Subang Parade


Subang Parade was the first regional shopping centre in Selangor when it opened in 1988. It remains as one of Hektar REIT's core assets, a popular shopping centre within its catchment area, in the heart of Subang Jaya's commercial district, a township 25 minutes away from Kuala Lumpur.

Subang Parade’s positioning strategy is currently neighbourhood-focused with an emphasis on its primary trade area which provides the centre with a ‘captive’ customer base.

The appeal of the shopping centre lies in its ability to provide value and convenience to its shoppers. In 2022, the Management remains steadfast on an “occupancy first“ strategy by executing a rental revision strategy to retain existing tenants as well as attract specialty anchors and more F&B retailers to the mall.

We welcomed the opening of Asiari at the mall in June 2022 and Ayam Penyet Best in December 2022, in line with the tenancy rejuvenation plans for Subang Parade which would refresh its F&B offerings.

Footfall improved by 19% to 4.7 million in 2022 as we intensified our marketing initiatives by carrying out sales-driven promotional campaigns at the mall.

Title Freehold
Year opened 1988
Year acquired by Hektar REIT 2006
Year refurbished 2006-2007 / 2019-2020
No. 5 Jalan SS 16/1, Subang Jaya, 47500 Petaling Jaya, Selangor

Data as of 31 December 2022

Primary trade area 1,834,000 within 20 minutes drive time
Gross floor area 1,169,038 square foot
Net lettable area 527,139 square foot
Car park 1,288 bays
Acquisition price RM 280.0 million
Valuation RM 417.0 million
Tenants 74 (only NLA lots)
Occupancy 70.3%
Visitor traffic 4.7 million per annum
  • Parkson
  • GSC
  • Best Denki
  • Village Grocer
  • Nando’s Chickenland

Top 10 tenants

Tenant Trade sector NLA (sq ft) % of total NLA % of monthly rental income[1]
Top 10 tenants (by monthly rental income) 237,457 45.0% 53.6%
Other tenants 289,682 55.0% 46.4%
Total 527,139 100.0% 100.0%
1 Parkson Department Store/Supermarket 140,620 26.7% 27.7%
2 GSC Leisure & Entertainment/Sports & Fitness 30,258 5.7% 4.5%
3 Best Denki Electronics & IT 20,930 4.0% 4.1%
4 Village Grocer Department Store/Supermarket 26,375 5.0% 3.5%
5 Nando'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 Gifts/Books/Toys/Specialty 5,733 1.1% 2.3%
8 Uncle Lim's Café Food & Beverage/Food Court 2,500 0.5% 2.1%
9 Optical 88 Fashion & Footwear 1,365 0.3% 2.1%
10 MNB Fashion & Footwear 4,387 0.8% 2.1%
Parkson
Department Store/Supermarket
140,620 square foot NLA
26.7% of total NLA
27.7% of monthly rental income[1]
GSC
Leisure & Entertainment/Sports & Fitness
30,258 square foot NLA
5.7% of total NLA
4.5% of monthly rental income[1]
Best Denki
Electronics & IT
20,930 square foot NLA
4.0% of total NLA
4.1% of monthly rental income[1]
Village Grocer
Department Store/Supermarket
26,375 square foot NLA
5.0% of total NLA
3.5% of monthly rental income[1]
Nando'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
Gifts/Books/Toys/Specialty
5,733 square foot NLA
1.1% of total NLA
2.3% 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]
Optical 88
Fashion & Footwear
1,365 square foot NLA
0.3% of total NLA
2.1% of monthly rental income[1]
MNB
Fashion & Footwear
4,387 square foot NLA
0.8% of total NLA
2.1% of monthly rental income[1]
Top 10 tenants (by monthly rental income)
237,457 square foot NLA
45.0% of total NLA
53.6% of monthly rental income
Other tenants
289,682 square foot NLA
55.0% of total NLA
46.4% of monthly rental income
Total
527,139 square foot NLA
100.0% of total NLA
100.0% of monthly rental income

[1] Based on monthly rental income for December 2022.

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

  2023 2024 2025
No. of tenancies expiring 53 16 5
NLA of tenancies expiring 153,317 sq ft 194,222 sq ft 22,899 sq ft
NLA of tenancies expiring as % of total NLA 29.1% 36.8% 4.3%
% of total monthly rental income[2] 47.9% 45.2% 6.9%

[2] Based on monthly rental income for December 2022

Mahkota Parade



Mahkota Parade was the first ‘regional’ shopping centre located in the heart of historic Melaka. It is positioned as the premier shopping centre in Melaka with the established Parkson Department Store as its anchor. The centre also serves as the main destination for major community events, tourist events, and exhibitions.

