More Malls to Open in Klang Valley’s Crowded Market
The Klang Valley, Malaysia’s busiest retail hub, is set to see the opening of several new malls and the expansion of existing ones in the coming year. While the region’s mall market is already crowded, these developments are expected to inject new life into the industry, offering fresh experiences for shoppers and further strengthening Malaysia’s retail landscape.
Some of the most anticipated openings include 118 Mall, a part of the Merdeka 118 Tower in Kuala Lumpur, and Ombak KLCC, which will bring a mix of retail and cultural experiences to the heart of the city. Despite challenges in the retail market, including the end of revenge spending, these malls are positioned to cater to growing demand.
118 Mall: A New Landmark in Kuala Lumpur
118 Mall will be part of the Merdeka 118 Tower, one of the tallest buildings in Malaysia. Located near Chinatown, the mall aims to capture the office crowd, weekend shoppers, and tourists. According to Allan Soo, Principal at Allan Soo RE Consultants, 118 Mall has the potential to perform well, thanks to its strategic location.
However, Soo notes that 2024 could be a challenging year for malls, as the retail industry adjusts to the post-pandemic landscape. The end of revenge spending could lead to lower foot traffic. Despite this, 118 Mall’s unique position and facilities make it a promising development.
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Ombak KLCC: A Cultural and Retail Hub
Ombak KLCC, a six-storey shopping center owned by KLCC (Holdings) Sdn Bhd, will open next year with 120 retail lots and 420,000 sq ft of net lettable area (NLA). The development aims to blend culture and retail, with Galeri Petronas serving as its anchor tenant. Located near Persiaran KLCC and Jalan Binjai, Ombak KLCC promises to become an important destination for both locals and tourists.
Despite some challenges facing the retail market, Ombak KLCC’s mix of cultural and retail offerings could make it a standout in the Klang Valley market.
Da Men Mall Transformed into Easyhome Experience Centre
Da Men Mall, located in Subang Jaya, is undergoing significant refurbishments. The mall will reopen as Easyhome Smart Home Life Experience Centre. The new focus on lifestyle and home furnishings reflects the growing trend towards experiential shopping. With a new lease agreement with Easyhome International, the mall plans to draw customers seeking innovative home products.
This transformation comes as the retail landscape continues to shift towards experiential shopping, where customers seek more than just a place to shop, but an experience to enjoy.
Retail Investment and Mall Acquisitions
Retail investment in the Klang Valley is also heating up. Asian Pac Holdings Bhd recently purchased Jaya Shopping Centre in Petaling Jaya for RM100 million, marking a significant entry into the Klang Valley retail scene. Additionally, IGB REIT announced plans to acquire Mid Valley Southkey Mall in Johor Bahru for RM2.65 billion. This move signals a broader trend of mall acquisitions in Malaysia, driven by growth in both retail and industrial assets.
Allan Soo predicts further retail transactions in 2025 and 2026, as more investment opportunities in retail assets and commercial properties arise.
Mitsui Outlet Park Continues Its Expansion
In addition to new developments, established brands like Mitsui Outlet Park are expanding. The Mitsui Outlet Park @ LaLaport Bukit Bintang City Centre will open soon, further solidifying the area as a top retail destination. The company plans to build another Mitsui Outlet near Penang International Airport, with an opening slated for a few years down the road.
Tous les Jours Re-enters Malaysia
In another retail development, Tous les Jours, the popular South Korean-French bakery café chain, has made a return to Malaysia. The chain opened its first two stores in Sunway Pyramid Mall and Sunway Velocity Mall in June 2025. With plans to open more outlets, Tous les Jours aims to capitalize on Malaysia’s growing café culture and expanding retail market.
