#1 World's biggest mall a China 'ghost town'03-04-2013, 06:29 PM
By Johan Nylander, for CNN
updated 9:30 PM EST, Sun March 3, 2013
Dongguan, China (CNN) -- They built it, but the shoppers didn't come.
New South China Mall in Guangdong Province opened in 2005. With 5 million square feet of shopping area, the mall can accommodate 2,350 stores, making it the largest shopping center in the world in terms of leasable space -- more than twice the size of Mall of America, the biggest shopping center in the United States.
At the outdoor plaza, hundreds of palm-trees blend with a replica Arc de Triomphe, a giant Egyptian sphinx, fountains and long-stretching canals with gondolas.
Only problem is, the mall is virtually deserted. Despite the bombastic design and grand plans, only a handful of stores are occupied. "Most of it empty, with little consumer traffic and a high vacancy rate," according to a report last year by Emporis, a global building data firm. "It has been classified as a 'dead mall.'"
Oops!!!May the FORCE be with you!
03-04-2013, 06:35 PM
They need a Walmart in there!
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” I wondered why the rock was getting larger. Then it hit me.
#3 World's biggest mall a China 'ghost town'03-05-2013, 03:15 AM"The efforts of the government alone will never be enough. In the end the people must choose and the people must help themselves" ~ JFK; from his famous inauguration speech (What Democrats sounded like before today's neo-Liberals hijacked that party)
03-05-2013, 11:11 AM
.....and another tribute to central planning.....
Four boxes keep us free: the soap box, the ballot box, the jury box, and the cartridge box.
THIS POST WILL BE MONITORED BY THE NSA
03-05-2013, 03:05 PM
But I thought China had a strong economy?
Maybe the Chinese are buying all their stuff online, like so many Americans do these days. Amazon.com is why Borders went bankrupt, why you can only buy top 20 compact discs at most stores (well, that and ipods/mp3 players) and why Barnes and Noble is in danger of bankruptcy.
03-05-2013, 03:20 PM
They have a rice store, sprout store, soy sauce store, ramen noodle store, pet shop/meat market.
What more do they need?
03-05-2013, 03:33 PM
- Join Date
- Mar 2010
What does a dead mall mean? We have lots of dead malls in the US, and it doesn't necessarily mean anything about the surrounding community.
Pinellas Park Mall died, got bought and "revitalized" but stayed dead. The only thing doing business was the JC Penney clearance center and the dozen screen movie house. Then the movie house died. They tore the whole thing down and built a big box complex: Target, some clothing outlet, some furniture outlet, another strip center with T Mobile, Chipotle, Panera, and a bunch of other crap. It seems to be doing OK. It seems that people in Pinellas Park like to drive up to one store, park in front and go inside. They aren't looking for the mall experience. This might have something to do with the prevalence of cigarette smoking in Pinellas Park, I don't know.
Retailers face uncertainty as White Flint Mall prepares to shut down
Shuttered businesses draw fewer customers for those that remain
By Elizabeth Waibel
Maybe the shopping mall is going out of style.
03-05-2013, 03:53 PM
They try to build some of them in high crime areas of town and surprise surprise they fail almost immediately, we have also had one large one fail when the area became saturated with non citizens and became a hangouts for gang, shop and rob is not a good combination for the prey.
The ones that make it are in the higher money higher class trendy areas with heavy security, funny how that works.
03-05-2013, 05:21 PM
- Join Date
- Jun 2008
China is over built. The question is what will happed when the bubble collaspes. Nothing good for sure...
#10 Re: World's biggest mall a China 'ghost town'03-06-2013, 03:59 PM
Part of the problem is location. Dongguan is a factory town and most of its almost 10 million inhabitants are migrant workers struggling to make ends meet. "People coming here to work in factories don't have the time or the money for shopping or the rollercoaster," said a migrant worker in his 20s, surnamed Xiao, who works at the mall.The deserted mall is also a symbol of China's rapid urbanization and runaway investment in real estate projects, where massive development projects have been given the go ahead without proper marketing and business research."To me, many of these projects are a result of easy access to capital and a combination of wishful thinking and speculative behavior rather than rational business calculations," said Victor Teo, assistant professor at the University of Hong Kong.
Sic hacer pace, para bellum.
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Sic Hacer Pace, Para Bellum.
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