Despite market uncertainties, the Management continues to enhance the tenancy mix of the mall with the introduction of new & refreshed retailers such as Sushi Go, Oppo, Onezo, Siam Restaurant, Gigi Coffee, Rollney, Felancy, Pierre Cardin, Vivo and Madam Croffle in 2022. We also introduced a new and exciting F&B tenant, 4Fingers Crispy Chicken in January 2023.

Mahkota Parade remains as the main shopping destination in Melaka with a major increase in visits to 6.0 million in 2022 in line with the lifting of movement restrictions.

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 2022

Primary trade area 382,200 within 20 minutes drive time
Gross floor area 1,392,623 square foot
Net lettable area 521,142 square foot
Car park 1,079 bays
Acquisition price RM232.0 million
Valuation RM338.5 million
Tenants 84 tenants (only NLA lots)
Occupancy 86.9%%
Visitor traffic 6.0 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) 295,368 56.7% 42.7%
Other tenants 225,774 43.3% 57.3%
Total 521,142 100.0% 100.0%
1 Parkson Department Store/Supermarket 111,895 21.5% 17.1%
2 Seleria Food & Beverage/Food Court 6,475 7.0% 4.3%
3 JD Sports Fashion & Footwear 5,942 1.1% 3.3%
4 MM2 Cineplexes Leisure & Entertainment/Sports & Fitness 43,496 8.3% 3.1%
5 KFC Food & Beverage/Food Court 5,403 1.0% 3.0%
6 Family Store Department Store/Supermarket 25,758 4.9% 2.8%
7 Guardian Health & Beauty 3,800 0.7% 2.6%
8 Gatti Fashion & Footwear 9,192 1.8% 2.5%
9 MR. D.I.Y. Homewares & Furnishing 16,690 3.2% 2.2%
10 Ampang Superbowl Leisure & Entertainment/Sports & Fitness 36,717 7.0% 1.9%
Parkson
Department Store/Supermarket
111,895 square foot NLA
21.5% of total NLA
17.1% of monthly rental income[1]
Seleria
Food & Beverage/Food Court
6,475 square foot NLA
7.0% of total NLA
4.3% of monthly rental income[1]
JD Sports
Fashion & Footwear
5,942 square foot NLA
1.1% of total NLA
3.3% of monthly rental income[1]
MM2 Cineplexes
Leisure & Entertainment/Sports & Fitness
43,496 square foot NLA
8.3% of total NLA
3.1% of monthly rental income[1]
KFC
Food & Beverage/Food Court
5,403 square foot NLA
1.0% of total NLA
3.0% of monthly rental income[1]
Family Store
Department Store/Supermarket
25,758 square foot NLA
4.9% of total NLA
2.8% of monthly rental income[1]
Guardian
Health & Beauty
3,800 square foot NLA
0.7% of total NLA
2.6% of monthly rental income[1]
Gatti
Fashion & Footwear
9,192 square foot NLA
1.8% of total NLA
2.5% of monthly rental income[1]
MR. D.I.Y.
Homewares & Furnishing
16,690 square foot NLA
3.2% of total NLA
2.2% of monthly rental income[1]
Ampang Superbowl
Leisure & Entertainment/Sports & Fitness
36,717 square foot NLA
7.0% of total NLA
1.9% of monthly rental income[1]
Top 10 tenants (by monthly rental income)
295,368 square foot NLA
56.7% of total NLA
42.7% of monthly rental income
Other tenants
225,774 square foot NLA
43.3% of total NLA
57.3% 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 2022. Note: changes in NLA due to reconfiguration.

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

  2023 2024 2025
No. of tenancies expiring 42 19 23
NLA of tenancies expiring 291,601 sq ft 61,518 sq ft 99,886 sq ft
NLA of tenancies expiring as % of total NLA 56.0% 11.8% 19.2%
% of total monthly rental income[2] 62.3% 19.7% 18.0%

[2] Based on monthly rental income for December 2022

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 88% in 2022 with entries of new retailers such as Mi Store, Premium Store, Osim and Yole Yogurt, as well as refreshed retailers like Big Apple and Lazo Diamond. Overall, visitor traffic has increased by 52% in 2022 to 2.9 million visits.

