How many shops will 99 Speedmart, KK Mart, MR DIY and FamilyMart open?
Store counts and 2026/27 targets for Malaysia's four biggest chain tenants, and what they mean for a landlord with a ground-floor shop.
Short answer
The four chains are still opening, but at different speeds. 99 Speedmart had 3,151 outlets at end-2Q26 and targets about 250 new stores a year. KK Super Mart had about 1,088 stores in August 2026 and targets 1,500 by June 2028. FamilyMart plans about 60 new stores in FY2027. MR DIY had 1,584 stores at 1QFY2026. For a landlord, that means steady demand for the right ground-floor shop, and more scrutiny of every site.
What are the latest store counts and targets?
| Chain | Latest count | Growth or target | Source and date |
|---|---|---|---|
| 99 Speedmart | 3,151 outlets at end-2Q26, up 8.9% year on year | About 250 new stores a year; could reach 3,787 by FY28; 114 added in 1H26 | The Malaysian Reserve citing AmInvestment, 22 Sep 2026 |
| KK Super Mart | About 1,088 stores (Aug 2026), most open 24 hours | 1,500 stores by June 2028 | The Malaysian Reserve citing MBSB Research, 22 Sep 2026 |
| FamilyMart | 490 stores as at FY2026 | About 60 new stores in FY2027, against 45 the year before | The Edge, 27 Aug 2026 |
| MR DIY | 1,584 stores at 1QFY2026, up 7.7% year on year | 2,000 stores by 2028 (MIDF) | Business Today, 20 May 2026 |
Add those targets together and the four brands alone could need several hundred new shop lots a year across Malaysia. Not all of them will be in the Klang Valley, and not all will be ground-floor street shops, but the pipeline is large enough that every landlord with a good corner or main-road unit should know what these chains look for.
Is the market getting saturated?
This is the question The Malaysian Reserve asked in September 2026. About 94% of 99 Speedmart outlets are within 3 km of another one. Yet the same report found that "cannibalisation has proven a far smaller drag than store density alone would suggest", and same-store sales still grew 9.1%. AmInvestment estimates about 8,100 people per 99 Speedmart outlet in the central region, which already has about 1,115 stores.
FamilyMart is more cautious. The Edge reported that it "will remain selective on locations" because margins are squeezed by wages, rental, transport and SST-related costs. In plain terms, the chains still want shops, but they will walk away from a unit where the numbers do not work.
What does each chain look for in a shop?
The site rules below come from analyst and press reports collected in our handbook:
- 99 Speedmart opens where there are at least 1,500 households (The Edge), and each store is designed to serve about 1,500 to 2,000 households (Apex Research via The Star). MIDF puts initial capex at about RM300,000 per store with payback under 3 years, and the chain prefers stores within 100 km of a distribution centre.
- MR DIY says site selection is "increasingly disciplined, focused on high-ROE locations" (MIDF).
- KK Super Mart runs most stores 24 hours, so lighting, parking and a visible frontage at night matter.
- FamilyMart is choosing fewer, better sites, as above.
All four want a ground floor with clear signage, easy parking and a dense catchment. For the full checklist, see how 99 Speedmart, Mr DIY and ZUS choose locations.
What should a landlord do with this?
- Know your catchment. Count the households within walking and short driving distance. If you cannot show 1,500 or more, a convenience chain will probably pass.
- Check who is already nearby. A 99 Speedmart two streets away does not rule you out, given the density figures above, but a third outlet in the same row is unlikely.
- Offer a clean ground floor. Chains price in fit-out. A unit with power, water and a clear frontage is easier to approve.
- Price to the chain's maths. A chain that pays back a store in under 3 years still has a rent ceiling. Asking far above the row's rent can push it to the next street.
- Weigh covenant against flexibility. A chain tenant pays steadily and signs longer terms, but may want break clauses. Our post on chain brand or independent tenant sets out the trade-off.
Does a chain next door help the other shops?
Usually yes. Convenience chains and MR DIY bring frequent, repeat footfall, which helps cafés, pharmacies and clinics in the same row. We cover this in is opening next to 99 Speedmart or Mr DIY good for your shop. New townships are the exception: a chain store alone cannot fill a row that has no households yet, as we explain in are new township shop lots worth renting.
How do you get your shop in front of these chains?
Expansion teams look at many sites a month. Landlords who send a clear one-page brief (size, frontage, parking, power, rent, term, catchment) get a faster answer. You can see which trades are expanding on our brands page, and list your unit through MCE for landlords.
Written by Tok Ginstee (REN 37505), CID Realtors Sdn Bhd (E (1) 1855). Updated November 2026.
Frequently asked questions
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