At the end of their lifecycles, malls either take on new personas to remain relevant and reset the cycle, or they make way for more optimal uses of the land they occupy. Amcorp Mall is firmly in the former category, but its long-standing reputation – of antiques and eclectic offerings almost exclusively found within its walls – imparts Amcorp Mall with a distinct character that sets it apart from other shopping centres.
Extensive renovations were undertaken between late-2017 and mid-2018, but Amcorp Mall’s role in the neighbourhood has remained largely unchanged over the past three decades. Since its opening in 1988, Amcorp Mall has been especially popular among hobbyists and collectors who frequent the weekend flea market and the wide range of specialty stores in search of antiques, collectibles, and the paraphernalia of their craft. For anyone looking for rare vinyls, action figures, books, or uncommon knick-knacks, Amcorp Mall would be one of the most viable places to begin a search.
Beyond its niche appeal, Amcorp Mall is conveniently situated in the heart of Petaling Jaya (PJ), just 100 metres south of the Federal Highway – easily accessible from the Taman Jaya LRT station or the Jalan Timur exit ramp (Exit 228). Given the maturity of the urban landscape in PJ’s central core – the array of private and government offices located within the ring of roads formed by Jalan Utara, Jalan Timur, Jalan Sultan, and Jalan Barat – Amcorp Mall exists amidst a dense cluster of multi-storey towers.
On either side of Amcorp Mall stand two 18-storey towers: Menara PJ on the west side and Menara Amcorp on the east side. On the north side of Amcorp Mall stands the 27-storey Menara Melawangi, hosting a mixture of offices and residential serviced suites overlooking the Federal Highway, while the 12-storey Yayasan Selangor office tower and the PJ Exchange (PJX) stand a short walk further to the west.
Located in the traditional centre of Petaling Jaya proper, an area that was almost completely built-up by the time Amcorp Mall first opened over three decades ago, the surrounding landscape presents a varied mix of walk-up shops, vintage bungalows, and recreational facilities such the PJ Sports Club and the 18-acre Taman Jaya Park – both located within 200 metres of Amcorp Mall.
For those who frequent PJ’s core, Amcorp Mall is the nearest high-density commercial centre. The next best option would be the cluster of malls formed by Jaya Shopping Centre, Plaza 33, and Digital Mall, situated on the other side of the Federal Highway – a destination that would require a drive typically taking 10 to 15 minutes during peak hours.
Malaysia’s oldest A&W restaurant is situated beside the Taman Jaya LRT station, located a mere 100-metre walk from Amcorp Mall – but if one’s preferred cuisine cannot be found among the walk-up shops in the vicinity, the nearby hotels, Hilton, Armada, and Crystal Crown, present additional options in more upscale settings.
As of September 2020, shop lots within Amcorp Mall are reportedly selling at highly variable rates ranging from RM1,480 psf, for the lowest-priced 527 sf units, to RM6,100 psf for the highest-priced 900 sf units. These rates are widely expected to rise further with the impending completion of PJ Sentral, the 4.8 hectare development with a gross development value of RM2 billion, located just 500 metres away.
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Did you know?
Check out the value of surrounding recently completed properties to make the best buying decision.
| Property Name | Year of Completion | Ad Selling Price | Ad Rental Price | Avg Transacted Price | Avg Rental Yield (%) |
|---|---|---|---|---|---|
| Amcorp Mall | 1998 |
RM196,000
-
RM243,000
RM 395 psf - RM 490 psf |
RM1,300 - RM1,300 | NIL | 7.65 % |
| Centrestage | 2014 |
RM99,000
-
RM738,000
RM 417 psf - RM 1,096 psf |
RM1,000 - RM1,000 | NIL | 5.19 % |
| Plaza 33 | 2013 | NIL | RM13,500 - RM135,000 | NIL | NIL |
| PJX | Dec 2010 | RM680,000 - RM1,420,350 | RM13,500 - RM13,500 | NIL | 15.43 % |
| PJ8 | Dec 2008 |
RM360,000
-
RM1,498,888
RM 576 psf - RM 884 psf |
RM1,400 - RM1,400 | NIL | 8.77 % |
| 8 Avenue | Apr 2008 | RM1,050,000 - RM3,500,000 | RM2,500 - RM7,000 | NIL | 2.51 % |
| Amcorp Serviced Suites | 2005 |
RM196,860
-
RM680,000
RM 397 psf - RM 928 psf |
RM1,250 - RM1,250 | NIL | 4.93 % |
Did you know?
Check out the past transacted prices of this neighbourhood to make the best buying decision.
| Non-Landed | Landed | Commercial | |
|---|---|---|---|
| 0 - 500 SQ. FT | RM 682 psf | - | - |
| 500 - 1,000 SQ. FT | RM 413 psf | - | RM 840 psf |
| 1,000 - 1,500 SQ. FT | - | - | - |
| 1,500 - 2,500 SQ. FT | - | - | - |
| 2,500 - 4,000 SQ. FT | - | RM 1,250,000 psf | RM 2,179 psf |
| 4,000 SQ. FT and above | - | RM 2,446,622 psf | RM 466 psf |
Note:
| Down Payment (10%) | RM 45,000 |
| Loan Amount ( 90 %) | RM 405,000 |
| Tenure Years | 35 Years |
| Interest Rate | 4.85% |
| Others (Estimation) | RM 10,000 |
Disclaimer
The information shown is indicative and for illustration only. It does not guarantee the accuracy of the calculation and accepts no liability for any inaccuracies or omissions. The above does not constitute an offer of credit nor does it guarantee that the credit facility applied for will be approved. All applications for financing are subject to credit evaluation and approval and it reserves the right to approve or reject such applications without assigning any reason therefore.
All interest rates shown are indicative according to criteria provided by financial service providers and this is an estimated figure only do not constitute a guaranteed figure. Please consult your respective financial provider for the exact interest rate.
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