Why was the New South China Mall abandoned?
South China Mall opened in 2005 and for more than 10 years it was mostly vacant as few merchants ever signed up, leading it to be dubbed a dead mall. In 2015 a CNN story reported that the mall had begun to attract tenants after extensive renovations and remodeling, though large portions still remained vacant.
What is the biggest department store in China?
Wanda
Wanda now operates 99 department stores in major cities such as Beijing, Shanghai, Chengdu and Wuhan with a combined retail floor area of 2.6 million square meters, making it China’s largest department store chain.
How many stores does New South China Mall have?
Twice the size of United States’ Mall of America, it was opened with room for 2,350 stores in 7.1 million square feet of leasable space. No mall in the world can rival New South China in any category, except perhaps number of tenants.
What is the largest mall in the Philippines?
SM Mall of Asia
Malls by gross leasable area
| # | Mall | Gross floor area |
|---|---|---|
| 1 | SM Mall of Asia | 589,891 m² |
| 2 | SM City North EDSA | 497,213 m² |
| 3 | SM Megamall | 474,225 m² |
How many malls are in China?
There are around 4,500 shopping malls in China and another 7,000 are expected to open in the next seven years. The Ministry of Commerce said in May it will encourage cities with populations of 10 million to build at least 10 shopping centers within the year.
How many department stores are in China?
More than 1,500 department stores closed in China in 2019. In 2019, the total number of department stores decreased to 4,148. In that year, the department stores in China recorded a total sales of around 352 billion yuan.
What happened to the New South China Mall?
Despite being built in the large city of Dongguan (pop. 10 million), and next to the larger city of Guangzhou (pop. 12 million), the New South China Mall never managed to secure lease agreements with many vendors. What conspired against the shopping center that would see it fail to reach capacity and become an abandoned mall?
Is South China Mall the largest mall in the world?
When the South China Mall opened in Dongguan in Guangdong Province in China in 2005, the Chinese, as well as the foreign media, celebrated it as the largest mall in the world. With a total building area of 9.6 million square feet and the capacity to host 2350 stores in 7.1 million square feet of this space, it certainly is a behemoth.
What is China’s new strategy for shopping malls?
Its new strategy is to focus on restaurants and shops that target China’s middle, rather than upper, class. So far, it is drawing more shoppers and tenants to the mall. Parts of the building that were previously empty are now filled with new restaurants, shops and entertainment providers.
What happened to Dongguan Sanyuan mall?
The mall was owned by Dongguan Sanyuan Yinghui Investment & Development ( 东莞市三元盈晖投资发展有限公司 ), Hu Guirong’s company, but a controlling interest in the mall was later sold to Founder Group, a division of Peking University. After opening in 2005, the mall suffered from a severe lack of occupants.