<turbo-stream action="replace" target="mall-map-wrapper"><template><div data-controller="map" data-lat="1.535619" data-lng="110.357612" data-map-catchment-data-value="{&quot;lat&quot;:&quot;1.535619&quot;,&quot;lng&quot;:&quot;110.357612&quot;,&quot;primary_radius&quot;:5.0,&quot;secondary_radius&quot;:15.0,&quot;population&quot;:450000}" data-map-demographic-summary-value="{&quot;Mall Demographics&quot;:[{&quot;label&quot;:&quot;Primary Catchment Area&quot;,&quot;value&quot;:&quot;5 km&quot;,&quot;description&quot;:&quot;Radius of core customer base within easy driving distance&quot;},{&quot;label&quot;:&quot;Secondary Catchment Area&quot;,&quot;value&quot;:&quot;20 km&quot;,&quot;description&quot;:&quot;Extended radius for occasional visitors from surrounding areas&quot;},{&quot;label&quot;:&quot;Catchment area population&quot;,&quot;value&quot;:&quot;450,000 People&quot;,&quot;description&quot;:&quot;Estimated total population in primary and secondary catchment, based on Kuching metro area of 663,000&quot;},{&quot;label&quot;:&quot;Population growth rate&quot;,&quot;value&quot;:&quot;1.69&quot;,&quot;description&quot;:&quot;Annual growth rate for Kuching metro area population&quot;},{&quot;label&quot;:&quot;Median age&quot;,&quot;value&quot;:&quot;31 Years&quot;,&quot;description&quot;:&quot;Median age of population in Kuching, aligned with national average&quot;},{&quot;label&quot;:&quot;Household size&quot;,&quot;value&quot;:&quot;4.0 Persons per household&quot;,&quot;description&quot;:&quot;Average household size in urban Sarawak households&quot;},{&quot;label&quot;:&quot;Education level (tertiary)&quot;,&quot;value&quot;:&quot;25.0&quot;,&quot;description&quot;:&quot;Percentage of adults with tertiary education in Kuching urban area&quot;}],&quot;Economic Indicators&quot;:[{&quot;label&quot;:&quot;Median household income&quot;,&quot;value&quot;:&quot;RM 5,500 MYR per month&quot;,&quot;description&quot;:&quot;Median monthly household income in Kuching urban households&quot;},{&quot;label&quot;:&quot;Unemployment rate&quot;,&quot;value&quot;:&quot;3.0&quot;,&quot;description&quot;:&quot;Current unemployment rate in Malaysia, applicable to Kuching&quot;},{&quot;label&quot;:&quot;Cost of living index&quot;,&quot;value&quot;:&quot;45 Index (NY=100)&quot;,&quot;description&quot;:&quot;Cost of living index for Kuching, lower than national urban average&quot;}],&quot;Consumer Spending&quot;:[{&quot;label&quot;:&quot;Retail spending per capita&quot;,&quot;value&quot;:&quot;RM 3,500 MYR per year&quot;,&quot;description&quot;:&quot;Estimated annual retail spending per person in Malaysia, adjusted for Sarawak&quot;},{&quot;label&quot;:&quot;Spending on apparel&quot;,&quot;value&quot;:&quot;RM 200 MYR per year&quot;,&quot;description&quot;:&quot;Annual per capita spending on apparel in Malaysia&quot;},{&quot;label&quot;:&quot;Spending on groceries&quot;,&quot;value&quot;:&quot;RM 1,200 MYR per year&quot;,&quot;description&quot;:&quot;Annual per capita spending on groceries in urban Malaysian households&quot;},{&quot;label&quot;:&quot;Spending on electronics&quot;,&quot;value&quot;:&quot;RM 400 MYR per year&quot;,&quot;description&quot;:&quot;Annual per capita spending on electronics in Malaysia&quot;}],&quot;Mall Traffic \u0026 Performance&quot;:[{&quot;label&quot;:&quot;Annual foot traffic&quot;,&quot;value&quot;:&quot;5,000,000 Visitors&quot;,&quot;description&quot;:&quot;Estimated annual visitors based on major mall benchmarks in similar markets&quot;},{&quot;label&quot;:&quot;Dwell time&quot;,&quot;value&quot;:&quot;120 Minutes&quot;,&quot;description&quot;:&quot;Average time spent by visitors in the mall&quot;},{&quot;label&quot;:&quot;Conversion rate&quot;,&quot;value&quot;:&quot;20.0&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;RM 