Top 10 Tenants Tenant % Total Income 1. Unified Vision Sdn Bhd 10 2. LinkMe Trading Sdn Bhd 2 3. Pasarayaku Trading 2 4. Lionmas Furnishers (M) Sdn Bhd 2 5. Kasut U Sdn Bhd 2 6. Mr. D.I.Y (Johor) Sdn Bhd 2 7. Cosmo Restarants Sdn Bhd 2 8. Green Point Departmental Store Sdn Bhd 2 9. Raihana Cold Storage 1 10. Family Jaya Enterprise 1 Management Discussion and Analysis REVIEW OF OPERATIONS (CONT'D) RETAIL SECTOR (CONT'D) @Mart Kempas (CONT'D) Challenges and Prospects @Mart Kempas, strategically located within a mature residential enclave in Johor Bahru, continues to serve as a vital retail hub offering daily essentials through its anchor tenant, Midas Mart. However, the asset operates in an increasingly competitive landscape, facing pressure from the emergence of new community-focused retail complexes such as KipMall Tampoi, SMART Pandan, NSK Trade City Pandan, and Giant Tampoi. These developments have intensified competition for footfall and consumer spending, necessitating a sharper focus on differentiation and value-added services. In response to these challenges, @Mart Kempas is actively exploring strategic tenant mix enhancements to sustain its competitiveness and drive organic growth. Future leasing strategies will prioritise categories with strong, consistent demand profiles, including pharmacies, bakeries, and fast food specialty outlets — sectors that align well with the evolving preferences of the surrounding community and have the potential to generate higher and more sustainable rental yields. By refining its offering to meet changing consumer needs and introducing experiential retail elements tailored to the community, @Mart Kempas is positioned to strengthen its relevance and resilience. 30 AL-SALĀM REIT ANNUAL REPORT 2024
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