Subang Parade
Subang Parade was the first regional shopping centre in Selangor when it opened in 1988. Strategically located in the heart of Subang Jaya, a township 25 minutes away from Kuala Lumpur, Subang Parade continues to demonstrate resilience and innovation in the face of challenging market conditions. The neighbourhood-focused mall maintained its position as a premier shopping destination, delivering sustained value to both tenants and visitors. Our commitment to enhancing the shopping experience, community engagement, and operational efficiency has contributed to another successful year.
In 2024, the mall witnessed the opening of 16 new outlets, while its visitor footfall reached 4.9 million. The list of new tenants included Oriental Parade, Fly Project, Game On, Swet Fitness, Mica, Padi House, Mokky’s Pizza and several other stores, further elevating the mall’s appeal to shoppers in the trade area. The secured tenants included local delicacies and entertainment to cater to the community needs. The Management is currently planning for a repositioning which will include a facelift, creation of new retail spaces, placemaking opportunities, amenities upgrading, and infrastructure modernization. The anticipated project, is expected to increase visitor footfall, increase visitor dwell time and average spending per visit turning it into the preferred lifestyle destination.
Building on our community-centric approach, the mall actively engaged with the local community through various events and partnerships. Support for local businesses, cultural events, and charitable activities reinforced Subang Parade Mall’s role as a key contributor to the community’s social fabric.
| Title | Freehold |
|---|---|
| Year opened | 1988 |
| Year acquired by Hektar REIT | 2006 |
| Year refurbished | 2006-2007 / 2019-2020 / 2024 (on-going) |
| No. 5 Jalan SS 16/1, Subang Jaya, 47500 Petaling Jaya, Selangor |
Data as of 31 December 2024
| Primary trade area | 1,834,000 within 20 minutes drive time |
|---|---|
| Gross floor area | 1,169,038 square foot |
| Net lettable area | 521,680 square foot |
| Car park | 1,287 bays |
| Acquisition price | RM 280.0 million |
| Valuation | RM 438.0 million |
| Tenants | 86 (only NLA lots) |
| Occupancy | 84.1% |
| Visitor traffic | 4.9 million per annum |
- Parkson
- Village Grocer
- Best Denki
- GSC & Game On
Top 10 tenants
| Tenant | Trade sector | NLA (sq ft) | % of total NLA | % of monthly rental income[1] | |
|---|---|---|---|---|---|
| Top 10 tenants (by monthly rental income) | 235,427 | 45.1% | 52.7% | ||
| Other tenants | 286,565 | 54.9% | 47.3% | ||
| Total | 521,992 | 100.0% | 100.0% | ||
| 1 | Parkson Grand | Department Store/Supermarket | 140,620 | 26.9% | 27.3% |
| 2 | GSC | Leisure & Entertainment/Sports & Fitness | 30,258 | 5.8% | 4.4% |
| 3 | Best Denki | Electronics & IT | 20,930 | 4.0% | 4.0% |
| 4 | Village Grocer | Department Store/Supermarket | 26,375 | 5.1% | 3.4% |
| 5 | Nando&squot;s | Chickenland Food & Beverage/Food Court | 2,610 | 0.5% | 2.6% |
| 6 | Caring Pharmacy | Health & Beauty | 2,679 | 0.5% | 2.5% |
| 7 | Yamaha Music School & Showroom | Leisure & Entertainment/Sports & Fitness | 5,733 | 1.1% | 2.2% |
| 8 | Optical 88 | Fashion & Footwear | 1,365 | 0.3% | 2.2% |
| 9 | Uncle Lim's Café | Food & Beverage/Food Court | 2,500 | 0.5% | 2.1% |
| 10 | Guardian | Health & Beauty | 2,357 | 0.5% | 2.0% |
|
Parkson Grand Department Store/Supermarket 140,620 square foot NLA 26.9% of total NLA 27.3% of monthly rental income[1] |
|
GSC Leisure & Entertainment/Sports & Fitness 30,258 square foot NLA 5.8% of total NLA 4.4% of monthly rental income[1] |
|
Best Denki Electronics & IT 20,930 square foot NLA 4.0% of total NLA 4.0% of monthly rental income[1] |
|
Village Grocer Department Store/Supermarket 26,375 square foot NLA 5.1% of total NLA 3.4% of monthly rental income[1] |
|
Nando&squot;s Chickenland Food & Beverage/Food Court 2,610 square foot NLA 0.5% of total NLA 2.6% of monthly rental income[1] |
|
Caring Pharmacy Health & Beauty 2,679 square foot NLA 0.5% of total NLA 2.5% of monthly rental income[1] |
|
Yamaha Music School & Showroom Leisure & Entertainment/Sports & Fitness 5,733 square foot NLA 1.1% of total NLA 2.2% of monthly rental income[1] |
|
Optical 88 Fashion & Footwear 1,365 square foot NLA 0.3% of total NLA 2.2% of monthly rental income[1] |
|
Uncle Lim's Café Food & Beverage/Food Court 2,500 square foot NLA 0.5% of total NLA 2.1% of monthly rental income[1] |
|
Guardian Health & Beauty 2,357 square foot NLA 0.5% of total NLA 2.0% of monthly rental income[1] |
|
Top 10 tenants (by monthly rental income) 235,427 square foot NLA 45.1% of total NLA 52.7% of monthly rental income |
|
Other tenants 286,565 square foot NLA 54.9% of total NLA 47.3% of monthly rental income |
|
Total 521,992 square foot NLA 100.0% of total NLA 100.0% of monthly rental income |
[1] Based on monthly rental income for December 2024.
