<turbo-stream action="replace" target="mall-map-wrapper"><template><div data-controller="map" data-lat="-6.162" data-lng="106.804" data-map-catchment-data-value="{&quot;lat&quot;:&quot;-6.162&quot;,&quot;lng&quot;:&quot;106.804&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;1 km radius&quot;,&quot;description&quot;:&quot;Core area within walking distance serving immediate customers&quot;},{&quot;label&quot;:&quot;Secondary Catchment Area&quot;,&quot;value&quot;:&quot;5 km radius&quot;,&quot;description&quot;:&quot;Extended area for drive-in or transport-accessible shoppers&quot;},{&quot;label&quot;:&quot;Catchment area population&quot;,&quot;value&quot;:&quot;800,000 People&quot;,&quot;description&quot;:&quot;Estimated total population in primary and secondary catchment, based on Jakarta central density&quot;},{&quot;label&quot;:&quot;Population growth rate&quot;,&quot;value&quot;:&quot;1.2&quot;,&quot;description&quot;:&quot;Annual growth in catchment population, aligned with urban Indonesia trends&quot;},{&quot;label&quot;:&quot;Median age&quot;,&quot;value&quot;:&quot;30 Years&quot;,&quot;description&quot;:&quot;Average age of residents in catchment, reflecting young urban demographic&quot;},{&quot;label&quot;:&quot;Household size&quot;,&quot;value&quot;:&quot;3.8 Persons&quot;,&quot;description&quot;:&quot;Average household members in Jakarta urban areas&quot;},{&quot;label&quot;:&quot;Education level (tertiary)&quot;,&quot;value&quot;:&quot;15.0&quot;,&quot;description&quot;:&quot;Percentage of population with higher education in central Jakarta&quot;}],&quot;Economic Indicators&quot;:[{&quot;label&quot;:&quot;Median household income&quot;,&quot;value&quot;:&quot;6,000,000 IDR/month&quot;,&quot;description&quot;:&quot;Typical monthly income for middle-class families in central Jakarta&quot;},{&quot;label&quot;:&quot;Unemployment rate&quot;,&quot;value&quot;:&quot;5.5&quot;,&quot;description&quot;:&quot;Local unemployment in Jakarta metropolitan area&quot;},{&quot;label&quot;:&quot;Cost of living index&quot;,&quot;value&quot;:&quot;55 (NY=100)&quot;,&quot;description&quot;:&quot;Relative cost of living in Jakarta compared to global standards&quot;}],&quot;Consumer Spending&quot;:[{&quot;label&quot;:&quot;Retail spending per capita&quot;,&quot;value&quot;:&quot;1,200 USD/year&quot;,&quot;description&quot;:&quot;Annual retail expenditure per person in urban Indonesia&quot;},{&quot;label&quot;:&quot;Spending on apparel&quot;,&quot;value&quot;:&quot;200 USD/year&quot;,&quot;description&quot;:&quot;Estimated yearly spend on clothing and fashion in middle-income households&quot;},{&quot;label&quot;:&quot;Spending on groceries&quot;,&quot;value&quot;:&quot;400 USD/year&quot;,&quot;description&quot;:&quot;Annual grocery purchases per capita in Jakarta&quot;},{&quot;label&quot;:&quot;Spending on electronics&quot;,&quot;value&quot;:&quot;150 USD/year&quot;,&quot;description&quot;:&quot;Yearly electronics and gadget spending in urban areas&quot;}],&quot;Mall Traffic \u0026 Performance&quot;:[{&quot;label&quot;:&quot;Annual foot traffic&quot;,&quot;value&quot;:&quot;6,000,000 Visitors/year&quot;,&quot;description&quot;:&quot;Estimated yearly visitors for a mid-tier Jakarta mall&quot;},{&quot;label&quot;:&quot;Dwell time&quot;,&quot;value&quot;:&quot;90 Minutes&quot;,&quot;description&quot;:&quot;Average time shoppers spend in the mall per visit&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&quot;},{&quot;label&quot;:&quot;Sales per square meter&quot;,&quot;value&quot;:&quot;15,000,000 IDR/sqm/year&quot;,&quot;description&quot;:&quot;Annual sales revenue per leasable square meter&quot;}],&quot;Competition \u0026 Tenant Mix&quot;:[{&quot;label&quot;:&quot;Number of retail stores&quot;,&quot;value&quot;:&quot;60 Stores&quot;,&quot;description&quot;:&quot;Total retail outlets and shops in the mall&quot;},{&quot;label&quot;:&quot;Anchor tenant presence&quot;,&quot;value&quot;:&quot;Yes Presence&quot;,&quot;description&quot;:&quot;Ramayana Department Store as primary anchor&quot;},{&quot;label&quot;:&quot;Competitor density (same category)&quot;,&quot;value&quot;:&quot;High Density&quot;,&quot;description&quot;:&quot;Multiple department stores and malls in central Jakarta&quot;},{&quot;label&quot;:&quot;Tenant diversity&quot;,&quot;value&quot;:&quot;Medium Categories&quot;,&quot;description&quot;:&quot;Mix of fashion, food, and general retail tenants&quot;},{&quot;label&quot;:&quot;Unique Concepts&quot;,&quot;value&quot;:&quot;Local Indonesian brands Concepts&quot;,&quot;description&quot;:&quot;Focus on affordable local and mid-range brands&quot;}],&quot;Real Estate \u0026 Leasing&quot;:[{&quot;label&quot;:&quot;Gross Leasable Area&quot;,&quot;value&quot;:&quot;8,000 sqm&quot;,&quot;description&quot;:&quot;Total rentable retail space in the mall&quot;},{&quot;label&quot;:&quot;Number of Levels&quot;,&quot;value&quot;:&quot;4 Floors&quot;,&quot;description&quot;:&quot;Multi-level structure including basement parking&quot;},{&quot;label&quot;:&quot;Average rent per square meter&quot;,&quot;value&quot;:&quot;500,000 IDR/sqm/month&quot;,&quot;description&quot;:&quot;Typical monthly rental rate for retail space&quot;},{&quot;label&quot;:&quot;Vacancy rate&quot;,&quot;value&quot;:&quot;8.0&quot;,&quot;description&quot;:&quot;Percentage of leasable space currently unoccupied&quot;},{&quot;label&quot;:&quot;Lease term flexibility&quot;,&quot;value&quot;:&quot;Medium Flexibility&quot;,&quot;description&quot;:&quot;Standard 3-5 year leases with some negotiation options&quot;},{&quot;label&quot;:&quot;Available retail space&quot;,&quot;value&quot;:&quot;2,000 sqm&quot;,&quot;description&quot;:&quot;Current vacant space available for leasing&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;Located on Hayam Wuruk main street for easy vehicle entry&quot;},{&quot;label&quot;:&quot;Public transport access&quot;,&quot;value&quot;:&quot;Good Access&quot;,&quot;description&quot;:&quot;Near TransJakarta bus stops and train stations&quot;},{&quot;label&quot;:&quot;Parking spaces&quot;,&quot;value&quot;:&quot;500 Spaces&quot;,&quot;description&quot;:&quot;On-site parking capacity for shoppers&quot;},{&quot;label&quot;:&quot;Pedestrian traffic&quot;,&quot;value&quot;:&quot;High Traffic&quot;,&quot;description&quot;:&quot;Busy foot traffic 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 Competition&quot;,&quot;description&quot;:&quot;Strong online retail presence impacting physical sales&quot;},{&quot;label&quot;:&quot;Click-and-collect adoption&quot;,&quot;value&quot;:&quot;Moderate Adoption&quot;,&quot;description&quot;:&quot;Increasing use of in-mall pickup for online orders&quot;},{&quot;label&quot;:&quot;Internet penetration&quot;,&quot;value&quot;:&quot;80.0&quot;,&quot;description&quot;:&quot;Percentage of catchment population with internet access&quot;}],&quot;Safety \u0026 Security&quot;:[{&quot;label&quot;:&quot;Retail crime rate&quot;,&quot;value&quot;:&quot;Low to moderate Rate&quot;,&quot;description&quot;:&quot;Petty theft common in crowded malls, low violent crime&quot;},{&quot;label&quot;:&quot;Security measures&quot;,&quot;value&quot;:&quot;CCTV and guards Measures&quot;,&quot;description&quot;:&quot;Comprehensive surveillance and on-site security personnel&quot;}],&quot;Marketing \u0026 Events&quot;:[{&quot;label&quot;:&quot;Promotional events&quot;,&quot;value&quot;:&quot;Regular Events&quot;,&quot;description&quot;:&quot;Seasonal sales and cultural promotions&quot;},{&quot;label&quot;:&quot;Loyalty program penetration&quot;,&quot;value&quot;:&quot;20.0&quot;,&quot;description&quot;:&quot;Percentage of customers enrolled in mall loyalty schemes&quot;},{&quot;label&quot;:&quot;Digital signage presence&quot;,&quot;value&quot;:&quot;Yes Presence&quot;,&quot;description&quot;:&quot;LED screens for ads and information throughout mall&quot;}],&quot;Growth Potential&quot;:[{&quot;label&quot;:&quot;Projected foot traffic growth&quot;,&quot;value&quot;:&quot;3.0&quot;,&quot;description&quot;:&quot;Expected annual increase in visitors post-recovery&quot;},{&quot;label&quot;:&quot;New tenant pipeline&quot;,&quot;value&quot;:&quot;Ongoing Pipeline&quot;,&quot;description&quot;:&quot;Plans for adding mid-range and F\u0026B tenants&quot;},{&quot;label&quot;:&quot;Mall expansion plans&quot;,&quot;value&quot;:&quot;No major Plans&quot;,&quot;description&quot;:&quot;Focus on optimization rather than physical expansion&quot;}]}" data-map-mapbox-token-value="pk.eyJ1Ijoib2NjdXBpIiwiYSI6ImNtZXFkdHZwczBtNjIya215OWVpaGtucXoifQ.xiNo8HmyyKim2YrJ3LdqdQ" data-map-nearby-malls-value="{&quot;primary&quot;:[{&quot;id&quot;:1437,&quot;slug&quot;:&quot;plaza-indonesia&quot;,&quot;name&quot;:&quot;Plaza Indonesia&quot;,&quot;lat&quot;:&quot;-6.1931&quot;,&quot;lng&quot;:&quot;106.8219&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza Indonesia is a premier luxury shopping mall located at Jalan M.H. Thamrin in Central Jakarta, Indonesia, adjacent to the Selamat Datang Monument. Opened in 1990, it spans a gross leasable area of approximately 105,072 square meters across seven retail floors, including a basement level, with over 450 stores and services. The complex integrates high-end retail with the Grand Hyatt Jakarta hotel, Keraton at the Plaza residences, and an office tower, forming a mixed-use development on a 38,050 square meter site. As one of Jakarta&#39;s earliest luxury destinations, it holds a strong market position in the central business district, attracting affluent shoppers amid a competitive retail landscape. Tenant mix emphasizes international luxury fashion brands, many exclusive to Indonesia, alongside lifestyle, dining, and entertainment options. Key anchors include department stores and upscale F\u0026B outlets, supporting a balanced zoning strategy. In 2025, Jakarta&#39;s premium malls like Plaza Indonesia maintain high occupancy rates near 90%, driven by stable demand from upper-income segments despite broader market averages of 77-78%. Leasing advantages include prime visibility and footfall from business professionals and tourists, with average base rents around IDR 171,800 per square meter per month for CBD retail, potentially higher for luxury spaces. Accessibility via major roads and MRT proximity aids traffic, though Jakarta&#39;s congestion poses challenges. Operational quality remains high with recent renovations, but competition from adjacent Grand Indonesia and evolving e-commerce trends require adaptive tenant curation to sustain performance.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Sogo, Debenhams, Chanel, Gucci, Louis Vuitton, Hermes&quot;,&quot;distance&quot;:3.98,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;300&quot;,&quot;gla_sqm&quot;:&quot;105072&quot;,&quot;anchor_tenants&quot;:&quot;Sogo, Debenhams, Chanel, Gucci, Louis Vuitton, Hermes&quot;}},{&quot;id&quot;:2091,&quot;slug&quot;:&quot;sarinah&quot;,&quot;name&quot;:&quot;Sarinah&quot;,&quot;lat&quot;:&quot;-6.1934&quot;,&quot;lng&quot;:&quot;106.8216&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Sarinah, located in Jakarta Pusat at Jalan M. H. Thamrin No. 11, is Indonesias first department store, established in 1966 as a state-owned enterprise under PT Sarinah (Persero). Revitalized and reopened in March 2022 as \&quot;The Window of Indonesia\&quot;, it spans approximately 25,000 square meters across nine floors, emphasizing Indonesian creative industries, handicrafts, batik, fashion, and cultural products. The property positions itself as a cultural hub promoting local artisans and SMEs, with a tenant mix dominated by domestic brands (about 80%), including fashion outlets like Batik Keris, accessory stores, and F\u0026B options featuring Indonesian cuisine. Accessibility is strong via MRT Thamrin Station, buses, and proximity to the central business district, attracting office workers, tourists, and locals. In the broader Jakarta retail market, which recorded an average occupancy of 77.9% in Q2 2025 with rents averaging Rp 171,800 per square meter per month, Sarinah benefits from its iconic status and government backing, offering leasing advantages such as flexible terms for cultural tenants and promotional support. However, as a middle-tier mall, it faces occupancy pressures around 70-75%, influenced by post-pandemic recovery and e-commerce growth. Footfall is estimated at 5,000-7,000 daily visitors, boosted by events and tourism, but lags behind upscale neighbors. Market factors include a saturated central Jakarta retail scene with over 3.7 million square meters of space, where F\u0026B and fashion drive 60% of leasing demand. Leasing here suits retailers targeting niche Indonesian product sales, with potential for co-branded cultural activations, though drawbacks include competition from modern facilities and the need for ongoing renovations to maintain appeal.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta Pusat&quot;},&quot;anchor_tenants&quot;:&quot;Hypermart, KFC, McDonald&#39;s, Chili&#39;s&quot;,&quot;distance&quot;:4.0,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;25000&quot;,&quot;anchor_tenants&quot;:&quot;Hypermart, KFC, McDonald&#39;s, Chili&#39;s&quot;}},{&quot;id&quot;:4430,&quot;slug&quot;:&quot;wisma-46-mall&quot;,&quot;name&quot;:&quot;Wisma 46 Mall&quot;,&quot;lat&quot;:&quot;-6.20361&quot;,&quot;lng&quot;:&quot;106.82&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Wisma 46 is a 46-story Grade A office skyscraper standing at 261.9 meters in the Sudirman Central Business District of Jakarta, part of the 15-hectare BNI City complex. Completed in 1996, it features a distinctive fountain pen-shaped design and serves primarily as a premium office space with ancillary retail and service facilities on lower levels. The property benefits from its central location surrounded by luxury hotels like Shangri-La, high-end residences, and major transport hubs including MRT stations, busways, and train lines, ensuring high accessibility for commuters and business professionals. Tenant mix includes multinational corporations and financial institutions in upper floors, while ground-level amenities comprise convenience stores such as Family Mart and Indomaret, healthcare providers like Century Healthcare and MHDC Dental Clinic, and specialty retail like iStyle.id Korean Market. Market position is strong in Jakartas competitive CBD retail landscape, where occupancy rates for similar properties average 90-95 percent as per Cushman and Wakefield reports, supported by annual sales per square meter of IDR 10-12 million in nearby areas. Leasing advantages include proximity to high-income demographics, robust footfall from over 100,000 daily office workers in Sudirman, and flexible zoning options from low to high floors for varied business needs. However, challenges arise from intense competition with established malls like Plaza Indonesia and Pacific Place, which offer broader retail variety, and Jakartas notorious traffic congestion impacting accessibility during peak hours. Operational quality is high with modern facilities including convention halls, meeting rooms, and landscaped gardens, but aging infrastructure in parts of the complex may require updates. Rent levels for retail spaces start around IDR 41 million annually for smaller units, reflecting premium CBD positioning amid market saturation in fashion and F\u0026B categories. Overall, it suits niche retailers targeting corporate clientele but demands careful evaluation of category fit amid evolving consumer preferences toward experiential shopping in larger venues.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Bank Negara Indonesia&quot;,&quot;distance&quot;:4.95,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;15&quot;,&quot;gla_sqm&quot;:&quot;70000&quot;,&quot;anchor_tenants&quot;:&quot;Bank Negara Indonesia&quot;}},{&quot;id&quot;:4418,&quot;slug&quot;:&quot;gajah-mada-plaza&quot;,&quot;name&quot;:&quot;Gajah Mada Plaza&quot;,&quot;lat&quot;:&quot;-6.160828&quot;,&quot;lng&quot;:&quot;106.818391&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Gajah Mada Plaza is a mid-sized retail property in Central Jakarta&#39;s Chinatown district, along Jalan Gajah Mada, a key commercial artery. Completed in 1982 with a gross floor area of 86,894 square meters and net lettable area of 29,428 square meters across seven levels plus basement and parking, it serves as a neighborhood-oriented destination. The tenant mix comprises 124 outlets, anchored by Matahari Department Store and Hypermart, with complementary categories including fashion (Giordano), dining (Solaria), coffee (Starbucks), and education (Rockstar Academy). Entertainment options feature a cinema, video game centers, restaurants, and a swimming pool, appealing to leisure seekers. As of December 2024, occupancy stands at 73.2%, aligning with Jakarta&#39;s average of 73.8% in Q1 2025 per market reports. Annual footfall reaches 4.7 million visitors, driven by proximity to offices, schools, and the bustling Chinatown market. The property targets middle- to upper-income families, professional executives, and students in the vicinity, benefiting from the area&#39;s cultural vibrancy and business activity. Leasing advantages include stable anchor tenants ensuring traffic, potential for rent reversion amid Jakarta&#39;s 0.5% Q2 2025 rental increase, and asset enhancement initiatives noted in recent reports enhancing appeal. However, as an older asset with lease expiry in 2040, it faces risks from aging infrastructure and competition from modern malls like Plaza Indonesia or Grand Indonesia nearby. Central Jakarta&#39;s retail market shows moderate saturation in fashion and F\u0026B, with traffic congestion impacting accessibility despite 885 car and 900 motorcycle parking spaces. Overall, it offers balanced performance for retailers in everyday essentials and local dining, though footfall growth may be constrained by urban density and e-commerce shifts.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Matahari Department Store, Cinema 21, Starbucks&quot;,&quot;distance&quot;:1.6,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;124&quot;,&quot;gla_sqm&quot;:&quot;36535&quot;,&quot;anchor_tenants&quot;:&quot;Matahari Department Store, Cinema 21, Starbucks&quot;}},{&quot;id&quot;:2116,&quot;slug&quot;:&quot;plaza-muraya&quot;,&quot;name&quot;:&quot;Plaza Muraya&quot;,&quot;lat&quot;:&quot;-6.1934&quot;,&quot;lng&quot;:&quot;106.8216&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza Muraya is a mid-tier shopping center situated in the bustling district of Central Jakarta, Indonesia, spanning approximately 45,000 square meters of gross leasable area. Established in 2008, it serves as a community-oriented retail hub targeting middle-income consumers. As of Q2 2025, the mall maintains an occupancy rate of 78%, aligning with Jakarta&#39;s overall retail average of 73.8% reported by Colliers International, though slightly below premium segments at 86-88%. The tenant mix comprises 35% fashion and apparel, 25% food and beverage outlets, 20% electronics and home goods, 10% services like banking and clinics, and 10% entertainment options including a small cinema. Anchor tenants include local chains such as Matahari Department Store and an independent supermarket, complemented by mid-range international brands like Uniqlo and H\u0026M. The property&#39;s market position is solid within the middle-upper class category, benefiting from limited new supply in the area, which has driven occupancy up by 3% year-over-year per JLL reports. Leasing advantages include competitive base rents averaging IDR 450,000 to 600,000 per square meter annually, with flexible terms offering 3-5 year leases and percentage-of-sales clauses to mitigate risks. Proximity to residential neighborhoods in Tanah Abang and Senen enhances accessibility via the MRT Sudirman line and TransJakarta buses, contributing to daily footfall of 12,000-25,000 visitors. Demographic profile features young families and urban professionals aged 25-45 with household incomes of IDR 8-15 million monthly, drawn by affordable dining and shopping. Operational quality is adequate, with modern HVAC systems but occasional maintenance issues in common areas. However, challenges include intense competition from nearby giants like Plaza Indonesia and Grand Indonesia, which capture higher-spending tourists, and Jakarta&#39;s chronic traffic congestion impacting peak-hour access. Market saturation in fashion and F\u0026B categories may pressure smaller tenants, while economic fluctuations could affect discretionary spending. Overall, Plaza Muraya offers balanced opportunities for retailers seeking stable, community-driven traffic without premium pricing pressures.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Louis Vuitton, Gucci, Zara, Carrefour&quot;,&quot;distance&quot;:4.0,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;105072&quot;,&quot;anchor_tenants&quot;:&quot;Louis Vuitton, Gucci, Zara, Carrefour&quot;}},{&quot;id&quot;:1786,&quot;slug&quot;:&quot;citraland-mall&quot;,&quot;name&quot;:&quot;Citraland Mall&quot;,&quot;lat&quot;:&quot;-6.16824&quot;,&quot;lng&quot;:&quot;106.78649&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Citraland Mall, operating as Mall Ciputra since rebranding, is a mid-tier shopping center in West Jakartas Grogol Petamburan district, established in 1993. Covering 110,000 square meters with 75,000 square meters of leasable area, it accommodates 360 tenants across retail, dining, and entertainment. Key anchors include Matahari Department Store, Hero Supermarket, Gramedia Bookstore, and XXI Cinema, complemented by F\u0026B outlets like Starbucks, Pizza Hut, KFC, and the Food Library court. The tenant mix emphasizes family-oriented offerings, with sections for fashion, electronics (Best Denki), fitness (Golds Gym), and childrens playgrounds. Targeting middle to upper-middle class demographics, it draws over 40,000 daily visitors, supported by occupancy rates of 91-95 percent as per recent Ciputra Development reports. Strategically located at Grogol Junction on Jl. Letjen S. Parman, it benefits from high accessibility via major arterials, toll roads, and proximity to MRT stations, though traffic congestion poses challenges. In Jakartas saturated retail landscape, where overall occupancy averages 74 percent, this property maintains stability through balanced mix and renovations. Leasing advantages feature competitive rents of IDR 600,000-800,000 per square meter annually, flexible payment terms, and occupancy cost ratios of 10-12 percent of sales, aiding retailer viability. Drawbacks include competition from adjacent premium malls like Central Park and Taman Anggrek, which capture higher-spending crowds, potential aging infrastructure requiring maintenance, and weaker performance in oversaturated categories such as apparel. Market factors like urban expansion and rising e-commerce influence footfall, necessitating adaptive strategies for sustained performance.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Seibu Department Store, Transmart, CGV&quot;,&quot;distance&quot;:2.06,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;75000&quot;,&quot;anchor_tenants&quot;:&quot;Seibu Department Store, Transmart, CGV&quot;}},{&quot;id&quot;:3735,&quot;slug&quot;:&quot;pluit-junction&quot;,&quot;name&quot;:&quot;Pluit Junction&quot;,&quot;lat&quot;:&quot;-6.127&quot;,&quot;lng&quot;:&quot;106.792&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Pluit Junction is a compact nine-story shopping center located at Jl. Pluit Selatan Raya in Penjaringan, North Jakarta, opened in 2008 and spanning approximately 25,000 square meters of gross leasable area. It serves as a community-oriented lifestyle hub in a densely populated residential area, with a tenant mix emphasizing food and beverage outlets (about 40% of space), entertainment facilities including a XXI cinema, gaming zones, and fitness centers (30%), alongside fashion and lifestyle stores from local and international brands (30%). The property benefits from its position near major roads, providing accessibility via public transport and private vehicles, though traffic congestion in the Pluit area can pose challenges. In the broader Jakarta retail market, where average occupancy stands at 77% as of late 2023 per industry reports, Pluit Junction maintains around 80% occupancy, supported by steady local footfall of 4,000-6,000 visitors on weekdays and up to 10,000 on weekends, driven by its focus on experiential retail rather than large-scale anchoring. Rent levels range from IDR 700,000 to 1,200,000 per square meter annually, competitive for secondary North Jakarta malls but lower than premium centers like Mall Kelapa Gading. The surrounding demographic includes middle-income families and young professionals with average household incomes of IDR 10-15 million monthly, fostering demand for casual dining and leisure activities. However, the mall faces market saturation in F\u0026B categories and ongoing urban development risks, including a planned transformation into an electric vehicle hub by late 2025, which may alter tenant composition and leasing opportunities. Strengths include lower competition intensity compared to central Jakarta and integration with nearby FaveHotel for extended dwell times, while drawbacks encompass aging infrastructure from the 2000s era and limited draw for high-end retail due to the absence of major department stores. Overall, it positions as a viable option for smaller retailers targeting neighborhood traffic in a growing suburban market, with lease terms typically 3-5 years including turnover rents at 8-10% of sales to mitigate vacancy risks amid e-commerce pressures reducing physical retail visits by 10-15% industry-wide.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;XXI Cinema, Fave Hotel, Koi Cafe, Fitness Centers&quot;,&quot;distance&quot;:4.11,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;18000&quot;,&quot;anchor_tenants&quot;:&quot;XXI Cinema, Fave Hotel, Koi Cafe, Fitness Centers&quot;}},{&quot;id&quot;:1440,&quot;slug&quot;:&quot;mall-taman-anggrek&quot;,&quot;name&quot;:&quot;Mall Taman Anggrek&quot;,&quot;lat&quot;:&quot;-6.178843&quot;,&quot;lng&quot;:&quot;106.793106&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Mall Taman Anggrek, situated in Grogol Petamburan, West Jakarta, spans approximately 360,000 square meters of gross leasable area, establishing it as one of Indonesias largest retail destinations since its 1996 opening. The property integrates with residential condominiums, enhancing its community appeal. Tenant mix comprises diverse categories: fashion and accessories from international brands like Zara and local labels; electronics and home furnishings anchored by IKEA on floors 3 and 4; beauty, jewelry, and sports outlets; over 100 dining options from casual cafes to fine dining; and entertainment including Southeast Asias oldest indoor ice rink at 1,240 square meters, a cinema complex, and arcades like Timezone. Key anchors include Matahari Department Store. It serves middle to upper-middle income demographics in a rapidly urbanizing West Jakarta, characterized by affluent families and professionals. Market position in the premium segment aligns with Jakarta retail trends, where such malls maintain occupancy near 90% as of Q3 2025 per Colliers and Cushman \u0026 Wakefield reports, supported by average base rents of Rp 834,900 per square meter per month. Footfall benefits from family events, loyalty programs like Absolutely Yours Card, and a 800-square-meter central atrium for promotions. Leasing advantages encompass stable demand, high visibility via a record-holding LED facade, and integrated parking for over 3,000 vehicles. Accessibility via Jl. Letjen S. Parman, toll roads, and nearby MRT stations aids traffic. Drawbacks include competition from adjacent Central Park Mall, which offers superior scale and variety, leading to tenant churn such as Metro Departments 2022 closure and Gramedia relocations. Market saturation in fashion and F\u0026B, coupled with e-commerce pressures, necessitates strategic tenant curation and infrastructure updates to sustain performance.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;IKEA, Matahari, Isetan, Fitness First, Cinema XXI, Decathlon&quot;,&quot;distance&quot;:2.23,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;500&quot;,&quot;gla_sqm&quot;:&quot;360000&quot;,&quot;anchor_tenants&quot;:&quot;IKEA, Matahari, Isetan, Fitness First, Cinema XXI, Decathlon&quot;}},{&quot;id&quot;:2097,&quot;slug&quot;:&quot;ramayana-mall-senen&quot;,&quot;name&quot;:&quot;Ramayana Mall Senen&quot;,&quot;lat&quot;:&quot;-6.16333&quot;,&quot;lng&quot;:&quot;106.83361&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Ramayana Mall Senen, situated in the bustling Senen district of Central Jakarta, operates as a mid-tier retail center anchored by the Ramayana Department Store, part of PT Ramayana Lestari Sentosas network targeting middle-low income segments. Established in the late 1990s as part of the Atrium Senen complex, the property covers roughly 45,000 square meters across five floors, featuring the department store, specialty shops, a food court, supermarket, and cinema. Tenant mix emphasizes affordable apparel, electronics, household essentials, and local cuisine, with over 150 outlets including brands like Bata, Ace Hardware, and various F\u0026B options. The surrounding area, near Pasar Senen traditional market and train station, draws a dense urban population of working-class families and commuters, with average household incomes of IDR 5-10 million monthly and a demographic profile skewed toward ages 25-55. Accessibility benefits from proximity to Pasar Senen Station (1 km) and TransJakarta routes, facilitating 12,000-18,000 daily footfall, primarily on weekdays from local workers. Occupancy stands at approximately 78% as of 2024, per Jakarta retail reports, with prime rents ranging IDR 350,000-550,000 per sqm annually, lower than upscale malls like Senayan City (IDR 1 million+). Market position remains stable in the value retail niche, supported by Ramayanas same-store sales growth of 5-7% in Greater Jakarta, but faces pressures from e-commerce penetration (40% of retail sales) and nearby competitors such as ITC Mangga Dua. Operational quality is functional yet dated, with ongoing minor renovations to address infrastructure wear. Leasing advantages include flexible terms for small retailers and promotional tie-ins with the anchor, though drawbacks involve traffic congestion limiting peak-hour access and saturation in budget categories reducing bargaining power for tenants.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Ramayana Department Store&quot;,&quot;distance&quot;:3.28,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Ramayana Department Store&quot;}},{&quot;id&quot;:1449,&quot;slug&quot;:&quot;mall-ciputra&quot;,&quot;name&quot;:&quot;Mall Ciputra&quot;,&quot;lat&quot;:&quot;-6.16824&quot;,&quot;lng&quot;:&quot;106.78649&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Mall Ciputra, located in Grogol Petamburan, West Jakarta, is a mid-tier shopping center opened in 1993 with a total building area of 110,000 square meters and net leasable area of 75,000 square meters. It hosts approximately 360 tenants, including anchor stores such as Matahari Department Store, Hero Supermarket, Gramedia Bookstore, and XXI Cinema, alongside a diverse mix of fashion outlets, electronics retailers like Best Denki, fitness centers including Gold&#39;s Gym, and family entertainment options like children&#39;s playgrounds. The food and beverage section features chains such as Starbucks, Pizza Hut, KFC, and a dedicated Food Library court, catering to everyday needs and leisure activities. In Jakarta&#39;s competitive retail market, where overall mall occupancy averages 74 percent, Mall Ciputra maintains a strong position with occupancy rates of 91-95 percent, driven by its focus on middle to upper-middle class consumers. Daily footfall exceeds 40,000 visitors, translating to about 5 million annually, supported by an average dwell time of 90 minutes and a 25 percent conversion rate. Accessibility is a key factor, with proximity to major arterial roads, toll highways, MRT stations, and TransJakarta bus routes, though traffic congestion in the area can impact peak-hour flows. The tenant mix emphasizes balanced categories in retail, dining, and entertainment, providing stability amid market saturation in general merchandise and F\u0026B segments. Leasing advantages include competitive base rents of IDR 600,000 to 800,000 per square meter per year, with incentives like 3-6 months rent-free periods for qualifying tenants and escalations capped at 5 percent annually. Service charges range from IDR 150,000 to 200,000 per square meter, keeping total costs at 10-12 percent of sales. However, challenges arise from nearby premium competitors like Central Park Mall and Mall Taman Anggrek, which draw higher-spending crowds and report 50,000-60,000 daily visitors, potentially diluting traffic. The property&#39;s age introduces risks of higher maintenance needs for infrastructure, while rising e-commerce adoption (77 percent in the area) pressures traditional retail categories. Operational quality benefits from recent interior renovations, efficient management, and regular events, but urban expansion and demographic shifts toward younger, tech-savvy consumers require adaptive strategies to sustain performance.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Seibu Department Store, Transmart Supermarket, CGV Cinema&quot;,&quot;distance&quot;:2.06,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;360&quot;,&quot;gla_sqm&quot;:&quot;43100&quot;,&quot;anchor_tenants&quot;:&quot;Seibu Department Store, Transmart Supermarket, CGV Cinema&quot;}},{&quot;id&quot;:4432,&quot;slug&quot;:&quot;jakarta-design-center&quot;,&quot;name&quot;:&quot;Jakarta Design Center&quot;,&quot;lat&quot;:&quot;-6.201714&quot;,&quot;lng&quot;:&quot;106.8008424&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Jakarta Design Center (JDC) is a specialized retail and design hub located at Jl. Gatot Subroto Kav. 53, Petamburan, Tanah Abang, Central Jakarta, occupying 13,300 square meters of land and 29,000 square meters of floor space. Established as a center for interior design, architecture, and related products, it functions as a one-stop shopping destination for high-quality furnishings, materials, and services. The property targets professionals in design fields, business owners, students, and the general public interested in aesthetics and functionality. Tenant mix primarily consists of showrooms for international and local brands in furniture, lighting, fabrics, tiles, and architectural elements, alongside professional associations such as the Indonesian Institute of Architects (IAI), Indonesian Interior Designers Association (HDII), Indonesian Lighting Designers Association (IALI), and Indonesian Textile and Interior Association (HTII). This composition fosters a collaborative environment with regular exhibitions, seminars, and networking events that enhance visitor engagement. In the broader Jakarta retail market, where overall occupancy stands at approximately 74% as of Q3 2025, JDC maintains a niche position with potentially higher occupancy due to its specialized appeal, avoiding direct competition with general merchandise malls. Leasing advantages include targeted footfall from affluent demographics in Central Jakarta&#39;s business corridor, stable demand from the growing interior design sector driven by urban development and residential projects, and flexible spaces suitable for showroom formats. However, challenges include limited mass-market appeal, reliance on B2B traffic, and exposure to economic fluctuations in construction and real estate sectors. Accessibility via major thoroughfares supports logistics, though parking constraints in dense urban areas may impact peak-hour visits. Rent levels align with premium specialized retail spaces, estimated at IDR 500,000 to 800,000 per square meter annually, reflecting the properties value in a saturated general retail market.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Interior design showrooms, furniture stores&quot;,&quot;distance&quot;:4.43,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;26000&quot;,&quot;anchor_tenants&quot;:&quot;Interior design showrooms, furniture stores&quot;}},{&quot;id&quot;:5317,&quot;slug&quot;:&quot;muara-baru-modern-fish-market&quot;,&quot;name&quot;:&quot;Muara Baru Modern Fish Market&quot;,&quot;lat&quot;:&quot;-6.1186551&quot;,&quot;lng&quot;:&quot;106.8033512&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;The Muara Baru Modern Fish Market in Penjaringan, North Jakarta, opened in 2019 as Indonesias inaugural modern fish market under government initiative to modernize seafood trading. This 3-storey facility covers 2 hectares and includes 894 wet kiosks for fresh seafood like fish, shrimp, crabs, and shellfish, plus 155 dry kiosks for processed items. An upstairs food court enables a buy-and-cook model, where purchases are prepared on-site. It handles 400 tons of daily fishery products valued at Rp8-10 billion, sourced from regions including Lampung, Banten, and Java. Tenant mix centers on seafood vendors, wholesalers, and food operators, with minimal non-fishery retail. Leasing targets vendors via kiosk rentals, providing access to high-volume trade in a hygienic setting. North Jakartas demographics feature working-class and fishing communities with strong seafood reliance, driving consistent footfall estimated at thousands daily from locals and tourists. Accessibility benefits from port proximity and parking for 500 vehicles, though traffic congestion poses challenges. Occupancy rates remain above 90% due to demand, with rents regulated at approximately Rp15-25 million per year per kiosk, lower than typical malls. Strengths include affordability and freshness boosting sales, while drawbacks encompass category specificity limiting diversification and competition from traditional markets.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Seafood Vendors&quot;,&quot;distance&quot;:4.82,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;1049&quot;,&quot;gla_sqm&quot;:&quot;15000&quot;,&quot;anchor_tenants&quot;:&quot;Seafood Vendors&quot;}},{&quot;id&quot;:1779,&quot;slug&quot;:&quot;sarinah-thamrin&quot;,&quot;name&quot;:&quot;Sarinah Thamrin&quot;,&quot;lat&quot;:&quot;-6.1875&quot;,&quot;lng&quot;:&quot;106.8239&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Sarinah Thamrin, located on Jalan MH Thamrin in Central Jakarta&#39;s business district, is Indonesia&#39;s first department store, established in 1962 and redeveloped in 2022 as &#39;The Window of Indonesia.&#39; This 15-floor property spans approximately 25,000 square meters of gross leasable area, positioning it as a mid-sized retail venue with a focus on promoting national products and culture. The tenant mix emphasizes local micro, small, and medium enterprises (MSMEs), featuring Indonesian handicrafts, batik textiles, specialty coffee, souvenirs, and authentic cuisine outlets, alongside a duty-free section on upper levels for tourists. F\u0026B occupies about 30% of space, with retail and cultural exhibits comprising the rest, creating a unique blend of shopping and experiential elements. Market position benefits from its iconic heritage status and state-owned enterprise backing, attracting government support and visibility for brands aligned with national promotion. Leasing advantages include prime CBD accessibility via MRT Bundaran HI station, major roads, and proximity to offices and hotels, driving consistent footfall from business professionals and visitors. Occupancy stands at around 85%, higher than Jakarta&#39;s average of 77.9% in mid-2025, reflecting strong demand post-redevelopment. Rent levels range from IDR 1,200,000 to 2,000,000 per square meter per month, competitive for the segment due to its cultural niche. However, challenges arise from intense competition with larger neighboring malls like Plaza Indonesia and Grand Indonesia, which draw higher luxury footfall. The property&#39;s emphasis on local tenants may limit international brand appeal, and broader market saturation in Jakarta&#39;s retail sector, coupled with e-commerce growth, poses risks to sustained performance. Demographic profile targets middle to upper-middle income locals, expatriates, and tourists, with daily footfall estimated at 10,000-15,000 visitors, bolstered by events and promotions. Operational quality has improved with modern facilities, but maintenance of heritage elements requires ongoing investment.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Sarinah Department Store, Local Crafts and Souvenir Shops&quot;,&quot;distance&quot;:3.59,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;18000&quot;,&quot;anchor_tenants&quot;:&quot;Sarinah Department Store, Local Crafts and Souvenir Shops&quot;}},{&quot;id&quot;:1765,&quot;slug&quot;:&quot;central-park-mall-1&quot;,&quot;name&quot;:&quot;Central Park Mall&quot;,&quot;lat&quot;:&quot;-6.177&quot;,&quot;lng&quot;:&quot;106.7902&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Central Park Mall, situated in West Jakartas Grogol Petamburan district, spans 119,624 square meters across 9 floors within the Podomoro City complex developed by Agung Podomoro Group. Anchored by Transmart hypermarket at 10,000 square meters and Indonesias largest Sogo department store at 22,000 square meters, it hosts a balanced tenant mix of international fashion outlets like Zara, HM, Hugo Boss, Bershka; lifestyle brands such as Marks \u0026 Spencer and Nitori; entertainment including CGV Cinemas (Indonesias second largest with 10 screens and 1,905 seats) and Jakarta Aquarium \u0026 Safari; plus diverse dining and grocery options. Targeting upper-middle-class consumers, the mall draws families, young professionals, and office workers from nearby residences and business districts, supported by annual footfall of approximately 50 million visitors. Accessibility benefits from multiple TransJakarta bus corridors (8, 9, 9A) and over 4,200 parking spaces, though heavy traffic congestion in the area can hinder access. As a prime asset, occupancy likely exceeds 90%, surpassing Jakartas 77.3% average (Q3 2025). Base rent levels average IDR 834,900 per square meter per month, with leasing advantages in high visibility, synergistic mix promoting cross-traffic, and strong sales potential; however, challenges include nearby competition and market saturation in fashion segments.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta Barat&quot;},&quot;anchor_tenants&quot;:&quot;SOGO, Transmart, CGV Cinemas, Nitori, Celebrity Fitness, Funworld&quot;,&quot;distance&quot;:2.26,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;125626&quot;,&quot;anchor_tenants&quot;:&quot;SOGO, Transmart, CGV Cinemas, Nitori, Celebrity Fitness, Funworld&quot;}},{&quot;id&quot;:4054,&quot;slug&quot;:&quot;neo-soho&quot;,&quot;name&quot;:&quot;Neo Soho&quot;,&quot;lat&quot;:&quot;-6.175&quot;,&quot;lng&quot;:&quot;106.792&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Neo Soho, located in the Grogol Petamburan area of West Jakarta within the Podomoro City integrated development, spans a 197,000 sqm site with 44,931 sqm of leasable retail space across nine storeys. Developed by Agung Podomoro Land and acquired by Hankyu Hanshin Properties in 2023, it features a \&quot;Store within-a-Store\&quot; concept emphasizing lifestyle and convenience. The mall is directly connected to the adjacent Central Park Mall via a 250-meter Eco Sky Walk footbridge and underground tunnel, enhancing accessibility and shared footfall. As of October 2025, Neo Soho is undergoing rebranding to Central Park Mall 2, aiming to create a unified destination with refreshed tenant strategies focused on Japanese and Korean dining concepts alongside local brands to attract urban dwellers. The tenant mix includes anchor stores such as Informa (7,400 sqm for furniture and electronics), Jakarta Aquarium and Urban Safari (7,200 sqm entertainment), Uniqlo (3,200 sqm apparel), ACE Hardware, The Foodhall supermarket, and Kulturasa all-day dining hall with 23 stalls. Gourmet options feature international chains like Putien, Bebek Tepi Sawah, Bornga, Gyu-Kaku, and Shaburi, catering to diverse culinary preferences. Integrated with a 40-storey SOHO tower (100% sold, 615 units) and a 43-storey office tower (87% sold in high zone), the property draws upper-middle-class families, young professionals, and office workers, benefiting from the area&#39;s growing economic hub status in western Jakarta. Market position is strong among upper-grade malls, with Jakarta&#39;s overall retail occupancy at 74% in 2025, though upper-tier properties like this maintain around 87% due to premium positioning. Leasing advantages include proximity to residential and office components for captive audience, high visibility from connectivity to Central Park (which sees millions in annual footfall), and potential for cross-promotions. However, challenges include intense competition from established malls like Senayan City and Plaza Indonesia, market saturation in fashion and F\u0026B categories, and vulnerability to e-commerce shifts. Accessibility via toll roads and public transit is good, but traffic congestion in West Jakarta poses risks. Rent levels in similar upper-grade malls average IDR 1,000,000-1,500,000 per sqm per year, with modest 0.5-3% increases in 2025 amid stable demand. Operational quality is high, supported by international consultants like DP Architects, but aging infrastructure in surrounding areas could impact long-term appeal without ongoing investments.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Informa, Uniqlo, ACE Hardware, The Foodhall, Jakarta Aquarium, Boulder Planet&quot;,&quot;distance&quot;:1.96,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;250&quot;,&quot;gla_sqm&quot;:&quot;44931&quot;,&quot;anchor_tenants&quot;:&quot;Informa, Uniqlo, ACE Hardware, The Foodhall, Jakarta Aquarium, Boulder Planet&quot;}},{&quot;id&quot;:4910,&quot;slug&quot;:&quot;pluit-village-mall&quot;,&quot;name&quot;:&quot;Pluit Village Mall&quot;,&quot;lat&quot;:&quot;-6.126335&quot;,&quot;lng&quot;:&quot;106.791283&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Pluit Village Mall, located at Jl. Pluit Indah Raya in Jakarta Utara, is a community-oriented shopping center established in 1996 with a gross floor area of approximately 86,691 square meters across multiple levels. Managed by Lippo Malls Indonesia Retail Trust, it serves as a key retail destination in the Pluit area, targeting local middle-income families and residents from surrounding neighborhoods. The tenant mix emphasizes everyday needs, with about 40% allocated to food and beverage outlets and groceries, anchored by Hypermart supermarket. Fashion, entertainment, and lifestyle stores occupy the remaining space, including brands like Matahari Department Store, various F\u0026B chains, and family entertainment options such as cinemas and play areas. Occupancy rates hover around 70-75%, aligning with Jakarta&#39;s overall retail market average of 74.7% in 2024, reflecting stable but competitive demand. Footfall is driven by local accessibility rather than tourism, benefiting from proximity to residential complexes in North Jakarta. Leasing advantages include flexible terms for small-to-medium retailers, with rent levels estimated at Rp 600,000-800,000 per sqm per month, below prime CBD rates of Rp 808,500. The mall&#39;s market position is solid in the suburban segment, supported by ongoing renovations to maintain appeal amid regional saturation. However, challenges include heavy traffic congestion affecting accessibility and competition from newer developments like Emporium Pluit Mall and PIK Avenue, which draw younger demographics with modern amenities. Operational quality is adequate, with standard parking and public transport links, though aging infrastructure requires periodic updates to sustain tenant retention and visitor satisfaction. Overall, it offers balanced opportunities for retailers focused on community-based sales in a densely populated urban fringe area.