Wednesday, January 12, 2011

The South China Mall, White Elephants & Beijing University.......

I have blogged about this mall in April 2007 and even i´m surprised that things have indeed deteriorated further....

Ich habe bereits im April 2007 über besagtes Einkaufszentrum gebloggt und es sieht so aus als wenn sich die Lage seit Eröffnung nicht gerade verbessert hat....

Most "comical " aspect is that, according to Paul Allen from Bloomberg News, the new owner of this "white elephant" is now the Beijing University .... ?!?!? Surprising that even the Bloomberg reporter shrugs this probably most interesting circumstance of.....

Die Frage muß erlaubt sein warum ausgerechnet die Universität in Peking jetzt Eigentümer ( lt. Paul Allen von Bloomberg News ) geworden ist..... ?!?!? Mindestens genauso überraschend ist, wie fast selbstverständlich der Bloomberg Reporter die wohl mit Abstand interessanteste Tatsache erwähnt, das Universitäten zumindest zum Teil massiv in Immobilien "machen".......

It seems the spin regarding the housing market ( see China "Bubble" ( Bursting ) Update & Newest Spin "Excluding Tier 1 Cities Everything Is Fine......" ) cannot be asserted when it comes to malls.... ;-)

Es sieht damit ganz so aus als wenn die fast verzweifelt klingende Aussage das Abseits der großen Metropolen der Wohnimmobilienmarkt noch "günstig" ist ( siehe China "Bubble" ( Bursting ) Update & Newest Spin "Excluding Tier 1 Cities Everything Is Fine......" ) für Einkausfzentren nicht behauptet werden kann...;-)

But one has to admit that th South China Mall is somewhat "special" and won´t win any awards for their "superb" market research....

Man muß fairerweise zugestehen das die South China Mall wohl keine Preise für besonders gute Marktforschung und Planung gewinnen wird.....

Over the last few years, hundreds of malls have popped up around China, which now claims seven of the world's 20 largest. Two of those, Oriental Plaza in Foshan and Grandview Mall in Guangzhou, are within 50 miles of South China Mall.
It will be fun to see if the ghost town par excellence ORDOS ( see Central Planning & Ghost Towns In China..... & Ordos, China: A Modern Ghost Town ) will face a similar destiny....

Es wird interessant zu sehen sein wie sich die Geisterstadt schlechthin ORDOS ( siehe Central Planning & Ghost Towns In China..... & Ordos, China: A Modern Ghost Town ) in den nächsten Jahren entwickelt.....

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