Note: changes in NLA due to reconfiguration.
Subang Parade’s tenancy mix
(Tap individual slices for more details)
- * Based on monthly rental income for December 2021.
- Numbers may exceed 100% due to rounding up.
Tenancy expiry profile
| 2024 | 2025 | 2026 | |
|---|---|---|---|
| No. of tenancies expiring | 45 | 22 | 11 |
| NLA of tenancies expiring | 234,580 sq ft | 110,737 sq ft | 42,601 sq ft |
| NLA of tenancies expiring as % of total NLA | 44.9% | 21.2% | 8.2% |
| % of total monthly rental income[2] | 58.8% | 29.9% | 11.4% |
[2] Based on monthly rental income for December 2024
Mahkota Parade
Mahkota Parade was the first ‘regional’ shopping centre located in the heart of historic Melaka. It was injected into the REIT in 2006 and underwent a transformation soon after in 2009. Since it was re-launched in 2010, Mahkota Parade continued to flourish until today. In the fiscal year 2024, Mahkota Parade Melaka continued its legacy as the most prominent retail and entertainment hub in Melaka. Anchored by the established Parkson Department Store, the centre also serves as the main destination for major community events, tourist events, and exhibitions. The mall sustained a high tenant occupancy rate of 98.1% during the year, a 4.1% increment from the previous year, underscoring its appeal to a diverse range of retailers and ensuring a dynamic and engaging shopping environment for its visitors. Thanks to the successful tenant remixing exercises and marketing initiatives led by its team, Mahkota Parade is currently the largest contributor to the REIT’s portfolio income. Home to brands such as Chanel Cosmetics, Jo Malone and other international brands, this year, Mahkota Parade saw 14 new outlets opened such as Cha Tra Mue, Potato Corner, Jasmina and a few more.
| Title | Leasehold |
|---|---|
| Year opened | 1994 |
| Year acquired by Hektar REIT | 2006 |
| Year refurbished | 2010 |
| No. 1 Jalan Merdeka, 75000 Bandar Melaka, Melaka |
Data as of 31 December 2024
| Primary trade area | 382,200 within 20 minutes drive time |
|---|---|
| Gross floor area | 1,392,623 square foot |
| Net lettable area | 520,968 square foot |
| Car park | 1,079 bays |
| Acquisition price | RM232.0 million |
| Valuation | RM343.0 million |
| Tenants | 100 tenants (only NLA lots) |
| Occupancy | 98.1%% |
| Visitor traffic | 6.6 million per annum |
- Parkson
- Seleria Food Court
- JD Sports
- MM Cineplexes
- KFC
Top 10 tenants
| Tenant | Trade sector | NLA (sq ft) | % of total NLA | % of monthly rental income[1] | |
|---|---|---|---|---|---|
| Top 10 tenants (by monthly rental income) | 279,962 | 53.6% | 37.9% | ||
| Other tenants | 241,180 | 46.4% | 62.1% | ||
| Total | 521,142 | 100.0% | 100.0% | ||
| 1 | Parkson | Department Store/Supermarket | 111,895 | 21.5% | 15.1% |
| 2 | Seleria Foodcourt | Food & Beverage/Food Court | 36,475 | 7.0% | 4.9% |
| 3 | JD Sports | Fashion & Footwear | 5,942 | 1.1% | 2.9% |