5,000 MYR per year&quot;,&quot;description&quot;:&quot;Annual sales per square meter, aligned with Malaysian mall averages&quot;}],&quot;Competition \u0026 Tenant Mix&quot;:[{&quot;label&quot;:&quot;Number of retail stores&quot;,&quot;value&quot;:&quot;180 Stores&quot;,&quot;description&quot;:&quot;Total number of retail outlets in the mall&quot;},{&quot;label&quot;:&quot;Anchor tenant presence&quot;,&quot;value&quot;:&quot;Yes Binary&quot;,&quot;description&quot;:&quot;Presence of major anchors like Parkson, H\u0026M, Ta Kiong Supermarket&quot;},{&quot;label&quot;:&quot;Competitor density (same category)&quot;,&quot;value&quot;:&quot;3 Malls per 100,000 people&quot;,&quot;description&quot;:&quot;Density of similar shopping malls in Kuching area&quot;},{&quot;label&quot;:&quot;Tenant diversity&quot;,&quot;value&quot;:&quot;High Qualitative&quot;,&quot;description&quot;:&quot;Diverse mix including fashion, F\u0026B, entertainment&quot;},{&quot;label&quot;:&quot;Unique Concepts&quot;,&quot;value&quot;:&quot;15.0&quot;,&quot;description&quot;:&quot;Percentage of tenants offering unique or experiential retail concepts&quot;}],&quot;Real Estate \u0026 Leasing&quot;:[{&quot;label&quot;:&quot;Gross Leasable Area&quot;,&quot;value&quot;:&quot;39,000 sqm&quot;,&quot;description&quot;:&quot;Total gross leasable area of the mall&quot;},{&quot;label&quot;:&quot;Number of Levels&quot;,&quot;value&quot;:&quot;3 Levels&quot;,&quot;description&quot;:&quot;Number of retail floors in the mall&quot;},{&quot;label&quot;:&quot;Average rent per square meter&quot;,&quot;value&quot;:&quot;RM 25 MYR per sqm per month&quot;,&quot;description&quot;:&quot;Average monthly rental rate for leasable space&quot;},{&quot;label&quot;:&quot;Vacancy rate&quot;,&quot;value&quot;:&quot;5.0&quot;,&quot;description&quot;:&quot;Current vacancy rate, stable post-pandemic&quot;},{&quot;label&quot;:&quot;Lease term flexibility&quot;,&quot;value&quot;:&quot;Medium Qualitative&quot;,&quot;description&quot;:&quot;Standard 3-5 year leases with renewal options&quot;},{&quot;label&quot;:&quot;Available retail space&quot;,&quot;value&quot;:&quot;2,000 sqm&quot;,&quot;description&quot;:&quot;Current available leasable space&quot;}],&quot;Accessibility \u0026 Infrastructure&quot;:[{&quot;label&quot;:&quot;Proximity to main roads&quot;,&quot;value&quot;:&quot;Direct Qualitative&quot;,&quot;description&quot;:&quot;Direct access to Persiaran Spring and major highways&quot;},{&quot;label&quot;:&quot;Public transport access&quot;,&quot;value&quot;:&quot;High Qualitative&quot;,&quot;description&quot;:&quot;Good bus connectivity in Kuching urban area&quot;},{&quot;label&quot;:&quot;Parking spaces&quot;,&quot;value&quot;:&quot;2,000 Spaces&quot;,&quot;description&quot;:&quot;Total parking bays available&quot;},{&quot;label&quot;:&quot;Pedestrian traffic&quot;,&quot;value&quot;:&quot;Medium Qualitative&quot;,&quot;description&quot;:&quot;Moderate walk-in traffic due to suburban location&quot;}],&quot;Digital \u0026 E-commerce Trends&quot;:[{&quot;label&quot;:&quot;E-commerce competition&quot;,&quot;value&quot;:&quot;High Qualitative&quot;,&quot;description&quot;:&quot;Strong competition from platforms like Shopee in Malaysia&quot;},{&quot;label&quot;:&quot;Click-and-collect adoption&quot;,&quot;value&quot;:&quot;30.0&quot;,&quot;description&quot;:&quot;Estimated adoption rate for click-and-collect services&quot;},{&quot;label&quot;:&quot;Internet penetration&quot;,&quot;value&quot;:&quot;90.0&quot;,&quot;description&quot;:&quot;Internet penetration rate in urban Sarawak&quot;}],&quot;Safety \u0026 Security&quot;:[{&quot;label&quot;:&quot;Retail crime rate&quot;,&quot;value&quot;:&quot;1 Incidents per 1,000 visitors&quot;,&quot;description&quot;:&quot;Low retail