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta Utara&quot;},&quot;anchor_tenants&quot;:&quot;Matahari, Carrefour, Best Denki, Muji, Timezone&quot;,&quot;distance&quot;:4.21,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;180&quot;,&quot;gla_sqm&quot;:&quot;17138&quot;,&quot;anchor_tenants&quot;:&quot;Matahari, Carrefour, Best Denki, Muji, Timezone&quot;}},{&quot;id&quot;:1445,&quot;slug&quot;:&quot;emporium-pluit-mall&quot;,&quot;name&quot;:&quot;Emporium Pluit Mall&quot;,&quot;lat&quot;:&quot;-6.127589&quot;,&quot;lng&quot;:&quot;106.790735&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Emporium Pluit Mall is a mid-sized shopping center in North Jakarta, Indonesia, spanning 61,243 square meters of gross leasable area across five retail floors and two basement levels, with three dedicated parking floors accommodating over 1,000 vehicles. Opened in January 2009 and developed by PT Pluit Propertindo, a subsidiary of Agung Podomoro Land, it forms part of a 10-hectare CBD Pluit superblock that integrates residential condominiums, offices, and a hotel, enhancing its role as a lifestyle hub. The tenant mix includes 250 stores, anchored by Sogo department store and a hypermarket (formerly Carrefour, now operating under similar formats), alongside Gramedia bookstore, XXI Cinema with multiple screens, Ace Hardware, and international F\u0026B outlets like Starbucks, J.CO, BreadTalk, Haidilao, and recent additions such as Foot Locker in 2025. Market position reflects a stable mid-tier retail asset in the growing North Jakarta submarket, where occupancy rates hover around 80-85 percent based on broader Jakarta retail reports from Cushman \u0026 Wakefield, supported by consistent footfall from local residents estimated at 5,000-7,000 daily visitors during weekdays, rising to 10,000-15,000 on weekends per industry benchmarks for similar properties. Rent levels range from IDR 800,000 to 1,500,000 per square meter annually for prime spaces, competitive within secondary malls but lower than premium centers like Grand Indonesia. Accessibility is strong via TransJakarta bus corridors 9 and 12 at Penjaringan halte, proximity to Jakarta Kota Station (about 5 km), and direct links to major roads like Jl. Pluit Selatan Raya, though heavy traffic congestion in the area poses challenges. Demographic profile targets middle-income families and young professionals, with the surrounding Pluit-Penjaringan area home to approximately 250,000 residents, median household income around IDR 10-15 million monthly, and a population density favoring convenience-driven shopping. Leasing advantages include flexible terms for mid-sized retailers, promotional support within the superblock ecosystem, and opportunities in expanding F\u0026B and lifestyle categories amid North Jakarta&#39;s urbanization. Drawbacks encompass competition from larger malls like Mall of Indonesia (15 km away) and e-commerce pressures reducing non-essential retail traffic, alongside potential infrastructure aging after 16 years of operation requiring ongoing maintenance investments. Overall, it offers balanced performance for tenants seeking localized exposure without premium costs.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta Utara&quot;},&quot;anchor_tenants&quot;:&quot;Carrefour,Sogo, Grammedia, XXI Cinema, Ace Hardware&quot;,&quot;distance&quot;:4.1,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;250&quot;,&quot;gla_sqm&quot;:&quot;61243&quot;,&quot;anchor_tenants&quot;:&quot;Carrefour,Sogo, Grammedia, XXI Cinema, Ace Hardware&quot;}},{&quot;id&quot;:4429,&quot;slug&quot;:&quot;mangga-dua-mall&quot;,&quot;name&quot;:&quot;Mangga Dua Mall&quot;,&quot;lat&quot;:&quot;-6.127874&quot;,&quot;lng&quot;:&quot;106.826687&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Mangga Dua Mall is a strata-title retail complex located at Jalan Mangga Dua Raya No. 1, Sawah Besar, Jakarta Pusat, spanning approximately 33,700 square meters across multiple floors. Opened in 2005 by Agung Podomoro Group, it functions primarily as a wholesale and retail hub specializing in electronics, gadgets, computers, mobile phones, cameras, automotive parts, and accessories. The tenant mix includes numerous small independent shops focused on budget-oriented products, with categories extending to fashion, textiles, leather goods, handbags, baby items, and home furnishings. This setup supports a one-stop shopping concept for resellers and bargain hunters. In the broader Jakarta retail market, where overall occupancy rates hover around 74% as of mid-2025, Mangga Dua Mall benefits from its position in the densely populated Mangga Dua district, drawing footfall from local middle-income residents, small business owners, and occasional tourists via accessible public transport like TransJakarta buses and the Jakarta Kota Commuter Line station. Leasing advantages include relatively low base rents, estimated at IDR 200,000 to 300,000 per square meter per year in similar wholesale malls, flexible strata ownership models allowing direct negotiations, and high turnover potential in high-demand categories like electronics amid Indonesia&#39;s growing digital economy. However, challenges arise from intense intra-district competition, traffic congestion limiting accessibility, and vulnerability to e-commerce shifts reducing physical wholesale volumes. Operational quality varies due to the decentralized management of individual units, potentially leading to inconsistent maintenance. Market saturation in budget electronics poses risks, with footfall peaking on weekends but dipping during weekdays or economic slowdowns.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta Pusat&quot;},&quot;anchor_tenants&quot;:&quot;Various electronics and fashion stores&quot;,&quot;distance&quot;:4.55,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;1200&quot;,&quot;gla_sqm&quot;:&quot;50000&quot;,&quot;anchor_tenants&quot;:&quot;Various electronics and fashion stores&quot;}},{&quot;id&quot;:4920,&quot;slug&quot;:&quot;transmart-carrefour-central-park&quot;,&quot;name&quot;:&quot;Transmart Carrefour Central Park&quot;,&quot;lat&quot;:&quot;-6.178&quot;,&quot;lng&quot;:&quot;106.786&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Central Park Mall, located in West Jakarta&#39;s Grogol Petamburan district, is a key component of the Podomoro City superblock, encompassing 119,624 square meters of gross leasable area across nine floors. Opened in 2009 and developed by Agung Podomoro Group, it ranks as the sixth-largest mall in Indonesia and has received awards such as Asia Pacific Highly Commended Retail in 2011. The property targets upper-middle-class consumers, drawing from affluent residential areas, office workers, and families in the vicinity. Transmart Carrefour serves as a major anchor on the lower ground floor, offering groceries, household items, and omni-channel retail services as part of PT Trans Retail Indonesia. Other anchors include the largest Sogo department store in Indonesia, Gramedia bookstore, Don Don Donki Japanese retailer, Zara, Marks \u0026 Spencer, Hugo Boss, and Bershka. The tenant mix emphasizes fashion (approximately 40% of space), F\u0026B (25%), entertainment (15% including Jakarta Aquarium \u0026 Safari), and groceries (10%), with the remainder in lifestyle and services. Accessibility is strong via TransJakarta bus corridors 8, 9, and 9A, plus feeders, though the area remains car-dependent with 4,298 parking spaces. Market position benefits from adjacency to Tribeca Park for outdoor events and connection to Neo Soho via Eco Sky Walk, enhancing footfall. Jakarta&#39;s retail occupancy averages 77.9% in Q2 2025 per Cushman \u0026 Wakefield, with Central Park maintaining stable levels around 80% due to renovations and new entrants in F\u0026B and fashion. Leasing advantages include prime visibility for anchors like Transmart, flexible terms in secondary spaces, and captive trade from integrated residential and office components. However, challenges include competition from nearby Taman Anggrek and Ciputra malls, leading to market saturation in fashion categories, and occasional dips in footfall from regional events or traffic congestion on Jl. Letjen S. Parman.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Transmart Carrefour, Sogo, CGV Cinemas&quot;,&quot;distance&quot;:2.67,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;300&quot;,&quot;gla_sqm&quot;:&quot;120000&quot;,&quot;anchor_tenants&quot;:&quot;Transmart Carrefour, Sogo, CGV Cinemas&quot;}},{&quot;id&quot;:2607,&quot;slug&quot;:&quot;k-mall-at-menara-jakarta&quot;,&quot;name&quot;:&quot;K Mall At Menara Jakarta&quot;,&quot;lat&quot;:&quot;-6.1604&quot;,&quot;lng&quot;:&quot;106.8473&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;K Mall at Menara Jakarta is a newly opened retail destination located in the Kemayoran district of North Jakarta, at Jl. H. Benyamin Sueb No.10, Gunung Sahari Selatan. Developed by Agung Sedayu Group as part of the integrated Menara Jakarta complex, which includes residential, office, and hotel components, the mall spans approximately 50,000 square meters of gross leasable area, focusing on lifestyle, dining, and entertainment offerings. Positioned in a growing sub-market of Jakarta, Kemayoran benefits from proximity to the central business district and Tanjung Priok port, with improving infrastructure like the Jakarta Inner Ring Road enhancing accessibility. The tenant mix emphasizes mid-to-upper market brands, including international fashion retailers such as Uniqlo and H\u0026M, local F\u0026B outlets like Starbucks and local eateries, and entertainment anchors like a cinema multiplex. Supermarket occupancy is led by a hypermarket tenant, supporting daily needs. As a new entrant in Jakarta&#39;s retail landscape, where total mall stock stands at 4.9 million sqm with average occupancy at 77.3% in Q3 2025 per Cushman \u0026 Wakefield, K Mall targets young professionals and families from surrounding middle-class neighborhoods. Leasing advantages include flexible terms for new tenants, with base rents estimated at IDR 500,000-800,000 per sqm per year, lower than premium malls like Grand Indonesia (IDR 1,000,000+), and incentives like rent-free periods of 3-6 months. However, challenges arise from market saturation in Greater Jakarta, with 73.8% overall occupancy in Q1 2025 per Colliers, and competition from established centers like Mall Artha Gading (5 km away) drawing similar demographics. Footfall is projected to reach 10,000-15,000 daily visitors initially, bolstered by the complex&#39;s 2,000+ residential units, but external factors like traffic congestion and seasonal events could impact performance. Operational quality is high with modern facilities, including EV charging and green spaces, though aging infrastructure is not an issue given its recent construction. Risks include economic slowdowns affecting discretionary spending, as Jakarta&#39;s retail demand grows modestly at 4-5% annually through 2028 per market forecasts.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;&quot;,&quot;distance&quot;:4.79,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;227&quot;,&quot;gla_sqm&quot;:&quot;33800&quot;,&quot;anchor_tenants&quot;:&quot;&quot;}},{&quot;id&quot;:2606,&quot;slug&quot;:&quot;agora-lifestyle-centre&quot;,&quot;name&quot;:&quot;Agora Lifestyle Centre&quot;,&quot;lat&quot;:&quot;-6.193611&quot;,&quot;lng&quot;:&quot;106.820278&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;The Agora Lifestyle Centre, situated within the Thamrin Nine mixed-use complex in Central Jakarta, represents a new addition to the city\&quot;s retail landscape, with a gross leasable area of 36,400 square meters. Opened in the third quarter of 2024, it functions as a premium lifestyle destination focused on fostering community interaction, active pursuits, and multifaceted experiences. The tenant composition encompasses fashion outlets, dining establishments from quick-service to fine dining, wellness and fitness centers, and entertainment zones. Highlighted occupants include international chains like Paris Baguette for bakery items, Sour Sally for yogurt treats, and local cafes such as Titik Temu, alongside event spaces for pop-ups and markets. Positioned in Jakarta\&quot;s core business district, the center gains from elevated exposure near corporate offices, hospitality venues, and administrative hubs. Connectivity is robust, supported by the MRT Bundaran HI station within walking distance, TransJakarta bus routes, and arterial roads including Jalan MH Thamrin. The local population features high-income professionals aged 25-50, expatriates, and visitors, targeting middle-upper socioeconomic groups with disposable income exceeding IDR 15 million monthly. According to commercial real estate analyses, Jakarta\&quot;s retail occupancy hovers at 74% overall, while prime sites like Thamrin sustain rates near 90%. Leasing benefits involve contemporary design, adaptable layouts, and marketing aid via ongoing events and rewards initiatives. Nonetheless, the vicinity contends with formidable rivalry from entrenched properties such as Grand Indonesia and Plaza Indonesia, which could fragment visitor flows. As a nascent venue, footfall builds gradually, estimated at 15,000-25,000 daily, bolstered by novel amenities yet vulnerable to economic fluctuations and category overlaps.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;GS Supermarket, IMAX XXI, Adidas&quot;,&quot;distance&quot;:3.95,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;36400&quot;,&quot;anchor_tenants&quot;:&quot;GS Supermarket, IMAX XXI, Adidas&quot;}},{&quot;id&quot;:7989,&quot;slug&quot;:&quot;aura-syariah-mall&quot;,&quot;name&quot;:&quot;Aura Syariah Mall&quot;,&quot;lat&quot;:&quot;-6.1944491&quot;,&quot;lng&quot;:&quot;106.8229198&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Aura Syariah Mall, situated in Central Jakarta near Thamrin area, is a specialized sharia-compliant retail center covering approximately 45,000 square meters of gross leasable area with around 150 tenants. Established in 2018, it emphasizes Islamic principles by offering halal-certified products, alcohol-free environments, gender-segregated prayer facilities, and sharia-based financing partnerships with banks like Bank Syariah Indonesia. In Jakarta&#39;s competitive retail market, which saw average occupancy of 73.8% in Q1 2025 per JLL reports, Aura positions itself as a niche destination for conservative Muslim shoppers, avoiding the oversaturation seen in general malls. The tenant mix comprises 45% modest fashion and apparel (brands such as Hijabers, Veiling, and local designers), 25% halal food and beverage outlets (including chains like Ayam Goreng Sederhana and halal fast food), 20% household goods and groceries with halal certifications, and 10% services like Islamic education centers and wellness clinics. Leasing advantages include base rents ranging from Rp 130,000 to Rp 170,000 per square meter per month, below the city average of Rp 171,800, with incentives such as percentage rent structures aligned with sharia no-interest policies and priority for ethical tenants. Footfall averages 6,000 to 8,000 daily visitors, supported by a demographic profile of middle-income families (median household income Rp 8-12 million monthly) within a 5 km radius population of over 400,000, predominantly Muslim. Operational quality features modern infrastructure with energy-efficient designs, but challenges include limited entertainment options leading to shorter dwell times of about 1.8 hours versus 2.5 hours in upscale competitors, and vulnerability to e-commerce penetration which captured 40% of retail sales in 2025. Accessibility via TransJakarta routes and proximity to MRT stations aids commuter traffic, though peak-hour congestion remains a drawback. Overall, it offers stable performance for aligned retailers but requires strong digital integration to counter market risks.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Carrefour Halal, XXI Cinema Syariah&quot;,&quot;distance&quot;:4.17,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;35000&quot;,&quot;anchor_tenants&quot;:&quot;Carrefour Halal, XXI Cinema Syariah&quot;}},{&quot;id&quot;:1781,&quot;slug&quot;:&quot;itc-mangga-dua&quot;,&quot;name&quot;:&quot;Itc Mangga Dua&quot;,&quot;lat&quot;:&quot;-6.127874&quot;,&quot;lng&quot;:&quot;106.826687&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;ITC Mangga Dua is a strata-titled trade center located at Jl. Mangga Dua Raya, North Jakarta, spanning approximately 120,000 square meters of gross leasable area across multiple floors. Opened in 1993 by PT Duta Pertiwi Tbk, it operates under a strata title model where individual units are owned and leased by tenants, fostering a vibrant wholesale and retail environment. The mall positions itself in the community and budget segment, attracting price-sensitive shoppers in a densely populated urban area. Tenant mix emphasizes small to medium-sized vendors offering fashion, textiles, accessories, footwear, beauty products, optical goods, and some electronics, with over 1,000 stores including local brands and a few international F\u0026B outlets. Market position reflects Jakartas retail landscape, where strata malls like ITC maintain steady performance amid economic recovery, with overall city occupancy at 77.3% in Q3 2025 per Cushman and Wakefield. Leasing advantages include flexible strata ownership options, lower entry barriers compared to premium malls, and high bargaining culture that drives sales volume. However, challenges include traffic congestion in North Jakarta, competition from nearby Mangga Dua Square and WTC Mangga Dua, and potential aging infrastructure requiring maintenance. Footfall benefits from proximity to Chinatown and Ancol Dreamland, peaking on weekends with estimated 50,000-70,000 daily visitors during peak seasons, though weekday traffic varies. Rent levels for subleases hover around Rp 500,000-700,000 per sqm per month, below the city average of Rp 808,500. Accessibility via TransJakarta buses, MRT nearby, and ample parking supports operational quality, but saturation in budget retail categories poses risks to sustained performance.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Various fashion and textile stores, local brands&quot;,&quot;distance&quot;:4.55,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;5000&quot;,&quot;gla_sqm&quot;:&quot;60000&quot;,&quot;anchor_tenants&quot;:&quot;Various fashion and textile stores, local brands&quot;}},{&quot;id&quot;:3736,&quot;slug&quot;:&quot;itc-roxy-mas&quot;,&quot;name&quot;:&quot;Itc Roxy Mas&quot;,&quot;lat&quot;:&quot;-6.1667&quot;,&quot;lng&quot;:&quot;106.8028&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;ITC Roxy Mas, located at Jl. KH. Hasyim Ashari No.125 in Gambir, Central Jakarta, is a key trade center under the ITC Group managed by Sinar Mas Land. Opened in the 1990s, it covers approximately 50,000 sqm of gross leasable area across 8 floors, housing over 1,000 small to medium-sized shops. The tenant mix is heavily skewed toward electronics and IT products, with about 70% of space dedicated to mobile phones, computers, gadgets, accessories, and repair services, earning it the reputation as Southeast Asias largest mobile phone hub. Complementary categories include fashion, household goods, and food courts on upper levels. Positioned at a busy intersection near Tanah Abang and Slipi, it draws significant footfall estimated at 20,000-30,000 visitors daily, supported by proximity to universities, offices, and commuter rail stations. Occupancy stands at around 78%, consistent with Jakartas central mall average per Knight Frank reports, reflecting steady demand in the wholesale-retail hybrid model. Rent levels range from IDR 250,000 to 450,000 per sq m per month for strata-title units, offering flexibility for small retailers. Accessibility via TransJakarta buses and highways is strong, though peak-hour traffic remains a risk factor. Demographic profile targets middle-income urbanites aged 18-45, including students and tech-savvy professionals. Leasing advantages encompass low entry barriers for niche vendors and collaborative marketing through ITC events, enhancing visibility in a saturated electronics market. Challenges include competition from e-commerce giants like Tokopedia and nearby rivals such as ITC Mangga Dua, alongside occasional infrastructure maintenance needs in older sections. Overall, it maintains solid performance in Jakartas resilient retail landscape, with sales per sq m in electronics exceeding IDR 10 million monthly based on industry benchmarks.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta Pusat&quot;},&quot;anchor_tenants&quot;:&quot;Various mobile phone retailers and gadget stores&quot;,&quot;distance&quot;:0.54,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;800&quot;,&quot;gla_sqm&quot;:&quot;25000&quot;,&quot;anchor_tenants&quot;:&quot;Various mobile phone retailers and gadget stores&quot;}},{&quot;id&quot;:1436,&quot;slug&quot;:&quot;grand-indonesia&quot;,&quot;name&quot;:&quot;Grand Indonesia&quot;,&quot;lat&quot;:&quot;-6.1907&quot;,&quot;lng&quot;:&quot;106.8198&quot;,&quot;property_type&quot;:null,&quot;description&quot;:&quot;Grand Indonesia is a leading premium shopping mall in Central Jakarta, located at Jl. M.H. Thamrin No. 1, covering 263,226 square meters across its East and West Malls connected by a skybridge. Established in 2007 and fully operational since 2009, it hosts over 400 tenants, including major anchors like Seibu Department Store, Central Department Store from Thailand, and CGV Cinemas. The tenant mix emphasizes international fashion brands such as Zara, H\u0026M, Uniqlo, and Victoria\&quot;s Secret, alongside more than 100 F\u0026B options featuring diverse cuisines from Paulaner Bräuhaus to Haidilao and local eateries. As of Q3 2025, occupancy stands near 90% according to Cushman \u0026 Wakefield reports, outperforming the Jakarta average of 73.8% in Q1 2025, driven by strong demand in the CBD premium segment. The mall attracts high footfall, estimated at over 400,000 visitors monthly based on historical data from similar periods, supported by its role as a lifestyle destination with entertainment like a musical fountain and art gallery. Accessibility is enhanced by proximity to MRT Dukuh Atas station, Transjakarta bus stops, and Sudirman commuter line, though severe traffic congestion remains a drawback. Demographic profile includes upper-middle to high-income professionals, expatriates, and tourists, benefiting from the surrounding business district. Leasing advantages encompass stable occupancy, prime visibility, and synergistic tenant mix fostering increased dwell time and sales potential. Challenges include elevated rent levels, approximately IDR 300,000 per square meter per month for premium spaces per Colliers Q2 2025 insights, market saturation in fashion categories, and competition from nearby malls like Plaza Indonesia and Senayan City, which capture significant market share in the upscale retail space.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;PT. Djarum&quot;,&quot;distance&quot;:3.64,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;400&quot;,&quot;gla_sqm&quot;:&quot;8&quot;,&quot;anchor_tenants&quot;:&quot;PT. Djarum&quot;}},{&quot;id&quot;:2115,&quot;slug&quot;:&quot;ramayana-metro-tanah-abang&quot;,&quot;name&quot;:&quot;Ramayana Metro Tanah Abang&quot;,&quot;lat&quot;:&quot;-6.1735&quot;,&quot;lng&quot;:&quot;106.819&quot;,&quot;property_type&quot;:null,&quot;description&quot;:&quot;Ramayana Metro Tanah Abang, located in Central Jakarta Pusat Grosir Tanah Abang complex, is a 15,000 sqm department store over 5 levels operated by PT Ramayana Lestari Sentosa Tbk. It specializes in affordable clothing, footwear, accessories, and household items, hosting 100 value-oriented tenants including in-house fashion, children wear, and groceries, integrated with surrounding wholesale textile stalls. In Jakarta retail market with 73.8% average occupancy as of Q1 2025, it achieves 96% occupancy amid 85-90% broader rates and e-commerce pressures at 77% penetration. Footfall averages 100,000 monthly, peaking at 150,000 during Ramadan, with 2 million annual visitors, 45-minute dwell time, and 25% repeat rate. Accessibility relies on public transport (80% via KRL station and buses), but congestion and 300 parking spots limit car access. Catchment within 5 km includes 1 million residents (1.7% growth, average age 30, 3.6 per household, IDR 25 million monthly income), targeting urban families earning IDR 5-15 million with annual spends of IDR 7.5 million on apparel and IDR 12 million on groceries. Rents range IDR 50,000-90,000 per sqm monthly, far below premium malls IDR 200,000+, with 3-5 year leases featuring turnover escalations. Leasing advantages encompass competitive pricing, high peak traffic in wholesale hub, and flexible terms supporting 5% growth potential; however, aging infrastructure, medium maintenance, and intense competition from 7,000+ stalls pose challenges including 15-25% off-peak dips and online rivalry.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;PT Ramayana Lestari Sentosa Tbk&quot;,&quot;distance&quot;:2.09,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;200&quot;,&quot;gla_sqm&quot;:&quot;4&quot;,&quot;anchor_tenants&quot;:&quot;PT Ramayana Lestari Sentosa Tbk&quot;}},{&quot;id&quot;:2634,&quot;slug&quot;:&quot;wisma-46&quot;,&quot;name&quot;:&quot;Wisma 46&quot;,&quot;lat&quot;:&quot;-6.20361&quot;,&quot;lng&quot;:&quot;106.82&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Wisma 46 is a 50-story Grade A office building in Jakartas Sudirman Central Business District, part of the 15-hectare BNI City complex. Standing at 262 meters and known for its distinctive fountain pen shape, it offers prime commercial space in a high-density urban area surrounded by luxury hotels like Shangri-La and residential towers. The property features zoned office floors from levels 4 to 46, with ground-level amenities including dining options and social hubs that support limited retail presence, primarily focused on food and beverage outlets catering to office workers. Market position is strong due to its central location, attracting multinational corporations and financial institutions as tenants, which drives consistent daytime footfall. Leasing advantages include flexible zoning for mid, low, and high floors, excellent visibility, and integration with BNI Citys ecosystem, enhancing cross-traffic from adjacent developments. Occupancy rates in Jakartas CBD office market hover around 80-85 percent as per recent Colliers reports, with retail components benefiting from captive audience of over 10,000 daily office visitors. Rent levels for ground-floor retail spaces are estimated at IDR 500,000 to 800,000 per square meter annually, competitive within premium CBD segments. Tenant mix emphasizes professional services, banking, and F\u0026B, with potential for lifestyle retail to complement the business-oriented environment. Accessibility via MRT, busway, and proximity to major highways supports strong connectivity, though parking is limited. Demographic profile targets affluent professionals aged 25-45 with high disposable income, averaging IDR 20-50 million monthly, drawn from expatriates and local executives. Operational quality is high, with modern facilities like air conditioning and security, but aging infrastructure from its 1990s construction may require updates. Challenges include high competition from nearby malls like Plaza Indonesia and saturation in F\u0026B categories, potentially impacting niche retail performance.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Bershka, Indomaret, Starbucks&quot;,&quot;distance&quot;:4.95,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;5000&quot;,&quot;anchor_tenants&quot;:&quot;Bershka, Indomaret, Starbucks&quot;}},{&quot;id&quot;:7280,&quot;slug&quot;:&quot;mall-ciputra-jakarta&quot;,&quot;name&quot;:&quot;Mall Ciputra Jakarta&quot;,&quot;lat&quot;:&quot;-6.1682651&quot;,&quot;lng&quot;:&quot;106.7865499&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Mall Ciputra Jakarta, located in the Grogol Petamburan area of West Jakarta, is an established shopping center developed by the Ciputra Group and opened in 1997. It features a total building area of 110,000 square meters with 75,000 square meters of leasable space across nine levels, accommodating approximately 360 tenants. The tenant mix is family-oriented, comprising 40 percent retail space anchored by Seibu Department Store and Transmart supermarket, 30 percent food and beverage outlets, 20 percent entertainment including cinemas and play areas, and 10 percent services such as banks and clinics. This composition supports a diverse range of shopping, dining, and leisure activities targeted at middle to upper-middle class families in the surrounding residential neighborhoods like Ciputra Residence and Slipi. The mall maintains high occupancy rates of 91 to 95 percent as reported in recent Ciputra Development updates, reflecting strong tenant retention amid Jakarta&#39;s competitive retail landscape. Daily footfall averages 40,000 visitors, driven by its position in a densely populated urban area with proximity to office districts and educational institutions. Accessibility is facilitated by major roads such as Jl. Letjen S. Parman and public transport options including TransJakarta buses, though heavy traffic congestion remains a common challenge in West Jakarta. In the broader market context, Jakarta&#39;s retail sector shows stable occupancy around 70 to 90 percent across submarkets, with limited new supply expected, which bolsters demand for established properties like Mall Ciputra. Leasing opportunities benefit from competitive rent levels estimated at IDR 800,000 to 1,200,000 per square meter per month for prime spaces, flexible lease terms of 3 to 5 years, and marketing support through the mall&#39;s event calendar featuring promotions and family events. However, potential drawbacks include saturation in the F\u0026B category, increasing e-commerce competition impacting non-essential retail, and the need for ongoing infrastructure upgrades to maintain appeal against newer developments. Overall, the mall&#39;s strategic location and balanced tenant mix position it as a reliable option for retailers seeking exposure to affluent local demographics while navigating urban mobility issues.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Matahari Department Store, Hero Supermarket, Gramedia, XXI Cinema&quot;,&quot;distance&quot;:2.05,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;360&quot;,&quot;gla_sqm&quot;:&quot;75000&quot;,&quot;anchor_tenants&quot;:&quot;Matahari Department Store, Hero Supermarket, Gramedia, XXI Cinema&quot;}},{&quot;id&quot;:1525,&quot;slug&quot;:&quot;central-park-mall&quot;,&quot;name&quot;:&quot;Central Park Mall&quot;,&quot;lat&quot;:&quot;-6.1771373&quot;,&quot;lng&quot;:&quot;106.7909788&quot;,&quot;property_type&quot;:null,&quot;description&quot;:&quot;Central Park Mall, situated in West Jakartas Grogol Petamburan district, spans 119,624 square meters across 9 floors within the Podomoro City complex developed by Agung Podomoro Group. Anchored by Transmart hypermarket at 10,000 square meters and Indonesias largest Sogo department store at 22,000 square meters, it hosts a balanced tenant mix of international fashion outlets like Zara, HM, Hugo Boss, Bershka; lifestyle brands such as Marks \u0026 Spencer and Nitori; entertainment including CGV Cinemas (Indonesias second largest with 10 screens and 1,905 seats) and Jakarta Aquarium \u0026 Safari; plus diverse dining and grocery options. Targeting upper-middle-class consumers, the mall draws families, young professionals, and office workers from nearby residences and business districts, supported by annual footfall of approximately 50 million visitors. Accessibility benefits from multiple TransJakarta bus corridors (8, 9, 9A) and over 4,200 parking spaces, though heavy traffic congestion in the area can hinder access. As a prime asset, occupancy likely exceeds 90%, surpassing Jakartas 77.3% average (Q3 2025). Base rent levels average IDR 834,900 per square meter per month, with leasing advantages in high visibility, synergistic mix promoting cross-traffic, and strong sales potential; however, challenges include nearby competition and market saturation in fashion segments.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Unknown&quot;,&quot;distance&quot;:2.21,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;4&quot;,&quot;anchor_tenants&quot;:&quot;Unknown&quot;}}],&quot;secondary&quot;:[{&quot;id&quot;:4916,&quot;slug&quot;:&quot;pacific-place-mall&quot;,&quot;name&quot;:&quot;Pacific Place Mall&quot;,&quot;lat&quot;:&quot;-6.224452&quot;,&quot;lng&quot;:&quot;106.809645&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Pacific Place is a six-floor premium mall in SCBD, Jakarta, with 106,835 sqm GLA and 250 stores. Part of a mixed-use complex including offices, Ritz-Carlton Hotel, and apartments, it benefits from captive traffic. Tenant mix: 40% luxury fashion (Galeries Lafayette, Prada), 25% cosmetics/lifestyle, 20% upscale F\u0026B, 15% entertainment (KidZania, CGV). Occupancy 90-95% vs Jakarta 74% (2025 reports). Rents: IDR 900,000/sqm/month average; prime up to IDR 2,500,000/sqm/year. Monthly footfall 1M, demographics: affluent professionals, expats, median income IDR 50M/month. Excellent MRT access but traffic issues. Strong market position in premium segment, leasing perks include flexible terms, but high costs and competition from e-commerce are drawbacks.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Galeries Lafayette, Kidzania, Kem Chicks, CGV, Best Denki&quot;,&quot;distance&quot;:6.97,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;250&quot;,&quot;gla_sqm&quot;:&quot;106835&quot;,&quot;anchor_tenants&quot;:&quot;Galeries Lafayette, Kidzania, Kem Chicks, CGV, Best Denki&quot;}},{&quot;id&quot;:1767,&quot;slug&quot;:&quot;cilandak-town-square&quot;,&quot;name&quot;:&quot;Cilandak Town Square&quot;,&quot;lat&quot;:&quot;-6.291338&quot;,&quot;lng&quot;:&quot;106.799993&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Cilandak Town Square, commonly known as CITOS, is a mid-sized retail and dining complex situated at Jl. TB Simatupang Kav. 17 in the Cilandak district of South Jakarta, Indonesia. Opened in 2004, it covers approximately 25,000 square meters of gross leasable area, positioning itself as a lifestyle destination rather than a traditional shopping mall. The tenant mix heavily favors food and beverage outlets, with over 60 F\u0026B tenants including international brands like A\u0026W, Bakerzin, HokBen, and Pizza Hut, alongside local eateries, comprising about 70% of the space. Retail components include a Matahari Department Store, Hero Supermarket, and select fashion and lifestyle stores such as Ace Hardware and Uniqlo, with entertainment options like a 5-screen cinema and a gym. The mall serves a middle to upper-middle class demographic in the affluent South Jakarta suburbs, drawing from nearby residential areas like Kebayoran Baru and Cilandak, where average household incomes exceed IDR 20 million monthly. Market position is strong in the casual dining segment, with footfall estimated at 5,000-7,000 visitors daily on weekdays, peaking to 15,000 on weekends, supported by its role as a social hub for families and young professionals. Occupancy rates hover around 82% as of Q3 2025, above the Jakarta average of 77%, reflecting stable demand amid economic recovery. Rent levels average IDR 250,000-300,000 per square meter per month for prime spaces, competitive for F\u0026B-focused leasing. Accessibility is via the busy TB Simatupang arterial road, with parking for 500 vehicles, but heavy traffic and limited public transit integration pose challenges; proximity to the MRT Fatmawati station (1.5 km away) offers potential improvement. Leasing advantages include flexible short-term pop-up spaces and lower turnover rates in dining categories, though risks from market saturation in South Jakarta and competition from larger anchors like Pondok Indah Mall could impact performance. Overall, it suits retailers targeting experiential dining over high-volume sales.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Transmart, ACE Hardware, Gramedia, Fitness First&quot;,&quot;distance&quot;:14.39,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;26165&quot;,&quot;anchor_tenants&quot;:&quot;Transmart, ACE Hardware, Gramedia, Fitness First&quot;}},{&quot;id&quot;:2104,&quot;slug&quot;:&quot;transmart-central-park&quot;,&quot;name&quot;:&quot;Transmart Central Park&quot;,&quot;lat&quot;:&quot;-6.2&quot;,&quot;lng&quot;:&quot;106.778&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Transmart Central Park, located in Tanjung Duren, West Jakarta, forms part of the larger Central Park Mall complex, which spans 188,077 square meters and opened in 2009. This mixed-use development includes residential apartments, offices, a hotel, and retail spaces, positioning it as a key destination for upper-middle-class consumers in Jakarta. The mall targets affluent demographics with a diverse tenant mix featuring anchor stores like Transmart hypermarket (formerly Carrefour), offering groceries, household goods, and daily essentials across its lower ground floor space. Complementary tenants include fashion brands such as H\u0026M, Zara, and Uniqlo; electronics from Apple and Samsung outlets; dining options spanning casual eateries to upscale restaurants like Din Tai Fung and Union; entertainment via cinemas and kids zones; and lifestyle services including banks and clinics. Occupancy rates for premium malls like Central Park hover around 85-95%, above the Jakarta average of 77.3% in Q3 2025, reflecting strong demand and stable operations. Footfall benefits from proximity to residential towers housing over 5,000 units and office spaces, drawing families, young professionals, and expatriates. Accessibility is enhanced by direct toll road connections via Jakarta Inner Ring Road and JORR, though traffic congestion in West Jakarta can impact peak-hour visits. Rent levels for ground-floor specialty spaces range from IDR 1,000,000 to 1,500,000 per square meter per month, with service charges adding IDR 200,000-300,000, competitive for high-traffic anchors. Leasing advantages include flexible terms for established retailers, co-tenancy clauses with major anchors, and marketing support through mall events. However, market saturation from nearby competitors like Mall Taman Anggrek and Puri Indah Mall poses risks to incremental sales, while aging infrastructure in surrounding areas may require tenant investments in fit-outs. Overall, it offers solid performance for grocery, fashion, and F\u0026B categories amid Jakarta&#39;s recovering retail sector, with sales per square meter estimated at IDR 15-20 million annually for prime locations.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta Barat&quot;},&quot;anchor_tenants&quot;:&quot;Transmart, Debenhams, Cinema&quot;,&quot;distance&quot;:5.11,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;350&quot;,&quot;gla_sqm&quot;:&quot;119624&quot;,&quot;anchor_tenants&quot;:&quot;Transmart, Debenhams, Cinema&quot;}},{&quot;id&quot;:1442,&quot;slug&quot;:&quot;puri-indah-mall&quot;,&quot;name&quot;:&quot;Puri Indah Mall&quot;,&quot;lat&quot;:&quot;-6.188&quot;,&quot;lng&quot;:&quot;106.734&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Puri Indah Mall is situated in the Kembangan district of West Jakarta, Indonesia, within the affluent Puri Indah residential area. Developed by PT Antelope Madju Puri Indah, a Lippo Group entity, the mall opened in 1998 and offers about 110,000 square meters of gross leasable area (GLA) over four floors. It targets middle to upper-middle income residents, with a catchment population exceeding 500,000 within 5 kilometers, characterized by families and young professionals. Accessibility is facilitated by its location on Jalan Puri Indah, near the Jakarta Inner Ring Road and public transport options like TransJakarta buses, though heavy traffic congestion during rush hours poses challenges. The tenant mix is diverse, featuring anchor tenants such as Metro Department Store for fashion and lifestyle, Hero Supermarket for groceries, Ace Hardware for home improvement, Informa for furnishings, and Best Denki for electronics. Additional categories include over 100 food and beverage outlets (30% of space), apparel and accessories (25%), services and entertainment like cinemas and kids zones (20%), and specialty retail (25%). In the context of Jakarta&#39;s retail market, where premium and middle-upper malls maintain 85-90% occupancy as per Colliers Q3 2025 report, Puri Indah sustains around 82% occupancy, benefiting from stable local demand but impacted by a 2% dip in footfall due to regional events. Annual footfall is estimated at 12-15 million visitors, driven by weekend family outings and promotional events. Rent levels range from IDR 500,000 to 700,000 per square meter per year for prime locations, competitive for suburban malls. Market position is established in the family-oriented suburban segment, with strengths in comprehensive everyday needs fulfillment and community events enhancing loyalty. However, drawbacks include aging infrastructure from the late 1990s, requiring potential renovations for modern amenities, and increasing competition from nearby Lippo Mall Puri and the new Puri Indah Mall 2 (50,000 sqm, opened November 2024), which could dilute traffic. Leasing advantages encompass flexible space configurations for mid-sized retailers, established brand visibility, and proximity to residential growth, but risks involve category saturation in F\u0026B, economic sensitivity in discretionary spending, and access limitations affecting conversion rates.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Metro Department Store, Informa Furnishings, Ace Hardware, Hero Supermarket, Best Denki&quot;,&quot;distance&quot;:8.26,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;200&quot;,&quot;gla_sqm&quot;:&quot;50000&quot;,&quot;anchor_tenants&quot;:&quot;Metro Department Store, Informa Furnishings, Ace Hardware, Hero Supermarket, Best Denki&quot;}},{&quot;id&quot;:1438,&quot;slug&quot;:&quot;senayan-city&quot;,&quot;name&quot;:&quot;Senayan City&quot;,&quot;lat&quot;:&quot;-6.227389&quot;,&quot;lng&quot;:&quot;106.797111&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Senayan City is a premium mixed-use development in the prestigious Senayan district of Central Jakarta, Indonesia, featuring a seven-floor shopping mall with approximately 120,000 square meters of gross leasable area. Opened in 2006, it integrates retail, office towers, and residential components, positioning it as a key destination in Jakarta&#39;s competitive retail landscape. The tenant mix emphasizes high-end fashion, luxury brands, and lifestyle offerings, with anchors including international department stores like Seibu and a diverse array of over 300 tenants across categories such as apparel (e.g., Zara, H\u0026M, Uniqlo), electronics (e.g., Apple Store), dining (over 100 F\u0026B outlets including upscale restaurants and cafes), and entertainment (cinemas, Lego flagship store - the largest in Southeast Asia). Market position is strong in the premium segment, benefiting from Jakarta&#39;s overall retail occupancy stability at around 74-88% for high-grade malls in 2024-2025, with prime rents averaging IDR 597,000 per square meter per month, up 3.26% year-over-year. Accessibility is excellent via major roads like Jalan Asia Afrika, proximity to Gelora Bung Karno Stadium, and public transport links including TransJakarta buses, though traffic congestion in Central Jakarta poses challenges. Demographic profile targets affluent middle-to-upper-class residents and visitors, with high footfall estimated at over 10 million annual visitors driven by events and proximity to business districts. Leasing advantages include high visibility in a saturated but resilient market, strong operational quality with modern infrastructure, and opportunities for pop-ups in dynamic spaces like The Atrium and The Promenade. However, risks involve intense competition from nearby premium malls like Plaza Senayan and Pacific Place, potential rent escalations due to 2025 VAT increase to 12%, and vulnerability to economic slowdowns affecting discretionary spending in a city with growing e-commerce penetration.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Sogo, ACE Hardware, XXI Cinema, Uniqlo&quot;,&quot;distance&quot;:7.31,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;300&quot;,&quot;gla_sqm&quot;:&quot;76000&quot;,&quot;anchor_tenants&quot;:&quot;Sogo, ACE Hardware, XXI Cinema, Uniqlo&quot;}},{&quot;id&quot;:7284,&quot;slug&quot;:&quot;patra-jasa-mall&quot;,&quot;name&quot;:&quot;Patra Jasa Mall&quot;,&quot;lat&quot;:&quot;-6.233625&quot;,&quot;lng&quot;:&quot;106.8232792&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Patra Jasa Mall is located in the Kelapa Gading district of North Jakarta, a densely populated residential and commercial area spanning approximately 50,000 sqm of gross leasable area. Positioned as a neighborhood shopping center, it caters primarily to local middle-income families and young professionals in the surrounding suburbs. The tenant mix includes a balanced selection of everyday essentials with around 40% dedicated to fashion and apparel from local and mid-tier international brands like Matahari and Uniqlo outlets, 30% to food and beverage options featuring casual dining chains such as HokBen and local cafes, 20% to supermarkets and groceries via an anchor like Hero Supermarket, and 10% to services including banks and electronics stores. Accessibility is supported by proximity to major roads like Jalan Kelapa Gading Boulevard and public transport routes including TransJakarta buses, though heavy traffic congestion during peak hours poses challenges. In the broader Jakarta retail market as of Q3 2025, secondary locations like North Jakarta report average occupancy at 75-80%, with base rents averaging Rp690,000 per sqm per month. Patra Jasa Malls market position is that of a community-focused venue rather than a destination mall, benefiting from steady local footfall estimated at 5,000-7,000 visitors daily but facing saturation from nearby competitors. Leasing advantages include flexible terms for smaller retailers with turnover rents starting at 8-10% of sales and service charges around Rp200,000 per sqm per month, making it suitable for emerging brands seeking affordable entry into Jakartas retail scene. However, operational quality varies with some reports of aging infrastructure requiring maintenance, and demographic shifts toward e-commerce could impact physical visits. Overall, it offers stable but modest performance in a competitive landscape with 22.7% vacancy across secondary malls.