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Sungei Wang

Sungei Wang is one of Malaysia's pioneer shopping malls located in Kuala Lumpur's central business district, also known as the "Golden Triangle". It is a popular shopping mall in Kuala Lumpur, enjoying heavy shopper traffic in the area and is well-known for its specialty stores offering shoppers a wide range of products and services.

Website: www.sungeiwang.com

In 2018, CMMT announced a major asset enhancement initiative to reconfigure the annex block of Sungei Wang and transform it into a vibrant and energetic lifestyle zone that complements the retail offerings in the BBKLCC (Bukit Bintang Kuala Lumpur City Centre) shopping belt. Named as Jumpa, the 170,000 sq ft annex will house more than 80 stores of trendy fashion, food and beverages, athleisure and family entertainment that cater to urbanites, tourists and working professionals. Find out more at www.jumpasungeiwang.com

Property Information

  • Tenure
    Freehold
  • Independent valuation(1)
    RM545.0 million
  • Purchase consideration
    RM724.0 million
  • Gross floor area(2)
    511,103 sq ft (47,483 sqm, representing approximately 61.9% of the aggregate retail floor area of Sungei Wang)
  • Number of car park bays(2)
    Approximately 1,298
  • Net lettable area(3)
    300,819 sq ft
  • Number of leases(3)
    176
  • Committed occupancy rate(3)
    76%
  • Shopper Traffic for 2016
    13.2 million
Notes:
  1. Based on the valuations as at 31 December 2018 commissioned by Mtrustee, trustee of CMMT.
  2. As at 31 Dec 2018.
  3. As at 31 March 2019.