crime rate in Malaysian malls&quot;},{&quot;label&quot;:&quot;Security measures&quot;,&quot;value&quot;:&quot;CCTV and Guards Qualitative&quot;,&quot;description&quot;:&quot;Comprehensive CCTV coverage and on-site security personnel&quot;}],&quot;Marketing \u0026 Events&quot;:[{&quot;label&quot;:&quot;Promotional events&quot;,&quot;value&quot;:&quot;50 Events per year&quot;,&quot;description&quot;:&quot;Number of promotional and seasonal events annually&quot;},{&quot;label&quot;:&quot;Loyalty program penetration&quot;,&quot;value&quot;:&quot;40.0&quot;,&quot;description&quot;:&quot;Estimated participation in mall loyalty programs&quot;},{&quot;label&quot;:&quot;Digital signage presence&quot;,&quot;value&quot;:&quot;High Qualitative&quot;,&quot;description&quot;:&quot;Extensive use of digital displays for promotions&quot;}],&quot;Growth Potential&quot;:[{&quot;label&quot;:&quot;Projected foot traffic growth&quot;,&quot;value&quot;:&quot;5.0&quot;,&quot;description&quot;:&quot;Expected annual growth in foot traffic&quot;},{&quot;label&quot;:&quot;New tenant pipeline&quot;,&quot;value&quot;:&quot;10 Tenants&quot;,&quot;description&quot;:&quot;Upcoming new tenants in the pipeline&quot;}]}" data-map-mapbox-token-value="pk.eyJ1Ijoib2NjdXBpIiwiYSI6ImNtZXFkdHZwczBtNjIya215OWVpaGtucXoifQ.xiNo8HmyyKim2YrJ3LdqdQ" data-map-nearby-malls-value="{&quot;primary&quot;:[{&quot;id&quot;:1993,&quot;slug&quot;:&quot;the-hills-shopping-centre&quot;,&quot;name&quot;:&quot;The Hills Shopping Centre&quot;,&quot;lat&quot;:&quot;1.5525&quot;,&quot;lng&quot;:&quot;110.348&quot;,&quot;property_type&quot;:&quot;Shopping Centre&quot;,&quot;description&quot;:&quot;The Hills Shopping Centre is situated at No.8 Jalan Bukit Mata in central Kuching, Sarawak, Malaysia, reimagined in 2019 as a premium community lifestyle hub spanning an estimated 150,000 sq ft of gross leasable area. Positioned adjacent to the Kuching Waterfront, Chinatown, major hotels, government offices, banks, and educational institutions, it enjoys prime accessibility and integration with the citys vibrant core. The tenant mix emphasizes convenience and experiential retail, anchored by Goceli Supermarket for daily groceries and fresh produce, complemented by a robust F\u0026B segment featuring outlets like ZUS Coffee, Ding Tea, Potato Story, and diverse local-international cuisines in the Food Haven area. Additional categories include wellness facilities such as a climbing gym and Studio8 Fitness, co-working spaces for entrepreneurs, bespoke event venues for pop-ups and exhibitions, and creative studios for artists. In Kuchings retail market, where average occupancy hovers at 75-80% amid post-pandemic recovery, The Hills maintains a stable tenancy rate supported by its niche focus on community engagement over mass-market appeal. This positions it as a complementary option to larger competitors, drawing consistent footfall from urban residents and tourists. Leasing advantages encompass flexible unit sizes suitable for SMEs, competitive base rents of RM6-9 per sq ft monthly with turnover components, and promotional synergies through events that boost visibility. However, drawbacks include limited scale compared to regional malls, potential F\u0026B oversaturation, and vulnerability to economic fluctuations in Sarawaks resource-based economy, which could impact discretionary spending.