| 4 | Restoran KFC | Food & Beverage/Food Court | 5,403 | 1.0% | 2.6% |
| 5 | Family Store | Department Store/Supermarket | 25,758 | 4.9% | 2.4% |
| 6 | Guardian | Health & Beauty | 3,800 | 0.7% | 2.4% |
| 7 | Gatti | Fashion & Footwear | 9,192 | 1.8% | 2.3% |
| 8 | MR. D.I.Y | Homewares & Furnishing | 16,690 | 3.2% | 1.9% |
| 9 | MM2 Starscreen | Leisure & Entertainment/Sports & Fitness | 28,090 | 5.4% | 1.7% |
| 10 | Ampang Superbowl | Leisure & Entertainment/Sports & Fitness | 36,717 | 7.0% | 1.7% |
|
Parkson Department Store/Supermarket 111,895 square foot NLA 21.5% of total NLA 15.1% of monthly rental income[1] |
|
Seleria Foodcourt Food & Beverage/Food Court 36,475 square foot NLA 7.0% of total NLA 4.9% of monthly rental income[1] |
|
JD Sports Fashion & Footwear 5,942 square foot NLA 1.1% of total NLA 2.9% of monthly rental income[1] |
|
Restoran KFC Food & Beverage/Food Court 5,403 square foot NLA 1.0% of total NLA 2.6% of monthly rental income[1] |
|
Family Store Department Store/Supermarket 25,758 square foot NLA 4.9% of total NLA 2.4% of monthly rental income[1] |
|
Guardian Health & Beauty 3,800 square foot NLA 0.7% of total NLA 2.4% of monthly rental income[1] |
|
Gatti Fashion & Footwear 9,192 square foot NLA 1.8% of total NLA 2.3% of monthly rental income[1] |
|
MR. D.I.Y Homewares & Furnishing 16,690 square foot NLA 3.2% of total NLA 1.9% of monthly rental income[1] |
|
MM2 Starscreen Leisure & Entertainment/Sports & Fitness 28,090 square foot NLA 5.4% of total NLA 1.7% of monthly rental income[1] |
|
Ampang Superbowl Leisure & Entertainment/Sports & Fitness 36,717 square foot NLA 7.0% of total NLA 1.7% of monthly rental income[1] |
|
Top 10 tenants (by monthly rental income) 279,962 square foot NLA 53.6% of total NLA 37.9% of monthly rental income |
|
Other tenants 241,180 square foot NLA 46.4% of total NLA 62.1% of monthly rental income |
|
Total 521,142 square foot NLA 100.0% of total NLA 100.0% of monthly rental income |
[1] Based on monthly rental income for December 2024.
Mahkota Parade’s tenancy mix
(Tap individual slices for more details)
- * Based on monthly rental income for December 2021.
- Numbers may exceed 100% due to rounding up.
Tenancy expiry profile
| 2024 | 2025 | 2026 | |
|---|---|---|---|
| No. of tenancies expiring | 37 | 37 | 17 |
| NLA of tenancies expiring | 183,728 sq ft | 154,006 sq ft | 151,317 sq ft |
| NLA of tenancies expiring as % of total NLA | 35.3% | 29.6% | 29.0% |
| % of total monthly rental income[2] | 42.4% | 29.3% | 28.3% |
[2] Based on monthly rental income for December 2024
Wetex Parade
Wetex Parade and Classic Hotel is an integrated retail and hotel development located within the commercial heart of Muar, Johor. Opened in 1996, Wetex Parade remains as the only department store anchored shopping centre in town and serves as the premier retail destination for the royal town. Wetex Parade achieved a stable occupancy rate of 96.5% in 2024 and welcomed 2 new tenants.
