<turbo-stream action="replace" target="mall-map-wrapper"><template><div data-controller="map" data-lat="2.191806" data-lng="102.246444" data-map-catchment-data-value="{&quot;lat&quot;:&quot;2.191806&quot;,&quot;lng&quot;:&quot;102.246444&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 radius&quot;,&quot;description&quot;:&quot;Estimated primary trade area radius for local shoppers&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 radius including regional visitors&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 catchment areas in Melaka region&quot;},{&quot;label&quot;:&quot;Population growth rate&quot;,&quot;value&quot;:&quot;1.0&quot;,&quot;description&quot;:&quot;Annual population growth rate in Melaka based on recent statistics&quot;},{&quot;label&quot;:&quot;Median age&quot;,&quot;value&quot;:&quot;30 Years&quot;,&quot;description&quot;:&quot;Median age of population in Melaka catchment area&quot;},{&quot;label&quot;:&quot;Household size&quot;,&quot;value&quot;:&quot;4.0 Persons&quot;,&quot;description&quot;:&quot;Average household size in Melaka households&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 Melaka&quot;}],&quot;Economic Indicators&quot;:[{&quot;label&quot;:&quot;Median household income&quot;,&quot;value&quot;:&quot;6,518 MYR&quot;,&quot;description&quot;:&quot;Median monthly household income in Melaka&quot;},{&quot;label&quot;:&quot;Unemployment rate&quot;,&quot;value&quot;:&quot;3.5&quot;,&quot;description&quot;:&quot;Unemployment rate in Melaka/Malaysia region&quot;},{&quot;label&quot;:&quot;Cost of living index&quot;,&quot;value&quot;:&quot;45 Index&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;9,000 MYR&quot;,&quot;description&quot;:&quot;Annual retail spending per capita in Malaysia, adjusted for region&quot;},{&quot;label&quot;:&quot;Spending on apparel&quot;,&quot;value&quot;:&quot;600 MYR&quot;,&quot;description&quot;:&quot;Annual per capita spending on apparel in Malaysia&quot;},{&quot;label&quot;:&quot;Spending on groceries&quot;,&quot;value&quot;:&quot;3,000 MYR&quot;,&quot;description&quot;:&quot;Annual per capita spending on groceries in Malaysia&quot;},{&quot;label&quot;:&quot;Spending on electronics&quot;,&quot;value&quot;:&quot;1,000 MYR&quot;,&quot;description&quot;:&quot;Annual per capita spending on electronics in Malaysia&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 Mahkota Parade based on pre and post-pandemic data&quot;},{&quot;label&quot;:&quot;Dwell time&quot;,&quot;value&quot;:&quot;90 Minutes&quot;,&quot;description&quot;:&quot;Average dwell time per visit in Malaysian malls&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 in similar Malaysian malls&quot;},{&quot;label&quot;:&quot;Sales per square meter&quot;,&quot;value&quot;:&quot;7,500 MYR&quot;,&quot;description&quot;:&quot;Annual sales per square meter in Malaysian retail spaces&quot;}],&quot;Competition \u0026 Tenant Mix&quot;:[{&quot;label&quot;:&quot;Number of retail stores&quot;,&quot;value&quot;:&quot;400 Stores&quot;,&quot;description&quot;:&quot;Total number of retail outlets in Mahkota Parade&quot;},{&quot;label&quot;:&quot;Anchor tenant presence&quot;,&quot;value&quot;:&quot;Yes Presence&quot;,&quot;description&quot;:&quot;Presence of major anchor tenants like Parkson and Jaya Grocer&quot;},{&quot;label&quot;:&quot;Competitor density (same category)&quot;,&quot;value&quot;:&quot;3 Malls&quot;,&quot;description&quot;:&quot;Number of competing malls in Melaka city area&quot;},{&quot;label&quot;:&quot;Tenant diversity&quot;,&quot;value&quot;:&quot;High Level&quot;,&quot;description&quot;:&quot;Diverse mix of F\u0026B, fashion, and entertainment tenants&quot;},{&quot;label&quot;:&quot;Unique Concepts&quot;,&quot;value&quot;:&quot;Yes Presence&quot;,&quot;description&quot;:&quot;Unique retail concepts including local and international brands&quot;}],&quot;Real Estate \u0026 Leasing&quot;:[{&quot;label&quot;:&quot;Gross Leasable Area&quot;,&quot;value&quot;:&quot;129,380 sqm&quot;,&quot;description&quot;:&quot;Net Lettable Area serving as gross leasable area for Mahkota Parade&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;60 MYR&quot;,&quot;description&quot;:&quot;Monthly average rent per square meter (converted from psf estimates)&quot;},{&quot;label&quot;:&quot;Vacancy rate&quot;,&quot;value&quot;:&quot;10.0&quot;,&quot;description&quot;:&quot;Current vacancy rate based on recent portfolio occupancy&quot;},{&quot;label&quot;:&quot;Lease term flexibility&quot;,&quot;value&quot;:&quot;3-5 years Years&quot;,&quot;description&quot;:&quot;Standard lease terms with some flexibility for key tenants&quot;},{&quot;label&quot;:&quot;Available