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Kuching&quot;},&quot;anchor_tenants&quot;:&quot;Goceli Supermarket, Toys R Us, Old Town White Coffee&quot;,&quot;distance&quot;:2.16,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;25&quot;,&quot;gla_sqm&quot;:&quot;12000&quot;,&quot;anchor_tenants&quot;:&quot;Goceli Supermarket, Toys R Us, Old Town White Coffee&quot;}},{&quot;id&quot;:2587,&quot;slug&quot;:&quot;the-hills-shopping-mall&quot;,&quot;name&quot;:&quot;The Hills Shopping Mall&quot;,&quot;lat&quot;:&quot;1.555415&quot;,&quot;lng&quot;:&quot;110.351173&quot;,&quot;property_type&quot;:&quot;Neighborhood&quot;,&quot;description&quot;:&quot;The Hills Shopping Mall, located at 8 Jalan Bukit Mata in central Kuching, Sarawak, Malaysia, occupies 140,000 square feet over two storeys. Reimagined in 2019 from a traditional retail space to a community lifestyle hub, it integrates The Grounds for events, Food Haven with 12 stalls, and Food Lounge. Tenant mix encompasses Goceli Supermarket for essentials and groceries, diverse F\u0026B including Zus Coffee, Ding Tea, Potato Story, and international cuisines; retail anchors like Mr. DIY, Toys \&quot;R\&quot; Us, and fashion outlets such as MNG, Alfred Dunhill, Emilio Valentino, and Button Up; plus co-working areas, karaoke (Fun Hut), nail services (NM Nails), and pop-up event spaces. In Kuching&#39;s retail market, characterized by 63% average occupancy and rising competition from larger venues like Vivacity Megamall and The Spring, The Hills positions as a neighborhood-focused destination attracting urban dwellers. Leasing advantages feature central accessibility via major roads, synergy from mixed-use tenants boosting cross-shopping, and flexible terms amid post-pandemic recovery. Drawbacks include vulnerability to footfall shifts toward experiential mega-malls, potential rent pressures from economic slowdowns, and need for infrastructure upgrades to sustain appeal in a saturated market with e-commerce encroachment.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Kuching&quot;},&quot;anchor_tenants&quot;:&quot;Goceli Supermarket&quot;,&quot;distance&quot;:2.31,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;80&quot;,&quot;gla_sqm&quot;:&quot;10000&quot;,&quot;anchor_tenants&quot;:&quot;Goceli Supermarket&quot;}},{&quot;id&quot;:2966,&quot;slug&quot;:&quot;aeon-mall-kuching-central&quot;,&quot;name&quot;:&quot;Aeon Mall Kuching Central&quot;,&quot;lat&quot;:&quot;1.5279&quot;,&quot;lng&quot;:&quot;110.3373&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;AEON Mall Kuching Central, situated at Jalan Tun Ahmad Zaidi Adruce in Kuching, Sarawak, opened in April 2018 as AEONs first property in East Malaysia and the 27th nationwide. Covering 1.6 million square feet of gross built-up area over three retail levels with approximately 1,600 parking spaces across four levels, it targets suburban communities in Third Mile and Batu Kawa, 25 minutes from central Kuching. The tenant mix features anchor AEON Supermarket and Department Store on the northern end, mini-anchors including Uniqlo and Brands Outlet, fashion and accessories stores, home goods, and services. FandB diversity includes international chains like Starbucks, Pizza Hut, Kenny Rogers Roasters, Secret Recipe, and local halal options in a dedicated food court, alongside entertainment such as K11 Karaoke and Molly Fantasy World childrens play area. In Kuchings retail landscape, with 2024 occupancy averaging 76.8percent across Sarawak malls, this property leverages AEONs established brand for family-oriented traffic from a demographic of 600,000 metro residents, predominantly middle-income households earning MYR 5,000-7,000 monthly, including Malay, Chinese, and indigenous groups. Leasing advantages encompass multi-scheme rent structures with competitive base rates around MYR 10-15 per square foot, supported by positive rent reversions and high operational standards like atriums and WiFi seating. Drawbacks involve car-dependent access via Stapok Road, lacking robust public transit, and vulnerability to e-commerce shifts reducing physical visits.