First row, from left: Setia City Mall development director Harminder Singh, Wilson, S P Setia executive vice-president and CFO Datuk K Y Choy, S P Setia president and CEO Datuk C J Khor, Tan and Lendlease Malaysia head of development and projects Dennis Woon with the new tenants during the media sharing
The 450,000 sq ft new wing will add 150 retail outlets to the mall
Setia City Mall has unveiled an expansion plan to add 450,000 sq ft of retail space. Due to be opened next year, the mall is poised to be the largest in Shah Alam. Setia City Mall is a joint venture (JV) between S P Setia Bhd and Lendlease Malaysia.
“Over RM500 million will be invested in Setia City Mall’s expansion, which will see enhanced tenant mix and facilities. The expansion of the mall augurs well with S P Setia’s long-term vision for its investment property arm,” said S P Setia executive vice-president Datuk Tan Hon Lim at its media sharing event on Oct 17.
“We hope to increase the footfall up to 50% with this expansion. Currently, the footfall of Setia City Mall is about 13 million visitors a year. We have conducted data analyses to understand our target market, catchments and retailers that would be suited to be part of the expansion.”
Launched in 2012, Setia City Mall comprises more than 730,000 sq ft of retail space, with 235 existing retail outlets such as Zara, Uniqlo, H&M, Parkson, Golden Screen Cinemas, Fitness First and Urban Fresh. The new wing will span 450,000 sq ft and add 150 retail outlets. Upcoming and confirmed retail outlets include Lulu’s Hypermarket, Watsons, Guardian, Yamaha, Sketchers, Puma, Kind Kones, Sukiya and Pho Vietz. The expansion phase will also add 1,800 parking bays to the current 2,500 bays.
“The overall mall, inclusive of the existing and expansion phase, has an occupancy rate of more than 80%,” says Lendlease Malaysia head of retail Mitchell Wilson. “The new wing will … provide patrons with a wider range of fashion, dining, leisure and entertainment offerings and fresh experiences. We have international labels and big cosmetic brands that will be coming in as well.”
Meanwhile, S P Setia will continue to launch affordable, residential projects in the 4,000-acre township of Setia Alam in the next few months. “We have just soft-launched our Bywater Homes collection’s first phase of 20ft x 70ft homes in August. It has about 300 units and a gross development value [GDV] of about RM70 million. It is fully taken up,” said Tan. “We will continue to launch this series in Setia Alam. The next preview is 48 units of semi-detached (32ft x 75ft) homes on Oct 19. It has a GDV of more than RM50 million.”
Launched in April 2004, Setia Alam offers 400 acres of green space, wetland parks and urban parks. The self-contained township has amenities such as the Setia City Mall, Setia City Convention Centre, Setia City Convention Centre 2, offices, petrol kiosks, neighbourhood shops, hypermarkets and local and international schools.
The township is easily accessible via the NKVE-Setia Alam Link, Jalan Meru, Federal Highway, New North Klang Straits Bypass Expressway and Lebuhraya Shah Alam (Kesas). The township is about 75% completed.