun Hut), nail services (NM Nails), and pop-up event spaces. In Kuching&#39;s retail market, characterized by 63% average occupancy and rising competition from larger venues like Vivacity Megamall and The Spring, The Hills positions as a neighborhood-focused destination attracting urban dwellers. Leasing advantages feature central accessibility via major roads, synergy from mixed-use tenants boosting cross-shopping, and flexible terms amid post-pandemic recovery. Drawbacks include vulnerability to footfall shifts toward experiential mega-malls, potential rent pressures from economic slowdowns, and need for infrastructure upgrades to sustain appeal in a saturated market with e-commerce encroachment.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Kuching&quot;},&quot;anchor_tenants&quot;:&quot;Goceli Supermarket&quot;,&quot;distance&quot;:3.43,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;10000&quot;,&quot;anchor_tenants&quot;:&quot;Goceli Supermarket&quot;}},{&quot;id&quot;:1209,&quot;slug&quot;:&quot;the-spring-kuching&quot;,&quot;name&quot;:&quot;The Spring Kuching&quot;,&quot;lat&quot;:&quot;1.535619&quot;,&quot;lng&quot;:&quot;110.357612&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;The Spring Shopping Mall, situated along Persiaran Spring in Kuching, Sarawak, opened in January 2008 and offers 420,000 square feet of gross leasable area across four levels, accommodating 139 retail outlets. It serves as a prominent retail hub in the city, approximately 15 minutes by car from the central business district and Kuching International Airport, with connectivity via public buses K8 and K11, a pedestrian bridge to neighboring ST3 Mall, and planned integration with the Kuching Urban Transportation System Blue Line for improved mass transit access. The tenant mix is balanced, with fashion and apparel comprising key anchors such as H\u0026M, Uniqlo, Padini Concept Store, and international brands like Levi’s, Cotton On, and Coach, representing about 40% of space. Lifestyle and beauty sectors feature MUJI, Sephora, Bath \u0026 Body Works, Watsons, and jewelry from Pandora and Habib, while F\u0026B occupies 20% with FoodBazaar, Starbucks, KFC, Nando’s, and Secret Recipe. Entertainment includes GSC Cinemas with eight screens, and Ta Kiong Supermarket provides grocery options. In Kuching retail market, total space reached 10.19 million square feet by mid-2019, with ongoing expansion pressuring occupancy to an average 63% in 2024; The Spring stands at 60%, indicating stable but challenged performance amid recovering footfall at 75% of pre-pandemic levels, fueled by F\u0026B and events. Demographic draw includes urban middle-class families, young professionals from nearby Swinburne University, and tourists in a 600,000-resident metro area with 3.64% retail CAGR to 2030. Leasing benefits encompass flexible terms and rents of RM 8-12 per square foot, but risks involve competition from larger rivals like Vivacity Megamall and AEON, potential infrastructure aging, and market saturation in fashion categories.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Kuching&quot;},&quot;anchor_tenants&quot;:&quot;GSC Cinemas,H\u0026M,MUJI,Padini Concept Store,Uniqlo,Ta Kiong Supermarket&quot;,&quot;distance&quot;:2.42,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;180&quot;,&quot;gla_sqm&quot;:&quot;39000&quot;,&quot;anchor_tenants&quot;:&quot;GSC Cinemas,H\u0026M,MUJI,Padini Concept Store,Uniqlo,Ta Kiong Supermarket&quot;}},{&quot;id&quot;:1984,&quot;slug&quot;:&quot;the-spring-shopping-mall&quot;,&quot;name&quot;:&quot;The Spring Shopping Mall&quot;,&quot;lat&quot;:&quot;1.532&quot;,&quot;lng&quot;:&quot;110.342&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;The Spring Shopping Mall, located at Persiaran Spring in Kuching, Sarawak, Malaysia, is a prominent retail destination opened in 2011 with approximately 1.2 million square feet of gross leasable area. It serves as a key shopping hub in the region, attracting a diverse mix of local shoppers and tourists. The mall features over 200 tenants, including anchor stores such as Parkson Department Store, Aeon Big hypermarket, and Golden Screen Cinemas, alongside a balanced tenant mix of fashion outlets like H\u0026M and Uniqlo, dining options exceeding 50 eateries, and entertainment facilities. Market positionally, it holds a leading role in Kuching&#39;s retail landscape, benefiting from strong footfall driven by its modern design and central location near residential and commercial districts. Occupancy rates have historically been high, around 95-98% as per 2017 reports, outperforming the Kuching average of 70%. Rent levels for prime spaces range from RM10 to RM20 per square foot per month, reflecting stable demand. Accessibility is enhanced by proximity to major roads and public transport, though traffic congestion during peak hours poses minor challenges. Demographic profile includes middle to upper-middle-class families aged 25-55, with growing tourist influx from Borneo region. Leasing advantages include high visibility, robust sales potential from consistent footfall estimated at over 5 million annual visitors, and supportive management for tenant promotions. However, increasing competition from newer developments like VivaCity Megamall may pressure occupancy, and regional economic factors such as oil dependency in Sarawak could impact consumer spending. Overall, it offers solid performance metrics but requires careful evaluation of category-specific saturation in fashion and F\u0026B segments.