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Kuching&quot;},&quot;anchor_tenants&quot;:&quot;AEON Supermarket, Uniqlo, Brands Outlet, H\u0026M&quot;,&quot;distance&quot;:2.42,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;120&quot;,&quot;gla_sqm&quot;:&quot;52000&quot;,&quot;anchor_tenants&quot;:&quot;AEON Supermarket, Uniqlo, Brands Outlet, H\u0026M&quot;}},{&quot;id&quot;:1984,&quot;slug&quot;:&quot;the-spring-shopping-mall&quot;,&quot;name&quot;:&quot;The Spring Shopping Mall&quot;,&quot;lat&quot;:&quot;1.532&quot;,&quot;lng&quot;:&quot;110.342&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;The Spring Shopping Mall, located at Persiaran Spring in Kuching, Sarawak, Malaysia, is a prominent retail destination opened in 2011 with approximately 1.2 million square feet of gross leasable area. It serves as a key shopping hub in the region, attracting a diverse mix of local shoppers and tourists. The mall features over 200 tenants, including anchor stores such as Parkson Department Store, Aeon Big hypermarket, and Golden Screen Cinemas, alongside a balanced tenant mix of fashion outlets like H\u0026M and Uniqlo, dining options exceeding 50 eateries, and entertainment facilities. Market positionally, it holds a leading role in Kuching&#39;s retail landscape, benefiting from strong footfall driven by its modern design and central location near residential and commercial districts. Occupancy rates have historically been high, around 95-98% as per 2017 reports, outperforming the Kuching average of 70%. Rent levels for prime spaces range from RM10 to RM20 per square foot per month, reflecting stable demand. Accessibility is enhanced by proximity to major roads and public transport, though traffic congestion during peak hours poses minor challenges. Demographic profile includes middle to upper-middle-class families aged 25-55, with growing tourist influx from Borneo region. Leasing advantages include high visibility, robust sales potential from consistent footfall estimated at over 5 million annual visitors, and supportive management for tenant promotions. However, increasing competition from newer developments like VivaCity Megamall may pressure occupancy, and regional economic factors such as oil dependency in Sarawak could impact consumer spending. Overall, it offers solid performance metrics but requires careful evaluation of category-specific saturation in fashion and F\u0026B segments.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Kuching&quot;},&quot;anchor_tenants&quot;:&quot;Parkson, Ta Kiong Supermarket, GSC Cinemas, H\u0026M, Uniqlo, Padini&quot;,&quot;distance&quot;:1.78,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;150&quot;,&quot;gla_sqm&quot;:&quot;39000&quot;,&quot;anchor_tenants&quot;:&quot;Parkson, Ta Kiong Supermarket, GSC Cinemas, H\u0026M, Uniqlo, Padini&quot;}},{&quot;id&quot;:1207,&quot;slug&quot;:&quot;city-one-megamall&quot;,&quot;name&quot;:&quot;City One Megamall&quot;,&quot;lat&quot;:&quot;1.5205&quot;,&quot;lng&quot;:&quot;110.3552&quot;,&quot;property_type&quot;:null,&quot;description&quot;:&quot;City One Megamall, situated at No.1 Jalan Song in central Kuching, Sarawak, Malaysia, forms part of a 1.5 million square foot mixed-use development completed in 2011, allocating 650,000 square feet to net retail space over four levels with capacity for 400 outlets. It serves as a mid-tier shopping venue targeting local residents, featuring anchor tenants including Golden Screen Cinemas on the third floor for entertainment draw, Everrise Supermarket on the ground floor for grocery needs, and SSF on the first floor for fashion. The tenant mix spans categories such as apparels, banking and financial services, beauty and salons, education centers, fashion accessories and gifts, food and beverage outlets, health and pharmacy, home furnishings, IT