Inside Shanghai shopping malls

Are they selling at western price levels or something? Besides the Grand Gateway mall, the others look empty.

superchan7 said:

Are they selling at western price levels or something? Besides the Grand Gateway mall, the others look empty.

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The prices for western brands ar actually higher. And yes they are empty. The only large scale shopping mall that is fully occupied and busy is Grand Gateway. The Super Brand mall is about 30% occupied. Plaza 66 has an occupancy of about 50%. There are much more nearly empty shopping malls e.g. at Huahai Road, like the Times Square and the Shanghai Square.

Hmm...where's the money being made then? =(

Didn't these guys do proper market analysis before embarking on such projects?

还有很多mall啊，人气很旺的

urban china RULES. 10x 4 da pix.

superchan7 said:

Hmm...where's the money being made then? =(

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They do not make (much) money. But they also have favorite investment conditions. (Continued below..)

Saigonese said:

Didn't these guys do proper market analysis before embarking on such projects?

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No (some of them).
Just to give a rough idea how this works: The city of Shanghai decides to redevelop e.g. Nanjing Road. They search for investors who want to risk money here, but not at high stake: The investment conditions can e.g. include "no tax or very low rates (including property tax) as long as no revenues are made". Favorite prices for utilities: electricity, gas and water. Many malls include one large department store, whose proprieting company mostly belongs to the original investors.

Handsome said:

还有很多mall啊，人气很旺的

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First: Yes, many malls. Second: Shanghai also has many not so wealthy people, those who can not afford to buy original Gucci, Lagerfeld or Cartier at Plaza 66, at prices where one coat easily exceeds the yearly income. The international malls are simply too expensive for the average Shanghaiese.

Well, as China becomes richer, so will the average income. Pretty soon the Shanghainese will start buying the real McCoys.

Anyways other than the amlls that you showed us, what other shopping malls are there? Anybody got pictures of the Next Age Department Store?

nice

actually a lot of the expensive brands flagship in prime areas usually don't make much ...
they are located more for branding objective i believe ...

i agree. they want to raise their brand awareness so when more Chinese get richer they will make money.

HUGE :eek2:

Which shopping mall is the biggest in Shanghai?

Are they owned by the government?. I heard that many of these facilities are owned and managed by the government, including some restaurants(i saw one that was, on TV).

29A said:

Are they owned by the government?. I heard that many of these facilities are owned and managed by the government, including some restaurants(i saw one that was, on TV).

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of course not

most shopping malls in Huaihai Rd., Xujiahui & Nanjing Rd. are so damn crowded

:drool: Nice and lovely shopping center!

especially for Parkson & Pacific

港汇广场人气很旺