Classic Hotel, the largest hotel in Muar and with the largest ballroom facilities overlooks the serene Muar River. Occupancy rate of Classic Hotel was at 36% with an average room rate of RM162 in 2024 on the back of the lifting of travelling restrictions and normalisation of economic and tourism activities. Opened the same year, the hotel underwent full refurbishment in 2018 in an effort to enhance its looks and facilities. The hotel now features 156 newly renovated rooms furnished with classic contemporary interiors to better suit the needs of the modern travellers.
| Title | Freehold |
|---|---|
| Year opened | 1996 |
| Year acquired by Hektar REIT | 2008 |
| Year refurbished | 2010 (Mall), 2018 (Hotel) |
| 69 Jalan Ali, Off Jalan Sulaiman, 84000 Muar, Johor |
Data as of 31 December 2024
| Primary trade area | 201,600 within 20 minutes drive time |
|---|---|
| Gross floor area | 281,590 square foot |
| Net lettable area | 170,463 square foot |
| Classic Hotel GFA | 125,931 square foot |
| Car park | 175 bays |
| Acquisition price | RM117.5 million |
| Valuation | RM153.0 million |
| Tenants | 57 (only NLA lots) |
| Occupancy | 96.5% |
| Visitor traffic | 2.9 million per annum |
- The Store
- Watson’s
- Guardian
- McDonald’s
- MR. D.I.Y.
Top 10 tenants
| Tenant | Trade sector | NLA (sq ft) | % of total NLA | % of monthly rental income[1] | |
|---|---|---|---|---|---|
| Top 10 tenants (by monthly rental income) | 117,732 | 69.1% | 55.4% | ||
| Other tenants | 52,731 | 30.9% | 44.6% | ||
| Total | 170,463 | 100.0% | 100.0% | ||
| 1 | The Store | Department Store/Supermarket | 85,413 | 50.1% | 28.2% |
| 2 | Watson&squot;s | Health & Beauty | 2,824 | 1.7% | 7.1% |
| 3 | Guardian | Health & Beauty | 2,949 | 1.7% | 3.1% |
| 4 | McDonald&squot;s | Food & Beverage/Food Court | 2,489 | 1.5% | 2.8% |
| 5 | MR. D.I.Y. | Homewares & Furnishing | 9,577 | 5.6% | 2.7% |
| 6 | Popular Bookstore | Gifts/Books/Toys/Specialty | 7,190 | 4.2% | 2.4% |
| 7 | Baker House Confectionery | Food & Beverage/Food Court | 990 | 0.6% | 2.4% |
| 8 | Tanjongmas Bookcentre | Gifts/Books/Toys/Specialty | 4,037 | 2.4% | 2.4% |
| 9 | Pao Sing | Fashion & Footwear | 1,023 | 0.6% | 2.2% |
| 10 | Bata | Fashion & Footwear | 1,240 | 0.7% | 2.1% |
|
The Store Department Store/Supermarket 85,413 square foot NLA 50.1% of total NLA 28.2% of monthly rental income[1] |
|
Watson&squot;s Health & Beauty 2,824 square foot NLA 1.7% of total NLA 7.1% of monthly rental income[1] |
|
Guardian Health & Beauty 2,949 square foot NLA 1.7% of total NLA 3.1% of monthly rental income[1] |
|
McDonald&squot;s Food & Beverage/Food Court 2,489 square foot NLA 1.5% of total NLA 2.8% of monthly rental income[1] |
|
MR. D.I.Y. Homewares & Furnishing 9,577 square foot NLA 5.6% of total NLA 2.7% of monthly rental income[1] |
|
Popular Bookstore Gifts/Books/Toys/Specialty 7,190 square foot NLA 4.2% of total NLA 2.4% of monthly rental income[1] |
|
Baker House Confectionery Food & Beverage/Food Court 990 square foot NLA 0.6% of total NLA 2.4% of monthly rental income[1] |
|
Tanjongmas Bookcentre Gifts/Books/Toys/Specialty 4,037 square foot NLA 2.4% of total NLA 2.4% of monthly rental income[1] |
|
Pao Sing Fashion & Footwear 1,023 square foot NLA 0.6% of total NLA 2.2% of monthly rental income[1] |
|
Bata Fashion & Footwear 1,240 square foot NLA 0.7% of total NLA 2.1% of monthly rental income[1] |
|
Top 10 tenants (by monthly rental income) 117,732 square foot NLA 69.1% of total NLA 55.4% of monthly rental income |
|
Other tenants 52,731 square foot NLA 30.9% of total NLA 44.6% of monthly rental income |
|
Total 170,463 square foot NLA 100.0% of total NLA 100.0% of monthly rental income |
[1] Based on monthly rental income for December 2024.
Note: changes in NLA due to reconfiguration
Wetex Parade’s tenancy mix
(Tap individual slices for more details)
- * Based on monthly rental income for December 2021.
- Numbers may exceed 100% due to rounding up.