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Carrefour, ACE Hardware, Cinema 21&quot;,&quot;distance&quot;:8.24,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;40000&quot;,&quot;anchor_tenants&quot;:&quot;Carrefour, ACE Hardware, Cinema 21&quot;}},{&quot;id&quot;:4918,&quot;slug&quot;:&quot;sogo-mall&quot;,&quot;name&quot;:&quot;Sogo Mall&quot;,&quot;lat&quot;:&quot;-6.235&quot;,&quot;lng&quot;:&quot;106.85&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Sogo Mall in Jakarta, at Jalan Casablanca Raya Kav. 88, spans 25,000 sqm over 4 floors since 2012, owned by PT Pakuwon Jati. It draws 5 million annual visitors (6,666 monthly), with 5% growth projection, 120-min dwell time, 25% conversion. Visits: 40% shopping, 35% dining, 25% home decor. 95% occupancy exceeds Jakarta\&quot;s 73.8% Q1 2025 average. Rent: 500,000 IDR/sqm/month vs. prime 597,540. 150 tenants, anchors Sogo, Transmart, XXI, Don Don Donki; high diversity, 20% unique. Catchment: 1.2M pop, age 30, income 15M IDR/month. High accessibility: public transport, pedestrians, 3,000 parking. Operations: CCTV, low crime, 60% click-collect. Flexible 3-5 yr leases, 10 new tenants. Challenges: high competition, e-commerce in saturated market.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Sogo, Transmart, XXI, Don Don Donki, Amazing Caribbean, Chipmunk&quot;,&quot;distance&quot;:9.58,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;116000&quot;,&quot;anchor_tenants&quot;:&quot;Sogo, Transmart, XXI, Don Don Donki, Amazing Caribbean, Chipmunk&quot;}},{&quot;id&quot;:3477,&quot;slug&quot;:&quot;pantai-indah-kapuk-town-square&quot;,&quot;name&quot;:&quot;Pantai Indah Kapuk Town Square&quot;,&quot;lat&quot;:&quot;-6.10913&quot;,&quot;lng&quot;:&quot;106.74048&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Pantai Indah Kapuk Town Square, located in the affluent Pantai Indah Kapuk area of North Jakarta, is a mid-sized shopping center spanning approximately 50,000 square meters of gross leasable area. Opened in recent years as part of the expanding PIK township development, it positions itself in the middle-upper market segment, targeting local residents and visitors from surrounding neighborhoods. The property benefits from its integration within a master-planned community that includes residential, office, and hospitality elements, enhancing its catchment area of over 500,000 people within a 10-kilometer radius. Tenant mix emphasizes food and beverage outlets, comprising about 40% of space with diverse options from international chains like Starbucks and local eateries, alongside fashion retailers (30%), lifestyle stores, and entertainment facilities such as cinemas and play areas. Occupancy stands at around 85-90%, aligning with premium mall averages in Jakarta, supported by stable demand post-pandemic recovery. Rent levels range from IDR 500,000 to 800,000 per square meter per year, reflecting a 0.5% quarterly increase amid market optimism. Accessibility is facilitated by proximity to toll roads and upcoming infrastructure improvements, though Jakarta&#39;s traffic congestion poses challenges. Leasing advantages include flexible terms for new entrants, promotional support from management, and synergies with adjacent hotels like Swissotel, driving footfall estimated at 1-1.5 million visitors monthly. However, competition from established malls like Mall of Indonesia and emerging e-commerce pressures require strategic positioning in niche categories. Overall, the center offers balanced performance with growth potential in a demographic-rich suburb, but risks include economic volatility and saturation in F\u0026B segments.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Uniqlo, H\u0026M, ACE Hardware, Flix Cinema, Mothercare&quot;,&quot;distance&quot;:9.16,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;30300&quot;,&quot;anchor_tenants&quot;:&quot;Uniqlo, H\u0026M, ACE Hardware, Flix Cinema, Mothercare&quot;}},{&quot;id&quot;:3726,&quot;slug&quot;:&quot;senayan-park&quot;,&quot;name&quot;:&quot;Senayan Park&quot;,&quot;lat&quot;:&quot;-6.215&quot;,&quot;lng&quot;:&quot;106.805&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Senayan Park is a lifestyle shopping mall in Jakartas Senayan district, part of the central Golden Triangle business hub. It houses about 150 stores across multiple levels, with tenant mix comprising 70% food and beverage outlets like IPPUDO, SATE KHAS SENAYAN, and STARBUCKS; 20% entertainment including CINEPOLIS cinema and TIMEZONE arcade; and 10% other retail such as kiosks and services. Anchor tenants feature supermarkets like RANCH MARKET and MINISO. The property stands out with urban oasis elements: a large lake, parks, jogging track, rooftop garden, and skywalk for city views, promoting family and pet-friendly visits. Positioned amid five-star hotels, government offices, upscale apartments, and universities, it targets middle-to-upper-income demographics seeking leisure and dining experiences. Accessibility via major roads and MRT proximity aids reach, though Jakarta traffic remains a hurdle. In 2025, premium malls in Jakarta report 90% occupancy and robust footfall from central location, with Senayan Park sales averaging 20 million IDR per square meter yearly. Leasing benefits include traffic-driving tenant synergy and flexible spaces for pop-ups, but challenges encompass F\u0026B category saturation and competition from nearby venues. Overall, it offers solid performance potential in a saturated market if tenants align with lifestyle focus.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Cinépolis, Timezone, Samsung Experience Store, Hyundai Motorstudio, 99 Ranch Market, Lucy in the Sky, Yougwa Danau Sentani&quot;,&quot;distance&quot;:5.89,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;11600&quot;,&quot;anchor_tenants&quot;:&quot;Cinépolis, Timezone, Samsung Experience Store, Hyundai Motorstudio, 99 Ranch Market, Lucy in the Sky, Yougwa Danau Sentani&quot;}},{&quot;id&quot;:2622,&quot;slug&quot;:&quot;pik-avenue&quot;,&quot;name&quot;:&quot;Pik Avenue&quot;,&quot;lat&quot;:&quot;-6.10913&quot;,&quot;lng&quot;:&quot;106.74048&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;PIK Avenue is a premium lifestyle shopping center situated in the Pantai Indah Kapuk (PIK) district of Jakarta Utara, integrated within a 600-hectare mixed-use development by Agung Sedayu Group. Spanning multiple levels, it combines retail, dining, and entertainment facilities, directly connected to Swissotel and Mercure hotels for improved visitor access. The tenant mix emphasizes middle-upper segment offerings, including international fashion anchors like H\u0026M, Uniqlo, and Adidas; beauty and accessories from Sephora, Pandora, and L&#39;Occitane; diverse F\u0026B options such as Toby&#39;s Estate, 1868 Curry House, and Abura Soba; and family entertainment via Flix Cinema. In Jakarta&#39;s competitive retail landscape, PIK Avenue targets affluent urbanites in the growing PIK area, where residential and office expansions drive demand. As per Colliers Q3 2025 report, premium malls maintain 90% occupancy, with Jakarta-wide rates at 74%; footfall benefits from local demographics but faces dips from urban events. Rent levels for similar properties average IDR 1,000,000-1,500,000 per sqm annually, up 0.5% qoq per JLL Q2 2025. Leasing advantages include flexible unit sizes (50-500 sqm), turnover rent structures (8-12% of sales), and the ASRI Living loyalty app enhancing customer retention. Drawbacks encompass Jakarta&#39;s chronic traffic issues limiting accessibility, competition from e-commerce and nearby malls like Emporium Pluit, and potential infrastructure aging in a rapidly developing zone. Overall, it suits retailers in fashion, lifestyle, and experiential categories seeking exposure to high-income North Jakarta consumers, though market saturation in F\u0026B warrants cautious category selection.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;H\u0026M, Uniqlo, Sephora, Flix Cinema&quot;,&quot;distance&quot;:9.16,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;30300&quot;,&quot;anchor_tenants&quot;:&quot;H\u0026M, Uniqlo, Sephora, Flix Cinema&quot;}},{&quot;id&quot;:2107,&quot;slug&quot;:&quot;transmart-cilandak&quot;,&quot;name&quot;:&quot;Transmart Cilandak&quot;,&quot;lat&quot;:&quot;-6.285&quot;,&quot;lng&quot;:&quot;106.82&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Transmart Cilandak, located at Jl. Raya Cilandak KKO No.27 in Cilandak Timur, Pasar Minggu, South Jakarta, operates as a mid-sized retail complex with a gross floor area of 20,000 square meters and rentable space of 16,871 square meters across three to four levels. Originally opened in the 1990s as Cilandak Mall, it was rebranded in 2016 under PT Trans Retail Indonesia, adopting a 3-in-1 concept integrating hypermarket shopping, dining, and entertainment. The anchor tenant is the Transmart Carrefour supermarket, focusing on groceries, electronics, household goods, and fresh produce, complemented by diverse retail outlets including Miniso for affordable variety items, Optik Melawai for eyewear, and fashion-beauty sections. Dining options feature a multi-level food court with local and international cuisines, alongside specialty eateries like J.CO for donuts and coffee. Entertainment includes KidCity, an indoor theme park with rides and arcades suitable for families, and Cinema XXI for movie screenings. The property serves a primary catchment of approximately 222,000 residents in the Cilandak district, characterized by middle to upper-middle income households averaging IDR 15-25 million monthly, drawn from nearby residential areas and office parks along Jl. TB Simatupang. Accessibility is supported by proximity to major roads, public transport routes, and ample parking for cars and motorcycles, though traffic congestion in South Jakarta can pose challenges. In the broader Jakarta retail market, as per Colliers and Cushman \u0026 Wakefield reports from 2025, occupancy rates average 85-90 percent amid limited new supply, with hypermarket formats maintaining steady performance despite e-commerce growth. Leasing advantages include flexible terms for smaller footprints, promotional tie-ins with the anchor, and family-oriented footfall that supports consistent dwell times of 2-3 hours. However, the property faces drawbacks from its aging infrastructure dating back to the 1990s, potentially requiring tenant-funded upgrades, and competition from larger nearby centers like Cilandak Town Square. Overall, it positions as a neighborhood hub for everyday needs and leisure, with estimated footfall of 10,000-15,000 daily visitors on weekdays, rising to 20,000-25,000 on weekends, though recent observations note occasional quieter periods due to regional economic factors.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta Selatan&quot;},&quot;anchor_tenants&quot;:&quot;Transmart, Electronics, Clothing&quot;,&quot;distance&quot;:13.79,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;20000&quot;,&quot;anchor_tenants&quot;:&quot;Transmart, Electronics, Clothing&quot;}},{&quot;id&quot;:2611,&quot;slug&quot;:&quot;upper-east-place&quot;,&quot;name&quot;:&quot;Upper East Place&quot;,&quot;lat&quot;:&quot;-6.23&quot;,&quot;lng&quot;:&quot;106.85&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Upper East Place, situated in East Jakarta at Jl. MH Thamrin No. 1, functions as a mid-tier retail center with 60,000 sqm gross leasable area over 4 levels. Established in 2015, it targets middle-income families and young professionals in the Cawang and Tebet neighborhoods, drawing from a 5 km catchment of 500,000 residents growing at 1.2% annually. Tenant mix comprises anchors including H\u0026M, Zara, Uniqlo, Sogo, Debenhams, and Hero Supermarket, with 30% allocated to F\u0026B outlets like Starbucks and local cafes, plus entertainment via cinema and play areas. Occupancy holds at 78% in Q3 2025, matching Jakarta&#39;s 77.3% average per Cushman \u0026 Wakefield, though vacancy risks reach 10-22% in mid-tier segments. Rents average IDR 500,000-700,000 per sqm yearly, appealing to value brands amid stable but modest sales of IDR 8-10 million per sqm annually. Monthly footfall hits 1.2 million, aided by TransJakarta access and nearby offices/universities, yet traffic congestion hampers 15-20% of potential visits. In Jakarta&#39;s retail market, it occupies a practical suburban niche with residential proximity advantages, but contends with e-commerce penetration at 30% and saturation in fashion/F\u0026B. Leasing benefits feature flexible terms, 3-month rent-free incentives, and 20-tenant pipeline, offset by infrastructure aging and competition from premium sites like Ciputra Mall.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Sogo, Debenhams, Zara, H\u0026M, Uniqlo, Hero Supermarket&quot;,&quot;distance&quot;:9.11,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;60000&quot;,&quot;anchor_tenants&quot;:&quot;Sogo, Debenhams, Zara, H\u0026M, Uniqlo, Hero Supermarket&quot;}},{&quot;id&quot;:2636,&quot;slug&quot;:&quot;pik-avenue-1&quot;,&quot;name&quot;:&quot;Pik Avenue&quot;,&quot;lat&quot;:&quot;-6.10913&quot;,&quot;lng&quot;:&quot;106.74048&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;PIK Avenue is a premium lifestyle shopping center situated in the Pantai Indah Kapuk (PIK) district of Jakarta Utara, integrated within a 600-hectare mixed-use development by Agung Sedayu Group. Spanning multiple levels, it combines retail, dining, and entertainment facilities, directly connected to Swissotel and Mercure hotels for improved visitor access. The tenant mix emphasizes middle-upper segment offerings, including international fashion anchors like H\u0026M, Uniqlo, and Adidas; beauty and accessories from Sephora, Pandora, and L&#39;Occitane; diverse F\u0026B options such as Toby&#39;s Estate, 1868 Curry House, and Abura Soba; and family entertainment via Flix Cinema. In Jakarta&#39;s competitive retail landscape, PIK Avenue targets affluent urbanites in the growing PIK area, where residential and office expansions drive demand. As per Colliers Q3 2025 report, premium malls maintain 90% occupancy, with Jakarta-wide rates at 74%; footfall benefits from local demographics but faces dips from urban events. Rent levels for similar properties average IDR 1,000,000-1,500,000 per sqm annually, up 0.5% qoq per JLL Q2 2025. Leasing advantages include flexible unit sizes (50-500 sqm), turnover rent structures (8-12% of sales), and the ASRI Living loyalty app enhancing customer retention. Drawbacks encompass Jakarta&#39;s chronic traffic issues limiting accessibility, competition from e-commerce and nearby malls like Emporium Pluit, and potential infrastructure aging in a rapidly developing zone. Overall, it suits retailers in fashion, lifestyle, and experiential categories seeking exposure to high-income North Jakarta consumers, though market saturation in F\u0026B warrants cautious category selection.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta Utara&quot;},&quot;anchor_tenants&quot;:&quot;H\u0026M,Uniqlo,Sephora,Union,FLIX Cinema&quot;,&quot;distance&quot;:9.16,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;30300&quot;,&quot;anchor_tenants&quot;:&quot;H\u0026M,Uniqlo,Sephora,Union,FLIX Cinema&quot;}},{&quot;id&quot;:1782,&quot;slug&quot;:&quot;pasaraya-grande&quot;,&quot;name&quot;:&quot;Pasaraya Grande&quot;,&quot;lat&quot;:&quot;-6.24722&quot;,&quot;lng&quot;:&quot;106.80917&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Pasaraya Grande, located in the bustling Blok M area of South Jakarta at Jl. Iskandarsyah II No.2, Kebayoran Baru, is a historic retail property established in 1958 as one of Indonesias oldest department stores. Spanning multiple floors, it features a diverse tenant mix including a basement supermarket for groceries and daily essentials, ground floor fashion and accessories from local and international brands, upper levels for home goods, electronics, and a dedicated fourth floor for Indonesian handicrafts, antiques, and souvenirs appealing to tourists. The property covers approximately 20,000 square meters of retail space, positioning it as a mid-tier retail destination in a densely populated urban district. In the context of Jakartas retail market, which saw an average occupancy of 74.7% in 2024 per Colliers reports, Pasaraya Grande benefits from steady footfall driven by its proximity to residential neighborhoods and public transport hubs. Leasing opportunities here offer advantages such as established brand recognition and a loyal customer base from middle to upper-middle income demographics, with rent levels estimated at IDR 150,000 to 250,000 per square meter per month, competitive for the area. However, challenges include aging infrastructure requiring maintenance, competition from nearby modern malls like Blok M Plaza with higher-end tenant mixes, and market saturation in fashion categories. Accessibility via TransJakarta buses and MRT stations supports daily visitor traffic, estimated at 10,000 to 15,000 on weekdays and higher on weekends, though traffic congestion poses risks to performance. Overall, while the propertys unique cultural offerings provide differentiation, potential lessees should assess operational quality and renovation needs for long-term viability in a recovering post-pandemic market showing 77.9% citywide occupancy in mid-2025 per Cushman \u0026 Wakefield data.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Pasaraya Department Store, Starbucks, Various Cafes&quot;,&quot;distance&quot;:9.49,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;42000&quot;,&quot;anchor_tenants&quot;:&quot;Pasaraya Department Store, Starbucks, Various Cafes&quot;}},{&quot;id&quot;:2113,&quot;slug&quot;:&quot;plaza-festival&quot;,&quot;name&quot;:&quot;Plaza Festival&quot;,&quot;lat&quot;:&quot;-6.220664&quot;,&quot;lng&quot;:&quot;106.832676&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Plaza Festival, located in the Setiabudi-Kuningan business district of South Jakarta, operates as a mid-tier lifestyle and sports center spanning approximately 20,000 square meters across multiple levels. Opened in the 1990s, it integrates retail, dining, and recreational facilities, attracting office workers and residents in this affluent area. The tenant mix emphasizes quick-service dining with international chains like KFC, McDonald\&quot;s, A\u0026W, Pizza Hut, and Yoshinoya, alongside convenience retail such as Indomaret, Miniso, MR.DIY, and The Body Shop. Sports amenities include a gym, swimming pool, badminton courts, futsal, tennis, and wall climbing, appealing to health-conscious urbanites. Accessibility is strong via TransJakarta buses and proximity to major roads, though Jakarta\&quot;s traffic congestion poses challenges. Market position reflects a niche in convenience-driven retail amid broader Jakarta mall saturation, with occupancy rates aligning with the city average of 74% as of Q3 2025 per Colliers reports. Footfall peaks during lunch hours due to nearby offices, estimated at moderate levels compared to super-regional malls. Rent levels for similar mid-tier properties range from IDR 200,000 to 300,000 per square meter per month, offering competitive entry for smaller retailers. Strengths include low operational costs and targeted demographics of professionals aged 25-45 with middle to upper incomes. Drawbacks encompass limited anchor tenants, competition from upscale neighbors like Plaza Semanggi and Epicentrum Walk, and potential infrastructure wear from high usage. Leasing advantages involve flexible terms for F\u0026B and fitness operators, with incentives like rent-free periods to boost occupancy amid post-pandemic recovery. Overall, it suits budget-conscious brands seeking high-visibility lunch traffic in a dynamic CBD setting, but requires strategies to counter e-commerce pressures and urban mobility issues.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Matahari Department Store, Hypermart, Cinema XXI&quot;,&quot;distance&quot;:7.25,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;13481&quot;,&quot;anchor_tenants&quot;:&quot;Matahari Department Store, Hypermart, Cinema XXI&quot;}},{&quot;id&quot;:3730,&quot;slug&quot;:&quot;itc-cempaka-mas&quot;,&quot;name&quot;:&quot;Itc Cempaka Mas&quot;,&quot;lat&quot;:&quot;-6.163722&quot;,&quot;lng&quot;:&quot;106.877639&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;ITC Cempaka Mas is a major wholesale and retail trade center situated at Jl. Letjen Suprapto No. 586, Cempaka Putih, Central Jakarta, Indonesia. Developed by the ITC Group under Sinarmas Land, it opened in 1991 and features approximately 150,000 square meters of gross leasable area (GLA) across 11 floors, positioning it as one of Southeast Asias largest wholesale shopping destinations. The property benefits from its location at a bustling intersection connecting key arterial roads like Jl. Pramuka and Jl. Ahmad Yani, facilitating access via TransJakarta buses, MRT nearby, and private vehicles, though heavy traffic is a common issue. Tenant mix emphasizes wholesale and budget retail, with over 3,000 stalls and shops specializing in textiles, garments, electronics, footwear, accessories, and household items; anchor tenants include HAPIMART hypermarket on lower ground floor, various food courts, and entertainment options like cinemas. Market position: It caters to small traders, wholesalers, and cost-conscious consumers in Jakartas dense urban core, where Central Jakarta hosts over 1 million residents with high population density exceeding 15,000 per sq km. Leasing advantages encompass affordable rent levels for mid-tier spaces at IDR 400,000 to 600,000 per sqm per month, aligning with Jakartas average retail rents of IDR 550,000 per sqm per month as reported by Colliers in 2025; high footfall of 15,000 to 25,000 daily visitors, driven by wholesale trade and regional draw, supports robust turnover for suitable tenants. Occupancy remains stable at 75-85%, outperforming the citywide average of 74-79% in Q3 2025 per Cushman and Wakefield, due to fragmented tenancy model resilient to economic fluctuations. Drawbacks include competition from modern neighbors like Green Pramuka Square (2 km away, with superior amenities and 80% occupancy) and Transmart Cempaka Putih (1 km, focusing on groceries), which attract similar demographics with better parking and cleanliness. Aging infrastructure from the 1990s may require maintenance, potentially increasing operational costs, while market saturation in wholesale categories fosters price wars and thin margins. Demographic profile features lower to middle-income groups (household incomes IDR 5-15 million monthly), aged 20-50, including small business owners and families from surrounding kampungs, offering volume sales potential but limited upscale opportunities. Overall, it suits retailers targeting high-volume, low-price segments amid Jakartas recovering retail sector post-pandemic.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;HAPIMART (formerly Carrefour)&quot;,&quot;distance&quot;:8.14,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;6000&quot;,&quot;gla_sqm&quot;:&quot;65646&quot;,&quot;anchor_tenants&quot;:&quot;HAPIMART (formerly Carrefour)&quot;}},{&quot;id&quot;:1766,&quot;slug&quot;:&quot;gandaria-city&quot;,&quot;name&quot;:&quot;Gandaria City&quot;,&quot;lat&quot;:&quot;-6.245278&quot;,&quot;lng&quot;:&quot;106.783611&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Gandaria City is a prominent mixed-use development in South Jakarta, Indonesia, established in August 2010, featuring a retail mall with 93,840 square meters of gross leasable area across five floors, alongside office towers, apartments, and a five-star hotel. Positioned in the Kebayoran Lama neighborhood along Jl. Sultan Iskandar Muda, it serves as a key lifestyle destination in an emerging commercial hub near the CBD, attracting a catchment population of 2.3 million within a 5-10 km radius. The tenant mix is diverse and balanced, with fashion and accessories comprising 35% of space (brands like Uniqlo, H\u0026M, Mango, Adidas, Furla, Sephora), F\u0026B at 25% (over 100 outlets including international and local cuisines in the Main Street dining lane), and essentials plus entertainment at 40% (anchors such as Lotte Mart supermarket, Metro department store, Ace Hardware, Cinema XXI with IMAX, Gramedia bookstore, Toys Kingdom, and fitness centers). This composition supports over 500 specialty shops and 12 anchor tenants, fostering a vibrant ecosystem for shopping, dining, leisure, and arts, highlighted by an extensive world-class art collection displayed throughout the property. Occupancy stands at 88-92% as of Q3 2025, with only 2% vacancy and 1,877 square meters available, reflecting strong demand in Jakartas premium retail segment amid city-wide rates around 77%. Average daily footfall ranges from 15,000 to 20,000 visitors, equating to approximately 12 million annually, with dwell times of 120 minutes and a 25% conversion rate, driven by middle to upper-middle class demographics including young professionals, families, and expatriates with median household incomes of 8.5 million IDR per month and per capita retail spending of 2.5 million IDR yearly. Leasing advantages include high sales potential of 15,000 USD per square meter per year, integration with residential and office components for consistent traffic, 3,000 parking spaces, good accessibility via major roads like TB Simatupang and public transport, high security, digital signage, and loyalty programs with 40% penetration. However, challenges encompass intense local competition, e-commerce pressures with 60% click-and-collect adoption, potential saturation in categories like electronics, and operational strains from traffic congestion and aging infrastructure after 15 years.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Metro, Lotte Mart, Uniqlo, H\u0026M, Mango, Daiso, Informa, Ace Hardware, Eat \u0026 Eat, Cinema XXI, Electronic Solution, Celebrity Fitness, Amazone, Gramedia, Paperclip, Toys Kingdom&quot;,&quot;distance&quot;:9.53,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;250&quot;,&quot;gla_sqm&quot;:&quot;93840&quot;,&quot;anchor_tenants&quot;:&quot;Metro, Lotte Mart, Uniqlo, H\u0026M, Mango, Daiso, Informa, Ace Hardware, Eat \u0026 Eat, Cinema XXI, Electronic Solution, Celebrity Fitness, Amazone, Gramedia, Paperclip, Toys Kingdom&quot;}},{&quot;id&quot;:1774,&quot;slug&quot;:&quot;kuningan-city-mall&quot;,&quot;name&quot;:&quot;Kuningan City Mall&quot;,&quot;lat&quot;:&quot;-6.2246&quot;,&quot;lng&quot;:&quot;106.8296&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Kuningan City Mall is a mixed-use development located in the Setiabudi district of South Jakarta, along Jalan Prof. DR. Satrio, a key arterial road in the Kuningan business corridor. The property encompasses approximately 60,000 square meters of gross leasable area (GLA) in its retail component, integrated with two residential towers (Denpasar Residence) and an office building (AXA Tower). Opened in 2012, it positions itself as a lifestyle and entertainment destination catering to the surrounding office-heavy environment, which includes multinational corporations, embassies, and high-end residences. The tenant mix emphasizes a balanced blend: fashion and lifestyle brands occupy about 30% of space, featuring international labels like H\u0026M, Uniqlo, and local boutiques; food and beverage (F\u0026B) outlets account for 35%, with diverse options from casual dining to quick-service eateries such as Don Don Donki (its largest outlet in Indonesia) and various cafes; entertainment and services make up 20%, including cinemas, fitness centers, and event spaces like MICE facilities; while supermarkets and anchors like Ace Hardware cover the remaining 15%. Occupancy levels have remained stable at around 85-90% in recent quarters, aligning with premium segment trends in Jakarta&#39;s retail market, where overall city occupancy stands at 77.3% as of Q3 2025 per Cushman \u0026 Wakefield reports. Rent levels for prime spaces range from IDR 800,000 to IDR 1,200,000 per square meter per year, reflecting the location&#39;s premium status but moderated by competition. Accessibility is strong via major roads and proximity to the MRT Bundaran HI station (about 2 km away), though traffic congestion in the CBD remains a challenge. The demographic profile draws upper-middle-income professionals aged 25-45, office workers, and expats, with daily footfall estimated at 15,000-20,000 visitors, boosted by weekday lunch crowds and weekend leisure seekers. Leasing advantages include flexible terms for mid-sized retailers, integrated parking (over 1,000 spaces), and marketing support through events, but potential drawbacks involve high operational costs and saturation in F\u0026B categories. Market factors show resilient performance amid economic recovery, with minimal new supply in South Jakarta supporting steady demand, though e-commerce pressures and urban mobility issues could impact long-term growth.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta Selatan&quot;},&quot;anchor_tenants&quot;:&quot;Don Don Donki, Various Department Stores&quot;,&quot;distance&quot;:7.51,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;250&quot;,&quot;gla_sqm&quot;:&quot;55800&quot;,&quot;anchor_tenants&quot;:&quot;Don Don Donki, Various Department Stores&quot;}},{&quot;id&quot;:3733,&quot;slug&quot;:&quot;antasari-place&quot;,&quot;name&quot;:&quot;Antasari Place&quot;,&quot;lat&quot;:&quot;-6.273565&quot;,&quot;lng&quot;:&quot;106.808666&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Antasari Place is a mixed-use development in South Jakarta&#39;s Cilandak Barat area, featuring residential apartments and a compact lifestyle retail component known as Cornerstone. Completed in 2025, the retail section spans three floors with an estimated lettable area under 20,000 square meters, positioning it as a neighborhood-oriented hub rather than a regional draw. The property integrates smart living concepts with green spaces and alfresco dining, targeting upper-middle-class residents in the emerging CBD of South Jakarta. Tenant mix emphasizes food and beverage outlets, lifestyle services, and convenience retail, with a focus on culinary experiences to foster community engagement. Market position reflects Jakarta&#39;s evolving retail landscape, where smaller formats gain traction amid saturation in larger malls; overall city occupancy stands at 73.8% as of Q1 2025, with premium South Jakarta segments maintaining near 90% rates. Leasing advantages include lower entry barriers for tenants due to its scale, proximity to affluent demographics, and developer incentives like occupancy-cost packages to attract anchors. However, challenges arise from limited footfall potential in early stages, as it relies heavily on the 1,600 on-site residential units (75% sold) for traffic, estimated at under 2,000 daily visitors initially compared to 3,500+ in nearby established malls. Accessibility is strong via Jalan Antasari and proximity to toll roads, but competition from established venues like Lippo Mall Kemang (2 km away) and Pacific Place could dilute capture rates. Rent levels hover around IDR 1,000,000-1,500,000 per square meter annually, competitive for mid-tier spaces but pressured by economic factors and e-commerce growth. Operational quality benefits from modern infrastructure, though aging urban surroundings may impact long-term appeal without ongoing upgrades. Retail performance in South Jakarta benefits from a demographic profile of professionals and families with average household incomes exceeding IDR 20 million monthly, supporting discretionary spending in F\u0026B categories, yet risks include market saturation in lifestyle retail and potential weak categories like non-essential fashion amid 0.5% rent increases in Q2 2025.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Local Retail Brands&quot;,&quot;distance&quot;:12.42,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;5000&quot;,&quot;anchor_tenants&quot;:&quot;Local Retail Brands&quot;}},{&quot;id&quot;:3727,&quot;slug&quot;:&quot;lippo-mall-nusantara&quot;,&quot;name&quot;:&quot;Lippo Mall Nusantara&quot;,&quot;lat&quot;:&quot;-6.219754&quot;,&quot;lng&quot;:&quot;106.814478&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Lippo Mall Nusantara, formerly Plaza Semanggi, is a mixed-use development in South Jakartas Golden Triangle at the Semanggi Interchange, completed in 2003 with recent renovations starting November 2023 and partial reopening December 18, 2024, full completion expected August 2025. It features a seven-level shopping center with two basements, net leasable area of 66,640 square meters, and 117 tenants offering diverse fashion, lifestyle, dining, and entertainment options. Anchored by Cinepolis cinema and Foodmart supermarket, the tenant mix includes international brands, local retailers, and a thematic food court Alun-Alun Nusantara inspired by Indonesian culture, plus a mini museum. Located near Atmajaya University and commercial buildings, it serves as a social hub with 1,200 car parking lots and 1,100 motorcycle spaces. Market position as a secondary CBD mall benefits from high accessibility via major traffic junctions, but faces competition from prime venues like Grand Indonesia. As of December 2024, occupancy stands at 26.9 percent due to renovations, below Jakartas average of 77.1 percent in Q1 2025, with annual footfall at 2.7 million visitors. Leasing advantages include strategic CBD exposure to office workers and students, modern post-renovation facilities enhancing appeal, and potential for rent reversion in a market where Jakarta mall rents rose 0.5 percent in Q2 2025. However, challenges involve ongoing construction disruptions, heavy traffic congestion, and market saturation in fashion and F\u0026B categories. Appraised value is 72.9 million SGD, with land lease until 2054 under ABS 1 scheme.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Cinépolis, Foodmart, Oh! Some&quot;,&quot;distance&quot;:6.53,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;117&quot;,&quot;gla_sqm&quot;:&quot;66640&quot;,&quot;anchor_tenants&quot;:&quot;Cinépolis, Foodmart, Oh! Some&quot;}},{&quot;id&quot;:1772,&quot;slug&quot;:&quot;ratu-plaza&quot;,&quot;name&quot;:&quot;Ratu Plaza&quot;,&quot;lat&quot;:&quot;-6.2264834&quot;,&quot;lng&quot;:&quot;106.8009711&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Ratu Plaza, located at Jl. Jenderal Sudirman Kav. 9 in South Jakarta&#39;s Kebayoran Baru district, is a mixed-use development opened in 1980 as one of Indonesia&#39;s first upscale malls, combining retail, office, and residential components. The retail section spans approximately 20,000 square meters across multiple levels, featuring a niche tenant mix dominated by electronics, IT products, computer stores, video games, cameras, and mobile accessories, with some food outlets and services. It attracts tech-savvy shoppers, including expatriates and local middle-class professionals from the surrounding business and residential areas. In Jakarta&#39;s competitive retail landscape, Ratu Plaza holds a specialized position as an IT hub alternative to crowded markets like Mangga Dua, benefiting from proximity to major roads and MRT access for improved connectivity. Occupancy rates align with city averages around 74% as of 2024-2025, supported by stable demand in the electronics category despite overall market recovery post-pandemic. Rent levels for retail spaces typically range from IDR 250,000 to 350,000 per square meter per month, lower than premium malls due to its mid-tier positioning and aging infrastructure. Advantages include targeted footfall from tech enthusiasts, potentially lower entry costs for niche retailers, and integration with office spaces drawing weekday traffic. However, challenges encompass outdated design with confusing layouts, reports of dimly lit areas and vacant units, competition from modern e-commerce and upscale malls like Pacific Place nearby, and reputational risks from past associations with counterfeit goods. Market factors such as South Jakarta&#39;s affluent demographics (household incomes above IDR 20 million monthly) and growing digital retail saturation underscore the need for revitalization to sustain performance. Overall, it offers practical leasing for budget-conscious tech retailers but requires caution regarding maintenance and category-specific risks.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Lotte Mart, Electronics Stores&quot;,&quot;distance&quot;:7.18,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;58084&quot;,&quot;anchor_tenants&quot;:&quot;Lotte Mart, Electronics Stores&quot;}},{&quot;id&quot;:3359,&quot;slug&quot;:&quot;m-bloc-space&quot;,&quot;name&quot;:&quot;M Bloc Space&quot;,&quot;lat&quot;:&quot;-6.2468&quot;,&quot;lng&quot;:&quot;106.8012&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;M Bloc Space is a revitalized creative and lifestyle complex in the Blok M area of South Jakarta, Indonesia, transformed from an abandoned site into a multi-functional hub since 2019. Spanning communal areas, shophouses, and event spaces, it emphasizes youth culture, art, and local entrepreneurship with over 200 tenants including trendy cafes, street food vendors, fashion outlets, music venues, and art galleries. The property underwent significant upgrades in 2025, including expanded entrances, disability-friendly facilities, pedestrian canopies, and rebranded zones like Melting Pop for exhibitions and performances. Located near the MRT station and TransJakarta bus routes, it prioritizes public transport accessibility without on-site parking, operating cashless. In Jakarta&#39;s secondary retail market, it positions as a niche destination for experiential retail amid a recovering sector with overall mall occupancy at 81% for prime spaces but around 60% for secondary ones. Annual footfall reaches 2 million visitors, driven by events and social media appeal, with a 4.6 rating from 19,000 reviews. Tenant mix focuses on F\u0026B (40%), lifestyle and fashion (30%), and creative services (30%), attracting Gen Z and millennials in a demographic of urban young professionals with median income around IDR 10-15 million monthly. Leasing advantages include flexible terms for pop-ups and long-term spaces, supportive ecosystem for collaborations, and exposure to high-traffic youth events, though challenges involve traffic congestion, competition from e-commerce, and variable rent levels in a saturated South Jakarta market. Operational quality is enhanced by recent infrastructure improvements, but aging surrounding areas pose risks to sustained performance.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Melting Pop, M Bloc Live House, Various F\u0026B and Retail&quot;,&quot;distance&quot;:9.43,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;200&quot;,&quot;gla_sqm&quot;:&quot;7000&quot;,&quot;anchor_tenants&quot;:&quot;Melting Pop, M Bloc Live House, Various F\u0026B and Retail&quot;}},{&quot;id&quot;:1776,&quot;slug&quot;:&quot;la-piazza&quot;,&quot;name&quot;:&quot;La Piazza&quot;,&quot;lat&quot;:&quot;-6.1585&quot;,&quot;lng&quot;:&quot;106.9082&quot;,&quot;property_type&quot;:&quot;Entertainment&quot;,&quot;description&quot;:&quot;La Piazza is a lifestyle center located in Sentra Kelapa Gading, North Jakarta, spanning 2 hectares of land with 20,000 square meters of built space. Opened in 2004 and renovated before reopening in May 2023, it integrates directly with Summarecon Mall Kelapa Gading, forming part of a larger commercial hub that includes Mall Kelapa Gading 1, 2, 3, and 5, as well as Gading Food City. The property emphasizes an open-air, semi-covered design focused on dining and entertainment, hosting over 60 tenants primarily in food and beverage categories, including restaurants, cafes, bars, lounges, karaoke facilities, a cinema, fitness center, and an international school. This tenant mix caters to casual leisure and social gatherings, complementing the adjacent malls retail offerings. In the context of Jakarta&#39;s retail market, where overall occupancy rates hovered around 74% in 2023 per Colliers reports, La Piazza benefits from its position in the affluent Kelapa Gading district, known for upper-middle-class families and young professionals. Footfall is driven by weekend events, music performances, and proximity to residential areas, with accessibility enhanced by LRT lines, TransJakarta bus routes, and ride-hailing services. Leasing advantages include flexible spaces for F\u0026B operators, lower entry barriers compared to enclosed malls, and synergy with high-traffic neighbors boosting spillover visitors. However, challenges include seasonal weather impacts on open areas and competition from nearby enclosed malls like Mall of Indonesia. Rent levels in similar North Jakarta lifestyle centers range from IDR 800,000 to 1,500,000 per square meter annually, influenced by location and tenant type, with operational quality maintained through recent upgrades. The areas demographic profile supports steady demand for experiential retail, though market saturation in F\u0026B requires strong differentiation.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta Utara&quot;},&quot;anchor_tenants&quot;:&quot;Celebrity Fitness, La Piazza XXI, Wall Street Institute, Surfer Girl, various restaurants and bars&quot;,&quot;distance&quot;:11.53,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;600&quot;,&quot;gla_sqm&quot;:&quot;20000&quot;,&quot;anchor_tenants&quot;:&quot;Celebrity Fitness, La Piazza XXI, Wall Street Institute, Surfer Girl, various restaurants and bars&quot;}},{&quot;id&quot;:4424,&quot;slug&quot;:&quot;mal-artha-gading-1&quot;,&quot;name&quot;:&quot;Mal Artha Gading&quot;,&quot;lat&quot;:&quot;-6.145576&quot;,&quot;lng&quot;:&quot;106.892242&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Mal Artha Gading is a mid-tier shopping center in Kelapa Gading, North Jakarta, spanning 270,000 square meters with approximately 100,000 square meters of net lettable area. Opened in 2004, it features a unique architectural design inspired by the Silk Road, incorporating seven themed atriums representing Nusantara, China, India, Persia, Italy, Paris, and Millennium. The tenant mix includes over 400 outlets across diverse categories such as fashion (Matahari, Uniqlo, Giordano), electronics (Electronic City), beauty, F\u0026B, supermarket, entertainment (Cinema XXI, bowling, futsal), education, and toys, catering to everyday needs and family-oriented shopping. In the competitive North Jakarta retail market, it holds a moderate position with annual footfall of 12 million visitors and a 2.5-hour average dwell time, supported by 2,000 parking spaces and good public transit access via major roads and buses. The primary catchment area within 5 km encompasses 1.2 million residents, primarily middle-income households with median monthly income of IDR 12.5 million and average age of 30, including families and young professionals. Leasing advantages include flexible terms and average rents of IDR 500,000 per square meter monthly, which are competitive for mid-tier spaces amid Jakarta&#39;s overall retail stabilization at around 74-81% occupancy. However, challenges include aging infrastructure requiring potential maintenance and high competition from nearby premium malls like Summarecon Mall Kelapa Gading (91% occupancy) and Mall of Indonesia, alongside e-commerce pressures with 74% internet penetration in the area.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Sogo, ACE Hardware, CGV Cinemas&quot;,&quot;distance&quot;:9.92,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;330&quot;,&quot;gla_sqm&quot;:&quot;100000&quot;,&quot;anchor_tenants&quot;:&quot;Sogo, ACE Hardware, CGV Cinemas&quot;}},{&quot;id&quot;:4908,&quot;slug&quot;:&quot;citywalk-sudirman&quot;,&quot;name&quot;:&quot;Citywalk Sudirman&quot;,&quot;lat&quot;:&quot;-6.20887&quot;,&quot;lng&quot;:&quot;106.81872&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Citywalk Sudirman is a compact lifestyle retail destination in the Sudirman central business district of Jakarta, Indonesia, integrated within a mixed-use development that includes residential Citylofts and office spaces. Spanning four floors with a gross leasable area estimated at around 20,000 square meters, it prioritizes food and beverage outlets, casual dining, and essential retail over traditional department store formats. The tenant mix features over 50 F\u0026B establishments, including international brands like Burger King, Starbucks, Sushi Tei, Shaburi, and local options such as Sate Khas Senayan, Imperial Lamien, and Mie Pho Vietnam, alongside a supermarket, beauty stores, bookstores, and apparel bazaars. This configuration appeals to quick-service and social dining needs. Located near MRT Setiabudi Astra station and Tanah Abang commuter rail, it enjoys strong accessibility for the 1.5 million daily commuters in the area. In Jakarta&#39;s retail landscape, with citywide occupancy at 75-77% and recovering footfall to pre-pandemic levels of approximately 80% capacity, Citywalk Sudirman positions as a niche venue for affluent demographics amid a market of 3.1 million sqm total stock. Leasing opportunities benefit from stable weekday traffic from nearby corporate towers housing multinationals, lower competition intensity compared to mega-malls, and flexible spaces for pop-ups or experiential retail. Drawbacks include heavy reliance on F\u0026B category, which faces saturation with 20% of Jakarta mall space dedicated to dining, potential footfall limitations due to smaller scale (estimated 5,000-10,000 daily visitors), and vulnerability to office vacancy rates currently at 15% in CBD. Rent levels in prime Sudirman locations range from IDR 800,000 to 1,500,000 per sqm per month, offering competitive entry for mid-tier tenants but requiring strong operational efficiency to counter e-commerce encroachment and economic volatility.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Starbucks, Sate Khas Senayan, Sushi Tei, The Body Shop&quot;,&quot;distance&quot;:5.46,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;10000&quot;,&quot;anchor_tenants&quot;:&quot;Starbucks, Sate Khas Senayan, Sushi Tei, The Body Shop&quot;}},{&quot;id&quot;:4757,&quot;slug&quot;:&quot;mall-ofi&quot;,&quot;name&quot;:&quot;Mall @Ofi&quot;,&quot;lat&quot;:&quot;-6.1511&quot;,&quot;lng&quot;:&quot;106.8922&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Mall @Ofi in North Jakarta Kelapa Gading district along Jl. Raya Boulevard Barat opened in 2008 under Agung Sedayu Group ownership spans 120000 sqm GLA across 5 levels with over 250 tenants. Tenant mix comprises 30 percent fashion including H and M Adidas Uniqlo 40 percent food and beverage such as Carrefour A and W local eateries and 20 percent entertainment like Flix Cinema Moiland Fun World. Anchors bolster 12 million annual footfall 95 percent occupancy exceeding Jakarta average of 73.8 to 77.3 percent. Primary 5 km catchment serves 100000 residents median age 30 household size 3.8 30 percent tertiary education median income IDR 15 to 20 million monthly targeting middle to upper middle families young professionals expatriates. Secondary 10 km area reaches 2.5 million. Accessibility via 1 km MRT proximity main roads but peak congestion challenges persist. Market position strong in premium North Jakarta retail amid saturation strengths in family lifestyle categories loyalty program 50 annual events but drawbacks include aging infrastructure e commerce pressures 40 percent click and collect adoption. Leasing advantages feature 3 to 5 year terms rent free periods co tenancy clauses 5000 to 6000 sqm available space base rents IDR 350000 to 450000 per sqm monthly plus 10 to 15 percent turnover IDR 50000 service charge 0.5 percent projected growth.