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Sunway Carnival Mall


Sunway Carnival Mall is a stylish four-storey shopping mall strategically located at the heart of Seberang Jaya, Penang – a well-integrated township initiated by the government to boost the administrative, residential, commercial and industrial sector of Malaysia’s northern region.

The mall opened in June 2007 and is one of Mainland Penang’s largest and most popular retail havens, welcoming eight million visitors annually. With approximately 200 specialty stores including regional and international retailers, shoppers can truly indulge in a wholesome range of offerings from fashion boutiques and restaurants to a cineplex and a fitness centre.

In response to growing long-term demand, Sunway Carnival Mall is currently undergoing expansion, which will double its gross floor area (GFA) and add an additional 350,000 sq.ft. of new net lettable area (NLA) upon completion in 2022. This will be followed by the refurbishment of the first phase of the mall, which is expected to further reinforce Sunway Carnival Mall’s position as the leading lifestyle destination in Mainland Penang.

* All information as at 31 December 2022 unless otherwise stated.

Date of Acquisition

i.  8 July 2010

ii. 27 December 2016

Acquisition price

i.  RM 0 million
ii. RM 0 million

Land Area (sq.ft.)


No. of Parking Bays

> 0

Appraised Value

RM 0 million

No. of Tenancies


Value per sq.ft.

RM 0

Gross Floor Area (sq.ft.)

Retail &
Convention Centre



Car park


Net Lettable Area (sq.ft.)




Convention Centre


Capitalisation Rate - Current/Reversionary (%)

0 0
/ 0 .00
  1. Excluding the expansion phase
  2. Land for expansion of Sunway Carnival Mall

3068, Jalan Todak,
Pusat Bandar Seberang Jaya,
13700 Seberang Jaya, Pulau Pinang, Malaysia

+604 397 9883

Property KPIS

Weighted Average Lease Expiry: 1.65 year

* Based on December 2022 Gross Rental Income

Average Occupancy Rate

Lease Expiry Schedule
(expiring tenancies as % of total NLA)

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    Hover to view the percentage
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Tenant Mix – Based
on Dec 2022
Gross Rental Income

Tenant Mix – Based
on Dec 2022
Net Lettable Area

  • Fashion & footwear
  • Food & beverages
  • Education & services
  • Leisure & entertainment
  • Departmental stores/ Supermarket
  • Electronics
  • Others
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