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Department Store AnchorsInternational ChainsNational ChainsCinema & LeisureMixed-Use & Office Traffic

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Ultra-Luxury PositioningDiscount RetailBudget Brands

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Pondok Indah Mall, located in the upscale Pondok Indah suburb of South Jakarta, Indonesia, is a premier shopping complex comprising three interconnected buildings: PIM1 (opened 1991, 3 floors), PIM2 (opened 2005, 5 floors), and PIM3 (opened 2021, 5 floors). The total leasable area exceeds 300,000 square meters, with approximately 400 stores and services. It forms part of the mixed-use Pondok Indah City Center, including office towers, apartments, and the InterContinental Hotel with 300 rooms.

Tenant mix features a balance of luxury fashion and lifestyle brands in PIM2 (e.g., international designer boutiques), everyday retail and supermarket in PIM1 (anchors: Metro Department Store, Hero Supermarket, Uniqlo), and a hybrid in PIM3 (Seibu Department Store, Ranch Market, Adidas expansions). Additional amenities include two Cinema XXI theaters, a water theme park, food courts, and event spaces like the City Hall convention center.

Market position: Ranked among Jakarta top five malls by Forbes (2017), it targets upper-middle to high-income consumers in a city with 3.17 million sqm of mall space. Occupancy for premium malls like this stands at around 90% as of 2025, supported by strong recovery post-pandemic.

Leasing advantages include high footfall from affluent local demographics (average household income IDR 50-100 million annually) and expats, excellent accessibility via Transjakarta busway and major roads, diverse tenant categories reducing risk, and omnichannel integration opportunities. However, challenges encompass elevated rent levels (IDR 1,500-3,000 per sqm/month for prime spaces), intense competition from nearby premium venues like Senayan City and Plaza Senayan, potential market saturation in luxury retail amid e-commerce growth, and vulnerability to economic fluctuations affecting discretionary spending.

Operational quality is high with modern infrastructure, though aging elements in PIM1 may require updates.

Overall, it offers stable performance in Jakartas evolving retail landscape, where premium segments outperform averages (citywide occupancy 77-80%).

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Hours of Operation

Hours

Checking...
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 — 10:00 PM
Saturday10:00 AM — 10:00 PM
Sunday10:00 AM — 10:00 PM
Holiday Hours

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

Jalan Metro Pondok Indah, Jakarta, Indonesia

Insights

Demographics and Footfall

Pondok Indah area features affluent residents with high disposable incomes (household averages IDR 50-100 million/year), including business elites, expatriates, and upper-middle class families, drawing from South Jakartas 2.3 million population. This supports strong footfall, estimated at millions annually for the complex, driven by its role as a social and lifestyle hub. Accessibility via Transjakarta Corridor 8 and proximity to business districts enhances visitor draw, though traffic congestion poses risks to peak-hour traffic. Weaknesses include reliance on high-income segments sensitive to economic downturns, potentially lowering footfall during recessions.

Tenant Mix and Occupancy

The tenant mix diversifies across categories: 40% fashion/luxury, 25% F&B, 15% groceries/department stores, 10% entertainment, and 10% services, with anchors like Seibu and Uniqlo ensuring traffic generation. Occupancy hovers near 90% for this premium asset, above city average of 77%, reflecting robust demand and proactive management. Strengths include balanced categories mitigating category-specific slumps; drawbacks involve high turnover in non-essential retail post-pandemic and competition for prime spaces from expanding international brands, necessitating flexible lease terms to maintain vitality.

Lease Terms and Market Risks

Rent levels range IDR 1,500-3,000 per sqm/month for ground-floor prime, with incentives like rent-free periods for new tenants amid 2025 market stabilization. Advantages: Predictable revenue from high-value tenants and mixed-use synergies boosting dwell time. Risks: Jakartas retail saturation (4.7 million sqm total stock), rising operational costs from inflation (3-5% annually), and external factors like VAT hikes to 12% in 2022 impacting consumer spending. Competition from e-commerce and nearby malls (e.g., Pacific Place) pressures margins, advising lessees to negotiate escalation caps and performance clauses for long-term viability.

Building Details

Property Type
Shopping Mall
Gross Leasable Area
180,000
Year Built
1991
Parking Spaces
2500
Average Monthly Footfall
1,666,667
Owner
PT Metropolitan Kentjana Tbk
Anchor Tenants
Metro Department Store, Hero Supermarket, Sogo, Seibu, Uniqlo, Cinema XXI

Detailed Market Analytics

Primary Catchment Area
5 km
Secondary Catchment Area
15 km
Catchment area population
3,000,000 People
Population growth rate
2.5 %
Median age
32 Years
Household size
3.8 Persons
Education level (tertiary)
45.0 %

Median household income
35,000,000 IDR/month
Unemployment rate
4.2 %
Cost of living index
120 Index (Jakarta=100)

Retail spending per capita
15,000,000 IDR/year
Spending on apparel
4,500,000 IDR/year
Spending on groceries
3,000,000 IDR/year
Spending on electronics
2,500,000 IDR/year

Annual foot traffic
20,000,000 Visitors
Dwell time
2.5 Hours
Conversion rate
25.0 %
Sales per square meter
50,000,000 IDR/sqm/year

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

Gross Leasable Area
180,000 sqm
Number of Levels
5 Levels
Average rent per square meter
808,500 IDR/sqm/month
Vacancy rate
17.2 %
Lease term flexibility
Medium Flexibility
Available retail space
10,000 sqm

Proximity to main roads
Direct Access
Public transport access
High Access
Parking spaces
2,500 Spaces
Pedestrian traffic
High Traffic

E-commerce competition
High Competition
Click-and-collect adoption
Medium Adoption
Internet penetration
73.7 %

Retail crime rate
Low Rate
Security measures
Comprehensive Measures

Promotional events
Frequent Events
Loyalty program penetration
High Penetration
Digital signage presence
Yes Presence

Projected foot traffic growth
4.0 %
New tenant pipeline
Medium Pipeline
Mall expansion plans
Yes Plans
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