and electronics, jewelry, kids and toys, optical services, general services, sports and leisure, and stationery shops, promoting a balanced but unremarkable variety focused on daily essentials and family activities. In Kuchings retail landscape, marked by rapid supply expansion since the 2010s, the mall holds a secondary position amid intensified competition, with Sarawak shopping center occupancy averaging 76.8% as of third quarter 2024 per Henry Butcher reports, though City One reportedly contends with elevated vacancies around 25-30% based on local observations from early 2025. Leasing advantages encompass competitive base rents estimated at RM4 to RM7 per square foot monthly for comparable secondary spaces, coupled with incentives like initial rent abatements and flexible terms to attract occupants, alongside a central locale enhancing visibility. Drawbacks include softening market dynamics, with footfall recovering to about 75% of pre-pandemic norms yet trailing premium rivals like The Spring and VivaCity Megamall, which boast stronger tenant lineups and modern amenities. The propertys demographic catchment draws from Kuchings 609,000 metropolitan population, diverse with 69% Bumiputera, 24% Chinese, and indigenous groups, exhibiting moderate retail expenditure tied to oil and gas economic cycles, averaging RM5,000 monthly household incomes. Operational aspects reveal strengths in parking availability but weaknesses in infrastructure upkeep and category vitality, posing risks of co-tenancy dependencies and subdued sales performance for non-anchor retailers.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Kuching&quot;},&quot;anchor_tenants&quot;:&quot;Kenbest Sdn Bhd&quot;,&quot;distance&quot;:1.7,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;400&quot;,&quot;gla_sqm&quot;:&quot;4&quot;,&quot;anchor_tenants&quot;:&quot;Kenbest Sdn Bhd&quot;}},{&quot;id&quot;:1208,&quot;slug&quot;:&quot;vivacity-megamall&quot;,&quot;name&quot;:&quot;Vivacity Megamall&quot;,&quot;lat&quot;:&quot;1.5276&quot;,&quot;lng&quot;:&quot;110.3681&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Vivacity Megamall, opened in November 2015 and developed by Coramax Property, stands as Sarawaks largest retail destination with a gross floor area of 1.3 million square feet and 820,000 square feet of lettable space across five levels in Tabuan Jaya, Kuching. Positioned 10 minutes from the city center on Jalan Wan Alwi, it benefits from proximity to high-income neighborhoods and integrated residential Jazz Suites offering 672 units and a daily catchment of at least 2,000 residents. The tenant mix features anchors like Parkson department store, TGV Cinemas with eight screens, Harvey Norman for electronics and furniture, Everrise supermarket, and over 300 international, regional, and local brands, complemented by two food courts showcasing Kuching culinary options. Occupancy exceeds 90 percent, surpassing the Kuching average of around 70 percent, with footfall recovering to match or exceed 2019 levels amid rising eco-tourism. Rent levels align with premium positioning, estimated at RM10-15 per square foot monthly for prime spaces, supported by strong operational quality including modern infrastructure designed by Archicentre. Leasing advantages include high visibility in a growing market with Sarawaks 2.8 million population and Kuchings 600,000 metropolitan residents, but challenges arise from intermittent traffic congestion on access roads and increasing competition from rivals like The Spring and AEON Mall, potentially pressuring secondary tenant categories. Demographic profile favors middle-income households earning RM3,000-8,000 monthly, with a balanced age distribution of 35 percent under 25 and 40 percent aged 25-54, driving demand for fashion, F\u0026B, and entertainment. Overall, it offers stable performance for retailers targeting urban families, though saturation in value segments warrants careful category selection.