Tenancy expiry profile
| 2024 | 2025 | 2026 | |
|---|---|---|---|
| No. of tenancies expiring | 22 | 16 | 23 |
| NLA of tenancies expiring | 113,959 sq ft | 21,948 sq ft | 30,531 sq ft |
| NLA of tenancies expiring as % of total NLA | 66.9% | 12.9% | 17.9% |
| % of total monthly rental income[2] | 55.8% | 25.6% | 18.6% |
[2] Based on monthly rental income for December 2024
Central Square
Central Square was the fourth asset acquired by Hektar REIT back in 2012. Completed in 1997, Central Square is arguably one of the most recognisable landmarks in its town. Nestled in the heart of Sungai Petani, Central Square enjoys a strategic location, making it easily accessible to the community. Situated amidst the bustling commercial district, it serves as a central hub for shopping, dining, and entertainment. Central Square takes pride in fostering a sense of community. Regular events, promotions, and activities bring people together, turning Central Square into more than just a shopping center but a social hub where memories are created.
Central Square continuously evolves to meet the changing needs and preferences of its patrons. Planned mini anchor remixing exercises, space reconfiguration, and collaborations ensure that it remains a dynamic and relevant part of Sungai Petani. The management remains focused on upgrading the quality of the tenant mix and positioning of Central Square, as reflected by the entry of several new tenants. In 2024, the shopping centre recorded visitor traffic of 3.3 million while occupancy is at 71.7%.
| Title | Freehold |
|---|---|
| Year opened | 1997 |
| Year acquired by Hektar REIT | 2012 |
| Year refurbished | 2015 |
| 23, Jalan Kampung Baru, 08000 Sungai Petani, Kedah |
Data as of 31 December 2024
| Primary trade area | 406,870 within 20 minutes drive time |
|---|---|
| Gross floor area | 743,117 square foot |
| Net lettable area | 310,902 square foot |
| Car park | 478 bays |
| Acquisition price | RM83.0 million |
| Valuation | RM95.9 million |
| Tenants | 47 (only NLA lots) |
| Occupancy | 71.1% |
| Visitor traffic | 3.3 million per annum |
- The Store
- KFC
- MR. D.I.Y.
- Guardian
- Wow Wonderland Box
Top 10 tenants
| Tenant | Trade sector | NLA (sq ft) | % of total NLA | % of monthly rental income[1] | |
|---|---|---|---|---|---|
| Top 10 tenants (by monthly rental income) | 198,036 | 64.0% | 69.8% | ||
| Other tenants | 112,529 | 36.0% | 30.2% | ||
| Total | 310,565 | 100.0% | 100.0% | ||
| 1 | The Store | Department Store/Supermarket | 130,000 | 41.9% | 44.2% |
| 2 | GSC | Leisure & Entertainment/Sports & Fitness | 34,412 | 11.1% | 6.4% |
| 3 | KFC | Food & Beverage/Food Court | 3,619 | 1.2% | 4.7% |
| 4 | MR. D.I.Y. | Homewares & Furnishing | 11,968 | 3.9% | 3.2% |
| 5 | Guardian Pharmacy | Health & Beauty | 1,443 | 0.5% | 2.8% |
| 6 | Wow Wonderland Box | Leisure & Entertainment/Sports & Fitness | 5,600 | 1.8% | 2.1% |
| 7 | Watson&squot;s | Health & Beauty | 1,131 | 0.4% | 1.8% |
| 8 | Butik Tiesto | Fashion & Footwear | 1,339 | 0.4% | 1.6% |
| 9 | Gatti | Fashion & Footwear | 6,450 | 2.1% | 1.5% |
| 10 | A Sama Thaifood | Food & Beverage/Food Court | 2,074 | 0.7% | 1.5% |
|
The Store Department Store/Supermarket 130,000 square foot NLA 41.9% of total NLA 44.2% of monthly rental income[1] |
|
GSC Leisure & Entertainment/Sports & Fitness 34,412 square foot NLA 11.1% of total NLA 6.4% of monthly rental income[1] |