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Kuching&quot;},&quot;anchor_tenants&quot;:&quot;Parkson, Ta Kiong Supermarket, GSC Cinemas, H\u0026M, Uniqlo, Padini&quot;,&quot;distance&quot;:0.69,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;39000&quot;,&quot;anchor_tenants&quot;:&quot;Parkson, Ta Kiong Supermarket, GSC Cinemas, H\u0026M, Uniqlo, Padini&quot;}},{&quot;id&quot;:1207,&quot;slug&quot;:&quot;city-one-megamall&quot;,&quot;name&quot;:&quot;City One Megamall&quot;,&quot;lat&quot;:&quot;1.5205&quot;,&quot;lng&quot;:&quot;110.3552&quot;,&quot;property_type&quot;:null,&quot;description&quot;:&quot;City One Megamall, situated at No.1 Jalan Song in central Kuching, Sarawak, Malaysia, forms part of a 1.5 million square foot mixed-use development completed in 2011, allocating 650,000 square feet to net retail space over four levels with capacity for 400 outlets. It serves as a mid-tier shopping venue targeting local residents, featuring anchor tenants including Golden Screen Cinemas on the third floor for entertainment draw, Everrise Supermarket on the ground floor for grocery needs, and SSF on the first floor for fashion. The tenant mix spans categories such as apparels, banking and financial services, beauty and salons, education centers, fashion accessories and gifts, food and beverage outlets, health and pharmacy, home furnishings, IT and electronics, jewelry, kids and toys, optical services, general services, sports and leisure, and stationery shops, promoting a balanced but unremarkable variety focused on daily essentials and family activities. In Kuchings retail landscape, marked by rapid supply expansion since the 2010s, the mall holds a secondary position amid intensified competition, with Sarawak shopping center occupancy averaging 76.8% as of third quarter 2024 per Henry Butcher reports, though City One reportedly contends with elevated vacancies around 25-30% based on local observations from early 2025. Leasing advantages encompass competitive base rents estimated at RM4 to RM7 per square foot monthly for comparable secondary spaces, coupled with incentives like initial rent abatements and flexible terms to attract occupants, alongside a central locale enhancing visibility. Drawbacks include softening market dynamics, with footfall recovering to about 75% of pre-pandemic norms yet trailing premium rivals like The Spring and VivaCity Megamall, which boast stronger tenant lineups and modern amenities. The propertys demographic catchment draws from Kuchings 609,000 metropolitan population, diverse with 69% Bumiputera, 24% Chinese, and indigenous groups, exhibiting moderate retail expenditure tied to oil and gas economic cycles, averaging RM5,000 monthly household incomes. Operational aspects reveal strengths in parking availability but weaknesses in infrastructure upkeep and category vitality, posing risks of co-tenancy dependencies and subdued sales performance for non-anchor retailers.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Kuching&quot;},&quot;anchor_tenants&quot;:&quot;Kenbest Sdn Bhd&quot;,&quot;distance&quot;:2.15,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;400&quot;,&quot;gla_sqm&quot;:&quot;4&quot;,&quot;anchor_tenants&quot;:&quot;Kenbest Sdn Bhd&quot;}},{&quot;id&quot;:1208,&quot;slug&quot;:&quot;vivacity-megamall&quot;,&quot;name&quot;:&quot;Vivacity Megamall&quot;,&quot;lat&quot;:&quot;1.5276&quot;,&quot;lng&quot;:&quot;110.3681&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Vivacity Megamall, opened in November 2015 and developed by Coramax Property, stands as Sarawaks largest retail destination with a gross floor area of 1.3 million square feet and 820,000 square feet of lettable space across five levels in Tabuan Jaya, Kuching. Positioned 10 minutes from the city center on Jalan Wan Alwi, it benefits from proximity to high-income neighborhoods and integrated residential Jazz Suites offering 672 units and a daily catchment of at least 2,000 residents. The tenant mix features anchors like Parkson department store, TGV Cinemas with eight screens, Harvey Norman for electronics and furniture, Everrise supermarket, and over 300 international, regional, and local brands, complemented by two food courts showcasing Kuching culinary options. Occupancy exceeds 90 percent, surpassing the Kuching average of around 70 percent, with footfall recovering to match or exceed 2019 levels amid rising eco-tourism. Rent levels align with premium positioning, estimated at RM10-15 per square foot monthly for prime spaces, supported by strong operational quality including modern infrastructure designed by Archicentre. Leasing advantages include high visibility in a growing market with Sarawaks 2.8 million population and Kuchings 600,000 metropolitan residents, but challenges arise from intermittent traffic congestion on access roads and increasing competition from rivals like The Spring and AEON Mall, potentially pressuring secondary tenant categories. Demographic profile favors middle-income households earning RM3,000-8,000 monthly, with a balanced age distribution of 35 percent under 25 and 40 percent aged 25-54, driving demand for fashion, F\u0026B, and entertainment. Overall, it offers stable performance for retailers targeting urban families, though saturation in value segments warrants careful category selection.