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Carrefour,Uniqlo,Flix Cinema&quot;,&quot;distance&quot;:9.83,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;250&quot;,&quot;gla_sqm&quot;:&quot;120000&quot;,&quot;anchor_tenants&quot;:&quot;Carrefour,Uniqlo,Flix Cinema&quot;}},{&quot;id&quot;:2108,&quot;slug&quot;:&quot;fx-sudirman&quot;,&quot;name&quot;:&quot;Fx Sudirman&quot;,&quot;lat&quot;:&quot;-6.22444&quot;,&quot;lng&quot;:&quot;106.80389&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;FX Sudirman is a mixed-use development in Jakartas Sudirman Central Business District, opened in 2008, spanning approximately 50,000 square meters of retail space across six floors. It integrates shopping, dining, entertainment, and office components, attracting a daily footfall of around 15,000-20,000 visitors, primarily office workers from nearby skyscrapers like Wisma 46 and the Sudirman financial hub. The tenant mix emphasizes mid-tier fashion brands such as Zara, Uniqlo, and local labels, alongside a strong food and beverage segment with over 50 outlets including international chains like Starbucks and local eateries, plus a 21 Cinemas multiplex and Hero Supermarket as an anchor. Market position is solid within the premium CBD retail landscape, benefiting from proximity to high-income demographics and integration with the MRT Sudirman station for improved accessibility since 2019. Occupancy rates hover at 90-95 percent, supported by annual sales per square meter of about IDR 10-12 million, though challenged by Jakarta&#39;s intense traffic congestion and competition from upscale neighbors like Pacific Place and Plaza Indonesia. Leasing advantages include flexible spaces from 50 to 1,000 square meters, turnkey fit-outs for quick openings, and promotional synergies with office tenants, but drawbacks involve seasonal dips during rainy seasons affecting pedestrian traffic and higher operational costs due to urban density. Overall, it suits retailers targeting young professionals aged 25-40 with disposable incomes above IDR 15 million monthly, offering stable visibility in a saturated market.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Cinemaxx, JKT48 Theater, Fashion and Food Outlets&quot;,&quot;distance&quot;:6.94,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;35000&quot;,&quot;anchor_tenants&quot;:&quot;Cinemaxx, JKT48 Theater, Fashion and Food Outlets&quot;}},{&quot;id&quot;:3729,&quot;slug&quot;:&quot;the-park-pejaten&quot;,&quot;name&quot;:&quot;The Park Pejaten&quot;,&quot;lat&quot;:&quot;-6.2805&quot;,&quot;lng&quot;:&quot;106.829&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;The Park Pejaten is a mid-tier retail center in Pasar Minggu, South Jakarta, spanning 56,000 sqm GLA over six retail floors and two basement parking levels for 2,000 vehicles. Opened in 1991 and recently renovated in 2023 by NWP Property following its 2020 acquisition, the mall hosts 165 stores with eight anchors including Matahari Department Store, Hypermart, Ace Hardware, and Cinépolis cinema. Tenant mix emphasizes family-oriented retail with fashion outlets, F\u0026B at Kemiri dining area, entertainment like Waka-Waka Games, and lifestyle brands such as Gramedia bookstore and Fitness First gym. New additions like the 24-hour Don Don Donki store in 2025 bolster international appeal. Situated in a mature middle to upper-middle class residential neighborhood, it serves local families and benefits from TransJakarta Corridor 6 accessibility and high-visibility intersection location. In Jakartas retail landscape, where Q1 2025 occupancy averages 73.8% citywide and premium malls near 90%, this property maintains strong performance post-renovation, aiming for 50% footfall increase from COVID lows. Leasing advantages include diverse category balance and casual leasing in atrium and outdoor F\u0026B zones, with rents in South Jakarta premium segment typically IDR 500,000-1,000,000 per sqm annually. Drawbacks involve past 2018 fire recovery and market saturation risks.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Matahari Department Store, Hypermart, Ace Hardware, Cinépolis, Don Don Donki&quot;,&quot;distance&quot;:13.46,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;200&quot;,&quot;gla_sqm&quot;:&quot;56000&quot;,&quot;anchor_tenants&quot;:&quot;Matahari Department Store, Hypermart, Ace Hardware, Cinépolis, Don Don Donki&quot;}},{&quot;id&quot;:2615,&quot;slug&quot;:&quot;mall-cipinang-indah&quot;,&quot;name&quot;:&quot;Mall Cipinang Indah&quot;,&quot;lat&quot;:&quot;-6.2389&quot;,&quot;lng&quot;:&quot;106.894&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;Mall Cipinang Indah is a neighborhood shopping center located in Duren Sawit, East Jakarta, along Jl. Raya Kalimalang No. 18. Opened in 2013, it spans approximately 22,000 square meters of gross leasable area across five floors, integrated within the Cipinang Indah Superblock that includes residential and office components. The property targets middle-income families and local residents, offering a balanced tenant mix across 10 categories including fashion, food and beverage, entertainment, gadgets, and services. Key anchors include a supermarket, cinema, and food court, supporting daily necessities and leisure activities. Accessibility is facilitated by proximity to major roads, ample parking for over 500 vehicles, public transport options, and facilities like EV charging stations and prayer rooms. In the broader Jakarta retail market, which recorded an average occupancy of 74% in Q3 2025 per Colliers reports, this mid-tier mall benefits from stable demand in East Jakarta, where population density exceeds 16,000 per square kilometer and regional minimum wage stands at IDR 5.4 million. Leasing advantages include competitive rental rates estimated at IDR 600,000 to 800,000 per square meter annually for similar properties, flexible lease terms amid market saturation, and opportunities in underperforming categories like lifestyle retail. However, challenges encompass Jakarta&#39;s chronic traffic congestion impacting footfall, aging infrastructure in surrounding areas, and competition from larger regional malls like Grand Indonesia or nearby Ciputra Mall. Overall, the mall maintains operational quality with events and community programs to drive visitation, though footfall metrics are not publicly detailed, estimated at moderate levels for neighborhood centers around 5,000-10,000 daily visitors based on similar venues.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Ace Hardware, XXI Cinema, Selma, Electronic City, Azko&quot;,&quot;distance&quot;:13.12,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;20000&quot;,&quot;anchor_tenants&quot;:&quot;Ace Hardware, XXI Cinema, Selma, Electronic City, Azko&quot;}},{&quot;id&quot;:2090,&quot;slug&quot;:&quot;thamrin-city&quot;,&quot;name&quot;:&quot;Thamrin City&quot;,&quot;lat&quot;:&quot;-6.210624&quot;,&quot;lng&quot;:&quot;106.816506&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Thamrin City is a 36,000 square meter retail facility in Central Jakarta business district, developed by PT Agung Podomoro Land and opened in 2010 as part of a mixed-use superblock that includes apartments, hotels, and office spaces. The property features seven floors dedicated to specialty retail, with distinct zones for batik products from across Indonesia, Muslim fashion and accessories, traditional weaving textiles, and supplies for Hajj and Umrah pilgrims. Anchor tenants comprise Hypermart supermarket for groceries, Gold Gym for fitness services, multiple bank branches, and a variety of food and beverage outlets concentrated in the Thamrin Terrace area. This tenant mix targets affordable, culturally relevant merchandise, appealing to local traders, middle-income families, and budget tourists seeking authentic Indonesian souvenirs without premium pricing. Positioned on Jl. Thamrin Boulevard adjacent to the Bundaran HI roundabout, the mall enjoys prime visibility and connectivity via the MRT North-South line, buses, and major highways, facilitating access for commuters from across the metropolis. In the broader Jakarta retail landscape, average occupancy rates reached 96 percent in 2023 per Knight Frank reports, with citywide rents averaging IDR 564,111 per square meter per month in the first half of 2024 according to Colliers. Leasing advantages include opportunities for niche operators in ethnic apparel and crafts, supported by steady footfall from the dense urban population of over 10 million in Greater Jakarta. However, challenges arise from intense competition with luxury destinations like Grand Indonesia and Plaza Indonesia nearby, as well as wholesale markets such as Tanah Abang that offer lower prices on similar goods. Recent revitalization efforts have upgraded facilities, yet some sections show signs of wear, and market saturation in textile categories combined with rising e-commerce penetration could pressure sales volumes. Demographic factors favor consistent traffic from office workers and residents in affluent adjacent areas like Menteng, though economic volatility and traffic congestion may impact operational efficiency.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Hypermart, Matahari Department Store, Gramedia, ACE Hardware, Gold&#39;s Gym&quot;,&quot;distance&quot;:5.58,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;500&quot;,&quot;gla_sqm&quot;:&quot;36000&quot;,&quot;anchor_tenants&quot;:&quot;Hypermart, Matahari Department Store, Gramedia, ACE Hardware, Gold&#39;s Gym&quot;}},{&quot;id&quot;:2092,&quot;slug&quot;:&quot;epicentrum-walk&quot;,&quot;name&quot;:&quot;Epicentrum Walk&quot;,&quot;lat&quot;:&quot;-6.2193&quot;,&quot;lng&quot;:&quot;106.835&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Epicentrum Walk, commonly referred to as Epiwalk, is a lifestyle-oriented retail center covering about 6,000 sqm in the Rasuna Epicentrum precinct of Kuningan, South Jakarta. Positioned within the Central Business District (CBD), it serves as a convenient destination for office workers and nearby affluent residents. Launched in late 2023, the mall incorporates innovative zoning with indoor, semi-outdoor, and outdoor areas that integrate natural elements and urban design to foster a relaxed shopping atmosphere. Tenant mix comprises approximately 36 retail outlets specializing in fashion and cosmetics from both local and global brands, 25 food and beverage establishments offering diverse cuisines from casual to premium, and 6 specialty services, anchored by XXI Cinema for entertainment. This configuration targets everyday needs and leisure, differentiating from larger departmental store-heavy malls. In Jakarta&#39;s competitive retail landscape, Epiwalk benefits from its compact scale allowing agile leasing and events, but faces hurdles as a newcomer with reported low initial footfall and ongoing renovations to optimize tenancy per Cushman \u0026 Wakefield reports. Accessibility via Jl. HR. Rasuna Said is robust, supported by TransJakarta buses, taxi stands, and proximity to MRT stations, though Jakarta&#39;s traffic remains a constraint. Prime CBD rents average Rp 1,001,000 per sqm per month, with citywide occupancy at 78.1% in Q3 2024, indicating stable but pressured demand amid e-commerce growth and economic factors. Leasing appeals to smaller retailers seeking visibility in high-income areas, yet saturation in dining categories and competition from established venues like Pacific Place present risks to performance.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta Selatan&quot;},&quot;anchor_tenants&quot;:&quot;Cinema XXI, Various Dining&quot;,&quot;distance&quot;:7.23,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;14480&quot;,&quot;anchor_tenants&quot;:&quot;Cinema XXI, Various Dining&quot;}},{&quot;id&quot;:4053,&quot;slug&quot;:&quot;summarecon-mall-kelapa-gading&quot;,&quot;name&quot;:&quot;Summarecon Mall Kelapa Gading&quot;,&quot;lat&quot;:&quot;-6.157284&quot;,&quot;lng&quot;:&quot;106.908447&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Summarecon Mall Kelapa Gading is a major retail complex in North Jakarta, Indonesia, with a total area of approximately 208,000 square meters and gross leasable area of 133,000 square meters. Opened in phases since 1991, it serves as a key shopping and entertainment destination in the Kelapa Gading business district, integrated within the Summarecon township. The mall features a diverse tenant mix including fashion retailers like Tommy Hilfiger, Adidas, and ALDO; department stores such as Sogo; food and beverage outlets like A\u0026W, Chatime, and J.co Donuts; entertainment options including Fun World; and health and beauty services. With around 550 tenants, it caters to middle to upper-middle class families and professionals. Market position as a leader in Greater Jakarta benefits from strong occupancy at 91 percent in 2024, supported by annual footfall of 32 million visitors, up from 28 million in 2023. Leasing advantages include stable base rents at Rp 325,000 per square meter per month and turnover rents at Rp 111,000, reflecting robust sales performance in a market where premium malls maintain high occupancy near 90 percent amid overall Jakarta retail rates of 74 to 80 percent. Accessibility via Boulevard Barat Raya provides good connectivity to residential areas, though traffic congestion in North Jakarta poses challenges. The tenant mix emphasizes family-oriented retail, with strong F\u0026B and lifestyle categories driving performance, but faces risks from market saturation and competition from nearby centers like La Piazza and Mall of Indonesia.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta Utara&quot;},&quot;anchor_tenants&quot;:&quot;Matahari, Transmart, Ace Hardware&quot;,&quot;distance&quot;:11.56,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;550&quot;,&quot;gla_sqm&quot;:&quot;150000&quot;,&quot;anchor_tenants&quot;:&quot;Matahari, Transmart, Ace Hardware&quot;}},{&quot;id&quot;:1446,&quot;slug&quot;:&quot;mal-kelapa-gading&quot;,&quot;name&quot;:&quot;Mal Kelapa Gading&quot;,&quot;lat&quot;:&quot;-6.157284&quot;,&quot;lng&quot;:&quot;106.908447&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;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.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Sogo Department Store, Transmart, Cinema XXI, Timezone&quot;,&quot;distance&quot;:11.56,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;350&quot;,&quot;gla_sqm&quot;:&quot;130000&quot;,&quot;anchor_tenants&quot;:&quot;Sogo Department Store, Transmart, Cinema XXI, Timezone&quot;}},{&quot;id&quot;:1778,&quot;slug&quot;:&quot;lippo-mall-tanah-abang&quot;,&quot;name&quot;:&quot;Lippo Mall Tanah Abang&quot;,&quot;lat&quot;:&quot;-6.2088&quot;,&quot;lng&quot;:&quot;106.8196&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Lippo Mall Tanah Abang, situated at Jl. Tanah Abang Timur No. 1 in central Jakarta, operates as a regional shopping center established in 2015 under Lippo Group management. Spanning approximately 60,000 sqm of gross leasable area, it caters to the vibrant Tanah Abang district, adjacent to the renowned traditional textile market. The tenant mix emphasizes everyday retail with anchors including Hypermart for groceries, international fashion brands like Uniqlo and H\u0026M, entertainment via Cinema XXI, and a variety of dining and home decor options. Accessibility is facilitated by proximity to Tanah Abang railway station, major bus routes, and the inner ring road, though traffic congestion remains a common issue in this densely populated area. With 1,500 parking spaces, it accommodates vehicle traffic but encourages public transport use. In Jakarta&#39;s retail landscape, as outlined in Cushman \u0026 Wakefield&#39;s Q3 2025 report, the market exhibits 77.3% overall occupancy and stable rents around Rp 808,500 per sqm per month. This mall holds a secondary market position, appealing to middle-class locals with household incomes of Rp 10-20 million monthly. Leasing advantages encompass flexible terms, potential footfall exceeding 1 million annually from local demographics, and synergies with nearby traditional trading. Drawbacks include competition from premium CBD malls like Plaza Indonesia and saturation in apparel sectors, alongside operational challenges such as aging facilities requiring maintenance and vulnerability to economic fluctuations impacting discretionary spending. Market factors like rising e-commerce penetration and post-pandemic recovery influence performance, with footfall recovering to pre-2020 levels per Colliers insights.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Hypermart, Cinema XXI, Uniqlo, H\u0026M&quot;,&quot;distance&quot;:5.48,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;180&quot;,&quot;gla_sqm&quot;:&quot;60000&quot;,&quot;anchor_tenants&quot;:&quot;Hypermart, Cinema XXI, Uniqlo, H\u0026M&quot;}},{&quot;id&quot;:5316,&quot;slug&quot;:&quot;larissa-mall&quot;,&quot;name&quot;:&quot;Larissa Mall&quot;,&quot;lat&quot;:&quot;-6.2196601&quot;,&quot;lng&quot;:&quot;106.8143256&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Larissa Mall, located in West Jakarta, Indonesia, is a mid-sized shopping center spanning approximately 50,000 square meters across three levels, opened in 2015. It serves as a community-oriented retail hub targeting middle-income residents in the surrounding urban and suburban areas. The property features a diverse tenant mix including local and international fashion retailers such as H\u0026M, Uniqlo, and Indonesian brands like The Executive, alongside food and beverage outlets comprising 30% of the space with chains like McDonald&#39;s, Starbucks, and local eateries offering Indonesian cuisine. Entertainment options include a cinema multiplex and family play areas, contributing to its appeal for casual shopping and leisure. In the competitive Jakarta retail market, Larissa Mall holds a moderate position, with occupancy rates averaging 85-90% as per 2023 commercial real estate reports from Colliers International. Rent levels range from IDR 500,000 to 800,000 per square meter annually, competitive for secondary locations but lower than premium malls like Grand Indonesia. Accessibility is facilitated by proximity to major roads like Jalan Daan Mogot, though heavy traffic congestion during peak hours poses challenges. The mall benefits from a growing local population, with Jakarta&#39;s retail sector projected to expand at 5-7% annually through 2025 according to Knight Frank reports. Leasing advantages include flexible terms for smaller retailers, co-tenancy clauses with anchor tenants, and marketing support from the management. However, drawbacks include vulnerability to e-commerce competition and occasional infrastructure maintenance issues typical of mid-tier properties in densely populated areas. Overall, it offers balanced opportunities for retailers focusing on everyday essentials and affordable lifestyle products, supported by steady footfall of around 10,000-15,000 daily visitors on weekdays, rising to 25,000 on weekends based on industry benchmarks.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Carrefour, Zara, H\u0026M, Cinema XXI&quot;,&quot;distance&quot;:6.51,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;40000&quot;,&quot;anchor_tenants&quot;:&quot;Carrefour, Zara, H\u0026M, Cinema XXI&quot;}},{&quot;id&quot;:2605,&quot;slug&quot;:&quot;lippo-mall-east-side&quot;,&quot;name&quot;:&quot;Lippo Mall East Side&quot;,&quot;lat&quot;:&quot;-6.159&quot;,&quot;lng&quot;:&quot;106.87&quot;,&quot;property_type&quot;:null,&quot;description&quot;:&quot;Lippo Mall East Side, situated in Cempaka Putih, Central Jakarta, at Jl. Jenderal Achmad Yani near the Coca-Cola intersection, serves as a strategic retail hub at the borders of Central, East, and North Jakarta. Developed by Lippo Karawaci Tbk within the Holland Village mixed-use complex, it opened in 2024 with 44,000 sqm total area, including 40,000 sqm retail space. The broader development spans 322,585 sqm gross floor area, incorporating two apartment towers exceeding 516 units, an office tower with over 172 units, and a 14-floor Siloam Hospital. Parking facilities cover 16,000 sqm accommodating 2,400 vehicles. The tenant mix focuses on family-oriented offerings, featuring hypermarkets, department stores, entertainment zones, and extensive food and beverage options to attract diverse shoppers. Market position leverages an underserved locale with no existing malls in Cempaka Putih, drawing from a broad catchment of urban middle-class residents. Leasing advantages encompass competitive rental structures in a recovering market, where Jakarta mall rents increased 0.5% quarter-on-quarter in Q2 2025, averaging IDR 1,000-1,500 per sqm monthly for prime spaces. Portfolio-wide occupancy for Lippo Malls reached 84.1% in mid-2025, though city-wide figures stood at 77.3% in Q3 2025, reflecting cautious expansion. Accessibility benefits from major arterial roads and proximity to toll gates, yet Jakarta traffic poses operational risks. Footfall potential mirrors similar properties at 5-10 million annual visitors, supported by integrated residential and office synergies, but new developments face initial ramp-up challenges amid e-commerce pressures and economic fluctuations.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;200&quot;,&quot;distance&quot;:7.3,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;45000&quot;,&quot;anchor_tenants&quot;:&quot;200&quot;}},{&quot;id&quot;:4056,&quot;slug&quot;:&quot;gafoy&quot;,&quot;name&quot;:&quot;Gafoy&quot;,&quot;lat&quot;:&quot;-6.178&quot;,&quot;lng&quot;:&quot;106.902&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;GAFOY is a 8,500 square meter semi-outdoor lifestyle and culinary hub integrated into the Summarecon Mall Kelapa Gading complex in Kelapa Gading, North Jakarta. Launched in March 2024, it hosts 22 tenants, predominantly food and beverage outlets including Osteria Gia, Fujin Ramen, and Mamitoko, emphasizing experiential dining and hangout spaces for families and young adults. The parent Summarecon Mall Kelapa Gading spans 150,000 square meters gross floor area with 112,000 square meters lettable, achieving 96% occupancy as reported in 2024 company data, and positions as a market leader among Greater Jakarta family malls. Tenant mix across the complex balances retail anchors, entertainment like cinemas, and diverse dining, catering to upper-middle-class demographics in the affluent township. Average rents hover at Rp 340,000 per square meter per month, aligning with middle-upper segment benchmarks in Jakarta&#39;s recovering retail market, where overall occupancy averages 90% per Colliers Q3 2025 report. Leasing advantages include high footfall from the established mall&#39;s draw, estimated in the millions annually, and enhanced connectivity via a July 2025 pedestrian bridge to the LRT Boulevard Utara Summarecon Mall station, boosting public transit access. Operational quality benefits from Summarecon Agung&#39;s management expertise, with pet-friendly features adding appeal. Challenges encompass intense competition from nearby venues like Mall of Indonesia, traffic congestion limiting drive-in traffic, and category saturation in F\u0026B, which may pressure non-unique retailers amid economic sensitivities.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta Utara&quot;},&quot;anchor_tenants&quot;:&quot;Osteria Gia, The RR Chocolate, Artirasa, Chanba, Fujin Izakaya&quot;,&quot;distance&quot;:10.98,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;8500&quot;,&quot;anchor_tenants&quot;:&quot;Osteria Gia, The RR Chocolate, Artirasa, Chanba, Fujin Izakaya&quot;}},{&quot;id&quot;:1441,&quot;slug&quot;:&quot;pondok-indah-mall&quot;,&quot;name&quot;:&quot;Pondok Indah Mall&quot;,&quot;lat&quot;:&quot;-6.265708&quot;,&quot;lng&quot;:&quot;106.7843&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;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%).&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Metro Department Store, Hero Supermarket, Sogo, Seibu, Uniqlo, Cinema XXI&quot;,&quot;distance&quot;:11.74,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;600&quot;,&quot;gla_sqm&quot;:&quot;180000&quot;,&quot;anchor_tenants&quot;:&quot;Metro Department Store, Hero Supermarket, Sogo, Seibu, Uniqlo, Cinema XXI&quot;}},{&quot;id&quot;:1773,&quot;slug&quot;:&quot;plaza-semanggi&quot;,&quot;name&quot;:&quot;Plaza Semanggi&quot;,&quot;lat&quot;:&quot;-6.2231&quot;,&quot;lng&quot;:&quot;106.8192&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Plaza Semanggi is a mixed-use property in Jakartas Golden Triangle CBD at Jl. Jenderal Sudirman Kav. 50, South Jakarta, completed in 2003 with 66,640 sqm NLA across seven retail levels and two basements, plus office space. It features 117 tenants in a diverse mix emphasizing entertainment, F\u0026B, fashion, and daily essentials, anchored by Cinepolis cinema and Foodmart supermarket, alongside Balai Sarbini theater. Annual footfall reaches 2.7 million, drawing from office workers, students at adjacent Atmajaya University, and affluent locals. Accessibility includes 1,200 car and 1,100 motorcycle parking spots, Semanggi interchange connectivity for major traffic flows, and proximity to MRT and TransJakarta. Occupancy stands at 26.9% as of December 2024, well below Jakartas 74.7% average, reflecting challenges like market saturation and pre-renovation conditions; interior upgrades are underway to enhance shopper experience. The propertys CBD position offers visibility and potential traffic from business districts, with leasing advantages in negotiable terms due to low occupancy. However, drawbacks include moderate footfall compared to prime peers, aging infrastructure, and intense competition from nearby Pacific Place, Senayan City, and Plaza Senayan, which dominate luxury and high-traffic segments. Retail rents in the area average IDR 800,000-1,200,000 per sqm per year, influenced by economic recovery and e-commerce pressures on physical retail. Operational quality varies, with strengths in location but weaknesses in tenant diversity for emerging categories like experiential retail.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Cinépolis, Foodmart, Oh! Some, Balai Sarbini&quot;,&quot;distance&quot;:7.0,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;57917&quot;,&quot;anchor_tenants&quot;:&quot;Cinépolis, Foodmart, Oh! Some, Balai Sarbini&quot;}},{&quot;id&quot;:5312,&quot;slug&quot;:&quot;mega-grosir-pantai-indah-kapuk&quot;,&quot;name&quot;:&quot;Mega Grosir Pantai Indah Kapuk&quot;,&quot;lat&quot;:&quot;-6.1091303&quot;,&quot;lng&quot;:&quot;106.7399855&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Mega Grosir Pantai Indah Kapuk functions as a wholesale retail hub in the premium Pantai Indah Kapuk district of North Jakarta, covering roughly 25,000 square meters with over 150 vendor stalls and shops. It specializes in bulk sales of clothing, accessories, home goods, and electronics, attracting small business owners and resellers from greater Jakarta. The tenant mix comprises 70% local wholesalers, 20% branded outlets, and 10% food and beverage vendors, creating a vibrant but utilitarian atmosphere distinct from upscale neighbors like PIK Avenue. Positioned within the expanding PIK township, it leverages proximity to affluent residential areas, contributing to steady wholesale demand amid Jakarta retail recovery. Leasing opportunities feature competitive rents of IDR 200,000 to 350,000 per square meter annually, lower than central district averages, with flexible short-term options suitable for seasonal traders. Occupancy hovers at 80-85%, aligned with North Jakarta trends per JLL reports, supported by post-pandemic footfall rebound to 5,000-8,000 daily visitors. Accessibility benefits from direct toll road links, though traffic congestion and coastal flooding risks during monsoons present operational challenges. Demographic draw includes middle-income households (IDR 12-25 million monthly earnings) from PIK and Pluit, fostering reliable traffic but exposing to e-commerce competition and category weaknesses in high-end fashion. Overall, it offers cost-effective entry for budget retailers while navigating market saturation in traditional grosir formats.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Market Hall, Supermarkets&quot;,&quot;distance&quot;:9.2,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;3062&quot;,&quot;anchor_tenants&quot;:&quot;Market Hall, Supermarkets&quot;}},{&quot;id&quot;:5226,&quot;slug&quot;:&quot;la-piazza-mall&quot;,&quot;name&quot;:&quot;La Piazza Mall&quot;,&quot;lat&quot;:&quot;-6.1592374&quot;,&quot;lng&quot;:&quot;106.9071621&quot;,&quot;property_type&quot;:&quot;Entertainment&quot;,&quot;description&quot;:&quot;La Piazza is an open-air lifestyle center located in Sentra Kelapa Gading, North Jakarta, at Jl. Boulevard Raya Blok M, integrated with Summarecon Mall Kelapa Gading complex. Covering 20,000 square meters of built space and 150,000 square meters gross leasable area across three levels, it accommodates over 60 tenants primarily in food and beverage, entertainment, and leisure sectors. Established in 2004 and renovated in 2023, anchor tenants include Celebrity Fitness, La Piazza XXI cinema, and various international dining outlets. The tenant mix prioritizes casual dining, cafes, bars, karaoke facilities, and fitness centers, differentiating from the adjacent enclosed malls focus on fashion and general retail. Positioned in the affluent Kelapa Gading district, it draws from upper-middle-income demographics with household incomes ranging IDR 20-50 million monthly. Occupancy rate is 93 percent, with 5,000 square meters available for lease. Annual footfall reaches 10 million visitors, supported by weekend events and proximity to residential towers. Rent levels average IDR 800,000 per square meter monthly, with base rents at IDR 1,000,000 per square meter annually plus turnover provisions. Leasing advantages encompass flexible unit sizes for F\u0026B operators, high spillover traffic from neighboring high-traffic malls, and strong accessibility via public transport. Challenges include competition from enclosed retail venues and e-commerce growth, alongside weather vulnerabilities in open areas and traffic congestion during peak hours.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Celebrity Fitness, La Piazza XXI, Wall Street Institute, Surfer Girl&quot;,&quot;distance&quot;:11.41,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;600&quot;,&quot;gla_sqm&quot;:&quot;15000&quot;,&quot;anchor_tenants&quot;:&quot;Celebrity Fitness, La Piazza XXI, Wall Street Institute, Surfer Girl&quot;}},{&quot;id&quot;:1780,&quot;slug&quot;:&quot;blok-m-square&quot;,&quot;name&quot;:&quot;Blok M Square&quot;,&quot;lat&quot;:&quot;-6.2464&quot;,&quot;lng&quot;:&quot;106.8092&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Blok M Square is located in the Kebayoran Baru area of South Jakarta, Indonesia, at Jl. Melawai V, serving as a community-oriented trade mall developed by PT Melawai Jaya Realty as part of the rejuvenation of the traditional Blok M market. Opened in the early 1990s and spanning approximately 50,000 square meters of gross leasable area, it targets middle-income shoppers with a diversified tenant mix including electronics stores, mobile phone outlets, jewelry shops, apparel retailers, and a robust food and beverage section featuring chains like Pizza Hut, KFC, A\u0026W, and local eateries such as Es Teler 77. Anchored by a hypermarket (formerly Carrefour, now Transmart) and Cinema 21 multiplex, the mall attracts steady footfall from nearby residential neighborhoods, business districts, and commuters via the adjacent Blok M MRT station, benefiting from Jakarta&#39;s transit-oriented development initiatives. In the broader Jakarta retail market, where average occupancy stands at 74.7% as of 2024 per Colliers reports, Blok M Square maintains higher rates around 90-100% due to its localized appeal and strategic location, though it faces pressures from e-commerce growth and premium competitors. Leasing advantages include competitive mid-tier rents averaging IDR 600,000 to 800,000 per square meter annually, flexible terms for small-to-medium retailers, and strong local demographics with a population of over 2 million in South Jakarta featuring young professionals and families with household incomes of IDR 10-20 million monthly. However, challenges include aging infrastructure requiring periodic upgrades and intense competition from upscale malls like Plaza Senayan and Gandaria City, which draw higher-spending visitors. Overall, it offers balanced performance for value-oriented retail categories amid Jakarta&#39;s saturated market with 3.7 million square meters of retail space.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Carrefour, Cinema 21, Pizza Hut, KFC, A\u0026W&quot;,&quot;distance&quot;:9.4,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;8000&quot;,&quot;anchor_tenants&quot;:&quot;Carrefour, Cinema 21, Pizza Hut, KFC, A\u0026W&quot;}},{&quot;id&quot;:1771,&quot;slug&quot;:&quot;bintaro-plaza&quot;,&quot;name&quot;:&quot;Bintaro Plaza&quot;,&quot;lat&quot;:&quot;-6.27222&quot;,&quot;lng&quot;:&quot;106.74111&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Bintaro Plaza, situated in Bintaro Jaya Sektor 3A, Pondok Aren, Tangerang Selatan, is a longstanding three-floor retail center opened in 1993 by PT Jaya Real Property, covering about 18,820 square meters. Positioned in a master-planned community, it caters to middle-income families, young professionals, and residents from nearby Jakarta suburbs, benefiting from the areas growing population of over 1 million in South Tangerang. The tenant mix balances essentials and leisure, anchored by Cahaya Department Store on the ground floor, Gramedia bookstore on the second, and Cinema XXI with four theaters seating 778 on the top. Additional categories include fashion from local and international brands, beauty outlets, a supermarket, electronics shops, and public services such as a vehicle registration office and passport unit, adding non-retail footfall. Food and beverage options feature casual dining like Yoshinoya, Steak 21, Hanamasa, and Bakmi GM, alongside kids entertainment zones including Fun World and Kidzilla. Accessibility relies on car access via the Ulujami-Serpong toll road, with moderate public transport links; parking accommodates around 500 vehicles. Market reports indicate footfall of approximately 2.5 million visitors annually, driven by local loyalty, though occupancy stands at 85-90 percent amid regional retail saturation. Rent levels average IDR 500,000 to 700,000 per square meter yearly, offering value for mid-tier retailers. Leasing appeals through established traffic and flexible terms, but drawbacks include competition from newer, larger venues like Bintaro Jaya Xchange Mall and potential infrastructure upgrades needed for modern standards.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Tangerang Selatan&quot;},&quot;anchor_tenants&quot;:&quot;Farmers Market, Gramedia, Cinema XXI&quot;,&quot;distance&quot;:14.09,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;22500&quot;,&quot;anchor_tenants&quot;:&quot;Farmers Market, Gramedia, Cinema XXI&quot;}},{&quot;id&quot;:1775,&quot;slug&quot;:&quot;mal-artha-gading&quot;,&quot;name&quot;:&quot;Mal Artha Gading&quot;,&quot;lat&quot;:&quot;-6.145576&quot;,&quot;lng&quot;:&quot;106.892239&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Mal Artha Gading is a mid-tier shopping center in Kelapa Gading, North Jakarta, spanning 270,000 square meters with approximately 100,000 square meters of net lettable area. Opened in 2004, it features a unique architectural design inspired by the Silk Road, incorporating seven themed atriums representing Nusantara, China, India, Persia, Italy, Paris, and Millennium. The tenant mix includes over 400 outlets across diverse categories such as fashion (Matahari, Uniqlo, Giordano), electronics (Electronic City), beauty, F\u0026B, supermarket, entertainment (Cinema XXI, bowling, futsal), education, and toys, catering to everyday needs and family-oriented shopping. In the competitive North Jakarta retail market, it holds a moderate position with annual footfall of 12 million visitors and a 2.5-hour average dwell time, supported by 2,000 parking spaces and good public transit access via major roads and buses. The primary catchment area within 5 km encompasses 1.2 million residents, primarily middle-income households with median monthly income of IDR 12.5 million and average age of 30, including families and young professionals. Leasing advantages include flexible terms and average rents of IDR 500,000 per square meter monthly, which are competitive for mid-tier spaces amid Jakarta&#39;s overall retail stabilization at around 74-81% occupancy. However, challenges include aging infrastructure requiring potential maintenance and high competition from nearby premium malls like Summarecon Mall Kelapa Gading (91% occupancy) and Mall of Indonesia, alongside e-commerce pressures with 74% internet penetration in the area.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta Utara&quot;},&quot;anchor_tenants&quot;:&quot;Cinema XXI, ACE Hardware, Informa, Diamond Supermarket, Matahari Department Store&quot;,&quot;distance&quot;:9.92,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;330&quot;,&quot;gla_sqm&quot;:&quot;250000&quot;,&quot;anchor_tenants&quot;:&quot;Cinema XXI, ACE Hardware, Informa, Diamond Supermarket, Matahari Department Store&quot;}},{&quot;id&quot;:1480,&quot;slug&quot;:&quot;oia-mall&quot;,&quot;name&quot;:&quot;Oia Mall&quot;,&quot;lat&quot;:&quot;-6.22381&quot;,&quot;lng&quot;:&quot;106.87827&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;OIA Mall is a mid-sized retail center in Jakartas central business district, covering 45,000 square meters of gross leasable area. Established in 2012, it functions as a neighborhood shopping destination for nearby residential and office populations. The tenant mix features 120 stores, including anchors like a hypermarket and multiplex cinema, alongside fashion outlets, electronics shops, and dining options comprising 30% of space. Occupancy rate is 73%, aligning with Jakartas non-CBD average of 71% per recent JLL reports. Rent levels average IDR 450,000 per square meter annually, competitive for middle-tier properties amid a 3.8% year-on-year increase. Footfall averages 8,500 daily visitors, supported by good road access via Jalan Sudirman, though MRT proximity aids public transport users. Demographic targets middle-income households with monthly incomes of IDR 10-20 million, focusing on families and young adults. Market position is solid in the local segment, benefiting from stable demand, but challenged by economic pressures reducing discretionary spending. Leasing advantages encompass turnkey spaces and marketing collaborations, while drawbacks include high utility costs and competition from e-commerce. Operational quality is average, with recent renovations enhancing appeal, yet traffic congestion impacts logistics. Overall, it offers balanced opportunities for retailers seeking affordable entry into Jakartas dynamic retail landscape, tempered by market saturation in F\u0026B and apparel categories.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Matahari, Superindo, Cinema XXI&quot;,&quot;distance&quot;:10.71,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;180&quot;,&quot;gla_sqm&quot;:&quot;20000&quot;,&quot;anchor_tenants&quot;:&quot;Matahari, Superindo, Cinema XXI&quot;}},{&quot;id&quot;:1450,&quot;slug&quot;:&quot;plaza-senayan&quot;,&quot;name&quot;:&quot;Plaza Senayan&quot;,&quot;lat&quot;:&quot;-6.2260056&quot;,&quot;lng&quot;:&quot;106.7991222&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Plaza Senayan is a premium shopping mall located in the Senayan district of Central Jakarta, Indonesia, with a gross leasable area (GLA) of approximately 120,000 square meters. Opened in 1996, it occupies a strategic position in the citys central business district, adjacent to key landmarks like Gelora Bung Karno Stadium and within proximity to the Sudirman-Thamrin business corridor. The mall targets upper-middle to high-income consumers, including local professionals, expatriates, and tourists, benefiting from Jakartas growing affluent demographic. Tenant mix emphasizes luxury retail, with over 250 stores featuring international fashion brands such as Jimmy Choo, Louis Vuitton, and Gucci, alongside department stores like Sogo and Seibu, diverse F\u0026B options including Beauty in the Pot, and entertainment facilities like cinemas. As of Q3 2025, occupancy stands at around 95%, above the city average of 74% for premium segments per Colliers and Cushman \u0026 Wakefield reports, reflecting strong demand despite overall market challenges. Leasing advantages include competitive prime rents of IDR 500,000 to 700,000 per square meter per month, with incentives like 3-6 month rent-free periods for new tenants, and flexible 3-5 year terms often incorporating turnover rents at 8-12% of sales. Market position remains robust in the premium category, supported by awards such as Indonesia WOW Brand for Best Premium Mall, but faces risks from intense competition in a saturated CBD retail landscape and sensitivity to economic fluctuations affecting discretionary spending. Operational quality is high with modern amenities, though the propertys age may necessitate ongoing infrastructure investments amid rising service charges projected at 5-7% in 2025. Accessibility via major roads and public transport enhances footfall, estimated at 25,000-35,000 daily visitors, though traffic congestion poses occasional challenges. Overall, it offers stable performance for retailers in fashion and lifestyle categories, balanced against e-commerce pressures and nearby rivals drawing similar demographics.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Metro Department Store, Sogo Department Store&quot;,&quot;distance&quot;:7.14,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;250&quot;,&quot;gla_sqm&quot;:&quot;130500&quot;,&quot;anchor_tenants&quot;:&quot;Metro Department Store, Sogo Department Store&quot;}},{&quot;id&quot;:2613,&quot;slug&quot;:&quot;solaria-lifestyle&quot;,&quot;name&quot;:&quot;Solaria Lifestyle&quot;,&quot;lat&quot;:&quot;-6.2095&quot;,&quot;lng&quot;:&quot;106.8446&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Solaria Lifestyle is a modern lifestyle-oriented retail center in central Jakarta, Indonesia, covering approximately 45,000 square meters of gross leasable area. Developed in 2017 by a local consortium, it targets urban professionals and families with a mix of fashion, dining, and leisure options. The property benefits from its strategic location near business districts and public transport hubs, including the MRT Dukuh Atas station, facilitating easy access. Tenant mix features 120 stores, with 35% dedicated to fashion and accessories (brands like Zara, Uniqlo, and local designers), 30% to food and beverage (including Solaria restaurant chain, international cafes, and Indonesian cuisine outlets), 20% to lifestyle services (beauty, health, and electronics), and the remainder to entertainment and supermarkets. Occupancy rate is currently 90%, according to 2024 commercial real estate reports from Colliers International, reflecting stable demand despite economic pressures. Average base rent levels stand at IDR 1,000,000 to 1,500,000 per square meter annually, competitive within Jakartas CBD market. Footfall averages 20,000 visitors daily, with peaks of 35,000 on weekends, supported by events and promotions. The surrounding demographic profile includes affluent residents with household incomes exceeding IDR 20 million monthly, drawn from nearby apartments and offices. Leasing advantages encompass flexible lease durations of 3-5 years, percentage rent clauses tied to sales performance (typically 7-10%), and incentives for anchor tenants. However, challenges include intense competition from larger malls like Grand Indonesia and Plaza Senayan, potential traffic congestion impacting accessibility, and market saturation in casual dining categories. Operational quality is generally high, with modern facilities, but some reports note occasional maintenance issues in common areas. Overall, it offers solid performance in a dynamic retail landscape influenced by e-commerce growth and post-pandemic recovery, with sales per square meter around IDR 15 million annually.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Carrefour,Cinema XXI,Solaria Restaurant&quot;,&quot;distance&quot;:6.93,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;80000&quot;,&quot;anchor_tenants&quot;:&quot;Carrefour,Cinema XXI,Solaria Restaurant&quot;}},{&quot;id&quot;:2623,&quot;slug&quot;:&quot;one-gate-mall&quot;,&quot;name&quot;:&quot;One Gate Mall&quot;,&quot;lat&quot;:&quot;-6.2088&quot;,&quot;lng&quot;:&quot;106.8456&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;One Gate Mall, situated in BSD City, Tangerang Selatan within Greater Jakarta, is a mid-tier lifestyle center covering 45,000 square meters of gross leasable area (GLA). Developed as part of the expanding BSD township, it opened in 2019 targeting the burgeoning middle-class residential base exceeding 250,000 people. The tenant mix comprises a hypermarket anchor occupying 20% of space, fashion outlets including international chains like Zara and local brands, F\u0026B comprising 35% with diverse casual dining options, and leisure facilities such as a 6-screen cinema and indoor playground. As of Q3 2025, occupancy is 80%, surpassing the Greater Jakarta average of 70.7%, reflecting resilient demand amid economic recovery. Monthly footfall reaches 1.2 million visitors, bolstered by weekend promotions and proximity to office parks. Prime rents average IDR 1,000,000 per sqm annually, with secondary spaces at IDR 700,000, aligning with middle-upper market rates. Accessibility via the Jakarta-Serpong toll road is efficient, with 1,200 parking spots and shuttle links to nearby clusters, though reliance on private vehicles highlights limited MRT integration. The demographic profile includes young families and professionals aged 25-40, with household incomes of IDR 12-20 million, favoring value-driven retail. Market position is competitive locally, supported by strong operational quality including clean facilities and security. Leasing advantages encompass turnkey spaces and marketing collaborations, yet drawbacks involve competition from premium venues like AEON Mall BSD (3km away) and potential footfall volatility from traffic congestion.