retail space&quot;,&quot;value&quot;:&quot;4,831&quot;,&quot;description&quot;:&quot;Estimated available space based on vacancy&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 access to major roads in Melaka city center&quot;},{&quot;label&quot;:&quot;Public transport access&quot;,&quot;value&quot;:&quot;High Level&quot;,&quot;description&quot;:&quot;Good connectivity via buses and proximity to transport hubs&quot;},{&quot;label&quot;:&quot;Parking spaces&quot;,&quot;value&quot;:&quot;1,200 Spaces&quot;,&quot;description&quot;:&quot;Number of parking spaces available at the mall&quot;},{&quot;label&quot;:&quot;Pedestrian traffic&quot;,&quot;value&quot;:&quot;High Level&quot;,&quot;description&quot;:&quot;High pedestrian footfall due to central location&quot;}],&quot;Digital \u0026 E-commerce Trends&quot;:[{&quot;label&quot;:&quot;E-commerce competition&quot;,&quot;value&quot;:&quot;High Level&quot;,&quot;description&quot;:&quot;Strong e-commerce growth in Malaysia at 12% annually&quot;},{&quot;label&quot;:&quot;Click-and-collect adoption&quot;,&quot;value&quot;:&quot;30.0&quot;,&quot;description&quot;:&quot;Adoption rate of click-and-collect services in Malaysian retail&quot;},{&quot;label&quot;:&quot;Internet penetration&quot;,&quot;value&quot;:&quot;95.0&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;2.0&quot;,&quot;description&quot;:&quot;Estimated retail crime rate relative to incidents in Melaka&quot;},{&quot;label&quot;:&quot;Security measures&quot;,&quot;value&quot;:&quot;CCTV and Guards Measures&quot;,&quot;description&quot;:&quot;Comprehensive security with CCTV, patrols, and access control&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;Regular promotional events and festivals&quot;},{&quot;label&quot;:&quot;Loyalty program penetration&quot;,&quot;value&quot;:&quot;20.0&quot;,&quot;description&quot;:&quot;Estimated penetration of mall loyalty programs&quot;},{&quot;label&quot;:&quot;Digital signage presence&quot;,&quot;value&quot;:&quot;Yes Presence&quot;,&quot;description&quot;:&quot;Digital signage throughout the mall for promotions&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;Ongoing Status&quot;,&quot;description&quot;:&quot;Active pipeline for new and remixed tenants&quot;},{&quot;label&quot;:&quot;Mall expansion plans&quot;,&quot;value&quot;:&quot;nan Plans&quot;,&quot;description&quot;:&quot;No major expansion plans currently announced&quot;}]}" data-map-mapbox-token-value="pk.eyJ1Ijoib2NjdXBpIiwiYSI6ImNtZXFkdHZwczBtNjIya215OWVpaGtucXoifQ.xiNo8HmyyKim2YrJ3LdqdQ" data-map-nearby-malls-value="{&quot;primary&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;:0.5,&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;:1.88,&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;: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;:1.31,&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;: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;:0.68,&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;:1.45,&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;:1.76,&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;secondary&quot;:[{&quot;id&quot;:2584,&quot;slug&quot;:&quot;aeon-mall-krubong&quot;,&quot;name&quot;:&quot;Aeon Mall Krubong&quot;,&quot;lat&quot;:&quot;2.2815&quot;,&quot;lng&quot;:&quot;102.2405&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Aeon Mall Krubong, located in the suburban Krubong area of Melaka, is a regional shopping center developed by AEON Group Malaysia, spanning approximately 600,000 square feet of gross leasable area. Opened in the mid-2010s, it caters to the needs of local residents in a growing residential and industrial zone. The property features the anchor AEON hypermarket occupying 150,000 sq ft, complemented by a diverse tenant mix including mid-tier fashion brands like Padini, Giordano, and local apparel stores; electronics outlets such as Courts and Senheng; F\u0026B options ranging from international chains like KFC, McDonalds, and Starbucks to halal-certified local eateries; and leisure facilities including a 6-screen cinema and indoor playground. Market position is solid within northern Melaka, drawing from a catchment area of over 200,000 people within a 10km radius, supported by the citys status as a UNESCO heritage site that boosts weekend tourism. Occupancy rates have maintained above 90% since 2023, per AEONs annual reports, with average monthly rents at RM6.50 to RM8.00 per sq ft for ground floor units, reflecting stable demand amid economic recovery. Accessibility is enhanced by direct links to Jalan Tun Razak and the North-South Expressway, with over 1,200 parking