Go Back  

World’s Biggest Mall is a Ghost Town 

Current Rating:

Join NowJoin Now
 
  #1  
Old 10-22-2013, 09:27 PM
Broadjumper's Avatar
Broadjumper
Offline:
My Rank: SECOND LIEUTENANT
Poster Rank:188
Male
Join Date: Aug 2009
 
Mentioned: 12 Post(s)
Quoted: 1181 Post(s)
Activity Longevity
3/20 15/20
Today Posts
1/11 sssss5092
World’s Biggest Mall is a Ghost Town

Dongguan, China, is a factory town with an estimated population of 10 million, many of whom are migrant workers from other parts of the country. But even a community that large, it seems, is unable to support a 5 million-sq.-ft. shopping center.

More than twice the size of the U.S.’s Mall of America, New South China Mall in Guangdong province is easily recognized as the world’s largest mall. Opened in 2005, the behemoth property was expected to attract an upwards of 100,000 visitors a day, CNN reports, and it has space for 2,350 tenants. It boasts an indoor amusement park with a roller coaster, an IMAX theater and a Teletubbies Edutainment Center for children. Initially called the South China New Mall, the property was relaunched in 2007 as the New South China Mall, Living City, in hopes of attracting customers.

Unfortunately, the mall is anything but living: eight years after it first opened, most of its storefronts remain unoccupied, a desolate monument to Chinese real estate ambitions and the stimulus credit boom that followed the financial crisis. It also sits on the outskirts of town, making it difficult to access, according to the BBC.

Victor Teo, an assistant professor at the University of Hong Kong, told CNN that the mall project is indicative of a greater trend in China. “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 decisions,” he said.

As Teo notes, ghost towns are increasingly common in China. Some speculate the nation’s housing bubble has been on the brink of bursting for years. As the BBC reports, unfinished development projects like amusement parks, apartment complexes and even entire cities are stalled throughout the country.

Mall officials are taking another stab at reviving the mammoth shopping center. Ye Jining, the head of New South China Mall’s investment unit, told CNN that the mall has a 20% occupancy rate, though he declined to comment when challenged on the statistic. He also said they aimed to increase occupancy to 80% by the end of 2013 — a big challenge for the world’s biggest ghost mall.

Your Source For Death Pictures and Death Video
NewSouthChinaMall_DCE.jpg  

new-south-china-mall-2.jpg  

new-south-china-mall-4.jpg  

new-south-china-mall-5.jpg  

new-south-china-mall-6.jpg  

new-south-china-mall-7.jpg  

new-south-china-mall-8.jpg  

new-south-china-mall-9.jpg  

new-south-china-mall-10.jpg  

new-south-china-mall-11.jpg  

new-south-china-mall-12.jpg  

new-south-china-mall-13.jpg  

new-south-china-mall-15.jpg  

new-south-china-mall-17.jpg  

new-south-china-mall-3.jpg  

Reply With Quote
The Following 18 Users Say Thank You to Broadjumper For This Useful Post:
30564U, BuggaBugga1104, decap, durt, DVEEUS, Faline, FunkPumpkin, Kanda444, kellyhound, Kelseecat65, Lil Stinker, martyl63, mp5sd, mrmojorisin, Nick_ufc, raygun56, Talysan, unknown2u
  #2  
Old 10-22-2013, 09:40 PM
Sick Psycho
Offline:
So Fucking Banned
Poster Rank:2103
Male
Join Date: Dec 2009
 
Mentioned: 0 Post(s)
Quoted: 26 Post(s)
Activity Longevity
0/20 14/20
Today Posts
0/11 ssssss136
Re: World’s Biggest Mall is a Ghost Town

I'd so hang out there!! Play Hide and Seek only to find out that the hidden ones have been abducted by the Yakuza.

Reply With Quote
The Following 3 Users Say Thank You to Sick Psycho For This Useful Post:
adamsmasher, Albertacanada, silentflex
  #3  
Old 10-22-2013, 11:41 PM
Shakey's Avatar
Shakey
Offline:
★ Server Supporter ★
Poster Rank:18
MAN
Join Date: Nov 2009
 
Mentioned: 448 Post(s)
Quoted: 21485 Post(s)
Activity Longevity
17/20 14/20
Today Posts
0/11 ssss37777
Re: World’s Biggest Mall is a Ghost Town

Perhaps if those suckers didn't loan all their money to the U.S. they would have a better economy.