Classic Hotel, the largest hotel in Muar and with the largest ballroom facilities overlooks the serene Muar River. Occupancy rate of Classic Hotel increased to 46% from 23% in 2021 with an average room rate of RM137 in 2022 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 traveller

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 2022

Primary trade area 201,600 within 20 minutes drive time
Gross floor area 281,590 square foot
Net lettable area 174,651 square foot
Classic Hotel GFA 125,931 square foot
Car park 177 bays
Acquisition price RM117.5 million
Valuation RM156.6 million
Tenants 54 (only NLA lots)
Occupancy 88.1%
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 67.4% 58.6%
Other tenants 56,919 32.6% 41.4%
Total 174,651 100.0% 100.0%
1 The Store Department Store/Supermarket 85,413 48.9% 30.4%
2 Watson's Health & Beauty 2,824 1.6% 7.4%
3 Guardian Health & Beauty 2,949 1.7% 3.2%
4 McDonald's Food & Beverage/Food Court 2,489 1.4% 3.1%
5 MR. D.I.Y. Homewares & Furnishing 9,577 5.5% 2.9%
6 Popular Bookstore Gifts/Books/Toys/Specialty 7,190 4.1% 2.6%
7 Baker House Confectionery Food & Beverage/Food Court 990 0.6% 2.6%
8 Tanjongmas Bookcentre Gifts/Books/Toys/Specialty 4,037 2.3% 2.2%
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
48.9% of total NLA
30.4% of monthly rental income[1]
Watson's
Health & Beauty
2,824 square foot NLA
1.6% of total NLA
7.4% of monthly rental income[1]
Guardian
Health & Beauty
2,949 square foot NLA
1.7% of total NLA
3.2% of monthly rental income[1]
McDonald's
Food & Beverage/Food Court
2,489 square foot NLA
1.4% of total NLA
3.1% of monthly rental income[1]
MR. D.I.Y.
Homewares & Furnishing
9,577 square foot NLA
5.5% of total NLA
2.9% of monthly rental income[1]
Popular Bookstore
Gifts/Books/Toys/Specialty
7,190 square foot NLA
4.1% of total NLA
2.6% of monthly rental income[1]
Baker House Confectionery
Food & Beverage/Food Court
990 square foot NLA
0.6% of total NLA
2.6% of monthly rental income[1]
Tanjongmas Bookcentre
Gifts/Books/Toys/Specialty
4,037 square foot NLA
2.3% of total NLA
2.2% 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
67.4% of total NLA
58.6% of monthly rental income
Other tenants
56,919 square foot NLA
32.6% of total NLA
41.4% of monthly rental income
Total
174,651 square foot NLA
100.0% of total NLA
100.0% of monthly rental income

[1] Based on monthly rental income for December 2022

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

  2023 2024 2025
No. of tenancies expiring 24 18 12
NLA of tenancies expiring 114,324 sq ft 24,442 sq ft 15,038 sq ft
NLA of tenancies expiring as % of total NLA 65.5% 14.0% 8.6%
% of total monthly rental income[2] 59.6% 24.2% 16.2%

[2] Based on monthly rental income for December 2022

Central Square



Completed in 1997, Central Square is the most established retail centre in Sungai Petani and is considered as one of the most recognisable landmarks in town. Strategically situated in the commercial centre and being the leading mall in town, Central Square was acquired by Hektar REIT in 2012.

The leading mall in Sungai Petani recorded visitor traffic of 2.7 million in 2022 while occupancy dipped to 82%.

The management remains focused on upgrading the quality of the tenant mix and positioning of Central Square, as reflected by the entry of Machines, Tealive, Asama Thai Food and I-Serve Technology & Vacations.

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 2022

Primary trade area 406,870 within 20 minutes drive time
Gross floor area 743,117 square foot
Net lettable area 310,564 square foot
Car park 478 bays
Acquisition price RM83.0 million
Valuation RM91.0 million
Tenants 45 (only NLA lots)
Occupancy 82.3%
Visitor traffic 2.7 million per annum
  • The Store
  • GSC
  • KFC
  • MR. D.I.Y.
  • Guardian