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Kuching&quot;},&quot;anchor_tenants&quot;:&quot;Parkson, Harvey Norman, TGV Cinemas, Everrise&quot;,&quot;distance&quot;:3.42,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;350&quot;,&quot;gla_sqm&quot;:&quot;120774&quot;,&quot;anchor_tenants&quot;:&quot;Parkson, Harvey Norman, TGV Cinemas, Everrise&quot;}},{&quot;id&quot;:1210,&quot;slug&quot;:&quot;boulevard-shopping&quot;,&quot;name&quot;:&quot;Boulevard Shopping Mall&quot;,&quot;lat&quot;:&quot;1.508889&quot;,&quot;lng&quot;:&quot;110.336111&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Boulevard Shopping Mall in Kuching, Sarawak, Malaysia, spans 1.7 million square feet of retail space, established in 2007 with a major expansion in 2012 that positioned it as Sarawaks largest lifestyle destination. Located five minutes from Kuching International Airport, it draws a primary catchment of over 230,000 middle- to high-income residents within a five-mile radius, augmented by airport passenger traffic averaging 3-4 million annually. The tenant mix comprises over 230 outlets across themed zones: Stylish Avenue for apparel and accessories, Enchanter Boulevard for beauty and wellness, Savory for 20+ dining options, Gizmo Zone for gadgets, and Harajuku Mode for youth fashion, anchored by the Boulevard Hypermarket and Department Store. Complementary amenities include a skating rink, cinema, and integrated four-star Imperial Hotel with apartment suites, fostering extended dwell times. In Kuchings competitive retail market, Boulevard maintains a notable presence amid rapid supply growth, with city-wide occupancy averaging 63% in 2025 due to oversupply from rivals like The Spring and VivaCity. Leasing advantages encompass prime accessibility for impulse buys from travelers, diverse mix driving 20-30% cross-shopping, and flexible event spaces for brand activations. Drawbacks involve 60% occupancy at Boulevard, pressuring rents to RM 10-15 per square foot monthly, and vulnerability to tourism fluctuations impacting footfall, estimated at 5-7 million visitors yearly based on historical benchmarks. Operational strengths include modern themed layouts, though the aging 2007 core requires upkeep, and e-commerce competition erodes non-essential categories. Overall, it suits retailers targeting affluent locals and tourists in fashion, F\u0026B, and leisure, with balanced risk from market saturation.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Kuching&quot;},&quot;anchor_tenants&quot;:&quot;Boulevard Hypermarket, Emart&quot;,&quot;distance&quot;:2.12,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;230&quot;,&quot;gla_sqm&quot;:&quot;157935&quot;,&quot;anchor_tenants&quot;:&quot;Boulevard Hypermarket, Emart&quot;}}],&quot;secondary&quot;:[],&quot;outside&quot;:[]}" data-map-update-url-value="/malls/aeon-mall-kuching-central" id="mall-map-wrapper"><div data-city="Kuching" data-current-mall="true" data-id="aeon-mall-kuching-central" data-lat="1.5279" data-lng="110.3373" data-map-target="mall" data-name="Aeon Mall Kuching Central" 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">30 km</div><div class="stat-label">Secondary Catchment Area</div></div><div class="stat-card"><div class="stat-value">609,205 People</div><div class="stat-label">Catchment area population</div></div><div class="stat-card"><div class="stat-value">1.5</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">3.8</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">3,200 MYR per year</div><div class="stat-label">Retail spending per capita</div></div><div class="stat-card"><div class="stat-value">1,200 MYR per capita per year</div><div class="stat-label">Spending on apparel</div></div><div class="stat-card"><div class="stat-value">2,500 MYR per capita per year</div><div class="stat-label">Spending on groceries</div></div><div class="stat-card"><div class="stat-value">800 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">120 Minutes</div><div class="stat-label">Dwell time</div></div><div class="stat-card"><div class="stat-value">35.0</div><div class="stat-label">Conversion rate</div></div><div class="stat-card"><div class="stat-value">4,500 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 100km</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">52,000 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">60 MYR per month</div><div class="stat-label">Average rent per square meter</div></div><div class="stat-card"><div class="stat-value">30.0</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">Shuttle bus available</div><div class="stat-label">Public transport access</div></div><div class="stat-card"><div class="stat-value">1,600 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">59.0</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 and patrols</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</div><div class="stat-label">Promotional events</div></div><div class="stat-card"><div class="stat-value">High</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">7.0</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">Refurbishment focused</div><div class="stat-label">Mall expansion plans</div></div></div></div></div></div></div></template></turbo-stream>