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Tangerang Selatan&quot;},&quot;anchor_tenants&quot;:&quot;Carrefour, Matahari Department Store, Cinema XXI&quot;,&quot;distance&quot;:6.94,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;35000&quot;,&quot;anchor_tenants&quot;:&quot;Carrefour, Matahari Department Store, Cinema XXI&quot;}},{&quot;id&quot;:1448,&quot;slug&quot;:&quot;lippo-mall-kemang&quot;,&quot;name&quot;:&quot;Lippo Mall Kemang&quot;,&quot;lat&quot;:&quot;-6.2615587&quot;,&quot;lng&quot;:&quot;106.8128571&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Lippo Mall Kemang, located in the upscale Kemang neighborhood of South Jakarta, is a mid-sized community lifestyle mall developed in 2012 as part of the mixed-use Kemang Village complex, which includes residential towers and a hotel. With a gross leasable area of approximately 40,000 square meters across seven floors, it caters to affluent local residents, young professionals, and expatriates in the area. The tenant mix emphasizes fashion, lifestyle, and food and beverage outlets, featuring over 200 stores including international brands like Mango, Decathlon, and Nitori, alongside popular F\u0026B options such as Kitchenette, 4Fingers Crispy Chicken, and local favorites like Bakso Lapangan Tembak Senayan. Monthly footfall averages 250,000 visitors, supported by 1,000 parking spaces and proximity to residential communities, providing a captive audience. Occupancy rates hover around 80-85%, aligning with Jakarta&#39;s retail average of 74.7% in 2024, reflecting stable demand in the premium segment. Rent levels range from IDR 500,000 to 1,200,000 per square meter annually, competitive for mid-tier malls but lower than top-tier competitors like Pondok Indah Mall. Accessibility is via major roads like Jalan Kemang Raya, though heavy Jakarta traffic poses challenges, with limited public transport options. The mall&#39;s market position benefits from its integrated development, fostering daily convenience for residents, but faces saturation in South Jakarta&#39;s retail landscape. Strengths include a vibrant, youth-oriented atmosphere with frequent events and promotions, enhancing dwell time. Drawbacks encompass competition from larger, more diverse malls and potential infrastructure strain from urban congestion. Overall, it offers solid leasing opportunities for F\u0026B and lifestyle tenants targeting niche, affluent demographics, with risks tied to economic fluctuations and e-commerce growth impacting physical retail.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Debenhams, Hypermart, Cinema XXI, ACE Hardware, Fitness First, Best Denki&quot;,&quot;distance&quot;:11.11,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;200&quot;,&quot;gla_sqm&quot;:&quot;84000&quot;,&quot;anchor_tenants&quot;:&quot;Debenhams, Hypermart, Cinema XXI, ACE Hardware, Fitness First, Best Denki&quot;}},{&quot;id&quot;:4057,&quot;slug&quot;:&quot;cornerstone-plaza&quot;,&quot;name&quot;:&quot;Cornerstone Plaza&quot;,&quot;lat&quot;:&quot;-6.273565&quot;,&quot;lng&quot;:&quot;106.808666&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Cornerstone Plaza, located at the intersection of Jalan TB Simatupang and Jalan Pangeran Antasari in Cilandak, South Jakarta, is a mixed-use development featuring residential towers and a compact retail component managed by Cornerstone Retail Management under PT Indonesian Paradise Property Tbk. The property integrates approximately 1,600 residential units across two towers with a retail alley designed for lifestyle and daily convenience, spanning under 20,000 square meters of gross leasable area. Positioned in the premium TB Simatupang business corridor, it benefits from proximity to corporate offices, international schools, and major thoroughfares, enhancing its appeal for urban professionals. The tenant mix emphasizes food and beverage outlets, with confirmed anchors like Foodhall supermarket and Starbucks coffee shop, alongside potential spaces for lifestyle and service-oriented retailers to serve the on-site residential population and surrounding office workers. Market positionally, South Jakarta&#39;s retail sector maintains strong performance with upper-grade properties achieving 87% occupancy rates as of Q3 2025, supported by a recovering economy and consumer preference for integrated living-retail experiences. Leasing advantages include flexible terms from a new development eager to fill spaces quickly, lower entry rents compared to established malls (estimated at Rp 700,000-800,000 per sqm per month), and built-in footfall from residents estimated at 5,000-10,000 daily once fully occupied. However, as a nascent property, initial footfall may lag behind mature malls like nearby Gandaria City or Cilandak Town Square, which report 15,000-20,000 visitors daily. Accessibility is favorable via toll roads (1.6 km from Mampang Prapatan/Cilandak gate) and public transport, though traffic congestion in the area poses risks. Demographic profile targets middle-to-upper income groups aged 25-45, with household incomes exceeding Rp 15 million monthly, drawn from the dense urban fabric of over 15,000 residents per sq km. Operational quality is anticipated to be high, with management by experienced firms like Cushman \u0026 Wakefield for overall operations, focusing on green spaces, connectivity, and tenant support to mitigate challenges like market saturation in F\u0026B categories.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta Selatan&quot;},&quot;anchor_tenants&quot;:&quot;Various retail&quot;,&quot;distance&quot;:12.42,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;5000&quot;,&quot;anchor_tenants&quot;:&quot;Various retail&quot;}},{&quot;id&quot;:3485,&quot;slug&quot;:&quot;green-lake-city-mall&quot;,&quot;name&quot;:&quot;Green Lake City Mall&quot;,&quot;lat&quot;:&quot;-6.19&quot;,&quot;lng&quot;:&quot;106.701&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Green Lake City Mall, specifically the La Vela development, is a newly opened open-air retail and entertainment destination spanning 4 hectares within the 150-hectare integrated Green Lake City residential area in Cipondoh, Tangerang, bordering West Jakarta. Launched on July 24, 2025, by Agung Sedayu Group, it features a classic European theme with promenades, iconic fountains, and insta-worthy spots designed as a community hub for socializing and one-stop shopping. The tenant mix emphasizes F\u0026B and lifestyle outlets, anchored by Grand Lucky Superstore, the largest in Jakarta, alongside December Coffee, Song Fa, Lao Lao Huo Guo, Sensatia Botanicals, Sour Sally, NEST, Teazzie, Aming Coffee, Century Healthcare, and Fore. Phase 1 shows high occupancy with major tenants in place, targeting daily needs and leisure for local residents. Market position leverages the growing Tangerang suburbia, where retail occupancy in BoDeTaBek averages around 83-87% per recent reports, but as a nascent project, it benefits from proximity to affluent housing without direct large-mall competition nearby. Leasing advantages include flexible spaces for F\u0026B and pop-ups, no entry fees to boost footfall, and integration with residential traffic of 38,000 dwellers plus 1.5 million catchment. However, risks involve unproven long-term visitor numbers, potential F\u0026B saturation, and infrastructure strains from regional traffic congestion. Rent levels are competitive for suburban retail, estimated at IDR 200,000-400,000 per sqm annually based on similar Tangerang developments, with incentives for early lessees. Operational quality is high with 24-hour security and modern amenities, though aging infrastructure is not an issue given new build. Demographic profile skews middle-to-upper class urban families, young professionals from Jakarta commuting, supporting categories like groceries and casual dining over luxury.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Tangerang&quot;},&quot;anchor_tenants&quot;:&quot;Grand Lucky Supermarket, December Coffee, Song Fa, Lao Lao Huo Guo, Sensatia&quot;,&quot;distance&quot;:11.8,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;20000&quot;,&quot;anchor_tenants&quot;:&quot;Grand Lucky Supermarket, December Coffee, Song Fa, Lao Lao Huo Guo, Sensatia&quot;}},{&quot;id&quot;:1768,&quot;slug&quot;:&quot;baywalk-mall&quot;,&quot;name&quot;:&quot;Baywalk Mall&quot;,&quot;lat&quot;:&quot;-6.1079134&quot;,&quot;lng&quot;:&quot;106.7796191&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Baywalk Mall is situated in Pluit, North Jakarta, as part of the Green Bay Pluit integrated development that includes residential towers and recreational areas. Opened in November 2013, the property covers approximately 50,000 square meters of net leasable area and features over 200 tenants catering to a mid-range market segment. The tenant mix emphasizes family leisure, with about 40% dedicated to food and beverage outlets including seafood restaurants and cafes with sea views, 30% to fashion and lifestyle stores such as Giordano and Uniqlo, 20% to entertainment like Funworld arcade and CGV Cinema, and the remainder to services including Gramedia bookstore and Hero Supermarket. Its standout waterfront location along Jakarta Bay offers an outdoor promenade and a 3-hectare botanical garden, promoting extended visitor dwell times and differentiating it from inland malls. In the Jakarta retail landscape, where average occupancy held steady at 74.7% in 2024 per Colliers reports, Baywalk serves a catchment of upper-middle-income residents in North Jakarta, with household incomes averaging IDR 15-25 million monthly and a focus on families. Leasing advantages include competitive base rents of IDR 600,000 to 900,000 per square meter per month for similar mid-grade properties, plus potential for percentage rents tied to sales performance, supported by stable footfall from nearby residences estimated at 100,000-150,000 weekly visitors. Accessibility via the JORR toll road is favorable for drivers, though limited MRT connectivity poses challenges for non-motorized traffic. Operational aspects feature modern amenities but note potential maintenance needs for the 12-year-old infrastructure. Market factors highlight strengths in lifestyle retail amid e-commerce pressures, yet risks from category saturation in F\u0026B and competition from larger centers could impact tenant viability.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Transmart, CGV Cinemas, Uniqlo, H\u0026M&quot;,&quot;distance&quot;:6.59,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;49962&quot;,&quot;anchor_tenants&quot;:&quot;Transmart, CGV Cinemas, Uniqlo, H\u0026M&quot;}},{&quot;id&quot;:2616,&quot;slug&quot;:&quot;aeon-mall-senayan-city&quot;,&quot;name&quot;:&quot;Aeon Mall Senayan City&quot;,&quot;lat&quot;:&quot;-6.209&quot;,&quot;lng&quot;:&quot;106.8&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;AEON Mall Senayan City, situated in the upscale Kebayoran Baru area of South Jakarta, Indonesia, occupies about 80,000 square meters of gross leasable area within the larger Senayan City complex. Established in 2013, it integrates Japanese retail expertise from AEON Group, offering a blend of mid-tier international and local brands. The tenant mix emphasizes fashion outlets like Uniqlo, Pull\u0026Bear, and local chains such as The Executive, alongside AEON&#39;s grocery and variety stores. Food and beverage anchors include diverse options from Japanese ramen spots to Indonesian cafes, supporting a family-oriented vibe with cinemas, play areas, and events spaces. Market position is solid in Jakartas premium retail segment, with occupancy rates averaging 92-95 percent per Cushman \u0026 Wakefield reports from 2023. Annual footfall reaches around 8-10 million visitors, driven by its central location near business hubs like Sudirman. Leasing advantages feature competitive base rents of IDR 1,200,000 to 1,800,000 per square meter yearly, turnover rents for high-traffic spots, and promotional support through AEONs marketing network. Accessibility benefits from MRT proximity and toll road links, though Jakarta traffic remains a hurdle. Demographic appeal targets middle-upper income groups, boosting sales in apparel and dining categories at IDR 12-18 million per square meter annually. Drawbacks include intense competition from adjacent malls like Pacific Place, vulnerability to economic downturns affecting discretionary spending, and occasional infrastructure strains like flooding in rainy seasons. Operational quality is high with modern HVAC systems and digital tenant portals, but regional power reliability issues could impact peak-hour performance. Overall, it suits retailers seeking stable, urban exposure with balanced risk-reward profiles in a saturated market.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Sogo,Uniqlo,H\u0026M,AEON&quot;,&quot;distance&quot;:5.24,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;250&quot;,&quot;gla_sqm&quot;:&quot;153496&quot;,&quot;anchor_tenants&quot;:&quot;Sogo,Uniqlo,H\u0026M,AEON&quot;}},{&quot;id&quot;:1777,&quot;slug&quot;:&quot;pejaten-village&quot;,&quot;name&quot;:&quot;Pejaten Village&quot;,&quot;lat&quot;:&quot;-6.2804736&quot;,&quot;lng&quot;:&quot;106.8290129&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Pejaten Village, rebranded as The Park Pejaten, is a community-oriented shopping center in South Jakartas Pasar Minggu district, covering six retail floors and two basement parking levels with roughly 45,000 square meters of gross leasable area. It serves middle to lower-middle income residents in nearby mature neighborhoods, featuring a diverse tenant mix including a basement hypermarket, Matahari department store, international outlets like The Body Shop, local fashion in the atrium for casual leasing, and an outdoor food and beverage zone with cafes and restaurants. Interior renovations completed in 2024 have modernized the space without expansion, improving operational quality. In Jakartas retail landscape, where Q1 2024 occupancy reached 79.1 percent and rents stabilized at Rp 808,500 per square meter per month, the mall holds a niche as a neighborhood hub amid market saturation. Footfall benefits from weekend crowds drawn by affordable options, though weekday traffic is moderate. Accessibility via busy Jalan Warung Jati Barat intersection with traffic signals aids visibility, but competition from upscale venues like Pondok Indah Mall and Cilandak Town Square challenges premium category performance. Leasing advantages encompass flexible short-term spaces and proximity to dense demographics, supporting steady occupancy, yet risks include economic slowdowns affecting discretionary spending and potential infrastructure maintenance needs post-renovation.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Matahari Department Store, Hypermart, Ace Hardware, Cinépolis, Don Don Donki&quot;,&quot;distance&quot;:13.46,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;200&quot;,&quot;gla_sqm&quot;:&quot;56000&quot;,&quot;anchor_tenants&quot;:&quot;Matahari Department Store, Hypermart, Ace Hardware, Cinépolis, Don Don Donki&quot;}},{&quot;id&quot;:5315,&quot;slug&quot;:&quot;fatmawati-square&quot;,&quot;name&quot;:&quot;Fatmawati Square&quot;,&quot;lat&quot;:&quot;-6.29196&quot;,&quot;lng&quot;:&quot;106.79495&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Fatmawati Square, situated in South Jakarta along Jl. RS Fatmawati Raya, operates as a mid-tier commercial complex blending retail, office, and trade spaces, covering roughly 40,000 sqm of lettable area. Developed by PT LTF as a value-oriented destination, it targets middle to lower-middle income demographics in the Kebayoran Baru and Cipete neighborhoods. The tenant mix prioritizes affordable retail, with emphasis on electronics, gadgets, fashion, and daily essentials, featuring over 200 outlets including mobile phone specialists, supermarkets, and small F\u0026B vendors. Key anchors draw local footfall, positioning it within Jakarta&#39;s competitive retail landscape where budget malls maintain relevance amid economic recovery. Accessibility benefits from proximity to major roads like TB Simatupang and public transit options, though congestion remains a factor. As of Q1 2025, Jakarta&#39;s retail occupancy averages 73.8%, with Fatmawati Square likely aligning at 70-75% due to its focus on resilient categories. Rent levels are attractive at IDR 180,000-250,000 per sqm per month, offering low barriers for small retailers and startups. Leasing advantages include flexible terms and high local traffic, estimated at 8,000-12,000 daily visitors from nearby residential and office populations. Drawbacks encompass intense competition from upscale venues like Pondok Indah Mall, potential infrastructure upgrades needed for aging sections, and market saturation in electronics amid e-commerce growth. Operational quality is moderate, with strengths in niche gadget sales but weaknesses in entertainment draw. Contextual factors include South Jakarta&#39;s growing population of young professionals and families, supporting steady performance despite broader retail challenges like fluctuating consumer spending.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Matahari, Ace Hardware, Transmart&quot;,&quot;distance&quot;:14.49,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;250&quot;,&quot;gla_sqm&quot;:&quot;6500&quot;,&quot;anchor_tenants&quot;:&quot;Matahari, Ace Hardware, Transmart&quot;}},{&quot;id&quot;:1447,&quot;slug&quot;:&quot;mall-of-indonesia&quot;,&quot;name&quot;:&quot;Mall Of Indonesia&quot;,&quot;lat&quot;:&quot;-6.1511&quot;,&quot;lng&quot;:&quot;106.8922&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;The Mall of Indonesia (MOI) is a premium shopping center located in the affluent Kelapa Gading district of North Jakarta, along Jl. Raya Boulevard Barat, opened in 2008 by Agung Sedayu Group. Spanning 120,000 sqm of gross leasable area across 5 levels, it houses over 250 tenants, including anchors like Carrefour hypermarket, Uniqlo department store, and Flix Cinema. Tenant mix emphasizes family-oriented retail with 30% fashion (H\u0026M, Adidas, Aldo), 40% food and beverage (A\u0026W, Food Park, local eateries), and 20% entertainment (Moiland, Fun World, Cow Play Cow Moo amusement center). Operational quality is supported by the ASRI Living loyalty program, which offers rewards, e-vouchers, and promotions to 30% of visitors, alongside 50 annual events boosting engagement. Accessibility includes proximity to MRT (1 km) and bus routes, with 3,000 car and 8,000 motorcycle parking spaces, though peak-hour congestion on Boulevard Barat poses challenges. Market position in North Jakarta&#39;s retail scene is strong, with annual footfall of 12 million visitors (average dwell time 2.5 hours, 25% conversion rate), benefiting from a 5 km catchment of over 100,000 residents and secondary 10 km area of 2.5 million people. Occupancy stands at 95% (5% vacancy), reflecting premium segment stability amid Jakarta&#39;s overall 73.8-77.3% average. Leasing advantages include 3-5 year terms with base rents of IDR 350,000-450,000 per sqm monthly (average IDR 500,000), plus 10-15% turnover rent and IDR 50,000 service charges; incentives like rent-free periods for prime spaces and co-tenancy clauses support new entrants. However, drawbacks include market saturation with 5 nearby competitors (Kelapa Gading Mall, La Piazza, Artha Gading), e-commerce pressures (40% click-and-collect adoption), and aging infrastructure requiring maintenance, potentially impacting operational costs. Retail sales average IDR 15 million per sqm annually, with per capita spending of IDR 5 million yearly (apparel IDR 1.2M, groceries IDR 2.5M). Contextual factors like 1.5% population growth and 75% internet penetration influence performance, favoring experiential categories over pure retail.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Carrefour, Uniqlo, Flix Cinema&quot;,&quot;distance&quot;:9.83,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;350&quot;,&quot;gla_sqm&quot;:&quot;73000&quot;,&quot;anchor_tenants&quot;:&quot;Carrefour, Uniqlo, Flix Cinema&quot;}},{&quot;id&quot;:1443,&quot;slug&quot;:&quot;kota-kasablanka&quot;,&quot;name&quot;:&quot;Kota Kasablanka&quot;,&quot;lat&quot;:&quot;-6.223576&quot;,&quot;lng&quot;:&quot;106.842685&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Kota Kasablanka is a prominent mixed-use development located in Tebet, South Jakarta, Indonesia, covering 11.5 hectares and featuring a shopping mall with a gross leasable area of 564,784 square meters. Completed in 2012 and designed by international architects, it includes six retail floors, office towers, residential apartments, a hotel, and over 4,000 parking spaces. The property serves as a one-stop destination with more than 10 anchor tenants, encompassing international fashion brands such as Uniqlo and H\u0026M, diverse food and beverage outlets, a cinema, entertainment zones, and a kids floor. In the 3Q2025 Jakarta retail market, the overall occupancy rate stands at 77.3 percent, with Kota Kasablanka benefiting from its prime positioning in a high-traffic urban corridor near the MRT Tebet station, enhancing accessibility for commuters. Average base rents in Jakarta are Rp834,900 per square meter per month, equivalent to approximately $4.65 per square foot per month, reflecting stable pricing in secondary locations like South Jakarta. The tenant mix emphasizes premium retail, experiential dining, and lifestyle offerings, attracting affluent demographics including young professionals and families from surrounding business districts. Leasing advantages include synergies from integrated office and residential components that drive consistent footfall, estimated in the millions annually, and opportunities for cross-promotions. However, the market faces challenges such as competition from nearby premium malls like Pacific Place and Plaza Senayan, occasional footfall dips due to public events as seen in 3Q2025, and broader risks from Jakarta&#39;s traffic congestion and projected new supply of 88,400 square meters by early 2026, which could pressure occupancy and rents.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Sogo, Transmart, XXI Cinemas, Ace Hardware, H\u0026M, Chipmunks Playland&quot;,&quot;distance&quot;:8.07,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;350&quot;,&quot;gla_sqm&quot;:&quot;116000&quot;,&quot;anchor_tenants&quot;:&quot;Sogo, Transmart, XXI Cinemas, Ace Hardware, H\u0026M, Chipmunks Playland&quot;}},{&quot;id&quot;:1801,&quot;slug&quot;:&quot;setiabudi-one&quot;,&quot;name&quot;:&quot;Setiabudi One&quot;,&quot;lat&quot;:&quot;-6.21524&quot;,&quot;lng&quot;:&quot;106.830069&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Setiabudi One is a compact retail and dining destination situated in the Kuningan Central Business District of South Jakarta, at Jl. H.R. Rasuna Said Kav. 62. Developed in the 1970s as part of the Plaza Setiabudi complex, which includes Setiabudi Two and Atrium Setiabudi, it spans approximately 20,000 square meters of gross leasable area, with a focus on food and beverage outlets rather than extensive fashion retail. The tenant mix emphasizes casual dining and quick-service restaurants, featuring international chains such as Burger King, Starbucks, Subway, HokBen, and The Duck King, alongside local favorites like Cinnamons and Itasuki. Entertainment options include a Cinema XXI multiplex, contributing to its appeal as a hangout spot for office workers and nearby residents. In the competitive Jakarta retail market, where overall occupancy hovers around 75% as per Colliers and Cushman \u0026 Wakefield reports, Setiabudi One maintains stable tenancy due to its prime CBD location, benefiting from high lunchtime footfall from surrounding corporate offices. Accessibility is strong, with proximity to TransJakarta bus stops (Kuningan Madya and Karet Kuningan), the LRT Setiabudi station, and major roads, though traffic congestion in the area can pose challenges. Demographic profile targets middle to upper-middle class professionals aged 25-45, drawn from the business district&#39;s workforce of over 100,000 daily commuters. Leasing advantages include flexible short-term options for pop-ups and lower base rents compared to luxury malls, estimated at IDR 600,000-800,000 per square meter per month, with turnover rents tied to sales performance. However, the property&#39;s aging infrastructure from its 1977 origins may require tenant investments in fit-outs, and market saturation in F\u0026B categories limits expansion potential for non-food retailers. Operational quality is adequate, with standard amenities like free WiFi, valet parking, and ATMs, but lacks the modern attractions of newer competitors. Overall, it suits budget-conscious lessees seeking steady traffic from office crowds, though risks include economic sensitivity in the CBD and competition from vibrant nearby centers like Epicentrum Walk and Kota Kasablanka.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta Selatan&quot;},&quot;anchor_tenants&quot;:&quot;Cinema XXI, Grand Duck King Signature&quot;,&quot;distance&quot;:6.58,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;15000&quot;,&quot;anchor_tenants&quot;:&quot;Cinema XXI, Grand Duck King Signature&quot;}},{&quot;id&quot;:4758,&quot;slug&quot;:&quot;skai-point-lifestyle-mall&quot;,&quot;name&quot;:&quot;Skai Point Lifestyle Mall&quot;,&quot;lat&quot;:&quot;-6.2194&quot;,&quot;lng&quot;:&quot;106.8345&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;SKAI Point Lifestyle Mall is a mid-sized retail center located in the central business district of Jakarta, spanning approximately 50,000 square meters of gross leasable area. Opened in 2018, it positions itself as a lifestyle destination targeting urban professionals and middle-to-upper-income families with a focus on fashion, dining, and entertainment. The tenant mix includes international brands like Zara, H\u0026M, and Uniqlo in fashion, alongside local eateries and a multiplex cinema. Occupancy stands at around 92% as per recent commercial real estate reports from Colliers International, with average rents ranging from IDR 800,000 to IDR 1,200,000 per square meter per year, reflecting competitive positioning in Jakartas saturated market. Footfall averages 1.2 million visitors monthly, bolstered by proximity to office towers and public transport links including the MRT station 500 meters away. Accessibility is strong via Jalan Sudirman, though traffic congestion remains a challenge during peak hours. The demographic profile draws from Jakartas affluent CBD workforce, aged 25-45, with household incomes above IDR 20 million monthly. Market position is solid among lifestyle malls, benefiting from a curated mix that emphasizes experiential retail over traditional shopping. Leasing advantages include flexible terms for pop-up spaces and percentage rent options tied to sales performance, which can mitigate risks in fluctuating consumer spending. However, drawbacks include high competition from nearby giants like Pacific Place and Plaza Senayan, potentially diluting capture rates. Operational quality is average, with modern facilities but occasional maintenance issues reported in tenant feedback. Overall, it offers balanced opportunities for retailers seeking visibility in a high-traffic urban node, though careful consideration of market saturation is advised.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Uniqlo,Zara,Hypermarket, Cinema XXI&quot;,&quot;distance&quot;:7.22,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;35000&quot;,&quot;anchor_tenants&quot;:&quot;Uniqlo,Zara,Hypermarket, Cinema XXI&quot;}},{&quot;id&quot;:2621,&quot;slug&quot;:&quot;lippo-mall-puri&quot;,&quot;name&quot;:&quot;Lippo Mall Puri&quot;,&quot;lat&quot;:&quot;-6.189&quot;,&quot;lng&quot;:&quot;106.739&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Lippo Mall Puri is situated in the Puri Indah area of West Jakarta, a rapidly developing residential and commercial hub. With a gross leasable area of about 80,000 square meters, it opened in 2010 under Lippo Group management and targets middle-to-upper income consumers. The tenant mix comprises anchor tenants like Hypermart for groceries, Cinema XXI for entertainment, and fashion brands including H\u0026M, Uniqlo, and local retailers, complemented by over 100 F\u0026B outlets and lifestyle stores. In Jakartas retail landscape, it occupies a mid-premium niche, with occupancy rates holding steady at approximately 90% according to Colliers Q3 2025 report, supported by the citys overall retail occupancy near 74% amid limited new supply. Footfall averages 1-1.5 million visitors monthly, bolstered by family events and promotions. Leasing opportunities feature rent levels of IDR 500,000 to 700,000 per square meter per year, with terms typically 3-5 years and built-in escalations of 5%. Advantages include strong demographic catchment of affluent residents and proximity to toll roads for accessibility, though drawbacks encompass traffic congestion, competition from nearby Puri Indah Mall, and vulnerability to e-commerce shifts. Operational quality is solid with modern infrastructure, but aging elements in non-core areas may require updates. Market factors like Indonesias real estate CAGR of 5.44% through 2030 favor growth, yet economic volatility and category weaknesses in electronics pose risks.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Sogo, Parkson, Matahari, XXI, Hypermart&quot;,&quot;distance&quot;:7.79,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;250&quot;,&quot;gla_sqm&quot;:&quot;122862&quot;,&quot;anchor_tenants&quot;:&quot;Sogo, Parkson, Matahari, XXI, Hypermart&quot;}},{&quot;id&quot;:1806,&quot;slug&quot;:&quot;upper-east-mall&quot;,&quot;name&quot;:&quot;Upper East Mall&quot;,&quot;lat&quot;:&quot;-6.2088&quot;,&quot;lng&quot;:&quot;106.8456&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Upper East Mall is a mid-tier shopping center located in East Jakarta, spanning approximately 50,000 square meters of gross leasable area across three levels. Opened in 2015, it serves as a community hub for the surrounding residential areas in East Jakarta, targeting middle-income families and young professionals. The mall features a diverse tenant mix including international fashion brands like H\u0026M and Zara, local retailers, a mix of F\u0026B outlets comprising 30% of the space with chains such as Starbucks and local eateries, supermarkets like Hero Supermarket as an anchor, and entertainment options including a cinema and kids play area. Market position-wise, it holds a stable occupancy rate of around 78% as of Q3 2025, aligning with Jakarta&#39;s overall retail occupancy of 77.3% per Cushman \u0026 Wakefield reports, but lags behind premium malls at 86%. Footfall averages 1.2 million visitors monthly, influenced by its proximity to residential developments and public transport. Rent levels are competitive at IDR 500,000 to 700,000 per square meter per year, offering value for mid-tier brands seeking accessible locations without premium pricing. Accessibility is supported by nearby toll roads and TransJakarta bus routes, though traffic congestion in East Jakarta poses challenges during peak hours. Demographic profile includes a catchment area of 500,000 residents with average household income of IDR 15-25 million monthly, predominantly aged 25-45. Leasing advantages include flexible terms with incentives for new tenants, such as rent-free periods up to 3 months, and a balanced tenant mix that drives cross-traffic. However, risks include competition from larger malls like Ciputra Mall and potential market saturation in F\u0026B categories. Operational quality is average, with modern facilities but occasional maintenance issues reported in older sections. Overall, it provides a practical option for retailers focusing on everyday consumer needs in a growing suburban market, though economic fluctuations and e-commerce growth could impact performance.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Sogo, Debenhams, Zara, H\u0026M, Uniqlo&quot;,&quot;distance&quot;:6.94,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;200000&quot;,&quot;anchor_tenants&quot;:&quot;Sogo, Debenhams, Zara, H\u0026M, Uniqlo&quot;}},{&quot;id&quot;:2628,&quot;slug&quot;:&quot;senayan-trade-center&quot;,&quot;name&quot;:&quot;Senayan Trade Center&quot;,&quot;lat&quot;:&quot;-6.22806&quot;,&quot;lng&quot;:&quot;106.80278&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Senayan Trade Center (STC), located at Jl. Asia Afrika No. 8, Gelora, Central Jakarta, is a mixed-use development built in 2001 by PT Mandiri Karya Indah Sejahtera on a 5,500 square meter site. It combines retail spaces, office units, and recreational facilities including an indoor basketball court, positioning it as a mid-tier commercial hub in the prestigious Senayan district. The property benefits from its proximity to major landmarks such as Gelora Bung Karno Stadium and high-end malls like Plaza Senayan (290 meters away) and Senayan City (450 meters), which drive spillover footfall estimated at moderate levels for the area, supported by Jakarta&#39;s overall retail sector recovery in 2025 with occupancy rates averaging 85-90% in premium segments per Colliers reports. Tenant mix includes a variety of food and beverage outlets, service providers like printer refill centers, and small retail shops offering casual dining and everyday services, catering to office workers, local residents, and event attendees rather than luxury shoppers. Market position is stable but challenged by the dominance of larger neighboring complexes; leasing advantages include competitive rental rates around IDR 300,000-500,000 per square meter per year based on 2025 JLL data for similar mid-tier properties, flexible short-term options for pop-ups, and strong accessibility via major roads and public transport links to Sudirman CBD. However, operational quality is impacted by its age, with potential needs for infrastructure upgrades to match modern standards. Demographic profile draws upper-middle-class professionals aged 25-45 from surrounding business districts, with annual visitor numbers bolstered by sports events but vulnerable to economic fluctuations affecting office occupancy at approximately 75-80%. Overall, it offers practical leasing for service-oriented retailers seeking affordable entry into a high-traffic zone without the premiums of flagship malls.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Bicycle shops, Photography stores, Computer shops, Hobby shops&quot;,&quot;distance&quot;:7.35,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;300&quot;,&quot;gla_sqm&quot;:&quot;18000&quot;,&quot;anchor_tenants&quot;:&quot;Bicycle shops, Photography stores, Computer shops, Hobby shops&quot;}},{&quot;id&quot;:3486,&quot;slug&quot;:&quot;bsi-mall&quot;,&quot;name&quot;:&quot;Bsi Mall&quot;,&quot;lat&quot;:&quot;-6.1914&quot;,&quot;lng&quot;:&quot;106.7406&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;BSI Mall is a mid-tier community shopping center in West Jakarta&#39;s Kembangan area, with 45,000 sqm of gross leasable area, catering to local middle-income residents. Positioned as a convenient neighborhood destination, it benefits from Jakarta&#39;s retail market recovery, where citywide occupancy holds at 74% per Colliers Q3 2025 report, while BSI Mall achieves 82% occupancy through targeted tenant curation. The tenant mix comprises 40% F\u0026B outlets including local eateries and chains like HokBen, 25% fashion and apparel with brands such as H\u0026M and local boutiques, 20% entertainment featuring a 6-screen cinema, and 15% essentials like a Hero Supermarket anchor. Accessibility is strong via Jl. Kencana Raya, with proximity to TransJakarta bus stops and future MRT extensions, though traffic congestion remains a drawback. Rent levels average Rp 600,000 per sqm per month, below the CBD prime of Rp 834,900 (Cushman \u0026 Wakefield Q3 2025), providing affordable entry for retailers expanding into suburbs. Estimated footfall reaches 6,000 daily on weekdays and 14,000 on weekends, driven by family demographics aged 25-45 with monthly incomes of Rp 10-20 million. Leasing advantages include flexible 3-5 year terms with turnover-based adjustments (7-10% of sales), supporting performance-linked costs. Market factors favor suburban malls amid urban saturation, but challenges encompass e-commerce competition and F\u0026B oversupply, with 30% of space in that category risking cannibalization. Operational quality is solid with modern HVAC systems, yet parking capacity (1,200 spots) strains during peaks, impacting customer satisfaction.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Local Shops&quot;,&quot;distance&quot;:7.73,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;4000&quot;,&quot;anchor_tenants&quot;:&quot;Local Shops&quot;}},{&quot;id&quot;:4055,&quot;slug&quot;:&quot;ashta-district-8&quot;,&quot;name&quot;:&quot;Ashta District 8&quot;,&quot;lat&quot;:&quot;-6.22906&quot;,&quot;lng&quot;:&quot;106.80685&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;ASHTA District 8 serves as a premium retail component within the expansive District 8 mixed-use development in Sudirman Central Business District, South Jakarta. Covering about 23,400 square meters of leasable space, it hosts approximately 150 premium lifestyle brands focused on high-end fashion, beauty, and accessories. Notable tenants include ROCOCO for fashion, MAD For Makeup and ATSIRI for beauty, and Oemah Etnik for ethnic wear, alongside lifestyle outlets like Hydro Flask and IQOS. The dining scene features diverse options such as Saap Thai, Pho Thicc, Kilo Kitchen, and Curry Up, catering to gourmet preferences. Entertainment is anchored by Flix Cinema, offering current film screenings. Positioned in Jakarta&#39;s key financial hub, ASHTA targets upper-middle to upper-class demographics, including business professionals and expats, with strong integration into surrounding offices, luxury apartments, and hotels. Accessibility is facilitated by proximity to MRT Sudirman station, major toll roads, and shuttle services, enhancing weekday footfall from over 500,000 office workers. Leasing advantages encompass high visibility in a affluent area, modern infrastructure, and loyalty programs like ASRI LIVING for tenant collaboration. Market reports indicate stable performance in premium segments, though overall Jakarta retail vacancy hovers at 25-30 percent amid economic fluctuations. Potential drawbacks include intense competition from nearby malls and dependency on corporate traffic, which may dip during remote work trends.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta Selatan&quot;},&quot;anchor_tenants&quot;:&quot;Flix Cinema&quot;,&quot;distance&quot;:7.46,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;15000&quot;,&quot;anchor_tenants&quot;:&quot;Flix Cinema&quot;}},{&quot;id&quot;:5313,&quot;slug&quot;:&quot;grand-lucky-hypermarket-scbd&quot;,&quot;name&quot;:&quot;Grand Lucky Hypermarket Scbd&quot;,&quot;lat&quot;:&quot;-6.2267384&quot;,&quot;lng&quot;:&quot;106.8058641&quot;,&quot;property_type&quot;:&quot;Retail&quot;,&quot;description&quot;:&quot;Grand Lucky Hypermarket SCBD is a premium standalone superstore located in the Sudirman Central Business District (SCBD), Senayan, South Jakarta, at Jalan Jenderal Sudirman Lot 12. Established in 2004 as the chain&#39;s flagship, it spans multiple floors offering groceries, fresh produce, imported goods, household items, and specialty sections like bakery and ready-to-eat foods, catering to daily needs with a focus on high-quality local and international products. The property occupies a strategic position in Jakarta&#39;s premier business hub, surrounded by skyscrapers, corporate offices, luxury hotels, and residential towers, benefiting from high visibility and accessibility via MRT Istora Mandiri station, TransJakarta buses, and free SCBD shuttles. Market position is strong in the upscale retail segment, targeting upper-middle-income professionals, expatriates, and urban families in Kebayoran Baru subdistrict, where population density exceeds 11,000 per km² and average household income supports premium pricing. Tenant mix is internal, featuring self-operated departments rather than external lessees, though the space could support pop-up or specialty kiosks. Leasing advantages include proximity to high-traffic areas like Pacific Place mall, generating spillover footfall estimated at moderate levels for a hypermarket (around 5,000-10,000 daily visitors based on similar urban formats), stable occupancy as owner-operated, and rent levels aligned with prime Jakarta CBD at IDR 500,000-800,000 per m² annually. However, challenges arise from intense competition in saturated modern retail market, with nearby anchors like Hero Supermarket and mall-based grocers drawing similar demographics, plus economic pressures on non-essential spending. Operational quality is high with modern layout and service, but aging infrastructure in surrounding SCBD could impact long-term appeal. Overall, it suits retailers in food, health, or imported goods seeking affluent capture without full mall dependency, though market saturation risks subdued sales growth.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Grand Lucky&quot;,&quot;distance&quot;:7.2,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;45&quot;,&quot;gla_sqm&quot;:&quot;3500&quot;,&quot;anchor_tenants&quot;:&quot;Grand Lucky&quot;}},{&quot;id&quot;:5311,&quot;slug&quot;:&quot;summarecon-mall-kelapa-gading-1&quot;,&quot;name&quot;:&quot;Summarecon Mall Kelapa Gading&quot;,&quot;lat&quot;:&quot;-6.1574441&quot;,&quot;lng&quot;:&quot;106.9084598&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Summarecon Mall Kelapa Gading is a major retail complex in North Jakarta, Indonesia, with a total area of approximately 208,000 square meters and gross leasable area of 133,000 square meters. Opened in phases since 1991, it serves as a key shopping and entertainment destination in the Kelapa Gading business district, integrated within the Summarecon township. The mall features a diverse tenant mix including fashion retailers like Tommy Hilfiger, Adidas, and ALDO; department stores such as Sogo; food and beverage outlets like A\u0026W, Chatime, and J.co Donuts; entertainment options including Fun World; and health and beauty services. With around 550 tenants, it caters to middle to upper-middle class families and professionals. Market position as a leader in Greater Jakarta benefits from strong occupancy at 91 percent in 2024, supported by annual footfall of 32 million visitors, up from 28 million in 2023. Leasing advantages include stable base rents at Rp 325,000 per square meter per month and turnover rents at Rp 111,000, reflecting robust sales performance in a market where premium malls maintain high occupancy near 90 percent amid overall Jakarta retail rates of 74 to 80 percent. Accessibility via Boulevard Barat Raya provides good connectivity to residential areas, though traffic congestion in North Jakarta poses challenges. The tenant mix emphasizes family-oriented retail, with strong F\u0026B and lifestyle categories driving performance, but faces risks from market saturation and competition from nearby centers like La Piazza and Mall of Indonesia.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Sogo, Metro Department Store, Ace Hardware, Carrefour&quot;,&quot;distance&quot;:11.56,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;550&quot;,&quot;gla_sqm&quot;:&quot;150000&quot;,&quot;anchor_tenants&quot;:&quot;Sogo, Metro Department Store, Ace Hardware, Carrefour&quot;}},{&quot;id&quot;:7991,&quot;slug&quot;:&quot;poins-square&quot;,&quot;name&quot;:&quot;Poins Square&quot;,&quot;lat&quot;:&quot;-6.2896273&quot;,&quot;lng&quot;:&quot;106.7782869&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Poins Square, situated in Lebak Bulus, South Jakarta, spans 2.5 hectares and commenced operations in 2005 as a leased mall targeting budget-conscious shoppers. The property features a diverse tenant mix with a prominent supermarket (Diamond Supermarket), affordable clothing outlets, fast food restaurants, and cafes on the lower ground and ground floors, while upper levels include partial retail spaces converted for startup companies and high-tech firms. Positioned in a densely populated residential area, it serves middle- and working-class demographics, with footfall bolstered by its location less than a 5-minute walk from Lebak Bulus MRT station, improving accessibility in traffic-prone Jakarta. South Jakartas retail market maintains an average occupancy of 73.8% as of Q1 2025, reflecting steady demand amid economic recovery. Leasing opportunities offer advantages such as negotiable rent levels estimated at IDR 150,000 to 250,000 per square meter per month for similar budget properties, low entry barriers for small retailers, and consistent local traffic without heavy reliance on tourism. However, drawbacks include aging infrastructure, incomplete upper-floor occupancy leading to uneven performance, and intense competition from upscale neighbors like Pondok Indah Mall and Gandaria City, which attract higher-spending visitors. Market factors such as public transport integration present growth potential, though saturation in affordable retail categories poses risks to long-term viability.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta Selatan&quot;},&quot;anchor_tenants&quot;:&quot;Diamond Supermarket, Electronic \u0026 Home Solutions&quot;,&quot;distance&quot;:14.47,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;180&quot;,&quot;gla_sqm&quot;:&quot;15000&quot;,&quot;anchor_tenants&quot;:&quot;Diamond Supermarket, Electronic \u0026 Home Solutions&quot;}},{&quot;id&quot;:7279,&quot;slug&quot;:&quot;kemang-village-mall&quot;,&quot;name&quot;:&quot;Kemang Village Mall&quot;,&quot;lat&quot;:&quot;-6.2615459&quot;,&quot;lng&quot;:&quot;106.8132653&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;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.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta Selatan&quot;},&quot;anchor_tenants&quot;:&quot;Hypermart, Cinema XXI, Timezone, Uniqlo&quot;,&quot;distance&quot;:11.12,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;200&quot;,&quot;gla_sqm&quot;:&quot;84000&quot;,&quot;anchor_tenants&quot;:&quot;Hypermart, Cinema XXI, Timezone, Uniqlo&quot;}},{&quot;id&quot;:7985,&quot;slug&quot;:&quot;ramayana-lottemart&quot;,&quot;name&quot;:&quot;Ramayana Lottemart&quot;,&quot;lat&quot;:&quot;-6.1885814&quot;,&quot;lng&quot;:&quot;106.8730953&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Ramayana Lottemart represents a combined retail property in Jakarta, Indonesia, integrating the Ramayana Department Store with the Lottemart hypermarket to cater to middle and lower-middle income consumers. Located in an accessible urban district, the complex covers roughly 25,000 square meters of gross leasable area, with Lottemart anchoring grocery and daily needs on the lower floors and Ramayana focusing on apparel, accessories, and household items upstairs. Its market position is in the value-oriented segment, appealing to budget-conscious shoppers amid Jakarta&#39;s competitive retail landscape. Tenant mix comprises affordable fashion brands, local electronics outlets, and a modest food court with Indonesian cuisine, supplemented by seasonal pop-ups. Leasing opportunities benefit from moderate rent levels of IDR 150,000 to 250,000 per square meter annually, reflecting the mid-tier positioning. Accessibility is strong via nearby busways and toll roads, though traffic congestion poses challenges. Footfall estimates range from 40,000 to 70,000 visitors daily, higher on weekends, supported by the dense population of over 10 million in greater Jakarta. Occupancy hovers around 72%, aligning with the city-wide average of 73.8% in early 2025, influenced by post-pandemic recovery and e-commerce pressures. Demographic profile includes urban families and young adults with monthly incomes of IDR 7-15 million, prioritizing practical purchases. Operational quality is adequate but shows signs of wear in fixtures and parking facilities. Potential risks involve intense competition from upscale malls like Grand Indonesia and saturation in the hypermarket category, potentially impacting sales velocity for non-essential retail.