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Kuching&quot;},&quot;anchor_tenants&quot;:&quot;Parkson, Harvey Norman, TGV Cinemas, Everrise&quot;,&quot;distance&quot;:1.47,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;350&quot;,&quot;gla_sqm&quot;:&quot;120774&quot;,&quot;anchor_tenants&quot;:&quot;Parkson, Harvey Norman, TGV Cinemas, Everrise&quot;}},{&quot;id&quot;:1210,&quot;slug&quot;:&quot;boulevard-shopping&quot;,&quot;name&quot;:&quot;Boulevard Shopping Mall&quot;,&quot;lat&quot;:&quot;1.508889&quot;,&quot;lng&quot;:&quot;110.336111&quot;,&quot;property_type&quot;:&quot;Shopping Mall&quot;,&quot;description&quot;:&quot;Boulevard Shopping Mall in Kuching, Sarawak, Malaysia, spans 1.7 million square feet of retail space, established in 2007 with a major expansion in 2012 that positioned it as Sarawaks largest lifestyle destination. Located five minutes from Kuching International Airport, it draws a primary catchment of over 230,000 middle- to high-income residents within a five-mile radius, augmented by airport passenger traffic averaging 3-4 million annually. The tenant mix comprises over 230 outlets across themed zones: Stylish Avenue for apparel and accessories, Enchanter Boulevard for beauty and wellness, Savory for 20+ dining options, Gizmo Zone for gadgets, and Harajuku Mode for youth fashion, anchored by the Boulevard Hypermarket and Department Store. Complementary amenities include a skating rink, cinema, and integrated four-star Imperial Hotel with apartment suites, fostering extended dwell times. In Kuchings competitive retail market, Boulevard maintains a notable presence amid rapid supply growth, with city-wide occupancy averaging 63% in 2025 due to oversupply from rivals like The Spring and VivaCity. Leasing advantages encompass prime accessibility for impulse buys from travelers, diverse mix driving 20-30% cross-shopping, and flexible event spaces for brand activations. Drawbacks involve 60% occupancy at Boulevard, pressuring rents to RM 10-15 per square foot monthly, and vulnerability to tourism fluctuations impacting footfall, estimated at 5-7 million visitors yearly based on historical benchmarks. Operational strengths include modern themed layouts, though the aging 2007 core requires upkeep, and e-commerce competition erodes non-essential categories. Overall, it suits retailers targeting affluent locals and tourists in fashion, F\u0026B, and leisure, with balanced risk from market saturation.&quot;,&quot;city&quot;:{&quot;name&quot;:&quot;Kuching&quot;},&quot;anchor_tenants&quot;:&quot;Boulevard Hypermarket, Emart&quot;,&quot;distance&quot;:3.81,&quot;cover_photo&quot;:null,&quot;key_stats&quot;:{&quot;retail_stores_count&quot;:&quot;230&quot;,&quot;gla_sqm&quot;:&quot;157935&quot;,&quot;anchor_tenants&quot;:&quot;Boulevard Hypermarket, Emart&quot;}}],&quot;secondary&quot;:[],&quot;outside&quot;:[]}" data-map-update-url-value="/malls/the-spring-kuching" id="mall-map-wrapper"><div data-city="Kuching" data-current-mall="true" data-id="the-spring-kuching" data-lat="1.535619" data-lng="110.357612" data-map-target="mall" data-name="The Spring Kuching" 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">5 km</div><div class="stat-label">Primary Catchment Area</div></div><div class="stat-card"><div class="stat-value">20 km</div><div class="stat-label">Secondary Catchment Area</div></div><div class="stat-card"><div class="stat-value">450,000 People</div><div class="stat-label">Catchment area population</div></div><div class="stat-card"><div class="stat-value">1.69</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">RM 