Top 10 tenants

Tenant Trade sector NLA (sq ft) % of total NLA % of monthly rental income[1]
Top 10 tenants (by monthly rental income) 193,106 62.2% 74.6%
Other tenants 117,458 37.8% 25.4%
Total 310,564 100.0% 100.0%
1 The Store Department Store/Supermarket 130,000 41.9% 46.3%
2 GSC Leisure & Entertainment/Sports & Fitness 34,412 11.1% 7.8%
3 KFC Food & Beverage/Food Court 3,619 1.2% 5.0%
4 MR. D.I.Y. Homewares & Furnishing 11,968 3.9% 3.3%
5 Guardian Health & Beauty 1,443 0.5% 2.9%
6 Wow Wonderland Box Leisure & Entertainment/Sports & Fitness 5,600 1.8% 2.2%
7 Poly Shoe Fashion & Footwear 1,521 0.5% 2.2%
8 Butik Tiesto Fashion & Footwear 1,339 0.4% 1.7%
9 Watson’s Health & Beauty 1,131 0.4% 1.7%
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
46.3% of monthly rental income[1]
GSC
Leisure & Entertainment/Sports & Fitness
34,412 square foot NLA
11.1% of total NLA
7.8% of monthly rental income[1]
KFC
Food & Beverage/Food Court
3,619 square foot NLA
1.2% of total NLA
5.0% of monthly rental income[1]
MR. D.I.Y.
Homewares & Furnishing
11,968 square foot NLA
3.9% of total NLA
3.3% of monthly rental income[1]
Guardian
Health & Beauty
1,443 square foot NLA
0.5% of total NLA
2.9% of monthly rental income[1]
Wow Wonderland Box
Leisure & Entertainment/Sports & Fitness
5,600 square foot NLA
1.8% of total NLA
2.2% of monthly rental income[1]
Poly Shoe
Fashion & Footwear
1,521 square foot NLA
0.5% of total NLA
2.2% of monthly rental income[1]
Butik Tiesto
Fashion & Footwear
1,339 square foot NLA
0.4% of total NLA
1.7% of monthly rental income[1]
Watson’s
Health & Beauty
1,131 square foot NLA
0.4% of total NLA
1.7% 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)
193,106 square foot NLA
62.2% of total NLA
74.6% of monthly rental income
Other tenants
117,458 square foot NLA
37.8% of total NLA
25.4% of monthly rental income
Total
310,564 square foot NLA
100.0% of total NLA
100.0% of monthly rental income

[1] Based on monthly rental income for December 2022

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

  2023 2024 2025
No. of tenancies expiring 33 10 2
NLA of tenancies expiring 197,976 sq ft 50,509 sq ft 7,048 sq ft
NLA of tenancies expiring as % of total NLA 63.7% 16.3% 2.3%
% of total monthly rental income[2] 75.7% 22.8% 1.5%

[2] Based on monthly rental income for December 2022

Kulim Central



Kulim Central is the only shopping centre in Kulim, Kedah and it was acquired by Hektar REIT in 2012.

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.

Kulim Central’s occupancy rate remained sterling at 96%, maintaining occupancy rates of above 90% since 2012, while its reversion rate remains positive at 22%. The positive effects from the asset enhancement initiative in 2017 continues till today with new brands such as Switch, Daboba Go, Samsung and Myeong Dong Topokki, thereby enhancing the vibrancy of the tenancy mix in the mall.

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 2022

Primary trade area 287,694 within 20 minutes drive time
Gross floor area 513,333 square foot
Net lettable area 299,781 square foot
Car park 519 bays
Acquisition price RM 98.0 million
Valuation RM138.0 million
Tenants 73 (only NLA lots)
Occupancy 96.4%
Visitor traffic 2.9 million per annum
  • Giant Superstore
  • The Store
  • Seleria Food Court
  • GSC
  • Ole Ole Super Bowl

Top 10 tenants

Tenant Trade sector NLA (sq ft) % of total NLA % of monthly rental income[1]
Top 10 tenants (by monthly rental income) 204,371 68.2% 46.0%
Other tenants 95,410 31.8% 54.0%
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 Seleria Food Court Food & Beverage/Food Court 4,398 1.5% 5.2%
4 GSC Leisure & Entertainment/Sports & Fitness 24,000 8.0% 4.5%
5 Ole Ole Super Bowl Leisure & Entertainment/Sports & Fitness 23,670 7.9% 2.8%
6 Watson's Health & Beauty 2,238 0.7% 2.4%
7 MR. D.I.Y. Homewares & Furnishing 11,711 3.9% 2.3%
8 Hasani Bookstore Gifts/Books/Toys/Specialty 5,228 1.7% 2.2%
9 Pizza Hut Food & Beverage/Food Court 3,530 1.2% 2.1%
10 Hanzo Fashion & Footwear 5,755 1.9% 2.0%
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]
Seleria Food Court
Food & Beverage/Food Court
4,398 square foot NLA
1.5% of total NLA
5.2% 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 Super Bowl
Leisure & Entertainment/Sports & Fitness
23,670 square foot NLA
7.9% of total NLA
2.8% of monthly rental income[1]
Watson's
Health & Beauty
2,238 square foot NLA
0.7% of total NLA
2.4% of monthly rental income[1]
MR. D.I.Y.
Homewares & Furnishing
11,711 square foot NLA
3.9% of total NLA
2.3% of monthly rental income[1]
Hasani Bookstore
Gifts/Books/Toys/Specialty
5,228 square foot NLA
1.7% of total NLA
2.2% of monthly rental income[1]
Pizza Hut
Food & Beverage/Food Court
3,530 square foot NLA
1.2% of total NLA
2.1% of monthly rental income[1]
Hanzo
Fashion & Footwear
5,755 square foot NLA
1.9% of total NLA
2.0% of monthly rental income[1]
Top 10 tenants (by monthly rental income)
204,371 square foot NLA
68.2% of total NLA
46.0% of monthly rental income
Other tenants
95,410 square foot NLA
31.8% of total NLA
54.0% 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 2022

