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Palembang Square Extension

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Palembang Square Extension

Palembang Square Extension is a two-storey, including a basement level, retail mall located in Palembang, South Sumatra. It is part of a mixed-use development consisting of a hotel, a proposed hospital and an existing mall, and is connected to Palembang Square and the hospital via a bridge. The mall is anchored by Matahari Department Store and Hypermart, complemented by a list of international and local fashion labels such as Giordano, Batik Keris, Levi's and GP Clinic Siloam Sriwijaya.

  • 24.2
    million (S$)
    Appraised Value
  • 17,916
    sqm
    Net Lettable Area
  • 94.6%
    Occupancy
  • 5.4
    million
    Annual Shopper Traffic

Property Information

Jalan Angkatan 45/POM IX, Lorok Pakjo Sub District, Ilir Barat 1 District, Palembang City, South Sumatera Province, Indonesia

Key data as at 31 December 2023, except Car Park Lots and Motorcycle Parking Lots as at 31 March 2024

Building Completion Year 2011
Acquisition Date 15 October 2012
Purchase Price (IDR'billion) 221.5
Land Title ABS1
Land Lease Expiry 25 January 2041
Gross Floor Area (sqm) 23,825
Number of Tenants 14
Key Tenants Matahari Department Store, Hypermart, GP Clinic Siloam Sriwijaya
Car Park Lots 500
Motorcycle Parking Lots 475

1 Agreement-based scheme (formerly known as BOT)