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Aeon Mall Shah Alam is a suburban shopping center located at No.1, Jalan Akuatik 13/64, Seksyen 13, 40100 Shah Alam, Selangor Darul Ehsan, approximately 40 minutes drive from central Kuala Lumpur. Opened in March 2016, it spans a gross leasable area (GLA) of about 65,000 square meters across four above-ground floors, with an anchor tenant AEON Shah Alam Store occupying 27,000 square meters focused on groceries, apparel, and household goods.

The mall houses around 200 specialty stores, including 62 debuting in Selangor at launch, offering a diverse tenant mix: fashion and accessories (international brands), F&B (gourmet and halal options with a Japan Street zone), health and beauty, entertainment, services, and home specialties.

Accessibility is strong via major north-south and east-west highways, with 2,500 parking spaces and public facilities like prayer rooms and baby areas. Operating hours are 10:00 AM to 10:00 PM weekdays, extended to 10:30 PM weekends. In the Klang Valley retail market, it holds a solid position as a community-focused mall serving a trade area of 280,000 residents within a 15-minute drive, benefiting from Shah Alams balanced modern-natural environment and manufacturing base.

Leasing advantages include stable occupancy around 93% group-wide for AEON malls in 2024, competitive rents of RM10-15 per square foot monthly for suburban spaces, and footfall recovery post-pandemic driven by F&B and events. However, market saturation with nearby competitors like Setia City Mall and the new Elmina Lakeside Mall (opened August 2024) poses challenges, alongside e-commerce pressures and infrastructure aging potential after nearly a decade.

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Hours of Operation

Hours

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Monday10:00 AM — 10:00 PM
Tuesday10:00 AM — 10:00 PM
Wednesday10:00 AM — 10:00 PM
Thursday10:00 AM — 10:00 PM
Friday10:00 AM — 10:30 PM
Saturday10:00 AM — 10:30 PM
Sunday10:00 AM — 10:00 PM
Holiday Hours

Hours may vary on public holidays. Check with individual stores for specific holiday schedules.

No.1, Jalan Akuatik 13/64, Shah Alam, Malaysia

Insights

Demographic Profile

Shah Alam features a population of approximately 740,000 in its metropolitan area, with a median household income of RM7,017 nationally but higher in Selangor at around RM8,500 due to affluent suburban residents and manufacturing professionals. The trade area for Aeon Mall Shah Alam includes 280,000 residents and 70,000 households, predominantly young families (ages 25-44) and middle-income groups (RM5,000-10,000 monthly). This demographic supports steady demand for family-oriented retail, groceries, and casual dining, with 60% Malay, 20% Chinese, and 15% Indian ethnic mix influencing halal-focused F&B preferences. Strengths include proximity to Kuala Lumpur attracting weekend shoppers; risks involve income disparities potentially limiting luxury spending amid 3.8% retail growth in 2024.

Competitive Landscape

Aeon Mall Shah Alam operates in a competitive Shah Alam retail scene with established rivals like Alamanda Shopping Centre (GLA 500,000 sq ft, strong anchor mix) and Setia City Mall (upscale positioning), plus the recent Elmina Lakeside Mall addition increasing supply by 230,000 sq ft. Klang Valley overall has 86.2% average occupancy in Q3 2024, with Aeon benefiting from its 93.6% group rate but facing pressure from 43.3 million sq ft Selangor inventory. Footfall advantages stem from highway access and events like Selera Sedunia food festivals; drawbacks include category overlaps in fashion and F&B leading to tenant churn and market saturation risks, potentially capping sales growth at 3-5% annually versus 5-7% in prime KL malls.

Lease Terms and Operational Quality

Leasing at Aeon Mall Shah Alam offers base rents of RM10-15 per square foot monthly, with turnover rents tied to sales performance and incentives for long-term commitments (3-5 years typical). Occupancy stability at 93% supports reliable revenue, aided by proactive tenant onboarding (391 new AEON-wide in FY2024). Operational strengths include modern facilities with 2,500 parking spots and family amenities, though aging infrastructure post-2016 opening may require capex for upkeep. Risks encompass access congestion during peaks, competition eroding footfall (estimated 5-7 million annual visitors), and economic sensitivities in manufacturing-heavy demographics; balanced by AEONs 30+ years local expertise ensuring quality management and diverse mix resilience.

Building Details

Property Type
Shopping Mall
Gross Leasable Area
65,000
Year Built
2016
Parking Spaces
3000
Average Monthly Footfall
1,250,000
Owner
AEON CO. (M) BHD.
Anchor Tenants
AEON,Uniqlo,H&M,Padini

Detailed Market Analytics

Primary Catchment Area
5-10 km radius Area
Secondary Catchment Area
10-20 km radius Area
Catchment area population
800,000 People
Population growth rate
1.5 %
Median age
31.3 Years
Household size
4.1 People
Education level (tertiary)
40.0 %

Median household income
8,000 RM
Unemployment rate
3.0 %
Cost of living index
45 Index

Retail spending per capita
2,500 USD
Spending on apparel
168 USD
Spending on groceries
500 USD
Spending on electronics
117 USD

Annual foot traffic
15,000,000 Visitors
Dwell time
52 Minutes
Conversion rate
55.0 %
Sales per square meter
2,500 RM

Number of retail stores
200 Stores
Anchor tenant presence
Yes
Competitor density (same category)
Medium
Tenant diversity
High
Unique Concepts
Yes

Gross Leasable Area
65,000 sqm
Number of Levels
4 Levels
Average rent per square meter
188 RM
Vacancy rate
15.0 %
Lease term flexibility
Medium
Available retail space
Low

Proximity to main roads
Yes
Public transport access
Yes
Parking spaces
3,000 Spaces
Pedestrian traffic
Medium

E-commerce competition
High
Click-and-collect adoption
Increasing
Internet penetration
97.7 %

Retail crime rate
Low-Medium
Security measures
CCTV, Guards

Promotional events
Yes
Loyalty program penetration
High
Digital signage presence
Yes

Projected foot traffic growth
7.0 %
New tenant pipeline
Yes
Mall expansion plans
Yes
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