|
KFC Food & Beverage/Food Court 3,619 square foot NLA 1.2% of total NLA 4.7% of monthly rental income[1] |
|
MR. D.I.Y. Homewares & Furnishing 11,968 square foot NLA 3.9% of total NLA 3.2% of monthly rental income[1] |
|
Guardian Pharmacy Health & Beauty 1,443 square foot NLA 0.5% of total NLA 2.8% of monthly rental income[1] |
|
Wow Wonderland Box Leisure & Entertainment/Sports & Fitness 5,600 square foot NLA 1.8% of total NLA 2.1% of monthly rental income[1] |
|
Watson&squot;s Health & Beauty 1,131 square foot NLA 0.4% of total NLA 1.8% of monthly rental income[1] |
|
Butik Tiesto Fashion & Footwear 1,339 square foot NLA 0.4% of total NLA 1.6% of monthly rental income[1] |
|
Gatti Fashion & Footwear 6,450 square foot NLA 2.1% of total NLA 1.5% of monthly rental income[1] |
|
A Sama Thaifood Food & Beverage/Food Court 2,074 square foot NLA 0.7% of total NLA 1.5% of monthly rental income[1] |
|
Top 10 tenants (by monthly rental income) 198,036 square foot NLA 64.0% of total NLA 69.8% of monthly rental income |
|
Other tenants 112,529 square foot NLA 36.0% of total NLA 30.2% of monthly rental income |
|
Total 310,565 square foot NLA 100.0% of total NLA 100.0% of monthly rental income |
[1] Based on monthly rental income for December 2024
Central Square’s tenancy mix
(Tap individual slices for more details)
- * Based on monthly rental income for December 2021.
- Numbers may exceed 100% due to rounding up.
Tenancy expiry profile
| 2024 | 2025 | 2026 | |
|---|---|---|---|
| No. of tenancies expiring | 34 | 9 | 6 |
| NLA of tenancies expiring | 198,100 sq ft | 62,276 sq ft | 10,098 sq ft |
| NLA of tenancies expiring as % of total NLA | 63.8% | 20.1% | 3.3% |
| % of total monthly rental income[2] | 78.1% | 15.6% | 6.4% |
[2] Based on monthly rental income for December 2024
Kulim Central
Nestled in the heart of Kulim, Kedah, Kulim Central Shopping Mall stands as a beacon of modern retail, offering a diverse and enriching experience for residents and visitors alike. The only shopping centre in the area, the asset was acquired by Hektar REIT in 2012 together with Central Square.
The mall formerly known as Landmark Central was rebranded in 2017 and is now known as Kulim Central following the completion of the refurbishment and AEI exercise that was carried out in the same year. Kulim Central Shopping Mall is not just a shopping haven; it’s a gastronomic delight. The mall’s diverse culinary offerings cater to every palate, ranging from local delicacies to international cuisine to suit its target market.
Kulim Central’s occupancy rate is at 83.9%, while its reversion rate remains positive at 8.9%, a result of the successful repositioning initiative in 2017. In 2024, Kulim Central welcomed 2 new tenancies.
| Title | Freehold |
|---|---|
| Year opened | 2009 |
| Year acquired by Hektar REIT | 2012 |
| Year refurbished | 2017 |
| No. 1 Jalan KLC Satu (1), 09000 Kulim, Kedah |
Data as of 31 December 2024
| Primary trade area | 287,694 within 20 minutes drive time |
|---|---|
| Gross floor area | 513,333 square foot |
| Net lettable area | 294,872 square foot |
| Car park | 519 bays |
| Acquisition price | RM 98.0 million |
| Valuation | RM144.6 million |
| Tenants | 72 (only NLA lots) |
| Occupancy | 83.9% |
| Visitor traffic | 3.2 million per annum |
- Giant Superstore
- The Store
- Seleria Food Court
- GSC
- Ole Ole
- MR. D.I.Y.