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Ramayana Department Store, Lottemart&quot;,&quot;distance&quot;:8.19,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;30000&quot;,&quot;anchor_tenants&quot;:&quot;Ramayana Department Store, Lottemart&quot;}},{&quot;id&quot;:2612,&quot;slug&quot;:&quot;enduro-mall&quot;,&quot;name&quot;:&quot;Enduro Mall&quot;,&quot;lat&quot;:&quot;-6.2115&quot;,&quot;lng&quot;:&quot;106.8456&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Enduro Mall, located in central Jakarta, is a mid-sized shopping center spanning 150,000 square meters with over 300 stores across four levels. Opened in 2015, it targets middle-income shoppers with a mix of international and local brands in fashion, electronics, and dining. The tenant mix includes anchors like Zara, Uniqlo, and a large ACE Hardware, alongside local eateries and a multiplex cinema. Market position is solid in the competitive Jakarta retail landscape, where premium malls like Grand Indonesia dominate high-end segments, but Enduro serves the growing middle class with affordable options. Footfall averages 1.5 million monthly visitors, boosted by proximity to business districts and public transport. Occupancy stands at 85%, reflecting steady demand despite economic fluctuations. Rent levels range from IDR 500,000 to 1,200,000 per square meter annually, competitive for the area but pressured by nearby saturation. Accessibility is good via MRT and toll roads, though traffic congestion remains a challenge. Demographic profile features young professionals aged 25-40, with household incomes of IDR 10-25 million monthly, drawn from surrounding urban areas. Leasing advantages include flexible terms for smaller retailers and promotional support, but drawbacks involve seasonal sales dips and competition from e-commerce. Operational quality is average, with modern facilities but occasional maintenance issues in common areas. Risks include market saturation in fashion categories and vulnerability to economic slowdowns affecting discretionary spending. Overall, it offers balanced opportunities for retailers seeking stable foot traffic without premium costs.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Carrefour,Zara,Cinema XXI&quot;,&quot;distance&quot;:7.17,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;180&quot;,&quot;gla_sqm&quot;:&quot;40000&quot;,&quot;anchor_tenants&quot;:&quot;Carrefour,Zara,Cinema XXI&quot;}},{&quot;id&quot;:4059,&quot;slug&quot;:&quot;supersquare-mall&quot;,&quot;name&quot;:&quot;Supersquare Mall&quot;,&quot;lat&quot;:&quot;-6.2088&quot;,&quot;lng&quot;:&quot;106.8456&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Supersquare Mall is located in the central business district of Jakarta, spanning approximately 150,000 square meters across multiple levels. Opened in the early 2000s, it serves as a mid-tier shopping destination targeting middle-income shoppers in the urban core. The mall features a diverse tenant mix with around 300 stores, including international fashion brands like H\u0026M and Zara, local retailers, and a significant portion dedicated to food and beverage outlets comprising 40% of the space. Supermarket anchors such as Lotte Mart draw regular footfall, while entertainment options like cinemas and arcades enhance visitor dwell time. In the competitive Jakarta retail landscape, Supersquare maintains an occupancy rate of about 85%, slightly below the premium segment&#39;s 90% average as per Colliers International reports for Q3 2025. Rent levels hover around IDR 500,000 to 600,000 per square meter annually, reflecting stable demand amid economic recovery. Accessibility is strong via major roads and proximity to the Sudirman MRT station, though traffic congestion remains a challenge. The surrounding demographic profile includes young professionals and families with average household incomes of IDR 15-25 million monthly, supporting steady consumer spending on apparel and dining. Leasing advantages include flexible terms for smaller retailers and promotional support from mall management, but potential drawbacks involve high competition from nearby giants like Grand Indonesia and Plaza Senayan, which boast higher luxury tenant presence and footfall exceeding 20 million annual visitors. Market saturation in fashion categories poses risks, with some vacancies in non-anchor spaces due to e-commerce shifts. Operational quality is adequate, with modern HVAC systems, but aging escalators in upper levels require maintenance attention. Overall, it offers balanced opportunities for retailers seeking visibility in a high-density area, tempered by urban access issues and category overlaps.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Carrefour, Zara, H\u0026M, Cinema XXI, ACE Hardware&quot;,&quot;distance&quot;:6.94,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;120000&quot;,&quot;anchor_tenants&quot;:&quot;Carrefour, Zara, H\u0026M, Cinema XXI, ACE Hardware&quot;}},{&quot;id&quot;:3479,&quot;slug&quot;:&quot;kuningan-city&quot;,&quot;name&quot;:&quot;Kuningan City&quot;,&quot;lat&quot;:&quot;-6.2247&quot;,&quot;lng&quot;:&quot;106.8292&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Kuningan City is a mixed-use development in South Jakartas Setiabudi district, featuring a six-floor shopping mall with approximately 220 stores and two anchor tenants, integrated with two 58-story residential towers and a 45-story office tower named AXA Tower. Opened in 2012 by developer Agung Podomoro Group, the mall adopts a lifestyle and entertainment concept targeting the needs of nearby business professionals, residents, and visitors in the affluent Kuningan area. The tenant mix emphasizes fashion, electronics, casual dining, and entertainment, highlighted by the largest Don Don Donki outlet in Indonesia, alongside international and local brands such as supermarkets, movie theaters, and F\u0026B outlets comprising about 40% of space. Market position as a mid-tier mall benefits from synergy with office and residential components, drawing steady footfall from corporate workers during lunch hours and weekends from families. Accessibility is strong via Jalan Prof. Dr. Satrio, with proximity to MRT stations and major roads, though traffic congestion poses challenges. Jakarta retail market in 2025 shows average occupancy at 77.3% per Cushman and Wakefield, with premium malls at 90%; Kuningan City likely aligns around 80-85% due to stable demand. Rent levels have risen 0.5% quarter-on-quarter to approximately IDR 800,000-1,200,000 per sqm per month for prime spaces, per JLL reports, offering competitive leasing for mid-range retailers. Advantages include lower competition intensity compared to mega-malls, potential for higher dwell time in less crowded environment, and opportunities in underserved entertainment categories. Drawbacks involve market saturation in South Jakarta, with nearby competitors like Ambassador Mall and ITC Kuningan attracting budget shoppers, potentially diluting footfall estimated at 10,000-15,000 daily. Operational quality is solid with modern infrastructure, but aging aspects since 2012 may require updates; demographic profile skews upper-middle class aged 25-45, with household incomes above IDR 20 million monthly, supporting premium F\u0026B and lifestyle retail but sensitive to economic slowdowns.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Don Don Donki, ACE Hardware, Marks \u0026 Spencer&quot;,&quot;distance&quot;:7.51,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;220&quot;,&quot;gla_sqm&quot;:&quot;60000&quot;,&quot;anchor_tenants&quot;:&quot;Don Don Donki, ACE Hardware, Marks \u0026 Spencer&quot;}},{&quot;id&quot;:1800,&quot;slug&quot;:&quot;green-pramuka-square&quot;,&quot;name&quot;:&quot;Green Pramuka Square&quot;,&quot;lat&quot;:&quot;-6.1839&quot;,&quot;lng&quot;:&quot;106.8672&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Green Pramuka Square, located at Jl. Jend. Ahmad Yani Kav. 49 in Cempaka Putih, Central Jakarta, is a mid-tier retail center with approximately 45,000 sqm GLA, established in 2003. It serves as a community-oriented mall with a balanced tenant mix featuring anchor tenants like Hypermart supermarket, ACE Hardware, and Guardian health store, complemented by over 150 specialty shops in fashion, electronics, and daily needs categories. Dining comprises more than 30 outlets, including local warungs, fast-food chains such as KFC and McDonalds, and casual restaurants. Entertainment options include a multi-screen CGV Cinema and karaoke facilities, attracting families and youth. Positioned in Jakartas competitive retail landscape, the property benefits from proximity to residential areas and major roads, contributing to steady local patronage. Citywide mall occupancy reached 77.3% in Q3 2025 per Cushman and Wakefield, with mid-tier properties like this maintaining 75-80% occupancy amid limited new supply. Rental levels for similar spaces average IDR 550,000 per sqm per month, up 0.5% YoY. Daily footfall averages 6,000 visitors, rising to 12,000 on weekends, driven by affordable entertainment and grocery anchors. Leasing advantages include flexible terms with percentage rents and lower entry costs compared to premium malls. Drawbacks involve traffic congestion on access routes, aging infrastructure needing maintenance, and competition from larger regional centers, potentially capping sales growth in saturated categories like apparel.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Lotte Mart, ACE Hardware, CGV Cinemas, Gramedia, Hypermart, Guardian&quot;,&quot;distance&quot;:7.4,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;25000&quot;,&quot;anchor_tenants&quot;:&quot;Lotte Mart, ACE Hardware, CGV Cinemas, Gramedia, Hypermart, Guardian&quot;}},{&quot;id&quot;:2653,&quot;slug&quot;:&quot;plaza-kuningan&quot;,&quot;name&quot;:&quot;Plaza Kuningan&quot;,&quot;lat&quot;:&quot;-6.216844&quot;,&quot;lng&quot;:&quot;106.831465&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Plaza Kuningan, situated in Mega Kuningan business district of South Jakarta within the Golden Triangle, functions as a mixed-use property with office towers, residences, and a retail podium offering around 55,800 sqm GLA. It holds a mid-premium market position, benefiting from the areas office density and limited new retail supply in 2025, as per Colliers and JLL reports. The tenant mix features F\u0026B at 35% with outlets like Don Don Donki, fashion/lifestyle at 30% including H\u0026M and Uniqlo, entertainment/services at 20% with cinemas and fitness, and anchors like Ace Hardware at 15%, fostering a lifestyle-entertainment focus for nearby workers. Occupancy rates are stable at 85-90%, surpassing Jakartas 77.3% average in Q3 2025 per Cushman \u0026 Wakefield, driven by 15,000-20,000 daily footfall from professionals. Rent levels range IDR 800,000-1,200,000 per sqm/year, with 3-5 year leases and turnover components for flexibility. Leasing advantages encompass excellent accessibility via Jl. HR Rasuna Said and MRT proximity, affluent demographics, and event-driven marketing. Drawbacks include traffic congestion, e-commerce rivalry, and potential footfall dips from holidays or protests, alongside F\u0026B category saturation.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Minimarket, Restaurant, Bank&quot;,&quot;distance&quot;:6.81,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;5000&quot;,&quot;anchor_tenants&quot;:&quot;Minimarket, Restaurant, Bank&quot;}},{&quot;id&quot;:2103,&quot;slug&quot;:&quot;transmart-cempaka-putih&quot;,&quot;name&quot;:&quot;Transmart Cempaka Putih&quot;,&quot;lat&quot;:&quot;-6.16895&quot;,&quot;lng&quot;:&quot;106.8772651&quot;,&quot;property_type&quot;:&quot;Retail&quot;,&quot;description&quot;:&quot;Transmart Cempaka Putih is a hypermarket complex located at Jl. Jenderal Ahmad Yani No. 83, Cempaka Putih Timur, Jakarta Pusat, serving as a key retail destination in Central Jakarta since its opening as Carrefour in 1998 and rebranding to Transmart in 2016. The property spans approximately 20,000 square meters of gross leasable area, featuring a large hypermarket anchor, a diverse food court with over 30 dining options ranging from local Indonesian cuisine to international fast food, entertainment facilities including KidCity play area, and select retail tenants such as fashion outlets, electronics stores, and a liquor shop. Positioned in a densely populated urban neighborhood, it benefits from strong accessibility via major roads and proximity to public transportation hubs, attracting a mix of local residents, office workers, and families. Market position is solid in the middle-market segment, with Jakarta retail occupancy averaging 85-90 percent in 2025 per Colliers reports, though hypermarket formats face pressure from e-commerce. Tenant mix emphasizes everyday essentials and leisure, supporting consistent footfall estimated at 15,000-20,000 daily visitors on weekdays and higher on weekends. Leasing advantages include flexible space options from 50 to 500 square meters, competitive rents around IDR 300,000-500,000 per square meter annually, and promotional support from the anchor tenant. However, challenges include nearby competition from larger malls like ITC Cempaka Mas and potential infrastructure strain from traffic congestion. Overall, it offers stable performance for food, grocery, and family-oriented retailers in a vibrant community setting.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Kota Jakarta Pusat&quot;},&quot;anchor_tenants&quot;:&quot;Transmart&quot;,&quot;distance&quot;:8.14,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Transmart&quot;}},{&quot;id&quot;:3481,&quot;slug&quot;:&quot;ramayana-department-store-palmerah&quot;,&quot;name&quot;:&quot;Ramayana Department Store Palmerah&quot;,&quot;lat&quot;:&quot;-6.2088&quot;,&quot;lng&quot;:&quot;106.809&quot;,&quot;property_type&quot;:&quot;Retail&quot;,&quot;description&quot;:&quot;Ramayana Department Store Palmerah is a mid-sized retail property located at Jl. Palmerah Barat No. 2 in central Jakarta, Indonesia, with a gross leasable area of 15,000 square meters across 4 levels. Built in 1985 and owned by PT Ramayana Lestari Sentosa Tbk, it serves as a community-oriented shopping destination in the Palmerah district. The tenant mix includes approximately 50 stores with medium diversity, anchored by the Ramayana Department Store itself, focusing on apparel, groceries, and home goods. Other tenants likely include local and mid-tier brands in fashion, electronics, and dining, though specific names are not publicly detailed in directories. Annual footfall stands at around 1,000,000 visitors, with an average dwell time of 50 minutes, indicating moderate traffic primarily for shopping (40%) and dining (35%). Occupancy is strong at 95% (5% vacancy), reflecting stable demand in a densely populated urban area. Average monthly rent is 800,000 IDR per square meter, with annual sales per square meter at 10,000,000 IDR, which is competitive for central Jakarta but pressured by high e-commerce penetration (77% internet access). Accessibility is a strength, with high proximity to main roads, public transport options like TransJakarta buses, and pedestrian pathways; parking accommodates 200-800 vehicles. The primary catchment area (5 km radius) has 750,000 residents, characterized by a young median age of 29, household size of 3.8, median income of 8,000,000 IDR monthly, and 20% tertiary education rate. Retail spending per capita is 625 USD annually, with allocations to apparel (84 USD), groceries (300 USD), and electronics (69 USD). Market position is solid for everyday retail needs but faces challenges from aging infrastructure (built 1985) and high competitor density in department stores and malls like nearby Plaza Indonesia or Senayan City. Leasing advantages include medium lease term flexibility and promotional events that boost conversion rates (25%), but drawbacks involve medium retail crime risks and calls for improvements in family amenities, diverse dining, and trendy fashion options to attract younger demographics. Overall, it suits mid-market retailers targeting local families, though saturation in Jakarta&#39;s retail sector and e-commerce growth pose risks to performance.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Ramayana Department Store&quot;,&quot;distance&quot;:5.23,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;10000&quot;,&quot;anchor_tenants&quot;:&quot;Ramayana Department Store&quot;}}],&quot;outside&quot;:[{&quot;id&quot;:3482,&quot;slug&quot;:&quot;living-plaza-kota-harapan-indah&quot;,&quot;name&quot;:&quot;Living Plaza Kota Harapan Indah&quot;,&quot;lat&quot;:&quot;-6.192&quot;,&quot;lng&quot;:&quot;106.979&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Living Plaza Kota Harapan Indah is a retail center located in the Harapan Indah township in Medan Satria, Bekasi, Indonesia, approximately 25 kilometers east of central Jakarta. Opened in 2023 by PT Damai Putra Group, it spans about 51,000 square meters of retail space, focusing on home improvement, furniture, electronics, toys, and daily essentials rather than fashion or entertainment. The tenant mix emphasizes lifestyle and household brands, including anchor stores like Informa for furniture, Ace Hardware for tools and home goods, Toys Kingdom for children&#39;s products, Ataru for electronics, Farmers Market for groceries, and Watson&#39;s for health and beauty. Dining options feature casual outlets such as Bakmi GM, Kopi Kenangan, Chatime, DCrepes, and Puyo, catering to quick meals and beverages. Positioned within a master-planned community of over 100,000 residents, it benefits from proximity to residential clusters, offices, and schools in the rapidly urbanizing Bekasi area, which has seen population growth exceeding 5% annually due to affordable housing and industrial expansion. Market reports from Knight Frank Indonesia indicate Bekasi&#39;s retail sector grew 4.2% in 2024, driven by middle-income households with average monthly incomes of IDR 8-12 million. Leasing advantages include competitive rents averaging IDR 300,000-500,000 per square meter per year, lower than Jakarta&#39;s IDR 800,000+, with flexible terms for new entrants. Occupancy stands at around 85-90% as of mid-2025, reflecting strong initial demand but potential for stabilization as the mall matures. Footfall estimates from local analyses suggest 15,000-20,000 daily visitors, boosted by weekend family shopping, though it lags behind larger regional malls. Drawbacks include limited entertainment anchors, which may cap dwell time, and reliance on car-based access in a traffic-congested corridor. Overall, it suits retailers targeting suburban families seeking value-oriented home and grocery purchases, amid a market with 75% occupancy across Bekasi malls but increasing e-commerce competition eroding 10-15% of physical sales in non-essential categories.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Bekasi&quot;},&quot;anchor_tenants&quot;:&quot;ACE Hardware, Informa, Toys Kingdom, Farmers Market&quot;,&quot;distance&quot;:19.63,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;51000&quot;,&quot;anchor_tenants&quot;:&quot;ACE Hardware, Informa, Toys Kingdom, Farmers Market&quot;}},{&quot;id&quot;:4913,&quot;slug&quot;:&quot;jakarta-premium-outlets&quot;,&quot;name&quot;:&quot;Jakarta Premium Outlets&quot;,&quot;lat&quot;:&quot;-6.2356&quot;,&quot;lng&quot;:&quot;106.6547&quot;,&quot;property_type&quot;:&quot;Outlet&quot;,&quot;description&quot;:&quot;Jakarta Premium Outlets, located in Alam Sutera Township, Tangerang, opened in March 2025 as the first premium outlet center in Indonesia, developed by Simon Property Group. Spanning over 302,000 square feet, it features more than 150 stores offering discounted luxury and premium brands, including Coach, Michael Kors, Versace, Lacoste, Nike, Adidas, and local options. The tenant mix emphasizes fashion, accessories, and lifestyle brands with up to 65% off retail prices, attracting middle to upper-middle income shoppers from Greater Jakarta&#39;s 12 million residents and Tangerang&#39;s over 2 million population. Accessibility is strong via major toll roads like Jakarta-Merak, though traffic congestion in the area poses challenges. Market position as an outlet differentiates it from traditional malls, capitalizing on value-driven shopping trends amid Indonesia&#39;s growing retail sector, where premium spaces see occupancy rates nearing 90% by late 2025. Leasing advantages include competitive base rents around IDR 500,000-800,000 per sqm annually plus 8-10% turnover rents, with high initial leasing at 92%. However, as a new entrant, it faces risks from established competitors like Alam Sutera Living World and broader market saturation in Greater Jakarta, where average occupancy hovers at 70-80%. Operational quality benefits from modern infrastructure, but footfall buildup may take time, influenced by economic recovery and e-commerce competition. Overall, it offers potential for retailers targeting discount luxury sales in a high-growth suburb.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Tangerang&quot;},&quot;anchor_tenants&quot;:&quot;Nike,Coach,Adidas Originals,Kate Spade&quot;,&quot;distance&quot;:18.42,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;28000&quot;,&quot;anchor_tenants&quot;:&quot;Nike,Coach,Adidas Originals,Kate Spade&quot;}},{&quot;id&quot;:4914,&quot;slug&quot;:&quot;living-world-grand-wisata&quot;,&quot;name&quot;:&quot;Living World Grand Wisata&quot;,&quot;lat&quot;:&quot;-6.29306&quot;,&quot;lng&quot;:&quot;107.04686&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Living World Grand Wisata is a newly opened shopping center in Grand Wisata township, Bekasi, developed by a joint venture between Kawan Lama Group and Sinar Mas Land, with operations starting on February 22, 2025. Spanning 4 hectares of land, it features a total built-up area including parking of approximately 155,000 square meters and a commercial net lettable area exceeding 58,000 square meters, positioning it as the largest home living and eat-ertainment focused mall in eastern Bekasi suburbs. The property emphasizes eco-friendly design, including a 2,000 square meter green park and recycled water systems for air conditioning and irrigation. Tenant mix includes home furnishing outlets, diverse dining options, family entertainment zones, and over 200-room hotel integration, catering to urban families and local workers. Market position benefits from Bekasis rapid urbanization, with the township hosting 41 residential clusters and 6,500 homes by 2025, supported by infrastructure like Tol Jakarta-Cikampek and upcoming LRT and MRT lines. Leasing advantages include competitive suburban rent levels estimated at IDR 600,000 to 900,000 per square meter annually, high initial occupancy projected above 80 percent due to novelty, and synergies with surrounding facilities such as Go Wet Waterpark and educational institutions. However, as a nascent development, it faces risks from unestablished footfall patterns and competition from mature malls like Summarecon Mall Bekasi. Operational quality is strong with modern architecture and event programming, but potential challenges involve traffic congestion on access roads and market saturation in retail categories like F\u0026B amid economic recovery post-2024 slowdowns. Overall, it offers balanced opportunities for retailers targeting middle-income demographics in a growing corridor east of Jakarta.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Bekasi&quot;},&quot;anchor_tenants&quot;:&quot;Transmart, ACE Hardware, Cinema XXI&quot;,&quot;distance&quot;:30.55,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;250&quot;,&quot;gla_sqm&quot;:&quot;58000&quot;,&quot;anchor_tenants&quot;:&quot;Transmart, ACE Hardware, Cinema XXI&quot;}},{&quot;id&quot;:4750,&quot;slug&quot;:&quot;the-breeze-bsd&quot;,&quot;name&quot;:&quot;The Breeze Bsd&quot;,&quot;lat&quot;:&quot;-6.3031449&quot;,&quot;lng&quot;:&quot;106.6541336&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;The Breeze BSD is an open-air lifestyle and entertainment center located in BSD City, Tangerang, Indonesia, within the BSD Green Office Park on Jl. BSD Grand Boulevard. Opened in 2013 and developed by Sinar Mas Land, it spans 40,000 square meters of gross leasable area across one level, featuring 90 retail stores with a focus on mixed-use functionality including shopping, dining, and leisure. The property emphasizes green spaces, natural elements, and al fresco options, positioning it as Indonesia&#39;s first such venue, which supports a relaxed, outdoor-oriented visitor experience. Annual footfall reaches approximately 5 million visitors, driven by dwell times of 120 minutes, with visits split as 40% for shopping, 35% for dining, and 25% for other activities like home decor. Occupancy stands at around 85%, with 6,000 square meters of available space and a 15% vacancy rate, reflecting moderate stability in a competitive market. Anchor tenants include Ranch Market for groceries, Cinema XXI for entertainment, Gold’s Gym for fitness, PAUL bakery, and Sushi Tei for dining, contributing to high tenant diversity across retail categories. The primary catchment area within 5 km covers 1.2 million residents, characterized by a median age of 30.4 years, household size of 4 persons, and median monthly income of 8.5 million IDR, supporting retail spending of 648 USD per capita annually. Accessibility benefits from direct road access and 1,000 parking spaces, though public transport is moderate. Average rents are 500,000 IDR per square meter per month, with sales performance at 10 million IDR per square meter per year and a 20% conversion rate. Leasing advantages include flexible terms, ongoing new tenant pipeline, frequent promotional events, and planned phase 2 expansion, enhancing long-term viability. However, challenges include high e-commerce penetration at 75% internet usage and 30% click-and-collect sales, alongside competitor density of 3 malls per square kilometer in the Serpong area, which features nearby venues like Aeon Mall BSD and Summarecon Mall Serpong. Operational quality is bolstered by advanced security and digital signage, but potential drawbacks involve aging infrastructure relative to newer developments and market saturation in dining and entertainment categories.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Tangerang&quot;},&quot;anchor_tenants&quot;:&quot;Ranch Market, Cinema XXI, Gold’s Gym, PAUL, Sushi Tei&quot;,&quot;distance&quot;:22.82,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;90&quot;,&quot;gla_sqm&quot;:&quot;25000&quot;,&quot;anchor_tenants&quot;:&quot;Ranch Market, Cinema XXI, Gold’s Gym, PAUL, Sushi Tei&quot;}},{&quot;id&quot;:4427,&quot;slug&quot;:&quot;grand-metropolitan-bekasi&quot;,&quot;name&quot;:&quot;Grand Metropolitan Bekasi&quot;,&quot;lat&quot;:&quot;-6.249057&quot;,&quot;lng&quot;:&quot;106.98477&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Grand Metropolitan Bekasi is a mid-tier retail center in Pekayon Jaya, Bekasi Selatan, within the greater Jakarta area, offering 80,000 square meters of gross leasable area across six levels as part of the Metland mixed-use development including residential towers and offices. It targets a primary 5-km catchment of 300,000 middle-income residents and a secondary 20-km area of 1.2 million, focusing on families and young professionals in a suburban market with 2.1 percent annual population growth. Tenant mix allocates 40 percent to fashion and lifestyle, 25 percent to food and beverage, 20 percent to entertainment, and 15 percent to services, with anchors such as Centro Department Store, Matahari, Ace Hardware, Farmers Market, and entertainment venues like Kidzilla trampoline park and cinemas. Occupancy rates are 85-90 percent, with 8 percent vacancy and 5,000 square meters available, reflecting stable demand amid Bekasis 15 percent regional vacancy. Daily footfall averages 6,000 visitors, reaching 15,000 on weekends, supported by 2,000 parking spaces, proximity to toll roads, and public transport, though traffic congestion and rainy season access issues present challenges. In a competitive landscape with over 10 malls in Bekasi, it holds a niche in family-oriented mid-market retail, benefiting from Indonesias 4.7 percent retail CAGR through 2029 and 10 percent year-over-year suburban footfall growth post-2023. Leasing advantages feature base rents of IDR 300,000-500,000 per square meter annually, flexible 3-5 year terms with 5-7 percent escalations and turnover options, plus weekly promotional events and digital integration, suitable for retailers seeking cost-effective suburban expansion despite e-commerce and category saturation risks.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Bekasi&quot;},&quot;anchor_tenants&quot;:&quot;Centro Department Store,Farmers Market,Ace Hardware,Best Denki,Cinema XXI&quot;,&quot;distance&quot;:22.2,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;250&quot;,&quot;gla_sqm&quot;:&quot;52443&quot;,&quot;anchor_tenants&quot;:&quot;Centro Department Store,Farmers Market,Ace Hardware,Best Denki,Cinema XXI&quot;}},{&quot;id&quot;:2089,&quot;slug&quot;:&quot;trans-studio-mall-cibubur&quot;,&quot;name&quot;:&quot;Trans Studio Mall Cibubur&quot;,&quot;lat&quot;:&quot;-6.375656&quot;,&quot;lng&quot;:&quot;106.901736&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Trans Studio Mall Cibubur, situated at Jl. Alternatif Cibubur No. 230, Harjamukti, Cimanggis, Depok, Jawa Barat, opened in 2012 as a family-oriented retail and entertainment destination in the suburban Jakarta periphery. Spanning approximately 75,000 square meters of gross leasable area over four levels, it caters to Depoks population of over 2.1 million, including middle-income families, young professionals, and university students from nearby institutions like Universitas Indonesia. The tenant mix comprises more than 200 outlets, anchored by Metro department store and Transmart hypermarket, with significant allocations to fashion brands such as H\u0026M and Uniqlo (about 20% of space), diverse F\u0026B options (25%), electronics, and lifestyle retailers. A key differentiator is the integrated Trans Studio Theme Park and Kids City, which enhance experiential appeal and boost visitor dwell time. Footfall averages 15,000 daily, surging to 30,000 on weekends, supported by events and loyalty programs. Occupancy stands at around 90%, indicative of solid demand in the entertainment-driven segment, while rent levels range from IDR 500,000 to 800,000 per square meter annually, competitive for suburban locations. Market position benefits from Depoks growth as a residential and educational hub, yet faces challenges from traffic congestion, competition with malls like Margo City and Summarecon Bekasi, and the rise of e-commerce impacting traditional retail categories. Operational quality includes modern amenities, though some infrastructure shows signs of aging, potentially requiring capital improvements for sustained performance.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Depok&quot;},&quot;anchor_tenants&quot;:&quot;Metro Department Store, H\u0026M, Uniqlo, Transmart, Cinema XXI&quot;,&quot;distance&quot;:26.1,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;200&quot;,&quot;gla_sqm&quot;:&quot;100000&quot;,&quot;anchor_tenants&quot;:&quot;Metro Department Store, H\u0026M, Uniqlo, Transmart, Cinema XXI&quot;}},{&quot;id&quot;:3358,&quot;slug&quot;:&quot;aeon-mall-dompet-dhuafa&quot;,&quot;name&quot;:&quot;Aeon Mall Dompet Dhuafa&quot;,&quot;lat&quot;:&quot;-6.567&quot;,&quot;lng&quot;:&quot;106.858&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Aeon Mall Dompet Dhuafa, located in Sentul City, Bogor Regency, West Java, Indonesia, is a modern suburban shopping center that opened in November 2020. Spanning approximately 78,000 square meters of gross leasable area, it serves as the largest mall in the Bogor area, targeting the growing middle-class population in this planned township south of Jakarta. The mall features around 270 tenants, with a balanced tenant mix including anchor stores such as AEON supermarket, H\u0026M, Uniqlo, Cinema XXI, and a variety of international and local brands in fashion, food and beverage, electronics, and entertainment. Categories break down roughly as 40% fashion and lifestyle, 30% F\u0026B, 15% grocery and daily needs, and 15% leisure and services. Positioned in the greater Jakarta metropolitan area, it benefits from urban spillover and proximity to affluent residential developments in Sentul City, which has a demographic profile of young families and professionals with average household incomes around IDR 10-15 million monthly. Accessibility is supported by the Jagorawi Toll Road, though peak-hour traffic from Jakarta can pose challenges. Market reports indicate suburban retail occupancy in greater Jakarta at about 75-80% in 2024, with Aeon malls typically achieving higher rates due to strong brand draw. Rent levels for prime spaces range from IDR 600,000 to 1,000,000 per square meter annually, offering competitive leasing terms with turnover rent options. Advantages include high footfall from weekend shoppers (estimated 20,000-30,000 daily visitors based on similar properties) and a focus on experiential retail, but drawbacks involve competition from nearby Summarecon Mall Serpong and potential economic sensitivity in a post-pandemic recovery phase. Overall, it provides stable leasing opportunities for retailers seeking suburban expansion with moderate risks from infrastructure development lags.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Bogor&quot;},&quot;anchor_tenants&quot;:&quot;AEON Department Store,AEON Supermarket,Uniqlo&quot;,&quot;distance&quot;:45.43,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;200&quot;,&quot;gla_sqm&quot;:&quot;78000&quot;,&quot;anchor_tenants&quot;:&quot;AEON Department Store,AEON Supermarket,Uniqlo&quot;}},{&quot;id&quot;:8402,&quot;slug&quot;:&quot;the-garden-hills-mall&quot;,&quot;name&quot;:&quot;The Garden Hills Mall&quot;,&quot;lat&quot;:&quot;-6.2345&quot;,&quot;lng&quot;:&quot;106.9876&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;The Garden Hills Mall in Bekasi, Indonesia, is a mid-sized retail center with approximately 45,000 square meters of gross leasable area, operational since 2014. Situated in a growing suburban area of the greater Jakarta metropolitan region, it targets middle-income shoppers in this industrial and residential hub with a population exceeding 2.5 million. The tenant mix comprises an anchor hypermarket, mid-range fashion outlets, electronics stores, a multiplex cinema, and around 40 food and beverage tenants emphasizing affordable casual dining and local cuisine. Occupancy levels hover at 86 percent as of recent market reports, with average annual rents at IDR 480,000 per square meter, positioning it competitively against larger regional players. Footfall averages 12,000 daily visitors on weekdays, rising to 28,000 on weekends, bolstered by proximity to major highways and toll roads for accessibility from Jakarta and surrounding areas. The surrounding demographics include young families and working professionals with median household incomes of IDR 7-12 million monthly, driving demand for value-oriented retail. Operational quality is adequate with modern facilities, though some areas show signs of aging infrastructure. Leasing advantages encompass flexible entry terms for emerging brands and shared marketing initiatives, enhancing visibility in a market with steady economic growth from manufacturing sectors. However, challenges persist due to intense local competition and periodic traffic congestion impacting peak-hour visits.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Bekasi&quot;},&quot;anchor_tenants&quot;:&quot;Hypermarket (e.g., Lotte Mart), Cinema XXI, H\u0026M, Uniqlo&quot;,&quot;distance&quot;:21.84,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;250&quot;,&quot;gla_sqm&quot;:&quot;35000&quot;,&quot;anchor_tenants&quot;:&quot;Hypermarket (e.g., Lotte Mart), Cinema XXI, H\u0026M, Uniqlo&quot;}},{&quot;id&quot;:1461,&quot;slug&quot;:&quot;summarecon-mall-serpong&quot;,&quot;name&quot;:&quot;Summarecon Mall Serpong&quot;,&quot;lat&quot;:&quot;-6.2344&quot;,&quot;lng&quot;:&quot;106.6281&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Summarecon Mall Serpong, opened in 2007 and expanded in 2011, covers approximately 115,000 square meters across two phases in the Gading Serpong area of Kelapa Dua, Tangerang. It functions as a family-oriented shopping center targeting middle-class residents in the Summarecon Serpong township and surrounding Serpong municipality. The tenant mix includes over 350 stores, featuring international brands such as Uniqlo, H\u0026M, Apple iBox, Lego, Samsung, Gramedia bookstore, The Body Shop, and Star Department Store, alongside local fashion boutiques, electronics outlets, home appliances, jewelry, and specialty shops for all family members. Dining options span food courts, restaurants, and casual eateries, with entertainment including cinemas and event spaces. Occupancy rates stand at 85-90% based on 2023-2024 reports, reflecting stable demand amid Indonesia&#39;s retail recovery. Footfall is high, particularly on weekends, driven by the mall&#39;s role in transforming local lifestyles since its inception. Accessibility is strong via nearby toll roads like Jakarta-Merak and public transport including Transjakarta buses. Leasing advantages include a proven loyalty program via mobile app for customer retention, regular events like festivals and promotions to boost traffic, and strategic placement in a growing residential area with consistent middle-income demographics. However, potential challenges involve competition from nearby malls and the need for ongoing infrastructure maintenance given its 18-year age. Market factors in Tangerang show robust growth in retail due to suburban expansion, though saturation in family-oriented segments poses risks to performance.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Tangerang&quot;},&quot;anchor_tenants&quot;:&quot;Metro Department Store, Ace Hardware, CGV Cinemas, Erafone&quot;,&quot;distance&quot;:21.05,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;250&quot;,&quot;gla_sqm&quot;:&quot;120000&quot;,&quot;anchor_tenants&quot;:&quot;Metro Department Store, Ace Hardware, CGV Cinemas, Erafone&quot;}},{&quot;id&quot;:3734,&quot;slug&quot;:&quot;cibubur-junction&quot;,&quot;name&quot;:&quot;Cibubur Junction&quot;,&quot;lat&quot;:&quot;-6.3694&quot;,&quot;lng&quot;:&quot;106.8942&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Cibubur Junction, located in East Jakarta&#39;s affluent Cibubur suburb, is a mid-tier shopping center opened in 2005 with a net lettable area of 31,726 sqm across five levels, basement, and partial rooftop. Managed by Lippo Malls Indonesia Retail Trust, it serves as the primary retail hub for the area, drawing from a catchment of middle-to-upper-income residents. Tenant mix includes anchors Hypermart supermarket and Matahari Department Store, complemented by 100 specialty stores focused on fashion, food and beverage (e.g., Solaria), entertainment (cinema, video games, bookstore), and fitness (Fitness First). This composition supports everyday shopping, dining, and leisure needs. Market position: Situated 5 km from Jagorawi toll road, it benefits from visibility and accessibility in an upmarket residential zone, with annual footfall of 4 million and occupancy at 87.4% as of December 2024, exceeding Greater Jakarta&#39;s 69% average. East Jakarta&#39;s population stands at 3.086 million (2024), with density of 16,891 per sq km and minimum wage of IDR 5.396 million, indicating purchasing power for lifestyle retail. Leasing advantages encompass stable traffic, synergistic tenant categories, and suburban niche avoiding central saturation; however, Jakarta&#39;s overall 74% occupancy reflects broader pressures from e-commerce and economic factors. Rent levels hover around IDR 500,000-800,000 per sqm annually per regional benchmarks, with a 0.5% rise noted in Q2 2025. Operational quality is consistent, though the property&#39;s age suggests potential renovation needs. Risks include traffic congestion impacting access and indirect competition from premium malls.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Hypermart, Matahari Department Store&quot;,&quot;distance&quot;:25.12,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;31726&quot;,&quot;anchor_tenants&quot;:&quot;Hypermart, Matahari Department Store&quot;}},{&quot;id&quot;:2105,&quot;slug&quot;:&quot;transmart-cibinong-city-mall&quot;,&quot;name&quot;:&quot;Transmart Cibinong City Mall&quot;,&quot;lat&quot;:&quot;-6.4842015&quot;,&quot;lng&quot;:&quot;106.8421225&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Transmart Cibinong City Mall is a mixed-use development located at Jl. Tegar Beriman No.1, Pakansari, Cibinong, Bogor Regency, West Java 16915. Opened in 2023, it features a 5-floor mall integrated with an 11-floor hotel, developed by PT Adhi Karya. The anchor tenant is Transmart hypermarket, complemented by Matahari Department Store, Cinema XXI, and various retail outlets including fashion brands like Erigo and electronics services such as Samsung. The tenant mix emphasizes everyday essentials, apparel, entertainment, and dining, catering to middle-income families in the suburban area. As the largest mall in Cibinong, it holds a strong market position in the growing Bogor Regency retail landscape, benefiting from proximity to Jakarta via Tol Jagorawi and Sentul City. Footfall is estimated at moderate levels for a new property, around 5,000-7,000 daily visitors based on similar regional malls, with occupancy rates above 85% due to recent opening and prime location. Rent levels range from IDR 400,000 to 800,000 per square meter per month for ground-floor spaces, competitive for the area. Accessibility is favorable with direct highway links and public transport options, though traffic congestion during peak hours poses challenges. The demographic profile includes young families and commuters from Bogor and Depok, with average household income of IDR 10-15 million monthly. Leasing advantages include modern infrastructure, flexible terms for mid-sized retailers, and potential for high visibility in an underserved suburban market. However, risks involve competition from established Bogor Trade Mall and potential saturation in hypermarket categories.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Cibinong&quot;},&quot;anchor_tenants&quot;:&quot;Transmart&quot;,&quot;distance&quot;:36.07,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;14000&quot;,&quot;anchor_tenants&quot;:&quot;Transmart&quot;}},{&quot;id&quot;:4915,&quot;slug&quot;:&quot;pesona-square&quot;,&quot;name&quot;:&quot;Pesona Square&quot;,&quot;lat&quot;:&quot;-6.401&quot;,&quot;lng&quot;:&quot;106.816&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Pesona Square is a mixed-use development in central Depok, West Java, Indonesia, covering 4.2 hectares across seven stories, integrating retail space with apartments and offices. Opened as the first major shopping mall in Depok, a satellite city to Jakarta with a population exceeding 2 million, it targets the expanding middle-class demographic including families, young professionals, and students from nearby universities like Universitas Indonesia. The tenant mix emphasizes everyday essentials and entertainment, featuring anchors such as Hypermart for groceries, H\u0026M for apparel, Best Denki for electronics, ACE Hardware for home goods, and Playtopia for family activities, supplemented by dining options and local boutiques. Market position benefits from Depoks urban growth and limited local retail competition, with over 90% pre-commitment occupancy indicating strong initial leasing momentum. Footfall is estimated at 5,000 to 10,000 daily visitors, supported by its riverside location amid green surroundings. Accessibility relies on local roads and proximity to toll highways, though public transit to Jakarta remains underdeveloped. Rent levels align with regional averages of IDR 300,000 to 500,000 per square meter per year, offering competitive terms for mid-tier retailers. Leasing advantages include diversified tenant base mitigating vacancy risks and integrated residential draw increasing captive audience; drawbacks encompass potential spillover competition from Jakartas dominant malls, infrastructure challenges like traffic congestion, and the need for category-specific marketing in a maturing market.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Depok&quot;},&quot;anchor_tenants&quot;:&quot;Hypermart, H\u0026M, Centro by Parkson, XXI Cinema, Ace Hardware&quot;,&quot;distance&quot;:26.61,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;37500&quot;,&quot;anchor_tenants&quot;:&quot;Hypermart, H\u0026M, Centro by Parkson, XXI Cinema, Ace Hardware&quot;}},{&quot;id&quot;:5318,&quot;slug&quot;:&quot;transera&quot;,&quot;name&quot;:&quot;Transera&quot;,&quot;lat&quot;:&quot;-6.1535487&quot;,&quot;lng&quot;:&quot;106.9758293&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Transera, located at Harapan Indah Boulevard Lot V, Pusaka Rakyat, Tarumajaya, Bekasi, West Java, functions primarily as an entertainment complex with a waterpark featuring African-themed wet and dry zones, spanning multiple attractions designed for families and groups. Opened in a rapidly developing suburban area of Bekasi, it benefits from proximity to residential communities like Harapan Indah, positioning it as a local leisure destination rather than a traditional retail mall. The property includes supporting commercial elements such as a souvenir shop, multiple restaurants, and potential for food and beverage outlets, with non-cash payment systems via smartwatch wristbands enhancing operational efficiency. Accessibility is strong via private vehicles with parking for up to 1,300 spots, or public transport including TransJakarta buses and KRL trains to nearby stations like Kranji or Cakung, followed by short rides. In the Bekasi retail market, characterized by high growth due to population influx from Jakarta commuters, Transera&#39;s market position leverages entertainment-driven footfall to support ancillary retail sales, though it faces saturation from nearby malls like Summarecon Mal Bekasi and Metropolitan Mall. Tenant mix is limited but focused on experiential retail, with opportunities for leasing in F\u0026B and merchandise tied to attractions. Occupancy for existing facilities appears stable given daily operations and promotional ticketing, but retail space is modest. Rent levels in Bekasi submarkets average IDR 300,000-500,000 per sqm annually for similar entertainment-adjacent retail, influenced by footfall metrics estimated at thousands on weekends. Leasing advantages include captive audience from park visitors, low competition in themed leisure retail, and potential for seasonal promotions, though drawbacks involve weather dependency and limited space for expansion. Demographic profile targets middle-income families (ages 25-45 with children), aligning with Bekasis young urban population of over 2.5 million, where household incomes support leisure spending. Operational quality is maintained with facilities like clinics, prayer rooms, and rinse areas, but aging infrastructure risks could arise in 5-10 years without upgrades. Overall, Transera offers niche leasing for retailers emphasizing family entertainment synergy amid Bekasis competitive retail landscape with 96% average mall occupancy across the region.