The retail centers known as shopping malls are now becoming a hub of activity centers for shopper who desire to go to new dimensions in their buying experiences, rather than just sticking to traditional ordinary shopping stores. The communities and their people are offered a wide range of goods right from the branded outlets to the food courts and entertainment places as well. These shopping malls have become a great place for the retailers to get an opportunity to display their goods as it serves as the central gathering space for the customers. The other important role of these shopping malls in people’s lives is that one can shop for an array of goods under one roof, and the products are saved from the weather conditions or any other mishaps that often arise in open air markets.
Exploring the Biggest Shopping Malls in the World
While some of the biggest shopping malls are located all around the world, quite a number of them are in Asia. These include the New South China Mall in Dongguan, China, situated upon a 7,100,000 square-foot area, the Golden Resources Mall in Beijing which has an area of 6,000,010 square feet, the SM City North EDSA in Quezon City, Philippines with 5,360,000 square feet of retail area, and the SM Megamall Mandaluyong in Philippines with an area of 5,100,000 square feet.
Great Malls Of China
According to its gross leasable area, the New South China Mall in Dongguan, China ranks second in the world after the Dubai Mall. It was opened in the year 2005, but had remained vacant for 10 years and thus been dubbed as a "Dead Mall" until its renovation in the year 2015. A billionaire of the noodle industry, Hu Guirong, headed the project of the mall but now the control of the mall is in the hands of the Founders Group, which is a division of the Peking University. The Golden Resources Mall is another one of the world's biggest malls, and is located in Beijing, China. It gained a spot as one of the world’s largest malls during the years 2004 through 2005. The mall has more than 1,000 stores, and the owners estimated about 50,000 shoppers in a day. However, the foreigners have a limited access since it is located on the outskirts of the city, and the number of consumers who visit the mall is thus limited.
Large Malls in the Philippines and Iran
The SM City North EDSA located in the Quezon City in the Philippines is the third largest shopping mall, and the largest solar-powered mall in the world. The mall became functional in the year 1985 and is owned by SM Prime Holdings. Many reformations have been done until the date, and its last annex was built in the year 2008. The Isfahan City Center is a major commercial complex and one of the largest shopping malls that contain museum. It was developed by Prestige Land Iran Co., and designed by Medardo Cadiz from the Cadiz International Incorporation.
Emerging Trends in Shopping Malls
More and more companies are concentrating upon building newer multi-story shopping malls as consumers now demand everything under one roof. For this, the trends that have been introduced in the shopping malls are that of vertical malls where large numbers of people can explore different outlets with the help of escalators or elevators. With the rising trend of online shopping, many malls have opened theme-based parks, fishing lakes, and even adventure arcades to attract and retain diverse groups of customers to their shopping malls.
The Biggest Shopping Malls In The World
|Rank||Name||Location||Gross Leasable Area (in square feet)|
|1||New South China Mall||Dongguan, China||7,100,000|
|2||Golden Resources Mall||Beijing, China||6,000,010|
|3||SM City North EDSA||Quezon City, Philippines||5,360,000|
|4||SM Megamall||Mandaluyong, Philippines||5,100,000|
|5||Isfahan City Centre||Isfahan, Iran||5,010,000|
|6||1 Utama||Damansara, Malaysia||4,900,000|
|7||Persian Gulf Complex||Shiraz, Iran||4,800,000|
|8||SM Seaside City Cebu||Cebu City, Philippines||4,628,481|
|9||Central World||Bangkok, Thailand||4,623,000|
|10||Istanbul Cevahir Mall||Istanbul, Turkey||4,500,000|
|11||SM Mall of Asia||Pasay City, Philippines||4,380,500|