Top 10 tenants
| Tenant | Trade sector | NLA (sq ft) | % of total NLA | % of monthly rental income[1] | |
|---|---|---|---|---|---|
| Top 10 tenants (by monthly rental income) | 203,867 | 67.9% | 43.9% | ||
| Other tenants | 95,914 | 32.1% | 56.1% | ||
| Total | 299,781 | 100.0% | 100.0% | ||
| 1 | Giant Superstore | Department Store/Supermarket | 72,140 | 24.1% | 14.0% |
| 2 | The Store | Department Store/Supermarket | 51,701 | 17.2% | 8.4% |
| 3 | GSC | Leisure & Entertainment/Sports & Fitness | 24,000 | 8.0% | 4.5% |
| 4 | Ole Ole superbowl | Leisure & Entertainment/Sports & Fitness | 23,670 | 7.9% | 3.0% |
| 5 | Watson&squot;s | Health & Beauty | 2,238 | 0.7% | 2.5% |
| 6 | MR. D.I.Y. | Homewares & Furnishing | 11,711 | 3.9% | 2.5% |
| 7 | Food Court | Food & Beverage/Food Court | 3,894 | 1.3% | 2.4% |
| 8 | Pizza Hut | Food & Beverage/Food Court | 3,530 | 1.2% | 2.3% |
| 9 | Hasani Books Store | Gifts/Books/Toys/Specialty | 5,228 | 1.7% | 2.2% |
| 10 | Hanzo | Fashion & Footwear | 5,755 | 1.9% | 2.1% |
|
Giant Superstore Department Store/Supermarket 72,140 square foot NLA 24.1% of total NLA 14.0% of monthly rental income[1] |
|
The Store Department Store/Supermarket 51,701 square foot NLA 17.2% of total NLA 8.4% of monthly rental income[1] |
|
GSC Leisure & Entertainment/Sports & Fitness 24,000 square foot NLA 8.0% of total NLA 4.5% of monthly rental income[1] |
|
Ole Ole superbowl Leisure & Entertainment/Sports & Fitness 23,670 square foot NLA 7.9% of total NLA 3.0% of monthly rental income[1] |
|
Watson&squot;s Health & Beauty 2,238 square foot NLA 0.7% of total NLA 2.5% of monthly rental income[1] |
|
MR. D.I.Y. Homewares & Furnishing 11,711 square foot NLA 3.9% of total NLA 2.5% of monthly rental income[1] |
|
Food Court Food & Beverage/Food Court 3,894 square foot NLA 1.3% of total NLA 2.4% of monthly rental income[1] |
|
Pizza Hut Food & Beverage/Food Court 3,530 square foot NLA 1.2% of total NLA 2.3% of monthly rental income[1] |
|
Hasani Books Store Gifts/Books/Toys/Specialty 5,228 square foot NLA 1.7% of total NLA 2.2% of monthly rental income[1] |
|
Hanzo Fashion & Footwear 5,755 square foot NLA 1.9% of total NLA 2.1% of monthly rental income[1] |
|
Top 10 tenants (by monthly rental income) 203,867 square foot NLA 67.9% of total NLA 43.9% of monthly rental income |
|
Other tenants 95,914 square foot NLA 32.1% of total NLA 56.1% of monthly rental income |
|
Total 299,781 square foot NLA 100.0% of total NLA 100.0% of monthly rental income |
[1] Based on monthly rental income for December 2024
Kulim Central’s tenancy mix
(Tap individual slices for more details)
- * Based on monthly rental income for December 2021.
- Numbers may exceed 100% due to rounding up.
Tenancy expiry profile
| 2024 | 2025 | 2026 | |
|---|---|---|---|
| No. of tenancies expiring | 29 | 29 | 14 |
| NLA of tenancies expiring | 193,009 sq ft | 82,247 sq ft | 15,334 sq ft |
| NLA of tenancies expiring as % of total NLA | 41.5% | 27.4% | 5.1% |
| % of total monthly rental income[2] | 49.4% | 38.5% | 12.1% |
[2] Based on monthly rental income for December 2024
Segamat Central
Segamat Central is the only purpose-built shopping centre in Segamat and was acquired by Hektar REIT in 2017. It has the largest cinema in Segamat, a direct link to Segamat’s main bus terminal and is within walking distance of the KTM railway station.
Since the acquisition, the centre has been undergoing a comprehensive tenant remixing strategy and upgrading process. The rebranding from “1Segamat” to Segamat Central marked a strategic shift and is now followed by the repainting and space reconfiguration exercise to enhance the overall appeal and functionality of the mall. The management has been actively implementing a rental revision strategy to retain existing tenants while also attracting mini anchors and specialty anchors to the mall.
In 2024, Segamat Central recorded an occupancy rate of 58.4% and visitor traffic of 1.8 million visits.
| Title | Leasehold |
|---|---|
| Year opened | 2011 |
| Year acquired by Hektar REIT | 2017 |
| Year refurbished | in progress |
| Jalan Kolam Air, Kampung Gubah, 85000 Segamat, Johor |
Data as of 31 December 2024
| Primary trade area | 190,000 within 20 minutes drive time |
|---|---|
| Gross floor area | 486,789 square foot |
| Net lettable area | 223,017 square foot |
| Car park | 389 bays |
| Acquisition price | RM104.0 million |
| Valuation | RM62.0 million |
| Tenants | 30 (only NLA lots) |
| Occupancy | 58.4% |
| Visitor traffic | 1.8 million per annum |
- MM Cineplexes
- Mi Store
- MR. D.I.Y.