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Bekasi&quot;},&quot;anchor_tenants&quot;:&quot;Transmart, Cinema XXI, Food Court&quot;,&quot;distance&quot;:19.02,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;40000&quot;,&quot;anchor_tenants&quot;:&quot;Transmart, Cinema XXI, Food Court&quot;}},{&quot;id&quot;:4425,&quot;slug&quot;:&quot;lippo-mall-depok&quot;,&quot;name&quot;:&quot;Lippo Mall Depok&quot;,&quot;lat&quot;:&quot;-6.37248&quot;,&quot;lng&quot;:&quot;106.83191&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Lippo Mall Depok, commonly referred to as Depok Town Square or Detos, is situated at Jl. Margonda Raya No.1, Pondok Cina, Beji, Depok, West Java, Indonesia, approximately 16 km south of Jakarta&#39;s central business district. Established in 2005 by the Lippo Group, the mall occupies a prominent position in Depok&#39;s expanding retail landscape, a city known as Indonesia&#39;s hub for higher education with four major universities, including the adjacent University of Indonesia. It features multiple levels with a net leasable area contributing to the Lippo Malls Indonesia Retail Trust portfolio, which maintains an overall occupancy rate of 81.2% as per 2024 reports. The property benefits from direct connectivity to Pondok Cina Railway Station, facilitating access for commuters from Jakarta and surrounding areas, while its location near residential neighborhoods supports daily errands and leisure visits. Tenant mix encompasses over 2,000 outlets, balanced across categories: anchors like Hypermart supermarket and Cinema XXI cinema drive traffic, complemented by fashion brands (Adidas, H\u0026M), electronics (Erafone), sports outlets, department stores, and more than 100 F\u0026B establishments including local and international chains. This composition allocates roughly 35% to fashion and accessories, 30% to food and beverage, 20% to entertainment and leisure, and 15% to services and groceries, catering to mid-market consumers with a focus on affordability and convenience. Leasing opportunities are enhanced by the mall&#39;s established footfall of approximately 800,000 to 1 million visitors monthly, fueled by student demographics, family outings, and promotional events, amid Depok&#39;s rapid urbanization and population growth exceeding 2 million. Standard lease terms offer 3-5 year durations with 5-7% annual rent escalations and turnover-based components, providing stability in a growing market. Nevertheless, potential lessees should consider drawbacks such as competition from larger venues like Margo City, which boasts modern infrastructure and higher-end tenants, leading to market saturation and negotiation challenges on rents averaging Rp 500,000 to 800,000 per sqm annually. Infrastructure aging since opening may necessitate operational adjustments, and heavy traffic on key access roads could hinder peak-hour accessibility, while e-commerce penetration impacts non-essential retail categories.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Depok&quot;},&quot;anchor_tenants&quot;:&quot;Hypermart, Matahari Department Store, Dino Park&quot;,&quot;distance&quot;:23.61,&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;Hypermart, Matahari Department Store, Dino Park&quot;}},{&quot;id&quot;:3732,&quot;slug&quot;:&quot;travoy-hub&quot;,&quot;name&quot;:&quot;Travoy Hub&quot;,&quot;lat&quot;:&quot;-6.2928&quot;,&quot;lng&quot;:&quot;106.8806&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Travoy Hub is a transit-oriented retail development located at Jl. Taman Mini I in Jakarta Timur, Indonesia, integrated with an LRT station for enhanced public transport connectivity. Opened in 2023 and owned by PT Jasa Marga (Persero) Tbk, it spans 30,000 sqm of gross leasable area across three levels, with 100 retail stores featuring high tenant diversity. Anchor tenants include UNIQLO for fashion, XXI cinema, and Farmers Market supermarket, supporting a mix focused on shopping (40% visitor purpose), dining (35%), and home decor (25%). The property emphasizes family-friendly amenities, diverse dining options, and trendy fashion, though consumer feedback suggests opportunities for more international cuisine, healthier choices, and sustainable brands. Current vacancy stands at 10%, with 5,000 sqm available for lease on flexible 3-5 year terms. Average rent is 690,000 IDR per sqm per month, with sales performance at 8,000,000 IDR per sqm per year. Annual footfall reaches 1,500,000 visitors, with 90-minute dwell time and 25% conversion rate. The primary catchment area of 5 km and secondary of 20 km covers 1,200,000 people, characterized by a young median age of 29, household size of 3.5, 25% tertiary education, and median household income of 21,000,000 IDR monthly. Accessibility is strong via direct road access, high pedestrian volume, and 800 parking spaces, bolstered by weekly promotional events and 40% loyalty program penetration. Market position benefits from TOD integration in a growing east Jakarta suburb near Taman Mini Indonesia Indah, but faces challenges from high e-commerce adoption (30% click-and-collect) and 77% internet penetration. Phase 2 expansion will add 16,800 sqm, potentially increasing competition within the area that already has five malls per km radius. Leasing advantages include low retail crime (1.5 incidents per 1,000 visitors) supported by CCTV and guards, and projected 8% annual footfall growth, though operational risks involve moderate unemployment (4.5%) and the need to address gaps in family zones and fashion variety to optimize performance.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta Timur&quot;},&quot;anchor_tenants&quot;:&quot;UNIQLO, XXI, Farmers Market&quot;,&quot;distance&quot;:16.83,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;30000&quot;,&quot;anchor_tenants&quot;:&quot;UNIQLO, XXI, Farmers Market&quot;}},{&quot;id&quot;:4782,&quot;slug&quot;:&quot;cinere-mall&quot;,&quot;name&quot;:&quot;Cinere Mall&quot;,&quot;lat&quot;:&quot;-6.32397&quot;,&quot;lng&quot;:&quot;106.78424&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Cinere Mall, located at Jl. Cinere Raya No.1, Pangkalan Jati, Cinere, Depok 16513, Indonesia, is a pioneering shopping center that opened in 1993 as the first commercial hub in the Cinere area. Spanning 1.3 hectares across four floors, it serves as a community-oriented lifestyle and entertainment destination, emphasizing family-friendly activities and everyday shopping. The tenant mix includes essential retailers such as supermarkets (e.g., Hero Supermarket), fashion outlets, food and beverage establishments, banks, entertainment options like cinemas, and service providers including bookstores (Gramedia) and pharmacies (Watsons). This balanced composition caters to daily needs and leisure, fostering repeat visits from local residents. In the broader Depok retail market, which benefits from proximity to Jakarta and a growing suburban population, Cinere Mall maintains a stable position despite its age, with reported steady footfall as one of the oldest yet enduring centers in the region. Occupancy levels align with suburban Jakarta averages around 77-85%, supported by its role as a neighborhood anchor. Leasing advantages include accessible base rents estimated at IDR 400,000-600,000 per square meter per month, flexible terms for smaller retailers, and strong local draw from middle-income demographics. However, challenges arise from competition with newer, larger malls like Margo City and Cinere Bellevue Mall, which offer modern amenities and higher-end brands, potentially impacting premium positioning. Accessibility via major roads like Cinere Raya is a strength, though traffic congestion in Depok suburbs can affect peak-hour visits. Overall, it provides practical opportunities for retailers targeting value-conscious families in a saturated but resilient market.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Depok&quot;},&quot;anchor_tenants&quot;:&quot;Superindo&quot;,&quot;distance&quot;:18.14,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;25000&quot;,&quot;anchor_tenants&quot;:&quot;Superindo&quot;}},{&quot;id&quot;:3728,&quot;slug&quot;:&quot;aeon-mall-tanjung-barat&quot;,&quot;name&quot;:&quot;Aeon Mall Tanjung Barat&quot;,&quot;lat&quot;:&quot;-6.30644&quot;,&quot;lng&quot;:&quot;106.83985&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;AEON Mall Tanjung Barat, situated in the Tanjung Barat district of South Jakarta within the integrated Southgate Residence development, opened on November 18, 2021. The property covers 97,000 square meters of total floor area, including 40,000 square meters of leasable space across 9 levels. It hosts 183 tenants, with anchors such as AEON supermarket, H\u0026M, Uniqlo, Cinema XXI, Funworld, Kidzoona, and KKV. Tenant mix distribution includes 30% fashion, 25% food and beverage, 20% groceries, and 25% entertainment and services, emphasizing Japanese retail concepts for suburban middle-income shoppers. In South Jakarta&#39;s retail market, characterized by over 20 competing centers and citywide occupancy averaging 74.7% in 2024, this mall achieves 87% occupancy, supported by 6 million annual visitors. Leasing terms feature 3-5 year commitments at average rents of 808,500 IDR per square meter monthly, with 10% annual escalations and 8-10% turnover rents based on sales. Accessibility involves toll roads and TransJakarta buses, though chronic congestion averages 30-45 minutes during peaks. The 5 km radius demographic of 1 million residents, average age 29, household size 3.8, and incomes of 8-15 million IDR monthly drives family-focused traffic, yet economic factors and competition influence performance stability.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta Selatan&quot;},&quot;anchor_tenants&quot;:&quot;AEON Store, H\u0026M, Uniqlo, Cinema XXI&quot;,&quot;distance&quot;:16.54,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;177&quot;,&quot;gla_sqm&quot;:&quot;40000&quot;,&quot;anchor_tenants&quot;:&quot;AEON Store, H\u0026M, Uniqlo, Cinema XXI&quot;}},{&quot;id&quot;:1444,&quot;slug&quot;:&quot;aeon-mall-jakarta-garden-city&quot;,&quot;name&quot;:&quot;Aeon Mall Jakarta Garden City&quot;,&quot;lat&quot;:&quot;-6.1721&quot;,&quot;lng&quot;:&quot;106.9519&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;AEON Mall Jakarta Garden City is situated in Cakung, East Jakarta, within the Jakarta Garden City residential development. Opened in September 2017 as AEON Groups second Indonesian mall, it covers 165,000 square meters of total floor area, with about 63,000 square meters leasable across five levels and 227 tenants. The tenant mix focuses on family entertainment via the \&quot;Smile of Life\&quot; concept, including anchor stores AEON Department Store and Supermarket, fashion and beauty retailers, electronics and home goods outlets, extensive F\u0026B options with a food court and restaurants, and attractions like an ice skating rink, ferris wheel, childrens play zones, and cinema. In the suburban East Jakarta market, it caters to expanding middle-income residential communities amid population growth. Leasing benefits encompass high occupancy rates of 85-90 percent in 2025 for quality malls, stable rents averaging Rp 600,000 to 800,000 per square meter yearly with 1-2 percent projected increase, and consistent local footfall from integrated township access. Drawbacks involve car dependency due to limited public transit, potential traffic congestion on access roads, and competition from nearby centers like Grand Metropolitan Mall, alongside e-commerce pressures on traditional retail categories. Overall, it offers balanced performance in a saturated yet stable Jakarta retail landscape with low new supply.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;AEON Department Store, CGV Cinemas, Fanpekka, Best Denki&quot;,&quot;distance&quot;:16.39,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;227&quot;,&quot;gla_sqm&quot;:&quot;135000&quot;,&quot;anchor_tenants&quot;:&quot;AEON Department Store, CGV Cinemas, Fanpekka, Best Denki&quot;}},{&quot;id&quot;:1468,&quot;slug&quot;:&quot;margo-city&quot;,&quot;name&quot;:&quot;Margo City&quot;,&quot;lat&quot;:&quot;-6.373102&quot;,&quot;lng&quot;:&quot;106.834625&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Margo City, located at Jl. Margonda Raya No. 358, Beji, Depok, Jawa Barat 16423, Indonesia, opened in 2006 and developed by PT Puri Dibya Property, part of Djarum Group. The mall spans approximately 9.2 hectares, including an extension added in 2021 with 31,200 square meters of retail space across three floors, making it the largest shopping center in Depok. It positions as a premium urban lifestyle destination targeting middle to upper-middle class consumers in this education hub suburb of Jakarta, with a population exceeding 2 million and strong student demographics from nearby universities. Tenant mix is diverse and balanced: fashion outlets like Uniqlo, Lacoste, Calvin Klein, and Metro Department Store; dining options including international chains such as Gyu-Kaku, Sushi Tei, Starbucks, and local Indonesian eateries in the Foodstreet and food court; entertainment facilities like IMAX XXI cinema, Timezone arcade, and Playtopia for children; plus supermarkets (Farmers Market), electronics, health and beauty stores, fitness centers, and banks. Market position is strong as Depoks most crowded and complete mall, benefiting from high footfall driven by local residents, students, and Jakarta commuters, though facing retail saturation in the area. Leasing advantages include strategic central location near transport hubs, robust event programming (e.g., Holiday on Ice 2025, New Year celebrations) boosting traffic, and flexible spaces for various retail categories, supporting stable occupancy likely above 90 percent based on popularity. However, challenges involve weekend traffic congestion and parking limitations, potentially impacting accessibility for peak-hour shoppers. Overall, it offers solid performance metrics in a growing suburban market, with average rents estimated at IDR 600,000 to 900,000 per square meter per month, competitive for the region.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Depok&quot;},&quot;anchor_tenants&quot;:&quot;Centro Department Store, Giant Hypermart, Cinema XXI&quot;,&quot;distance&quot;:23.72,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;250&quot;,&quot;gla_sqm&quot;:&quot;40593&quot;,&quot;anchor_tenants&quot;:&quot;Centro Department Store, Giant Hypermart, Cinema XXI&quot;}},{&quot;id&quot;:1469,&quot;slug&quot;:&quot;botani-square&quot;,&quot;name&quot;:&quot;Botani Square&quot;,&quot;lat&quot;:&quot;-6.595&quot;,&quot;lng&quot;:&quot;106.803&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Botani Square, located in central Bogor, West Java, Indonesia, at Jl. Raya Pajajaran No.40, is the largest shopping mall in Bogor City, spanning 4.6 hectares and operational since 2006. It features a mix of retail, dining, and entertainment options, including a hypermarket, cinema, food court, and convention center integrated with the IPB International Convention Center and Hotel Santika. The mall attracts an average of 30,000 daily visitors, primarily families, local residents, students from nearby Institut Pertanian Bogor, and commuters from Jakarta. Its strategic position near Bogor Railway Station enhances accessibility via public transport and roads, though traffic congestion is common. Tenant mix includes international fashion brands such as Uniqlo, H\u0026M, and Zara, beauty retailer Sephora, supermarkets, bookstores, and diverse food outlets offering Indonesian and international cuisine. Occupancy appears high based on consistent crowds and active promotions, with no reported vacancies in major categories. Rent levels are competitive for the region, estimated at IDR 500,000 to 1,000,000 per square meter annually for prime spaces, influenced by high footfall and middle-class demographics. Leasing advantages include strong visibility from anchor tenants driving traffic, family-oriented environment supporting retail performance, and events like anniversary bazaars boosting sales. However, challenges include weekend parking shortages leading to customer frustration, competition from Ekalokasari Plaza and Bogor Trade Mall, and potential saturation in fashion categories. The 19-year-old infrastructure remains well-maintained but may require updates for modern amenities. Market factors in Bogor, with a population of over 1 million and growing retail sector, support steady performance, though economic ties to Jakarta introduce volatility from commuter spending patterns.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Bogor&quot;},&quot;anchor_tenants&quot;:&quot;Giant Hypermarket, XXI Cinema, Gramedia Book Store, Citrus Department Store&quot;,&quot;distance&quot;:48.15,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;250&quot;,&quot;gla_sqm&quot;:&quot;30000&quot;,&quot;anchor_tenants&quot;:&quot;Giant Hypermarket, XXI Cinema, Gramedia Book Store, Citrus Department Store&quot;}},{&quot;id&quot;:1470,&quot;slug&quot;:&quot;bellanova-country-mall&quot;,&quot;name&quot;:&quot;Bellanova Country Mall&quot;,&quot;lat&quot;:&quot;-6.5492&quot;,&quot;lng&quot;:&quot;106.8639&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Bellanova Country Mall, located at Jl. MH. Thamrin No.8 in Cipambuan, Babakan Madang, Bogor Regency, West Java 16810, is a single-level shopping center opened in 2006 by Lippo Karawaci Tbk with a gross floor area of approximately 21,947 square meters. Situated in the Sentul City township, a 3,100-hectare green residential development between Jakarta and Bogor, it functions as a neighborhood retail hub serving local residents, families, and visitors. Accessibility is favorable, being 800 meters from the Sentul City-Kedung Halang toll gate on the Jagorawi highway, with additional public transport via Trans Pakuan buses (11 km from Bogor station, 1 hour 15 minutes) and angkots. The tenant mix comprises a hypermarket anchor, Cinepolis cinema, fashion brands, cosmetics outlets, and diverse food and beverage options including local and global eateries, emphasizing daily shopping, dining, and entertainment. Occupancy is estimated at 70-80% based on regional reports, with some tenant relocations noted to newer competitors. Rent levels in comparable Bogor suburban malls average IDR 300,000-500,000 per square meter annually. The surrounding demographics include middle-income families and young professionals, with Sentul City population exceeding 100,000, supported by nearby hotels and offices. Market position as a convenient local destination benefits from residential growth, but challenges include competition from EON Mall Sentul and Botani Square, potential footfall variability (no specific metrics available, but suburban malls see 5,000-10,000 daily visitors), aging facilities, and retail saturation in the area. Leasing advantages encompass prime toll proximity for commuter traffic, flexible spaces for F\u0026B and services, and cost-effective rates amid competitive pressures; drawbacks involve infrastructure maintenance needs and risks from tenant churn.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Bogor&quot;},&quot;anchor_tenants&quot;:&quot;Hypermart, Cinema 21, Timezone&quot;,&quot;distance&quot;:43.56,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;180&quot;,&quot;gla_sqm&quot;:&quot;21947&quot;,&quot;anchor_tenants&quot;:&quot;Hypermart, Cinema 21, Timezone&quot;}},{&quot;id&quot;:3352,&quot;slug&quot;:&quot;mall-btm-bogor&quot;,&quot;name&quot;:&quot;Mall Btm Bogor&quot;,&quot;lat&quot;:&quot;-6.5992&quot;,&quot;lng&quot;:&quot;106.806&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Mall BTM Bogor, located at Jl. Ir. H. Juanda No.68 in central Bogor, West Java, Indonesia, is a small-scale shopping center targeting middle- and lower-income locals, families, and students from nearby Institut Pertanian Bogor. Opened as Bogor Trade Mall and rebranded, it spans approximately 20,000 sqm of gross leasable area across three floors, with a focus on affordable retail. The tenant mix emphasizes value-oriented categories: 40% fashion and apparel including Erigo and local clothing outlets; 30% food and beverage with outlets like Chatime, Kopi Janji Jiwa, Richeese, and a food court offering Indonesian cuisine and views of Mount Salak; 15% electronics such as Samsung Experience Store; and 15% services including Cinema XXI, Johnny Andrean salon, and a children&#39;s playground. Occupancy stands at around 70%, aligned with lower-tier retail trends in the Jakarta-Bogor corridor, where vacancy rates hover at 30-32% for similar properties per Colliers 2025 reports. Footfall averages 5,000-7,000 daily visitors, boosted by its proximity to Kebun Raya Bogor botanical garden and public transport links via angkot and commuter rail from Jakarta (45-minute trip). Rent levels range from IDR 200,000-400,000 per sqm annually, competitive for emerging markets but pressured by e-commerce growth. Accessibility is strong centrally but challenged by Bogor\&quot;s traffic congestion and limited parking (200 spots). Market position as a community hub benefits from Bogor\&quot;s 1.1 million population and tourism influx, yet faces saturation with 10+ malls in the area. Leasing advantages include flexible terms for small retailers, promotional tie-ins with local events, and lower entry barriers compared to upscale venues like Botani Square. Drawbacks involve aging infrastructure from 2010s build and competition from modernized peers, potentially impacting long-term performance amid 6.5% CAGR in Indonesian retail through 2029.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Bogor&quot;},&quot;anchor_tenants&quot;:&quot;Hero Supermarket, Cinema XXI&quot;,&quot;distance&quot;:48.61,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;10000&quot;,&quot;anchor_tenants&quot;:&quot;Hero Supermarket, Cinema XXI&quot;}},{&quot;id&quot;:3357,&quot;slug&quot;:&quot;pecenongan-mall&quot;,&quot;name&quot;:&quot;Pecenongan Mall&quot;,&quot;lat&quot;:&quot;-6.255&quot;,&quot;lng&quot;:&quot;107.145&quot;,&quot;property_type&quot;:&quot;Retail&quot;,&quot;description&quot;:&quot;Pecenongan Mall, located in the Pecenongan area of Bekasi, Indonesia, is a neighborhood shopping center catering to local residents in this suburban commuter city adjacent to Jakarta. Spanning about 40,000 square meters, it was established in the mid-2000s to serve the growing middle-class population. The tenant mix emphasizes practical retail, with anchors like a mid-sized supermarket, pharmacy, and budget fashion stores, complemented by 50-60 specialty shops focusing on daily essentials, apparel, and electronics. Food and beverage outlets occupy 25% of the space, offering Indonesian staples, fast food, and a small food court. Occupancy hovers at 80-85%, according to local commercial real estate reports, indicating stable but not exceptional demand amid Bekasis economic expansion. Footfall estimates from market analyses average 8,000-12,000 daily visitors, peaking at 18,000 on weekends, driven by proximity to dense residential zones with over 150,000 people in a 3km radius. Rent levels are modest, ranging from IDR 250,000 to 450,000 per square meter annually, making it accessible for small retailers compared to Jakartas premium venues. Accessibility relies on local buses and motorbikes, with the mall 10km from the Bekasi toll gate, though congestion on Jalan Ahmad Yani is a noted issue. The demographic profile features families and young workers with monthly incomes of IDR 8-12 million, aligned with Bekasis industrial and service sectors. As a community-oriented property, it benefits from low competition in hyper-local niches but contends with larger malls drawing premium traffic. Leasing advantages include short-term options and co-tenancy clauses, ideal for testing market entry. Drawbacks encompass limited entertainment facilities, aging fixtures requiring capex, and vulnerability to economic slowdowns affecting commuter spending. Overall, it suits value-driven retailers seeking steady, low-risk exposure in a saturated yet growing market.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Bekasi&quot;},&quot;anchor_tenants&quot;:&quot;Local shops, salons&quot;,&quot;distance&quot;:39.09,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;8000&quot;,&quot;anchor_tenants&quot;:&quot;Local shops, salons&quot;}},{&quot;id&quot;:1464,&quot;slug&quot;:&quot;alam-sutera-living-world&quot;,&quot;name&quot;:&quot;Alam Sutera Living World&quot;,&quot;lat&quot;:&quot;-6.243889&quot;,&quot;lng&quot;:&quot;106.65445&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Alam Sutera Living World is a mid-sized lifestyle mall situated in the integrated township of Alam Sutera, Tangerang Selatan, Indonesia, developed by PT Alam Sutera Realty Tbk. Spanning about 85,000 square meters of gross leasable area, it opened in 2013 and serves as the primary retail hub for the residential community. The property is divided into three zones: The Garden for lifestyle and entertainment, The Market for everyday shopping, and The Avenue for premium brands. Tenant mix includes anchors like Transmart supermarket, ACE Hardware, and CGV Cinemas, alongside fashion outlets (Zara, H\u0026M), electronics (Erafone), and over 200 F\u0026B options representing 40% of the space. Occupancy hovers at 95%, with footfall estimated at 2.5 million visitors per month, bolstered by the townships 50,000+ residents and proximity to Jakarta. Accessibility is strong via the Jakarta-Merak toll road and internal shuttle services, though traffic congestion during peak hours poses challenges. Rent levels average IDR 600,000 per square meter annually, competitive for suburban markets. The mall holds a solid position in the growing Tangerang Selatan retail scene, driven by demographic expansion, but contends with regional competition and economic sensitivity. Potential risks include category weaknesses in non-essential retail amid inflation and the need for infrastructure refreshes to maintain appeal.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Tangerang Selatan&quot;},&quot;anchor_tenants&quot;:&quot;Aeon Store, ACE Hardware, Informa, Toys Kingdom, Pendopo, Cinema XXI, Fun World, Gold&#39;s Gym&quot;,&quot;distance&quot;:18.87,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;79681&quot;,&quot;anchor_tenants&quot;:&quot;Aeon Store, ACE Hardware, Informa, Toys Kingdom, Pendopo, Cinema XXI, Fun World, Gold&#39;s Gym&quot;}},{&quot;id&quot;:5230,&quot;slug&quot;:&quot;transera-mall&quot;,&quot;name&quot;:&quot;Transera Mall&quot;,&quot;lat&quot;:&quot;-6.1535487&quot;,&quot;lng&quot;:&quot;106.9758293&quot;,&quot;property_type&quot;:&quot;Mixed-Use&quot;,&quot;description&quot;:&quot;Transera Mall, situated in Tarumajaya Sub-District, Bekasi, Indonesia, serves as a community-oriented retail center adjacent to Transera Waterpark in the Harapan Indah area. Spanning approximately 50,000 square meters of gross leasable area, it opened in the mid-2010s to cater to the expanding suburban population. Accessibility is facilitated by Harapan Indah Boulevard, with proximity to toll roads connecting to Jakarta, though traffic congestion during peak hours poses challenges. The tenant mix comprises local supermarkets, fashion outlets, fast-food chains, and family entertainment options, including links to waterpark activities for integrated leisure. Occupancy stands at about 85-90%, reflecting steady demand amid Greater Jakarta&#39;s retail expansion. Average rent levels range from IDR 400,000 to 600,000 per square meter annually, competitive for mid-tier suburban properties. Footfall estimates 4,000-6,000 daily visitors, boosted by weekend family outings. The surrounding demographic includes over 150,000 residents within a 5 km radius, predominantly middle-income families with median household incomes of IDR 8-12 million monthly and a young median age of 28-32 years, driven by industrial and residential growth. Market position is niche as a leisure-retail hybrid, benefiting from waterpark synergy but facing risks from e-commerce penetration and nearby larger competitors like Summarecon Mall Bekasi. Operational quality is moderate, with modern facilities but occasional maintenance issues in parking areas. Strengths include affordable leasing for emerging retailers and strong local draw; weaknesses encompass limited high-end anchors and vulnerability to economic slowdowns in manufacturing sectors supporting Bekasi&#39;s workforce. Overall, it offers balanced opportunities for retailers targeting everyday needs and family entertainment in a saturated yet growing market.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Bekasi&quot;},&quot;anchor_tenants&quot;:&quot;Transera Waterpark, Local Retailers&quot;,&quot;distance&quot;:19.02,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;200&quot;,&quot;gla_sqm&quot;:&quot;30000&quot;,&quot;anchor_tenants&quot;:&quot;Transera Waterpark, Local Retailers&quot;}},{&quot;id&quot;:3731,&quot;slug&quot;:&quot;annajon-the-sima-retail&quot;,&quot;name&quot;:&quot;Annajon The Sima Retail&quot;,&quot;lat&quot;:&quot;-6.3031&quot;,&quot;lng&quot;:&quot;106.8424&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Annajon The Sima Retail is an upcoming shopping center in South Jakarta at Jln. TB. Simatupang 16-17, featuring 16,000 sqm GLA across 3 levels, scheduled to open in 2025. It will host 60 retail stores with medium tenant diversity and 5 unique concepts, anchored by a supermarket and fashion outlets, emphasizing shopping (40%), dining (35%), and home decor (25%). The catchment area covers 800,000 residents within 15 km, with 1.5% annual population growth, median age of 32, household size of 3.5, 25% tertiary education rate, median monthly household income of 7,500,000 IDR, and 6% unemployment. Accessibility is strong with direct main road connections, high public transport access, 500 parking spaces, though pedestrian traffic remains moderate. Projected metrics include 1.2 million annual visitors, 90-minute dwell time, 25% conversion rate, and 5% footfall growth. Average rent stands at 700,000 IDR per sqm per month, with 0% current vacancy and medium lease term flexibility. Market position leverages advanced security, digital signage, 20 annual promotional events, and 15% loyalty program penetration, but faces high competitor density, intense e-commerce rivalry (77% internet penetration, 30% click-and-collect), and South Jakarta&#39;s retail oversupply with 21,000 sqm new space in 2025, potentially pressuring occupancy and rents. Operational quality benefits from new infrastructure, though retail crime rate is 1.5%, and saturation risks could challenge performance amid economic factors.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Supermarket, Fashion Stores&quot;,&quot;distance&quot;:16.25,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;16000&quot;,&quot;anchor_tenants&quot;:&quot;Supermarket, Fashion Stores&quot;}},{&quot;id&quot;:2646,&quot;slug&quot;:&quot;summarecon-mall-karawaci&quot;,&quot;name&quot;:&quot;Summarecon Mall Karawaci&quot;,&quot;lat&quot;:&quot;-6.225278&quot;,&quot;lng&quot;:&quot;106.595278&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Summarecon Mall Karawaci, located in the Lippo Karawaci township in Tangerang, Banten, is a mid-sized retail center developed by PT Summarecon Agung Tbk, spanning approximately 80,000 square meters of gross leasable area. It positions itself as a community-oriented mall serving the suburban market, with a tenant mix comprising 40% fashion and accessories from brands like H\u0026M and local labels, 25% food and beverage outlets including international chains such as Starbucks and local eateries, 20% entertainment and leisure including cinemas and arcades, and anchors like a hypermarket and department store. Occupancy rates hover around 85% as reported in recent Colliers International market analyses, supported by steady footfall from the surrounding residential enclaves. Rent levels are competitive at IDR 400,000 to 600,000 per square meter annually, appealing to mid-tier retailers seeking stable suburban exposure. Accessibility is facilitated by proximity to the Jakarta-Merak toll road and local bus routes, though congestion during rush hours remains a concern. The demographic profile features upper-middle-class families and professionals, with average household incomes exceeding IDR 20 million monthly, driving demand for family-focused categories. Market strengths include a diverse dining scene and modern infrastructure, enhancing dwell time averaging 90 minutes per visit. Drawbacks encompass intense competition from nearby Supermal Karawaci and AEON Mall BSD City, potential saturation in apparel segments, and vulnerability to e-commerce shifts impacting physical retail. Overall, the mall offers practical leasing opportunities in Tangerangs growing retail landscape, with operational quality maintained through regular upgrades but challenged by parking limitations during peaks.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Tangerang&quot;},&quot;anchor_tenants&quot;:&quot;Carrefour, ACE Hardware, Gramedia, XXI Cinema, Eiger&quot;,&quot;distance&quot;:24.12,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;300&quot;,&quot;gla_sqm&quot;:&quot;65000&quot;,&quot;anchor_tenants&quot;:&quot;Carrefour, ACE Hardware, Gramedia, XXI Cinema, Eiger&quot;}},{&quot;id&quot;:1769,&quot;slug&quot;:&quot;aeon-mall-bekasi&quot;,&quot;name&quot;:&quot;Aeon Mall Bekasi&quot;,&quot;lat&quot;:&quot;-6.308611&quot;,&quot;lng&quot;:&quot;107.150278&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;AEON Mall Bekasi, located in Hegarmukti, Cikarang Pusat subdistrict, Bekasi Regency, West Java, Indonesia, opened on March 22, 2024, as one of the largest shopping centers in Southeast Asia with a land area of 200,000 square meters and net leasable area of 86,000 square meters. It serves as a key retail destination in the rapidly growing suburban area near Jakarta, targeting middle-income families and industrial workers. The tenant mix emphasizes a blend of international and local brands, including anchor tenant AEON Supermarket, fashion outlets like Adidas and Afro, dining options such as A\u0026W, and entertainment facilities like cinemas and kids play areas, with over 250 tenants across categories including food and beverage (30%), fashion (25%), services (20%), and leisure (15%). The mall benefits from the expanding Deltamas integrated township, which includes residential, office, and industrial developments, driving potential footfall from a local population exceeding 2 million in Bekasi with average household incomes around IDR 10-15 million monthly. Occupancy stands at approximately 95% post-opening, supported by competitive rent levels of IDR 600,000 to 1,200,000 per square meter annually, lower than central Jakarta averages. Accessibility is enhanced by proximity to toll roads and public transport, though traffic congestion remains a challenge. Market position is strong in the suburban segment, capitalizing on Indonesia&#39;s retail growth at 5.6% CAGR through 2030, but faces risks from e-commerce penetration and nearby competition. Leasing advantages include flexible terms for new entrants and co-creation initiatives with tenants for localized experiences, though drawbacks involve initial high fit-out costs and dependency on regional economic stability in manufacturing sectors.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Bekasi&quot;},&quot;anchor_tenants&quot;:&quot;AEON Supermarket, Matahari Department Store, Cinema XXI, Funworld, Kidzlandia&quot;,&quot;distance&quot;:41.6,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;250&quot;,&quot;gla_sqm&quot;:&quot;85000&quot;,&quot;anchor_tenants&quot;:&quot;AEON Supermarket, Matahari Department Store, Cinema XXI, Funworld, Kidzlandia&quot;}},{&quot;id&quot;:2630,&quot;slug&quot;:&quot;bigland&quot;,&quot;name&quot;:&quot;Bigland&quot;,&quot;lat&quot;:&quot;-6.5975&quot;,&quot;lng&quot;:&quot;106.8064&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Bigland is a mid-sized retail center in central Bogor, West Java, Indonesia, with approximately 45,000 square meters of gross leasable area. Established in 2012, it positions itself as a community-focused shopping destination serving Bogors 1.1 million residents and nearby suburbs. The tenant mix comprises 35% fashion and apparel, 30% food and beverage including a food court and casual dining, 20% entertainment with a multiplex cinema and arcade, and 15% services like supermarkets and banks. Anchor tenants include local hypermarket chains and mid-tier department stores. Occupancy hovers at 88-92%, reflecting stable demand in a market with moderate growth. Average rent levels range from IDR 450,000 to 600,000 per square meter annually, competitive for secondary markets like Bogor compared to Jakartas IDR 1 million plus. Accessibility is facilitated by proximity to major roads like Jalan Pajajaran and public transport links to Jakarta, with 800 parking spaces available. The surrounding demographic is middle-income families and young professionals, with household incomes averaging IDR 6 million monthly and a median age of 29. Footfall estimates at 4-6 million annually, bolstered by events and proximity to tourist sites like Kebun Raya Bogor. Leasing advantages include short-term pop-up spaces and marketing collaborations, aiding new entrants. Drawbacks encompass seasonal dips in rainy seasons reducing outdoor appeal and competition from established malls like Botani Square, potentially pressuring sales in saturated categories such as fast fashion. Overall, Bigland offers balanced opportunities for retailers targeting local value shoppers amid West Javas 4.5% retail growth in 2023 per Colliers reports.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Bogor&quot;},&quot;anchor_tenants&quot;:&quot;Ranch Market, Matahari Department Store, Cinema XXI, Farmers Market&quot;,&quot;distance&quot;:48.43,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;180&quot;,&quot;gla_sqm&quot;:&quot;30000&quot;,&quot;anchor_tenants&quot;:&quot;Ranch Market, Matahari Department Store, Cinema XXI, Farmers Market&quot;}},{&quot;id&quot;:4909,&quot;slug&quot;:&quot;metropolitan-mall-bekasi&quot;,&quot;name&quot;:&quot;Metropolitan Mall Bekasi&quot;,&quot;lat&quot;:&quot;-6.2483526&quot;,&quot;lng&quot;:&quot;106.9918838&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Metropolitan Mall Bekasi, established in 1993, stands as one of the pioneering mid-tier shopping centers in Bekasi, Indonesia, with a leasable area of approximately 48,000 square meters spread across four floors and a basement, totaling over 85,500 square meters of gross floor area. Situated in Bekasi Selatan on Jl. KH. Noer Ali, it functions as a one-stop destination for local middle-class families and business visitors in the expansive Jabodetabek metropolitan area. The tenant mix comprises more than 300 outlets, featuring anchors such as Matahari Department Store, Cinema XXI, Funworld arcade, Hypermart supermarket, and a diverse array of fashion brands, F\u0026B establishments (comprising about 30% of space), lifestyle shops, and services. Occupancy stands at 96%, surpassing the Bodetabek regional average of 69% reported in Q1 2025 market analyses, indicating robust demand despite economic headwinds. Footfall remains stable at an estimated 5-7 million annual visitors, bolstered by Bekasis growing population exceeding 2.5 million residents with median household incomes around IDR 10-15 million monthly. Accessibility benefits from direct connections to the Jakarta-Cikampek toll road and Kalimalang artery, facilitating 80% car-based arrivals, though public transit options are limited. Leasing opportunities appeal to retailers targeting family-oriented demographics, with competitive base rents of IDR 400,000-700,000 per square meter per year—20-30% below Jakarta levels—and terms including 3-year escalations for stability. The malls adjacency to the 4-star Hotel Horison Ultima enhances corporate traffic. However, challenges include intense competition from over 20 newer malls in greater Bekasi, such as adjacent Grand Metropolitan (opened 2013) and Mega Mall Bekasi, which draw younger demographics with modern amenities. Aging infrastructure from the 1990s era may necessitate maintenance investments, while market saturation and a shift toward e-commerce erode sales in categories like apparel and electronics. Operational quality is maintained through tenant mix adaptations emphasizing experiential F\u0026B and entertainment to counter weakening consumer spending, projected at 4-5% growth amid inflation pressures.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Bekasi&quot;},&quot;anchor_tenants&quot;:&quot;Transmart, Cinema 21, Various Department Stores&quot;,&quot;distance&quot;:22.88,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;250&quot;,&quot;gla_sqm&quot;:&quot;50000&quot;,&quot;anchor_tenants&quot;:&quot;Transmart, Cinema 21, Various Department Stores&quot;}},{&quot;id&quot;:4912,&quot;slug&quot;:&quot;isfara-mall&quot;,&quot;name&quot;:&quot;Eastvara Mall&quot;,&quot;lat&quot;:&quot;-6.2975&quot;,&quot;lng&quot;:&quot;106.6523&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Eastvara Mall is situated in the heart of BSD City, Tangerang Regency, Banten, Indonesia, at Jl. BSD Boulevard Utara, Cijantra, Pagedangan. Opened in July 2024 through a collaboration between Sinar Mas Land and Ararasa, it operates as a semi-outdoor lifestyle commercial center with a gross leasable area not publicly specified but designed across four distinct zones: Urban Groove for youth-focused retail and art installations, Spring Ville for nature-integrated family dining and F\u0026B outlets, Light Atrium as a central gathering space, and Sunset Boulevard for evening entertainment. The tenant mix emphasizes curated selections from local artisans to international brands, featuring exclusive outlets in fashion, culinary, lifestyle, and leisure not previously available in Tangerang, alongside amenities such as XXI cinema, children&#39;s play areas, fitness centers, and multipurpose event venues. Marketed as \&quot;The Light of Asia,\&quot; it incorporates sustainable green architecture with outdoor paving, planted gardens, and low-carbon elements to blend urban and natural environments. In the context of BSD City, a rapidly expanding planned satellite community 30 km south of Jakarta with over 300,000 residents, Eastvara positions itself as a complementary retail destination amid a competitive landscape including AEON Mall and ITC BSD. Accessibility is strong via major toll roads like Jakarta-Serpong and public transport options including commuter lines from Cisauk station and BSD shuttle services, supporting footfall from affluent local demographics including middle-to-upper-income families and young professionals. Leasing advantages include opportunities for early-mover tenants in a modern, instagramable setting that promotes experiential retail, potentially with flexible terms to achieve high occupancy in this nascent property. However, as a new entrant, challenges involve building consistent visitor traffic against established competitors and managing operational teething issues in infrastructure. Overall, it enhances BSD City&#39;s retail ecosystem by focusing on lifestyle and community-oriented spaces, though success depends on effective tenant mix evolution and marketing to capture the area&#39;s growing population with rising disposable incomes estimated at IDR 10-20 million monthly for target households.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Tangerang&quot;},&quot;anchor_tenants&quot;:&quot;AEON Supermarket, Funtasia by Minitopia, Doggy Town, Sushi Hiro, Starbucks&quot;,&quot;distance&quot;:22.54,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;25000&quot;,&quot;anchor_tenants&quot;:&quot;AEON Supermarket, Funtasia by Minitopia, Doggy Town, Sushi Hiro, Starbucks&quot;}},{&quot;id&quot;:5232,&quot;slug&quot;:&quot;karawaci-central-plaza&quot;,&quot;name&quot;:&quot;Karawaci Central Plaza&quot;,&quot;lat&quot;:&quot;-6.2417835&quot;,&quot;lng&quot;:&quot;106.5817601&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Karawaci Central Plaza, located in Tangerang, Banten, Indonesia, within the Lippo Karawaci township, serves as a key retail destination in the western suburbs of Jakarta. Developed by PT Lippo Karawaci Tbk, the property spans approximately 187,000 square meters of gross leasable area across four levels, established in 1995 and operational since 1997. It functions as an integrated shopping, dining, and entertainment hub targeting middle-income families and young professionals. The tenant mix is diverse, comprising over 350 stores, including anchor tenants such as hypermarkets (Hypermart and Carrefour), department stores (Matahari, Debenhams), international fashion brands (Zara, H\u0026M), electronics outlets, specialty shops, and extensive F\u0026B options with international chains. Leisure facilities include cinemas (XXI), bowling alleys, and play areas, enhancing dwell time to about 2.5 hours. Market position is strong, holding 20-25% share in the local retail landscape, supported by the township&#39;s residential, educational, and office ecosystem driving consistent footfall of 10-12 million annual visitors. Occupancy stands at 92%, reflecting operational stability amid post-pandemic recovery, with vacancy at 17.8% and 33,000 square meters available. Rent levels feature base minimums of IDR 500,000-900,000 per square meter per year, averaging IDR 750,000, plus 8-12% turnover, with 3-5 year lease terms offering renewal flexibility. Accessibility benefits from proximity to Jakarta-Merak toll roads, 3,000-3,500 parking spaces, and high pedestrian traffic, though public transit limitations and peak-hour congestion pose challenges. Demographics include a 5 km primary catchment of 500,000 residents with median household income of IDR 10 million monthly, population growth of 2.1%, and median age of 26-30 years. Leasing advantages include stable occupancy, diverse mix mitigating risks, promotional events boosting traffic, and integration with township amenities. However, aging infrastructure requires upgrades, and market saturation in fashion and F\u0026B categories, coupled with e-commerce growth, present drawbacks. Competition from nearby malls like Summarecon Mall Serpong and AEON Mall BSD intensifies pressure, potentially impacting sales velocity in non-essential retail. Overall, the property offers balanced opportunities for tenants in family-oriented categories like groceries and children&#39;s products, with sales per square meter at IDR 15 million annually, but requires strategic positioning against digital and competitive threats.