South China Mall is the world’s largest shopping mall, according to this article in The National.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.
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.
Is India going the same way?