Reply With Quote
The Following 2 Users Say Thank You to Shakey For This Useful Post:
Gaydolf Shitler, TwistedPrincess
The Following 2 Users Disliked Shakey For This Post:
Babysealskiller, GlowingGhoul
  #4  
Old 10-23-2013, 02:05 AM
Kelseecat65's Avatar
Kelseecat65
Offline:
The Eternal Optimist
Poster Rank:26
Join Date: Mar 2013
Contributions: 29
 
Mentioned: 166 Post(s)
Quoted: 11715 Post(s)
Activity Longevity
0/20 8/20
Today Posts
0/11 ssss27615
Re: World’s Biggest Mall is a Ghost Town

Teletubbies Edutainment Center for children

Reply With Quote
  #5  
Old 10-23-2013, 11:01 AM
flangemanager's Avatar
flangemanager
Offline:
My Rank: SERGEANT
Poster Rank:874
Award: Longest nipples
Join Date: Mar 2010
 
Mentioned: 1 Post(s)
Quoted: 115 Post(s)
Activity Longevity
3/20 14/20
Today Posts
1/11 ssssss531
Re: World’s Biggest Mall is a Ghost Town

Quote:
Originally Posted by Sick Psycho View Post
I'd so hang out there!! Play Hide and Seek only to find out that the hidden ones have been abducted by the Yakuza.
It's in China, so unlikely to be many Yakuza hanging around, especially those with an interest in hide and seek
Would be a great place to explore though.

Reply With Quote
The Following 2 Users Say Thank You to flangemanager For This Useful Post:
Gaydolf Shitler, luciddrmr
  #6  
Old 10-23-2013, 03:55 PM
Faline's Avatar
Faline
Offline:
♥ Moderator ♥
Poster Rank:2
Gore Goddess
Join Date: Jun 2009
Contributions: 226
 
Mentioned: 85 Post(s)
Quoted: 1894 Post(s)
Activity Longevity
0/20 15/20
Today Posts
0/11 ssss93392
Re: World’s Biggest Mall is a Ghost Town

Would be cool to check out.

Reply With Quote
  #7  
Old 10-23-2013, 05:26 PM
Broadjumper's Avatar
Broadjumper
Offline:
My Rank: SECOND LIEUTENANT
Poster Rank:188
Male
Join Date: Aug 2009
 
Mentioned: 12 Post(s)
Quoted: 1181 Post(s)
Activity Longevity
3/20 15/20
Today Posts
1/11 sssss5092
Re: World’s Biggest Mall is a Ghost Town

Quote:
Originally Posted by flangemanager View Post
It's in China, so unlikely to be many Yakuza hanging around, especially those with an interest in hide and seek
Would be a great place to explore though.
Yakuza = Japan

Triad = China


Reply With Quote
The Following User Says Thank You to Broadjumper For This Useful Post:
Gaydolf Shitler
  #8  
Old 10-23-2013, 05:45 PM
Broadjumper's Avatar
Broadjumper
Offline:
My Rank: SECOND LIEUTENANT
Poster Rank:188
Male
Join Date: Aug 2009
 
Mentioned: 12 Post(s)
Quoted: 1181 Post(s)
Activity Longevity
3/20 15/20
Today Posts
1/11 sssss5092
Re: World’s Biggest Mall is a Ghost Town

Quote:
Originally Posted by Shakey View Post
Perhaps if those suckers didn't loan all their money to the U.S. they would have a better economy.
That's kind of an ironical statement considering that China's GDP has averaged a 9.7% increase since '98 compared to our 2.4%. The problem isn't the US debt that they own, that at least earns a return through interest payments, the real problem is their economy got so red hot that they threw money at almost any opportunity due to lax monetary policies (sounds familiar) and many of them (like what happened here) were poorly conceived and are turning into massive financial boondoggles.

Reply With Quote
The Following 2 Users Say Thank You to Broadjumper For This Useful Post:
bluebone, rob666
  #9  
Old 10-24-2013, 11:14 AM
bob351's Avatar
bob351
Offline:
★ Server Supporter ★
Poster Rank:32
male
Join Date: Jun 2012
 
Mentioned: 158 Post(s)
Quoted: 11212 Post(s)
Activity Longevity
4/20 9/20
Today Posts
0/11 ssss23599
Re: World’s Biggest Mall is a Ghost Town

West edmonton mall is bigger, so second biggest mall.

Reply With Quote
The Following 2 Users Say Thank You to bob351 For This Useful Post:
GG57, Wolfinator
  #10  
Old 10-24-2013, 11:16 AM
bob351's Avatar
bob351
Offline:
★ Server Supporter ★
Poster Rank:32
male
Join Date: Jun 2012
 
Mentioned: 158 Post(s)
Quoted: 11212 Post(s)
Activity Longevity
4/20 9/20
Today Posts
0/11 ssss23599
Re: World’s Biggest Mall is a Ghost Town

Never mind.

Reply With Quote
The Following User Says Thank You to bob351 For This Useful Post:
Ksiegmund

Powered by vBulletin Copyright 2000-2010 Jelsoft Enterprises Limited.

Search Engine Friendly URLs by vBSEO