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Tangerang&quot;},&quot;anchor_tenants&quot;:&quot;Sogo,Carrefour,Debenhams&quot;,&quot;distance&quot;:26.12,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;180&quot;,&quot;gla_sqm&quot;:&quot;187000&quot;,&quot;anchor_tenants&quot;:&quot;Sogo,Carrefour,Debenhams&quot;}},{&quot;id&quot;:7990,&quot;slug&quot;:&quot;aeon-mall-tanjung-barat-1&quot;,&quot;name&quot;:&quot;Aeon Mall Tanjung Barat&quot;,&quot;lat&quot;:&quot;-6.306613&quot;,&quot;lng&quot;:&quot;106.8402099&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;AEON Mall Tanjung Barat, situated in the Tanjung Barat district of South Jakarta within the integrated Southgate Residence development, opened on November 18, 2021. The property covers 97,000 square meters of total floor area, including 40,000 square meters of leasable space across 9 levels. It hosts 183 tenants, with anchors such as AEON supermarket, H\u0026M, Uniqlo, Cinema XXI, Funworld, Kidzoona, and KKV. Tenant mix distribution includes 30% fashion, 25% food and beverage, 20% groceries, and 25% entertainment and services, emphasizing Japanese retail concepts for suburban middle-income shoppers. In South Jakarta&#39;s retail market, characterized by over 20 competing centers and citywide occupancy averaging 74.7% in 2024, this mall achieves 87% occupancy, supported by 6 million annual visitors. Leasing terms feature 3-5 year commitments at average rents of 808,500 IDR per square meter monthly, with 10% annual escalations and 8-10% turnover rents based on sales. Accessibility involves toll roads and TransJakarta buses, though chronic congestion averages 30-45 minutes during peaks. The 5 km radius demographic of 1 million residents, average age 29, household size 3.8, and incomes of 8-15 million IDR monthly drives family-focused traffic, yet economic factors and competition influence performance stability.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;South Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;AEON Store, H\u0026M, Uniqlo, Cinema XXI, KKV, Funworld, Kidzoona&quot;,&quot;distance&quot;:16.57,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;177&quot;,&quot;gla_sqm&quot;:&quot;40000&quot;,&quot;anchor_tenants&quot;:&quot;AEON Store, H\u0026M, Uniqlo, Cinema XXI, KKV, Funworld, Kidzoona&quot;}},{&quot;id&quot;:3350,&quot;slug&quot;:&quot;transmart-karawaci&quot;,&quot;name&quot;:&quot;Transmart Karawaci&quot;,&quot;lat&quot;:&quot;-6.2003572&quot;,&quot;lng&quot;:&quot;106.6166048&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;Transmart Karawaci serves as a hypermarket-anchored retail center in the Nusa Jaya neighborhood of Karawaci, Tangerang City, Banten, Indonesia, integrated into the Lippo Karawaci township developed since 1993. This multi-level facility, operated by Trans Retail Indonesia under CT Corp, combines a large Transmart hypermarket with department stores, furniture outlets, and specialty shops catering to daily essentials, apparel, and home goods. The tenant mix emphasizes convenience retail, with dining options spanning local Indonesian cuisine and international fast-food chains, complemented by entertainment features like KidCity playgrounds for families. Positioned in a suburban hub 20 km west of central Jakarta, it targets the local population of 193,480 in Karawaci district as of 2023, drawing middle-income shoppers seeking affordable one-stop shopping. Leasing advantages include proximity to residential clusters, universities such as Universitas Pelita Harapan, and office parks, fostering steady footfall estimated at 5,000-8,000 daily visitors based on similar Transmart locations. Rent levels align with Tangerang averages of IDR 300,000 to 500,000 per square meter annually for ground-floor spaces, per Colliers Indonesia reports. Occupancy hovers around 85-90 percent, supported by the anchor tenant&#39;s draw. Market position benefits from the township&#39;s self-contained ecosystem, but faces challenges from e-commerce growth and regional economic pressures impacting non-essential retail. Infrastructure remains functional post-rebranding from Carrefour, though some areas show signs of moderate wear. Overall, it offers practical leasing for budget-conscious retailers in groceries and services, with risks tied to competition from upscale neighbors.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Tangerang&quot;},&quot;anchor_tenants&quot;:&quot;Transmart, Restaurants, KidCity Entertainment&quot;,&quot;distance&quot;:21.15,&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;Transmart, Restaurants, KidCity Entertainment&quot;}},{&quot;id&quot;:7281,&quot;slug&quot;:&quot;grand-galaxy-park&quot;,&quot;name&quot;:&quot;Grand Galaxy Park&quot;,&quot;lat&quot;:&quot;-6.2706089&quot;,&quot;lng&quot;:&quot;106.9724467&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Grand Galaxy Park in Bekasi, Indonesia, opened in 2013 as a suburban mall with 21,685 square meters of gross leasable area within a mixed-use development featuring residential units. It positions as a family-friendly retail hub in the expanding southeast Jakarta suburb, serving a 5 km catchment of 800,000 residents and broader 20 km area over 2.5 million. Tenant mix includes 91 stores: anchors like H\u0026M and Uniqlo in fashion, extensive F\u0026B with Genki Sushi, Starbucks, and local spots like Soto Betawi, electronics from Samsung and OPPO, beauty via Watsons and The Body Shop, and entertainment through Flix Cinema and Kidzoona. Occupancy holds at 80-85%, footfall at 125,000 monthly (about 4,000 daily), with sales per square meter of 15 million IDR monthly. Rent levels 400,000-600,000 IDR per square meter per month plus 8-12% turnover. Leasing advantages encompass flexible fit-outs, integrated residential proximity for loyalty, and moderate costs suitable for mid-tier retailers, though e-commerce and nearby competition pose risks to performance.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Bekasi&quot;},&quot;anchor_tenants&quot;:&quot;H\u0026M, Uniqlo, Genki Sushi, Farmers Market, ACE Hardware, Lotus, Foodhall&quot;,&quot;distance&quot;:22.19,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;70&quot;,&quot;gla_sqm&quot;:&quot;21685&quot;,&quot;anchor_tenants&quot;:&quot;H\u0026M, Uniqlo, Genki Sushi, Farmers Market, ACE Hardware, Lotus, Foodhall&quot;}},{&quot;id&quot;:1460,&quot;slug&quot;:&quot;summarecon-mall-bekasi&quot;,&quot;name&quot;:&quot;Summarecon Mall Bekasi&quot;,&quot;lat&quot;:&quot;-6.226194&quot;,&quot;lng&quot;:&quot;107.001009&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Summarecon Mall Bekasi, situated at Jl. Boulevard Ahmad Yani in Sentra Summarecon Bekasi, Kota Bekasi, Jawa Barat, is a family-oriented premium retail destination opened in June 2013 by PT Summarecon Agung Tbk. It targets middle-class consumers in the Jabodetabek area, with 80,000 sqm gross floor area and 50,768 sqm net leasable area across four floors and a basement. The tenant mix is balanced: 40% fashion including H\u0026M and UNIQLO, 30% F\u0026B anchored by Bekasi Food City, 15% entertainment with Timezone and Cinema XXI IMAX, and 15% essentials like AZ.KO supermarket and ACE Hardware. Key anchors include STAR Department Store and Yamada Best Denki. Accessibility supports strong performance via 10-minute drive from Jakarta-Cikampek toll road, TransJakarta buses, and parking for 3,200 cars and motorcycles. Occupancy approaches 100% as of mid-2024, with footfall at 10,000-15,000 daily on weekends and 5 million annually, averaging 2.5 hours dwell time and 25% conversion. Demographics feature a 2.5 million population, median age 28, and household incomes of IDR 10-15 million monthly. Market position leverages township integration for 60% local trade capture, bolstered by community events and The Downtown Walk. Phase II expansion, opened October 2025, adds 42,744 sqm with 220 new tenants in fashion, F\u0026B, and wellness like rooftop gyms and spas. Leasing advantages encompass managed tenant curation for traffic flow, competitive rents of IDR 500,000-800,000 per sqm annually, long-term incentives, and stable revenue from events. Challenges include e-commerce competition in apparel and nearby malls like Grand Metropolitan fragmenting share.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Bekasi&quot;},&quot;anchor_tenants&quot;:&quot;Transmart, Matahari, XXI Cinemas, ACE Hardware&quot;,&quot;distance&quot;:22.92,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;250&quot;,&quot;gla_sqm&quot;:&quot;65000&quot;,&quot;anchor_tenants&quot;:&quot;Transmart, Matahari, XXI Cinemas, ACE Hardware&quot;}},{&quot;id&quot;:7283,&quot;slug&quot;:&quot;mall-alam-sutera&quot;,&quot;name&quot;:&quot;Mall @ Alam Sutera&quot;,&quot;lat&quot;:&quot;-6.221679&quot;,&quot;lng&quot;:&quot;106.6541314&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Mall @ Alam Sutera is a three-floor shopping center located in the Alam Sutera township in Tangerang, Indonesia, opened on December 12, 2012, with a gross leasable area of 135,000 square meters across 7.8 hectares within a larger 800-hectare mixed-use development that includes residential areas like Silkwood Residence and Paddington Heights, as well as Bina Nusantara University. This integration supports a family-oriented lifestyle with premium shopping, dining, and entertainment facilities, including a 9,500 square meter multi-function hall added in 2020 for events. The mall features 4 levels and 2,500 parking spaces, owned by PT Alam Sutera Realty Tbk. Tenant mix is balanced: 40% retail (fashion, electronics), 30% F\u0026B (cafes, restaurants, food hall with local and international options), 20% entertainment (Cinema XXI, gym, arcade), and 10% services (supermarket, banks), with 200 stores total and anchors such as Aeon supermarket, Cinema XXI, Fun World, and Golds Gym. Occupancy stands at 65% as of late 2023, with projections for suburban malls to reach 75-85% by 2025 due to limited new supply. Average monthly footfall is 416,666 visitors (about 5,000-10,000 daily), equating to 6 million annually, recovering to 70-80% of pre-COVID levels, driven by local events and university proximity, though limited by suburban location with average dwell time of 90 minutes. Rent levels average IDR 600,000 to 900,000 per square meter annually, with 3-5 year lease terms and 27% vacancy allowing negotiation. Accessibility is via major toll roads, but peak traffic poses challenges. Market position targets middle to upper-middle class families and young professionals in Serpong area, with 800,000 population within 5 km (2.5% annual growth, average age 28, 4 persons per household, incomes above IDR 15 million monthly). Leasing advantages include flexible spaces for mid-sized retailers, stable local demographics, and operational quality from modern infrastructure, but drawbacks encompass competition from nearby Summarecon Mall Serpong and AEON Mall BSD, e-commerce pressures (30% market share), aging relative to newer developments, and saturation in family entertainment categories, recommending caution for high-rent commitments amid economic sensitivity.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Tangerang&quot;},&quot;anchor_tenants&quot;:&quot;Aeon Store, Cinema XXI, Fun World, Gold&#39;s Gym&quot;,&quot;distance&quot;:17.85,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;200&quot;,&quot;gla_sqm&quot;:&quot;79681&quot;,&quot;anchor_tenants&quot;:&quot;Aeon Store, Cinema XXI, Fun World, Gold&#39;s Gym&quot;}},{&quot;id&quot;:7992,&quot;slug&quot;:&quot;itc-bsd&quot;,&quot;name&quot;:&quot;Itc Bsd&quot;,&quot;lat&quot;:&quot;-6.2862531&quot;,&quot;lng&quot;:&quot;106.6642867&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;ITC BSD is a shopping center located in Tangerang Selatan, part of the Greater Jakarta outskirts in the South Tangerang region. Opened in 2013, it offers 35,000 square meters of gross leasable area across four levels, accommodating around 400 stores. The tenant mix emphasizes electronics, fashion, dining, and home decor, with primary reasons for visits including shopping (40%), dining (35%), and home decor (25%). Anchor tenants include Hyper Square, Cinema XXI, Carrefour, and Ramayana, supporting a diverse retail environment. The property maintains 90% occupancy and attracts an average of 666,666 monthly visitors, equating to 8 million annually, with average visit durations of 90 minutes. Accessibility is facilitated by good infrastructure and 1,500 parking spaces. In the local market, it holds a high position within a competitive landscape of five malls per 10 kilometers, benefiting from the regions 500,000 population, 2% annual growth, average resident age of 30 years, 3.9 persons per household, and average household income of 10 million IDR per month. Rent levels stand at 600,000 IDR per square meter per month or 15 million IDR per square meter per year. Leasing advantages encompass steady footfall driven by family-oriented demographics and proximity to Jakarta, alongside planned renovations to enhance appeal. However, challenges include high competition impacting market share, medium real estate dynamics with 5% growth potential, and consumer feedback highlighting needs for expanded family amenities like childrens play areas, more international and healthy dining choices, and additional trendy or sustainable fashion outlets. Operational quality features security via guards and CCTV (scoring 40 out of 100) and frequent events with 25% participation, though digital and e-commerce trends introduce 30% competition pressure. Overall, it suits retailers targeting middle-income families but requires strategies to differentiate amid saturation in electronics and general retail categories.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Tangerang Selatan&quot;},&quot;anchor_tenants&quot;:&quot;Hyper Square, Cinema XXI, Carrefour, Ramayana&quot;,&quot;distance&quot;:20.72,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;400&quot;,&quot;gla_sqm&quot;:&quot;30000&quot;,&quot;anchor_tenants&quot;:&quot;Hyper Square, Cinema XXI, Carrefour, Ramayana&quot;}},{&quot;id&quot;:2609,&quot;slug&quot;:&quot;supermal-anggur-indah&quot;,&quot;name&quot;:&quot;Supermal Anggur Indah&quot;,&quot;lat&quot;:&quot;-6.2413&quot;,&quot;lng&quot;:&quot;106.9926&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Supermal Anggur Indah is a mid-sized retail center located in Bekasi, a rapidly urbanizing suburb of Jakarta with a population exceeding 2.6 million residents, primarily young families and middle-income commuters. Opened in the mid-2010s, the property spans approximately 50,000 square meters of gross leasable area, featuring a mix of anchor tenants in fashion, food and beverage, and entertainment. The tenant composition includes international brands like H\u0026M and Uniqlo for apparel (about 35% of space), diverse F\u0026B outlets including local chains and quick-service options (30%), supermarkets such as Food Hall (15%), and leisure facilities like cinemas and arcades (20%). Market position is strong within the local Harapan Indah township, benefiting from proximity to residential developments and industrial zones in Bekasi, which drive consistent weekday traffic from workers and weekend family visits. Accessibility is supported by major roads like Boulevard Ahmad Yani and toll highway connections to Jakarta, though peak-hour congestion poses challenges. Occupancy rates hover around 95%, reflecting robust demand in a market with 5-7% annual retail growth, but competition from larger Jakarta malls like Grand Indonesia impacts premium category sales. Leasing advantages include flexible terms for emerging retailers, with base rents averaging IDR 700,000 per square meter per month, escalating 5-7% annually, and turnover rents tied to sales performance. Drawbacks involve seasonal footfall dips during rainy seasons and saturation in casual dining segments, potentially pressuring smaller tenants. Overall, the property suits family-oriented retail concepts targeting middle-class demographics with disposable incomes of IDR 10-20 million monthly household, but requires strategies to counter e-commerce encroachment and regional economic fluctuations.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Bekasi&quot;},&quot;anchor_tenants&quot;:&quot;Carrefour, Cinema 21, ACE Hardware, Uniqlo&quot;,&quot;distance&quot;:22.64,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;60000&quot;,&quot;anchor_tenants&quot;:&quot;Carrefour, Cinema 21, ACE Hardware, Uniqlo&quot;}},{&quot;id&quot;:2100,&quot;slug&quot;:&quot;transmart-bintaro&quot;,&quot;name&quot;:&quot;Transmart Bintaro&quot;,&quot;lat&quot;:&quot;-6.2777365&quot;,&quot;lng&quot;:&quot;106.7198986&quot;,&quot;property_type&quot;:&quot;Retail&quot;,&quot;description&quot;:&quot;Transmart Bintaro, located at Jl. Prof. DR. Satrio, Pd. Jaya, Kec. Pd. Aren, Kota Tangerang Selatan, Banten 15220, is a six-floor shopping center opened in December 2019, developed by PT Trans Property as part of the Transpark Bintaro mixed-use complex. Spanning approximately 50,000 sqm of gross leasable area, it serves as a key retail hub in the Bintaro Sektor 7 CBD, targeting middle to upper-middle income families in the rapidly growing Tangerang Selatan suburb. The property features a Harajuku-themed interior with Japanese influences, enhancing its appeal for leisure shopping. Anchor tenants include Transmart hypermarket on the lower ground floor, providing groceries, fresh market, and household essentials; H\u0026M and Metro Department Store for fashion and lifestyle; electronics and gadgets sections; sports outlets; and home living stores. Dining options span over 50 F\u0026B tenants, including cafes like Coffee Bean \u0026 Tea Leaf, fast food such as A\u0026W and Wendys, and restaurants like Yoshinoya. Entertainment draws families with KidCity indoor playground on level 2, Trans Snow World on level 3 offering snow activities and ski simulations, and Cinema XXI with four screens seating 523. Accessibility is strong via proximity to Pondok Aren toll gates 1 and 2, major roads like Jl. HR Rasuna Said, and public transport including buses and commuter lines to Jakarta. Occupancy stands at around 90% as of recent reports, supported by the areas population growth to over 1.3 million in Tangerang Selatan, with average household income of IDR 10-15 million monthly. Rent levels range from IDR 600,000 to 1,200,000 per sqm per year depending on location and category, with incentives for long-term leases. Leasing advantages include synergy with CT Corp ecosystem for cross-promotions, high weekend footfall estimated at 20,000-30,000 visitors, and integration with residential towers boosting captive audience. However, market saturation from nearby malls like Bintaro Plaza and South Quarter poses competition risks, while traffic congestion during peak hours affects accessibility. Operational quality is solid with modern facilities like elevators, nursery rooms, and ample parking for 1,500 vehicles, though some categories like luxury retail remain underdeveloped.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Kota Tangerang Selatan&quot;},&quot;anchor_tenants&quot;:&quot;Transmart&quot;,&quot;distance&quot;:15.88,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;50&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Transmart&quot;}},{&quot;id&quot;:2627,&quot;slug&quot;:&quot;transmart-cijantung-1&quot;,&quot;name&quot;:&quot;Transmart Cijantung&quot;,&quot;lat&quot;:&quot;-6.3125&quot;,&quot;lng&quot;:&quot;106.8625&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Transmart Cijantung is a neighborhood shopping center located at Jl. Pendidikan No.1, Cijantung, Pasar Rebo, East Jakarta, with a gross leasable area of 20,000 square meters across two levels, opened in 2014 and operated by PT Trans Retail Indonesia. It serves as a community-oriented retail hub anchored by the Transmart hypermarket, which occupies a significant portion of the space, alongside approximately 50 tenants focusing on essential retail categories including groceries, local fashion outlets, electronics via TransHardware, pharmacies, and a modest food court featuring Indonesian eateries. The tenant mix emphasizes value-oriented and daily needs shopping, with high diversity in local brands but limited international or premium offerings. Occupancy stands at 75 percent, with 5 percent vacancy and 1,000 square meters available, aligning with Jakarta&#39;s average for community centers amid post-pandemic recovery. In East Jakarta&#39;s retail market, which saw 4 percent sales growth in 2024 driven by residential expansion, the property benefits from a primary catchment of 500,000 residents within a 5-kilometer radius, primarily middle-class families and young professionals aged 25 to 50 with median household incomes of IDR 8 million to 20 million monthly. Accessibility is supported by proximity to major roads like Jl. Jati and Jl. Margonda, TransJakarta bus routes, and 500 parking spaces, though peak-hour traffic congestion on Jl. Pendidikan can cause 20 to 30-minute delays. Footfall averages 5,000 to 7,000 visitors daily on weekdays, rising to 10,000 on weekends, with an annual total of 1 million, and a 20 percent conversion rate driven by local pedestrian traffic. Leasing advantages include competitive ground-floor rents of IDR 350,000 to 500,000 per square meter per month, plus 10 to 12 percent service charges, with flexible 3- to 5-year terms incorporating sales-based incentives like 5 percent turnover rent above thresholds, appealing to smaller retailers seeking steady local demand without premium pricing pressures. However, challenges include moderate competition from larger venues like AEON Mall JGC 10 kilometers away and e-commerce penetration at 25 percent, alongside aging infrastructure in non-core areas and seasonal footfall dips of 5 percent during rainy periods.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Jakarta&quot;},&quot;anchor_tenants&quot;:&quot;Transmart&quot;,&quot;distance&quot;:17.94,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;60&quot;,&quot;gla_sqm&quot;:&quot;20000&quot;,&quot;anchor_tenants&quot;:&quot;Transmart&quot;}},{&quot;id&quot;:7274,&quot;slug&quot;:&quot;galaxy-mall-bekasi&quot;,&quot;name&quot;:&quot;Galaxy Mall Bekasi&quot;,&quot;lat&quot;:&quot;-6.2706089&quot;,&quot;lng&quot;:&quot;106.9724467&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Grand Galaxy Park, known as Galaxy Mall Bekasi, is a suburban retail center in Bekasi, Indonesia, integrated into the Grand Galaxy City residential development. Opened in 2013, it offers 21,685 sqm of gross leasable area across three levels with 91 tenants. The tenant mix balances international and local brands: fashion anchors like H\u0026M and Uniqlo; electronics from Samsung and OPPO; beauty and health stores including Watsons and The Body Shop; diverse F\u0026B options such as Genki Sushi, Marugame Udon, Starbucks, and Indonesian eateries like Soto Betawi; entertainment via Flix Cinema, Kidzoona, and Fun World; plus supermarkets like Lotus and hardware from ACE. Accessibility is supported by the Jakarta Outer Ring Road and Cikampek Toll Road, with 800 parking spaces. Bekasi retail market holds 75-85% occupancy in 2024, with this property above 85% retention amid suburban expansion. Footfall averages 5,000-10,000 daily from a 5 km radius of 800,000 middle-class residents (median age 30, household income IDR 12 million/month). Rent levels are moderate at IDR 400,000-600,000 per sqm per month. Positioned as a family-friendly local hub, it benefits from captive residential traffic and 5% annual growth potential, though challenged by larger competitors and e-commerce. Leasing advantages include flexible 3-5 year terms, fit-out incentives, and stable sales volumes, offset by moderate infrastructure aging and category saturation in fashion.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Bekasi&quot;},&quot;anchor_tenants&quot;:&quot;Super Indo, H\u0026M, Uniqlo, Genki Sushi&quot;,&quot;distance&quot;:22.19,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;250&quot;,&quot;gla_sqm&quot;:&quot;21685&quot;,&quot;anchor_tenants&quot;:&quot;Super Indo, H\u0026M, Uniqlo, Genki Sushi&quot;}},{&quot;id&quot;:7273,&quot;slug&quot;:&quot;margo-city-mall&quot;,&quot;name&quot;:&quot;Margo City Mall&quot;,&quot;lat&quot;:&quot;-6.372967&quot;,&quot;lng&quot;:&quot;106.8344235&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Margo City Mall, located at Jl. Margonda Raya No. 358 in Beji, Depok, West Java, opened in 2006 and developed by PT Puri Dibya Property under the Djarum Group. The property covers 9.2 hectares with an original four-floor structure of 40,593 square meters, expanded in 2021 by 31,200 square meters over three additional floors, positioning it as Depoks largest shopping center. It integrates retail with adjacent The Margo Hotel, enhancing its appeal as a mixed-use destination. Tenant mix includes supermarkets like Farmers Market, electronics outlets, fashion brands such as Max Fashions, beauty stores, fitness centers, a diverse food court with Indonesian, Japanese, and Western options, cinemas, and ATMs, catering to everyday needs and leisure. Market position is robust in Depoks suburban retail landscape, serving as a primary social and commercial hub amid a city of over 2 million residents influenced by nearby Universitas Indonesia. Footfall reaches 20,000-30,000 visitors on weekdays and up to 50,000 on weekends, driven by local families, students, and commuters from Jakarta. Occupancy maintains 85-95 percent, reflecting stable demand despite regional saturation. Accessibility via KRL Commuter Line at Pondok Cina Station (walking distance), angkots, and ample parking including basement lots supports high traffic, though Margonda Raya congestion poses challenges. Rent levels range from IDR 600,000 to 900,000 per square meter monthly, with leasing advantages in 3-5 year terms including turnover-based components (10-15 percent) and incentives for anchors, offering exposure to a young demographic while navigating competition from over 10 nearby centers like Depok Town Square and Pesona Square. Potential drawbacks include oversupply risks from expansions, category overlap in fashion and dining, and infrastructure maintenance needs post-extension.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Depok&quot;},&quot;anchor_tenants&quot;:&quot;Transmart, CGV Cinemas, Farmers Market&quot;,&quot;distance&quot;:23.7,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;250&quot;,&quot;gla_sqm&quot;:&quot;40593&quot;,&quot;anchor_tenants&quot;:&quot;Transmart, CGV Cinemas, Farmers Market&quot;}},{&quot;id&quot;:1462,&quot;slug&quot;:&quot;aeon-mall-bsd-city&quot;,&quot;name&quot;:&quot;Aeon Mall Bsd City&quot;,&quot;lat&quot;:&quot;-6.304167&quot;,&quot;lng&quot;:&quot;106.643889&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;AEON Mall BSD City is situated in Bumi Serpong Damai (BSD City), Tangerang, Banten Province, Indonesia, about 20 kilometers southwest of Jakarta city center. Developed by Sinar Mas Land in partnership with AEON Co., Ltd., it opened in April 2015 and covers 150,000 square meters of gross leasable area across four levels on a 10-hectare site. The mall hosts approximately 280 tenants, featuring a diverse mix that includes the anchor AEON hypermarket occupying 15,000 square meters, international fashion brands such as H\u0026M, Uniqlo, and Zara, electronics retailers like Electronic City, a wide array of dining options encompassing local Indonesian eateries and international chains like Starbucks and McDonalds, entertainment venues including a 9-screen CGV cinema and an indoor playground, as well as fitness centers and supermarkets. Positioned in a master-planned township, the mall serves a burgeoning suburban market characterized by residential expansion and infrastructure improvements. Monthly footfall surpasses 1 million visitors, bolstered by high occupancy rates exceeding 95 percent, according to AEONs operational reports. Accessibility is facilitated by proximity to the Jakarta-Merak toll road and Trans-Jabodetabek buses, though peak-hour traffic from Jakarta commuters can delay access. Rent levels in prime spaces range from IDR 700,000 to 1,200,000 per square meter annually, offering competitive terms for mid-tier retailers amid stable demand. Leasing advantages encompass flexible space configurations from 50 to 5,000 square meters and promotional support through mall events. However, the property faces challenges from regional retail saturation and economic volatility in Indonesias consumer sector, which could impact sales velocity. Overall, it represents a solid opportunity for retailers targeting family-oriented demographics in a growth corridor, balanced against navigational and competitive pressures.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Tangerang&quot;},&quot;anchor_tenants&quot;:&quot;AEON Store,UNIQLO,ACE Hardware,Best Denki,XXI Cinema&quot;,&quot;distance&quot;:23.73,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;280&quot;,&quot;gla_sqm&quot;:&quot;77000&quot;,&quot;anchor_tenants&quot;:&quot;AEON Store,UNIQLO,ACE Hardware,Best Denki,XXI Cinema&quot;}},{&quot;id&quot;:4428,&quot;slug&quot;:&quot;mega-mall-kotawisata&quot;,&quot;name&quot;:&quot;Mega Mall Kotawisata&quot;,&quot;lat&quot;:&quot;-6.36917&quot;,&quot;lng&quot;:&quot;106.95917&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Mega Mall Kotawisata is a community-oriented shopping center situated in the planned residential enclave of Kota Wisata, Gunung Putri, Bogor Regency, Jawa Barat, Indonesia, approximately 30 km east of central Jakarta. Developed in 2018, the property encompasses about 28,000 square meters of gross leasable area across two levels, targeting middle-income suburban families. The tenant mix emphasizes everyday essentials with anchors including a Transmart hypermarket, ACE Hardware, and a 4-screen cinema, complemented by 60-70 specialty stores in fashion, electronics, and services. Food and beverage outlets occupy 35% of space, featuring local chains and casual dining. As of late 2025, occupancy hovers at 82%, reflecting steady demand amid Indonesia&#39;s suburban retail growth, per Colliers International reports. Average base rent ranges from IDR 280,000 to 350,000 per square meter annually, competitive for the region and 20-30% below inner-Jakarta levels, offering leasing advantages for small-to-medium retailers seeking affordable entry into the greater Jakarta market. Monthly footfall averages 450,000 visitors, bolstered by the 60,000-resident Kota Wisata community and proximity to educational institutions. Accessibility is facilitated by the Jagorawi Toll Road and internal boulevard, though peak-hour congestion poses challenges. Demographically, the catchment draws 120,000 people within a 7 km radius, predominantly families aged 25-45 with household incomes of IDR 6-12 million, favoring value-oriented shopping. Market position as a neighborhood hub provides stability, with strengths in community events and lower operational costs. However, drawbacks include limited appeal for premium brands, competition from larger venues like Living World North Cibubur (15 km away, 50,000 sqm GLA), and vulnerability to e-commerce penetration, which has eroded 10-15% of physical retail sales in similar suburbs according to JLL research. Operational quality is adequate with air-conditioned spaces and ample parking for 800 vehicles, but aging fixtures in restrooms and escalators require investment. Risks encompass economic slowdowns tied to Jakarta&#39;s performance, rising vacancies in oversaturated Bogor-Bekasi corridor (projected 18% by 2026 per Knight Frank), and access issues for non-car owners due to sparse public transit. Overall, it suits retailers in grocery, F\u0026B, and budget fashion, balancing local loyalty against broader market pressures.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Gunung Putri&quot;},&quot;anchor_tenants&quot;:&quot;AEON Supermarket, Gramedia, Cinema XXI, Informa&quot;,&quot;distance&quot;:28.72,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;180&quot;,&quot;gla_sqm&quot;:&quot;75000&quot;,&quot;anchor_tenants&quot;:&quot;AEON Supermarket, Gramedia, Cinema XXI, Informa&quot;}},{&quot;id&quot;:2629,&quot;slug&quot;:&quot;depok-town-square&quot;,&quot;name&quot;:&quot;Depok Town Square&quot;,&quot;lat&quot;:&quot;-6.395556&quot;,&quot;lng&quot;:&quot;106.822222&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Depok Town Square, commonly known as Detos, is a 24,000 square meter family-oriented shopping mall located on Jalan Margonda Raya No.1 in Beji District, Depok, West Java, Indonesia. Developed by Lippo Group and opened in 2005, it spans five floors and serves as a key retail hub in a city renowned for its educational institutions, including the adjacent University of Indonesia. The mall&#39;s strategic positioning, just 300 meters from Pondok Cina Railway Station and 16 kilometers south of Jakarta&#39;s central business district, facilitates high accessibility via public transport, roads, and proximity to residential areas. Tenant mix comprises over 2,000 outlets, with anchors such as Hypermart supermarket and Matahari Department Store occupying significant space, alongside fashion retailers, electronics stores, health and beauty outlets, and a diverse food court featuring international chains like KFC, Popeyes, and Hoka Hoka Bento. Entertainment options include Timezone arcade and Cineplex 21 cinema, catering to family and youth demographics. As Depok&#39;s busiest mall, it records substantial footfall, estimated at 10,000 to 20,000 visitors daily, driven by a population exceeding 2 million, including a large student cohort from four major universities. Occupancy rates hover around 90-95 percent, reflecting strong market demand in Depok&#39;s expanding commercial landscape. Leasing advantages include exposure to a young, budget-conscious demographic with moderate spending power, balanced tenant composition that promotes cross-shopping, and rent levels typically ranging from IDR 500,000 to 800,000 per square meter annually in this mid-tier market. However, potential challenges encompass intense local competition, traffic congestion on Margonda Raya, and some aging infrastructure that may require maintenance considerations for long-term tenancy.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Depok&quot;},&quot;anchor_tenants&quot;:&quot;Hypermart, Matahari Department Store, Timezone, Cineplex 21&quot;,&quot;distance&quot;:26.05,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;200&quot;,&quot;gla_sqm&quot;:&quot;13045&quot;,&quot;anchor_tenants&quot;:&quot;Hypermart, Matahari Department Store, Timezone, Cineplex 21&quot;}},{&quot;id&quot;:5229,&quot;slug&quot;:&quot;itc-bsd-city&quot;,&quot;name&quot;:&quot;Itc Bsd City&quot;,&quot;lat&quot;:&quot;-6.2862531&quot;,&quot;lng&quot;:&quot;106.6642867&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;ITC BSD City, located in Serpong Utara, South Tangerang within BSD City township, is a mid-sized strata retail center developed by PT Sinarmas Land and completed in 2005, featuring 35,000 sqm gross leasable area across four floors and 250 stores. It serves a primary catchment of over 500,000 residents in suburban areas including Pamulang, Bintaro, and Ciputat, with demographics of young families averaging 32 years old, household size of 3.5, and monthly incomes of IDR 10-20 million. Tenant mix focuses on budget-oriented categories: fashion outlets, electronics stores, supermarkets, cosmetics shops, and F\u0026B options, anchored by Hyper Square and Cinema XXI. In the Greater Jakarta retail market, it holds a stable position as a value hub amid limited new supply, with 80% occupancy and monthly footfall of 666,667 visitors. Leasing advantages encompass competitive rents of IDR 600,000-800,000 per sqm per month plus 8-10% turnover rent, flexible 3-5 year terms, and low entry barriers for essential retailers. However, challenges include high competition from premium neighbors like Aeon Mall BSD, category saturation in fashion and F\u0026B, aging infrastructure leading to maintenance issues, and peak-hour access congestion on Jl. Pahlawan Seribu, despite ample parking for over 2,300 vehicles.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;South Tangerang&quot;},&quot;anchor_tenants&quot;:&quot;Hyper Square, Cinema XXI, Electronics Stores, Fashion Outlets&quot;,&quot;distance&quot;:20.72,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;250&quot;,&quot;gla_sqm&quot;:&quot;28000&quot;,&quot;anchor_tenants&quot;:&quot;Hyper Square, Cinema XXI, Electronics Stores, Fashion Outlets&quot;}},{&quot;id&quot;:4419,&quot;slug&quot;:&quot;maha-cipta-country-mall&quot;,&quot;name&quot;:&quot;Maha Cipta Country Mall&quot;,&quot;lat&quot;:&quot;-6.566031&quot;,&quot;lng&quot;:&quot;106.844376&quot;,&quot;property_type&quot;:&quot;Regional&quot;,&quot;description&quot;:&quot;Maha Cipta Country Mall is a regional shopping center located in Bogor, Indonesia, at Jl. MH. Thamrin No.8, offering 50,000 sqm of gross leasable area across three levels, built in 2006 and managed by PT. Lippo Karawaci Tbk. It provides strong accessibility with proximity to main roads within 1 km, public transport options, high pedestrian traffic, and parking for up to 1,000 vehicles. The tenant mix includes 100 stores with anchors such as Ritelio (Hypermart) and Cinepolis, featuring high diversity, a food court, and entertainment zones that attract families and young adults. Occupancy is solid at 90%, with 5,000 sqm available and 10 new tenants in the pipeline, supported by medium lease flexibility. Rent levels average 500,000 IDR per sqm monthly, while annual sales reach 10 million IDR per sqm and footfall totals 5 million visitors, with 20% conversion and 120-minute dwell time. The 5 km primary catchment serves 750,000 residents, median age 30, household income 5 million IDR monthly, and per capita retail spending of 7.6 million IDR yearly, focused on groceries (3 million IDR), apparel (1.5 million IDR), and electronics (760,000 IDR). Market position benefits from 5% projected foot traffic growth and expansion plans adding 20,000 sqm in Phase 2, but contends with two competing malls within 10 km, high e-commerce influence amid 70% internet penetration, and moderate 5.3% unemployment. Operational strengths include CCTV security, weekly promotions, and 40% loyalty program adoption, though challenges involve retail crime at 5 incidents per 1,000 visitors and consumer calls for enhanced family amenities and international dining options.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Bogor&quot;},&quot;anchor_tenants&quot;:&quot;Ritelio (Hypermart), Cinepolis&quot;,&quot;distance&quot;:45.15,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;100&quot;,&quot;gla_sqm&quot;:&quot;21947&quot;,&quot;anchor_tenants&quot;:&quot;Ritelio (Hypermart), Cinepolis&quot;}},{&quot;id&quot;:1463,&quot;slug&quot;:&quot;supermal-karawaci&quot;,&quot;name&quot;:&quot;Supermal Karawaci&quot;,&quot;lat&quot;:&quot;-6.22682&quot;,&quot;lng&quot;:&quot;106.60719&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Supermal Karawaci, located on Jl. Boulevard Diponegoro No.105 in Tangerang, Banten, Indonesia, is a prominent retail destination within the Lippo Karawaci integrated township, opened in 1997 with a gross leasable area of 187,000 square meters across four levels. It serves as a lifestyle hub for middle-income families and young professionals in the western Jakarta suburbs, drawing from a primary catchment of 500,000 residents within 5 km and secondary up to 25 km, where the population exceeds 2.5 million with a median age of 26-30 years, household income around IDR 10 million monthly, and retail spending per capita at IDR 5 million annually. The tenant mix is diverse, featuring anchors like Hypermart, Carrefour, Matahari Department Store, and international brands such as Zara and H\u0026M, alongside over 350 specialty shops in fashion, electronics, F\u0026B (including global chains), and leisure options like XXI cinemas and bowling alleys. This composition supports family-oriented retail with strong performance in apparel, groceries, and entertainment categories. Market position is solid, holding 20-25% share in Tangerang&#39;s competitive landscape, bolstered by the township&#39;s residential, educational, and office ecosystem driving consistent footfall of 10-12 million visitors annually. Leasing advantages include high occupancy of 90-95%, flexible 3-5 year terms with renewal options, and rent structures blending base rates of IDR 500,000-900,000 per sqm/year (averaging IDR 750,000) plus 8-12% of sales turnover, providing stability. Sales per sqm reach IDR 15 million yearly, with dwell time at 2.5 hours and 25% conversion rate. However, challenges arise from aging infrastructure dating to 1995, requiring ongoing maintenance that may cause disruptions, and intense competition from nearby malls like Summarecon Mall Serpong and AEON Mall BSD, leading to saturation in F\u0026B and fashion segments. E-commerce growth impacts non-essential retail, while vacancy stands at 17.8%, and peak parking constraints (3,000-3,500 spaces) add logistical risks amid 5-7% market growth tempered by economic fluctuations.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Tangerang&quot;},&quot;anchor_tenants&quot;:&quot;Carrefour,Debenhams,Matahari Department Store,ACE Hardware&quot;,&quot;distance&quot;:22.92,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;350&quot;,&quot;gla_sqm&quot;:&quot;187000&quot;,&quot;anchor_tenants&quot;:&quot;Carrefour,Debenhams,Matahari Department Store,ACE Hardware&quot;}},{&quot;id&quot;:2632,&quot;slug&quot;:&quot;grand-metropolitan-mall&quot;,&quot;name&quot;:&quot;Grand Metropolitan Mall&quot;,&quot;lat&quot;:&quot;-6.249057&quot;,&quot;lng&quot;:&quot;106.98477&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Grand Metropolitan Mall is a mid-tier retail center located in Pekayon Jaya, Bekasi Selatan, part of the greater Jakarta metropolitan area in West Java, Indonesia. Opened as part of the Metland mixed-use development, it spans multiple levels including lower ground, ground floor, and upper floors dedicated to shopping, dining, and entertainment. The property features approximately 50,000 square meters of gross leasable area, integrated with residential towers and office spaces, enhancing its catchment from local residents and workers. Market position: Situated in rapidly urbanizing Bekasi, which has a population exceeding 2.5 million and serves as a commuter hub to Jakarta, the mall benefits from Indonesia&#39;s retail sector growth at a 4.7% CAGR through 2029, driven by rising middle-class incomes averaging IDR 5-7 million monthly in suburban areas. Tenant mix includes anchor stores like ACE Hardware for home improvement, Matahari Department Store for fashion, and supermarkets such as Superindo, alongside F\u0026B outlets (30% of space) featuring brands like Ta Wan and Roku Rament, entertainment options including Kidzilla trampoline park and cinemas, and specialty retail in electronics (Erafone) and apparel (Randol, Minimal). This diverse mix targets families and young professionals, with 40% fashion/lifestyle, 25% F\u0026B, 20% entertainment, and 15% services. Leasing advantages: Competitive base rents of IDR 300,000-500,000 per square meter annually (lower than Jakarta CBD&#39;s IDR 800,000+), flexible terms with turnover rent options (5-10% of sales), high occupancy at 85-90% reflecting stable demand, and promotional support via mall events. Accessibility via Jl. KH. Noer Ali, near toll roads, supports footfall of 5,000-7,000 daily visitors on weekdays, peaking at 15,000 weekends. However, contextual factors include market saturation with 10+ malls in Bekasi, potential traffic congestion, and economic sensitivity to Jakarta&#39;s fluctuations.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Bekasi&quot;},&quot;anchor_tenants&quot;:&quot;Centro Department Store, Farmers Market, Ace Hardware, Best Denki&quot;,&quot;distance&quot;:22.2,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;250&quot;,&quot;gla_sqm&quot;:&quot;52443&quot;,&quot;anchor_tenants&quot;:&quot;Centro Department Store, Farmers Market, Ace Hardware, Best Denki&quot;}}]}" data-map-update-url-value="/malls/ramayana-mall-hayam-wuruk" id="mall-map-wrapper"><div data-city="Jakarta Barat" data-current-mall="true" data-id="ramayana-mall-hayam-wuruk" data-lat="-6.162" data-lng="106.804" data-map-target="mall" data-name="Ramayana Mall Hayam Wuruk" 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">1 km radius</div><div class="stat-label">Primary Catchment Area</div></div><div class="stat-card"><div class="stat-value">5 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">1.2</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">6,000,000 IDR/month</div><div class="stat-label">Median household income</div></div><div class="stat-card"><div class="stat-value">5.5</div><div class="stat-label">Unemployment rate</div></div><div class="stat-card"><div class="stat-value">55 (NY=100)</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">1,200 USD/year</div><div class="stat-label">Retail spending per capita</div></div><div class="stat-card"><div class="stat-value">200 USD/year</div><div class="stat-label">Spending on apparel</div></div><div class="stat-card"><div class="stat-value">400 USD/year</div><div class="stat-label">Spending on groceries</div></div><div class="stat-card"><div class="stat-value">150 USD/year</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/year</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">15,000,000 IDR/sqm/year</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">60 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">High Density</div><div class="stat-label">Competitor density (same category)</div></div><div class="stat-card"><div class="stat-value">Medium Categories</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">8,000 sqm</div><div class="stat-label">Gross Leasable Area</div></div><div class="stat-card"><div class="stat-value">4 Floors</div><div class="stat-label">Number of Levels</div></div><div class="stat-card"><div class="stat-value">500,000 IDR/sqm/month</div><div class="stat-label">Average rent per square meter</div></div><div class="stat-card"><div class="stat-value">8.0</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">Good Access</div><div class="stat-label">Public transport access</div></div><div class="stat-card"><div class="stat-value">500 Spaces</div><div class="stat-label">Parking spaces</div></div><div class="stat-card"><div class="stat-value">High Traffic</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 Competition</div><div class="stat-label">E-commerce competition</div></div><div class="stat-card"><div class="stat-value">Moderate Adoption</div><div class="stat-label">Click-and-collect adoption</div></div><div class="stat-card"><div class="stat-value">80.0</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">Low to moderate Rate</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">Regular 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">3.0</div><div class="stat-label">Projected foot traffic growth</div></div><div class="stat-card"><div class="stat-value">Ongoing Pipeline</div><div class="stat-label">New tenant pipeline</div></div><div class="stat-card"><div class="stat-value">No major Plans</div><div class="stat-label">Mall expansion plans</div></div></div></div></div></div></div></template></turbo-stream>