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Kemang Village Mall, located in South Jakarta, opened in 2012 and spans 40,000 square meters of gross leasable area across five levels. Managed by Lippo Malls Indonesia Retail Trust, it positions as a premium retail destination in the upscale Kemang neighborhood, attracting middle to upper-middle income shoppers. The tenant mix includes 200 stores with key anchors: Hypermart for groceries, Cinema XXI for movies, Timezone for entertainment, and Uniqlo for apparel, offering high diversity across fashion, dining, and lifestyle categories.
Visitor motivations show 40 percent for shopping, 35 percent for dining, and 25 percent for home decor. Current occupancy is 18.8 percent, with 7,500 square meters available, providing leasing flexibility in a market where Jakarta average occupancy reached 73.8 percent in Q1 2025. Monthly footfall averages 250,000, equating to 6 million annually, with 90-minute dwell times.
Rent levels stand at approximately 500,000 IDR per square meter monthly, below the Q2 2025 city average of 564,904 IDR, potentially aiding negotiations. Demographics within a 5 km radius include 800,000 residents, 2.5 percent annual growth, average age 30 years, household size 3.8, 45 percent working population, and average income of 12,000,000 IDR monthly.
Accessibility features 1,200 parking spaces and strong public transport links.
Leasing advantages encompass 10 percent annual growth potential, 90 percent digital adoption, and 12 yearly events boosting engagement by 25 percent. However, challenges involve medium competitor density from nearby venues like Lippo Mall Kemang, market saturation in South Jakarta, and infrastructure maintenance needs in a 13-year-old property.
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Hours of Operation
Hours
| Monday | 10:00 AM — 10:00 PM |
| Tuesday | 10:00 AM — 10:00 PM |
| Wednesday | 10:00 AM — 10:00 PM |
| Thursday | 10:00 AM — 10:00 PM |
| Friday | 10:00 AM — 10:00 PM |
| Saturday | 10:00 AM — 10:00 PM |
| Sunday | 10:00 AM — 10:00 PM |
Hours may vary on public holidays. Check with individual stores for specific holiday schedules.
Insights
Demographics and Consumer Profile
The 5 km radius around Kemang Village Mall encompasses 800,000 people with 2.5 percent yearly growth, an average age of 30 years, household size of 3.8 persons, and 45 percent working population. Average monthly income is 12,000,000 IDR, supporting spending of about 950,000 IDR annually per capita on retail. This young, affluent demographic of professionals and families drives demand for fashion, dining, and entertainment, aligning with the mall tenant mix and contributing to consistent footfall of 250,000 monthly visitors.
Tenant Mix and Occupancy Rates
Kemang Village Mall hosts 200 stores with high diversity, anchored by Hypermart, Cinema XXI, Timezone, and Uniqlo, covering groceries, entertainment, and fashion. Visit reasons include 40 percent shopping and 35 percent dining. Occupancy is 18.8 percent, lower than Jakarta 73.8 percent Q1 2025 average, leaving 7,500 square meters available. This low rate offers tenants leverage for favorable lease terms, though it signals potential weaknesses in category performance or post-pandemic recovery challenges.
Market Competition and Leasing Risks
Jakarta retail rents stabilized at 564,904 IDR per square meter in Q2 2025, with Kemang Village at 500,000 IDR providing cost advantages. Medium competitor density from malls like Lippo Mall Kemang poses risks of footfall diversion in saturated South Jakarta. Strengths include good accessibility with 1,200 parking spots and public transport, plus 10 percent growth potential. Risks encompass aging infrastructure since 2012, 15 percent tenant mix vulnerability, and broader market factors like 5.37 percent unemployment impacting spending.
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Jakarta Selatan
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Jakarta Selatan
Comprehensive market intelligence for retail expansion in this city