- Sportz / HT Jeans
- XES Premium
Top 10 tenants
| Tenant | Trade sector | NLA (sq ft) | % of total NLA | % of monthly rental income[1] | |
|---|---|---|---|---|---|
| Top 10 tenants (by monthly rental income) | 74,982 | 35.3% | 60.7% | ||
| Other tenants | 136,937 | 64.7% | 39.3% | ||
| Total | 211,919 | 100.0% | 100.0% | ||
| 1 | MM Cineplexes | Leisure & Entertainment/Sports & Fitness | 32,432 | 15.3% | 19.5% |
| 2 | MR. D.I.Y. | Homewares & Furnishing | 13,896 | 6.6% | 8.8% |
| 3 | Mi | Electronics & IT | 5,565 | 2.6% | 6.7% |
| 4 | Sportsz / HT Jeans | Fashion & Footwear | 4,898 | 2.3% | 4.1% |
| 5 | XES Premium | Fashion & Footwear | 1,991 | 0.9% | 3.9% |
| 6 | Switch | Electronics & IT | 1,184 | 0.6% | 3.8% |
| 7 | AD Jeans | Fashion & Footwear | 3,218 | 1.5% | 3.7% |
| 8 | KFC Restoran | Food & Beverage/Food Court | 3,240 | 1.5% | 3.4% |
| 9 | Popular | Gifts/Books/Toys/Specialty | 4,898 | 2.3% | 3.4% |
| 10 | Siam Restaurant | Food & Beverage/Food Court | 3,660 | 1.7% | 3.4% |
|
MM Cineplexes Leisure & Entertainment/Sports & Fitness 32,432 square foot NLA 15.3% of total NLA 19.5% of monthly rental income[1] |
|
MR. D.I.Y. Homewares & Furnishing 13,896 square foot NLA 6.6% of total NLA 8.8% of monthly rental income[1] |
|
Mi Electronics & IT 5,565 square foot NLA 2.6% of total NLA 6.7% of monthly rental income[1] |
|
Sportsz / HT Jeans Fashion & Footwear 4,898 square foot NLA 2.3% of total NLA 4.1% of monthly rental income[1] |
|
XES Premium Fashion & Footwear 1,991 square foot NLA 0.9% of total NLA 3.9% of monthly rental income[1] |
|
Switch Electronics & IT 1,184 square foot NLA 0.6% of total NLA 3.8% of monthly rental income[1] |
|
AD Jeans Fashion & Footwear 3,218 square foot NLA 1.5% of total NLA 3.7% of monthly rental income[1] |
|
KFC Restoran Food & Beverage/Food Court 3,240 square foot NLA 1.5% of total NLA 3.4% of monthly rental income[1] |
|
Popular Gifts/Books/Toys/Specialty 4,898 square foot NLA 2.3% of total NLA 3.4% of monthly rental income[1] |
|
Siam Restaurant Food & Beverage/Food Court 3,660 square foot NLA 1.7% of total NLA 3.4% of monthly rental income[1] |
|
Top 10 tenants (by monthly rental income) 74,982 square foot NLA 35.3% of total NLA 60.7% of monthly rental income |
|
Other tenants 136,937 square foot NLA 64.7% of total NLA 39.3% of monthly rental income |
|
Total 211,919 square foot NLA 100.0% of total NLA 100.0% of monthly rental income |
[1] Based on monthly rental income for December 2024.
Segamat Central’s tenancy mix
(Tap individual slices for more details)
- * Based on monthly rental income for December 2021.
- Numbers may exceed 100% due to rounding up.
Tenancy expiry profile
| 2024 | 2025 | 2026 | |
|---|---|---|---|
| No. of tenancies expiring | 25 | 8 | 3 |
| NLA of tenancies expiring | 129,353 sq ft | 24,790 sq ft | 6,966 sq ft |
| NLA of tenancies expiring as % of total NLA | 61.0% | 11.7% | 3.3% |
| % of total monthly rental income[2] | 69.0% | 23.4% | 7.7% |
[2] Based on monthly rental income for December 2024