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

  2023 2024 2025
No. of tenancies expiring 47 16 10
NLA of tenancies expiring 147,508 sq ft 117,465 sq ft 23,990 sq ft
NLA of tenancies expiring as % of total NLA 23.2% 39.2% 8.0%
% of total monthly rental income[2] 57.0% 32.9% 10.1%

[2] Based on monthly rental income for December 2022

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.

Following the acquisition of the mall by Hektar REIT, the mall was rebranded from “1Segamat” to Segamat Central, as it is known today. The management remains focused on an “occupancy first“ strategy by executing rental revision strategy to retain existing tenants as well as attract specialty anchors and more F&B retailers to the mall.

In 2022, Segamat Central’s occupancy rate improved to about 74% from 67% in 2021 while visitor traffic increased by about 147% to about 1.8 million visits from around 700,000 visits in 2021. We welcomed the entry of new retailers such as Dees, In Fashion, Mi Store, Muzaina Collection, Samsung, CHK Trading and Honor in 2022.

Title Leasehold
Year opened 2011
Year acquired by Hektar REIT 2017
Year refurbished in planning
Jalan Kolam Air, Kampung Gubah, 85000 Segamat, Johor

Data as of 31 December 2022

Primary trade area 190,000 within 20 minutes drive time
Gross floor area 486,789 square foot
Net lettable area 211,919 square foot
Car park 389 bays
Acquisition price RM104.0 million
Valuation RM65.0 million
Tenants 35 (only NLA lots)
Occupancy 73.7%
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 35.4% 63.1%
Other tenants 136,937 64.6% 36.9%
Total 211,919 100.0% 100.0%
1 MM Cineplexes Leisure & Entertainment/Sports & Fitness 32,432 15.3% 21.4%
2 Mi Store Electronics & IT 5,565 2.6% 7.3%
3 MR. D.I.Y. Homewares & Furnishing 13,896 6.6% 7.1%
4 Sportsz / HT Jeans Fashion & Footwear 4,898 2.3% 4.5%
5 XES Premium Fashion & Footwear 1,991 0.9% 4.2%
6 Switch Electronics & IT 1,184 0.6% 4.1%
7 KFC Food & Beverage/Food Court 3,240 1.5% 3.8%
8 Popular Bookstore Gifts/Books/Toys/Specialty 4,898 2.3% 3.6%
9 AD Jeans Fashion & Footwear 3,218 1.5% 3.5%
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
21.4% of monthly rental income[1]
Mi Store
Electronics & IT
5,565 square foot NLA
2.6% of total NLA
7.3% of monthly rental income[1]
MR. D.I.Y.
Homewares & Furnishing
13,896 square foot NLA
6.6% of total NLA
7.1% of monthly rental income[1]
Sportsz / HT Jeans
Fashion & Footwear
4,898 square foot NLA
2.3% of total NLA
4.5% of monthly rental income[1]
XES Premium
Fashion & Footwear
1,991 square foot NLA
0.9% of total NLA
4.2% of monthly rental income[1]
Switch
Electronics & IT
1,184 square foot NLA
0.6% of total NLA
4.1% of monthly rental income[1]
KFC
Food & Beverage/Food Court
3,240 square foot NLA
1.5% of total NLA
3.8% of monthly rental income[1]
Popular Bookstore
Gifts/Books/Toys/Specialty
4,898 square foot NLA
2.3% of total NLA
3.6% of monthly rental income[1]
AD Jeans
Fashion & Footwear
3,218 square foot NLA
1.5% of total NLA
3.5% 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
35.4% of total NLA
63.1% of monthly rental income
Other tenants
136,937 square foot NLA
64.6% of total NLA
36.9% 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 2022. Note: changes in NLA due to reconfiguration.

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

  2023 2024 2025
No. of tenancies expiring 14 15 6
NLA of tenancies expiring 57,839 sq ft 79,965 sq ft 18,341 sq ft
NLA of tenancies expiring as % of total NLA 27.3% 37.7% 8.7%
% of total monthly rental income[2] 45.6% 37.9% 16.5%

[2] Based on monthly rental income for December 2022