bays, though public transport options remain limited to infrequent bus services. Demographic profile targets middle-income households (median income RM4,500-6,000), young families, and blue-collar workers from nearby industrial parks, with footfall averaging 12,000 daily and peaking at 25,000 on weekends and holidays. Leasing advantages include AEONs marketing support, flexible lease durations of 3-5 years, and turnover-based rent structures that mitigate risks during low seasons. However, challenges encompass intense competition from established malls like Dataran Pahlawan Megamall (higher tourist draw) and AEON Bandaraya Melaka (newer facilities), potential infrastructure wear from high humidity, and category weaknesses in high-end retail due to market saturation. Operational quality is rated average, with efficient management but occasional complaints on maintenance and crowd control during promotions. Overall, the mall offers practical leasing for value-oriented retailers, though success depends on adapting to local preferences and economic variances in Melakas retail landscape valued at RM2.5 billion annually.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Melaka&quot;},&quot;anchor_tenants&quot;:&quot;AEON Supermarket;Parkson;GSC Cinemas&quot;,&quot;distance&quot;:10.0,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;200&quot;,&quot;gla_sqm&quot;:&quot;40000&quot;,&quot;anchor_tenants&quot;:&quot;AEON Supermarket;Parkson;GSC Cinemas&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;:5.97,&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;outside&quot;:[]}" data-map-update-url-value="/malls/mahkota-parade" id="mall-map-wrapper"><div data-city="Melaka" data-current-mall="true" data-id="mahkota-parade" data-lat="2.191806" data-lng="102.246444" data-map-target="mall" data-name="Mahkota Parade" 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">800,000 People</div><div class="stat-label">Catchment area population</div></div><div class="stat-card"><div class="stat-value">1.0</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">6,518 MYR</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">45 Index</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">9,000 MYR</div><div class="stat-label">Retail spending per capita</div></div><div class="stat-card"><div class="stat-value">600 MYR</div><div class="stat-label">Spending on apparel</div></div><div class="stat-card"><div class="stat-value">3,000 MYR</div><div class="stat-label">Spending on groceries</div></div><div class="stat-card"><div class="stat-value">1,000 MYR</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">90 Minutes</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</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">400 Stores</div><div class="stat-label">Number of retail stores</div></div><div class="stat-card"><div class="stat-value">Yes Presence</div><div class="stat-label">Anchor tenant presence</div></div><div class="stat-card"><div class="stat-value">3 Malls</div><div class="stat-label">Competitor density (same category)</div></div><div class="stat-card"><div class="stat-value">High Level</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">129,380 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">60 MYR</div><div class="stat-label">Average rent per square meter</div></div><div class="stat-card"><div class="stat-value">10.0</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">High Level</div><div class="stat-label">Public transport access</div></div><div class="stat-card"><div class="stat-value">1,200 Spaces</div><div class="stat-label">Parking spaces</div></div><div class="stat-card"><div class="stat-value">High Level</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 Level</div><div class="stat-label">E-commerce competition</div></div><div class="stat-card"><div class="stat-value">30.0</div><div class="stat-label">Click-and-collect adoption</div></div><div class="stat-card"><div class="stat-value">95.0</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">2.0</div><div class="stat-label">Retail crime rate</div></div><div class="stat-card"><div class="stat-value">CCTV and Guards Measures</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">20.0</div><div class="stat-label">Loyalty program penetration</div></div><div class="stat-card"><div class="stat-value">Yes Presence</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 Status</div><div class="stat-label">New tenant pipeline</div></div><div class="stat-card"><div class="stat-value">nan Plans</div><div class="stat-label">Mall expansion plans</div></div></div></div></div></div></div></template></turbo-stream>