5,500 MYR per month</div><div class="stat-label">Median household income</div></div><div class="stat-card"><div class="stat-value">3.0</div><div class="stat-label">Unemployment rate</div></div><div class="stat-card"><div class="stat-value">45 Index (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">RM 3,500 MYR per year</div><div class="stat-label">Retail spending per capita</div></div><div class="stat-card"><div class="stat-value">RM 200 MYR per year</div><div class="stat-label">Spending on apparel</div></div><div class="stat-card"><div class="stat-value">RM 1,200 MYR per year</div><div class="stat-label">Spending on groceries</div></div><div class="stat-card"><div class="stat-value">RM 400 MYR per 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">5,000,000 Visitors</div><div class="stat-label">Annual foot traffic</div></div><div class="stat-card"><div class="stat-value">120 Minutes</div><div class="stat-label">Dwell time</div></div><div class="stat-card"><div class="stat-value">20.0</div><div class="stat-label">Conversion rate</div></div><div class="stat-card"><div class="stat-value">RM 5,000 MYR per 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">180 Stores</div><div class="stat-label">Number of retail stores</div></div><div class="stat-card"><div class="stat-value">Yes Binary</div><div class="stat-label">Anchor tenant presence</div></div><div class="stat-card"><div class="stat-value">3 Malls per 100,000 people</div><div class="stat-label">Competitor density (same category)</div></div><div class="stat-card"><div class="stat-value">High Qualitative</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">39,000 sqm</div><div class="stat-label">Gross Leasable Area</div></div><div class="stat-card"><div class="stat-value">3 Levels</div><div class="stat-label">Number of Levels</div></div><div class="stat-card"><div class="stat-value">RM 25 MYR per sqm per month</div><div class="stat-label">Average rent per square meter</div></div><div class="stat-card"><div class="stat-value">5.0</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 Qualitative</div><div class="stat-label">Proximity to main roads</div></div><div class="stat-card"><div class="stat-value">High Qualitative</div><div class="stat-label">Public transport access</div></div><div class="stat-card"><div class="stat-value">2,000 Spaces</div><div class="stat-label">Parking spaces</div></div><div class="stat-card"><div class="stat-value">Medium Qualitative</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 Qualitative</div><div class="stat-label">E-commerce competition</div></div><div class="stat-card"><div class="stat-value">30.0</div><div class="stat-label">Click-and-collect adoption</div></div><div class="stat-card"><div class="stat-value">90.0</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">1 Incidents per 1,000 visitors</div><div class="stat-label">Retail crime rate</div></div><div class="stat-card"><div class="stat-value">CCTV and Guards Qualitative</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">50 Events per year</div><div class="stat-label">Promotional events</div></div><div class="stat-card"><div class="stat-value">40.0</div><div class="stat-label">Loyalty program penetration</div></div><div class="stat-card"><div class="stat-value">High Qualitative</div><div class="stat-label">Digital signage presence</div></div></div></div><div class="stats-category"><h5>Growth Potential</h5><div class="stats-grid"><div class="stat-card"><div class="stat-value">5.0</div><div class="stat-label">Projected foot traffic growth</div></div><div class="stat-card"><div class="stat-value">10 Tenants</div><div class="stat-label">New tenant pipeline</div></div></div></div></div></div></div></template></turbo-stream>