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Commentary

China: 70 lakh sq. feet malls lying empty

Anita Campbell writes:

South China Mall is the world’s largest shopping mall, according to this article in The National.

At over 7 million square feet, it is double the size of the gargantuan Mall of America in the United States. It has an amusement park including a roller coaster; an indoor rain forest; and Las Vegas-style replicas of famous places, including a Venice canal and the Arc de Triomphe.

But it has one big problem: it’s nearly empty.

My post on the fall of the Indian Retail Mall pales in comparison. If a mall with 70 lakh sq. ft. in China won’t get takers, then real estate in that vicinity will just die. Horrible for cement, steel and consumer goods.

Is India going the same way?

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