Looking at the mall is so big, of course, most people think that the mall would be surrounded by crowded visitors. So also with the owners of the mall. When the shopping center was built, they hope that there will be more than 70,000 visitors a day.
But in fact, to this mall is still empty and 99 percent of stores in the mall that has not been filled. Roller coaster throughout the 553-meter contained within and outside the mall also is still not operating.
As quoted Oddity Central, New South China Mall was built in 2005 by Hu Guirong. He started this project with great enthusiasm by sending his team to go into all the world to find the idea of building his dream mall. Most of his ideas are actually applied in the construction of a mall that has seven main areas which represent the seven places in the world.
Unfortunately, what is expected Guirong not be properly realized. According to Dick Groves, a retail consultant, "New South China Mall fails to take off because of lack of experience in the leasing business and a lack of financial systems that are not healthy and not disciplined." In addition, due to lack of notice to prospective buyers or tenants about the benefits when they put their investments at the mall.
"When it was easy to obtain financing without having to believe someone on the feasibility of the project, and without having to show a commitment after the lease, you can begin to get in trouble," adds Groves.
Failure of the New South China Mall has certainly surprised many people. All the hard work and money that was spent to be wasted.
Interestingly the largest mall this phenomenon, making Sam Green, an American filmaker, a documentary about the mall's 'Utopia Part 3: The World's Largest Shopping Mall.'
Mal's Largest and Most Lonely in the World Whooila! unique and bizarre
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