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Mal Kelapa Gading, situated in the Kelapa Gading district of North Jakarta, Indonesia, is a major shopping and entertainment destination managed by Summarecon Agung. The property encompasses a gross floor area of 208,000 square meters and a net leasable area of 133,000 square meters, accommodating over 550 tenants. The tenant mix is diverse, featuring international and local brands in fashion (e.g., Uniqlo, Zara), food and beverage outlets comprising approximately 45 percent of space, electronics, supermarkets like Lotte Mart, and entertainment options including cinemas and family zones.
As of mid-2025, occupancy stands at 92 percent, outperforming the Jakarta average of 74-77 percent, underscoring its market leadership in the North Jakarta submarket. Annual footfall reached 32 million visitors in 2024, with 15.7 million in the first half of 2025, supported by events and proximity to affluent residential townships.
Leasing advantages include stable high traffic for sales generation and average rents of Rp 344,000 per square meter per month, appealing for retailers targeting middle to upper-income consumers. However, challenges arise from intense local competition and Jakarta-wide e-commerce pressures, alongside occasional access disruptions due to urban traffic and infrastructure projects.
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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 Footfall
Kelapa Gading serves a demographic of middle to upper-middle class residents, including young professionals, families, and expatriates, with average household incomes exceeding Jakarta norms, fostering demand for premium retail and dining. The areas business parks and housing estates contribute to weekday traffic from office workers. Footfall data shows robust performance at 32 million annual visitors in 2024 and 15.7 million in H1 2025, indicating consistent draw despite seasonal dips. This supports strong sales per square meter, though reliance on weekend peaks highlights vulnerability to economic slowdowns or competing events.
Competition and Market Factors
North Jakarta retail landscape features high competition from proximate malls like Mall of Indonesia (with similar entertainment focus) and Kelapa Gading Square, leading to market saturation in fashion and F&B categories. While Mal Kelapa Gading benefits from its scale and established position, capturing incremental share requires differentiated programming. Broader Jakarta market in 2025 shows stable but modest growth, with premium occupancy near 90 percent amid e-commerce rise and post-pandemic shifts, posing risks to non-essential retail categories and necessitating adaptive tenant strategies.
Lease Terms and Operational Quality
Leasing terms feature average base rents of Rp 344,000 per square meter per month and service charges of Rp 119,000, competitive for premium space with 92 percent occupancy minimizing vacancy risks. Incentives may include fit-out contributions for anchor tenants. Infrastructure includes modern multi-level parking for 5,000 vehicles and MRT connectivity plans, enhancing accessibility, but traffic congestion on Boulevard Raya Kelapa Gading remains a drawback. Ongoing upgrades maintain operational standards, though potential aging in non-core areas could elevate maintenance costs, impacting long-term viability.
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