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Mall racks up HK$18 million loss while awaiting permit renewal

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  1. #1

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    Mall racks up HK$18 million loss while awaiting permit renewal

    Hong Kong shopping centre The Boxes racks up HK$18 million in losses as operator awaits land-use permit renewal
    ...business at San Tin Shopping City, also called The Boxes, had been stagnant, with losses of HK$2 million (US$254,000) per month or HK$18 million in total recorded over the past nine months.
    ...only 47 tenants had signed contracts with the mall, which has 216 shop lots, and only 27 shops had opened their doors during the spring season due to uncertainty over the projects temporary land-use permit, which is due to expire on September 16.

  2. #2

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    another retail success story lol

    irisboards likes this.

  3. #3

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    Build it and they won't come.

    irisboards and JAherbert like this.

  4. #4

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    Quote Originally Posted by emx
    Build it and they won't come.
    built it in the middle of nowhere and wild horses can't drag them to visit.....
    shri, emx, angeluscomplex and 2 others like this.

  5. #5

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    https://www.scmp.com/news/hong-kong/...ts-brings-hope
    ...shop owners started to feel some momentum as for the past two weeks, tour guides had taken more than 100 visitors there each day.
    From Wednesday, with a big restaurant set to open in the complex, more than 1,500 mainland tourists a day were expected to be ushered to the site for dining and shopping.
    Kenny Leung, spokesman for Answer Consultant, a consultancy firm for the mall: Coupled with the diversionary measures for mainland tourists, we expect this place to start to thrive. You cant find anywhere in Hong Kong with such a spacious dining and shopping area and parking. There wont be any problems about visitors causing a disturbance for local residents, he said.

  6. #6

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    this was Legco sleeping beauty Wong Ting-Kwong's idea
    he no longer has his phoito taken promoting it


  7. #7

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    That thing is so pointless. It's in fucking nowhere near the Lol Ma Chau border without any reasonable transport access. Going to Sheung Shui via MTR is less hassle.

    JAherbert likes this.

  8. #8

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    Quote Originally Posted by mrgoodkat
    That thing is so pointless. It's in fucking nowhere near the Lol Ma Chau border without any reasonable transport access. Going to Sheung Shui via MTR is less hassle.
    It was carefully planned and proactive, building a mall in the middle of nowhere to take thousands of mainland tourists so as not to annoy the locals. You people do not appreciate the brilliance of your leaders.
    chuckster007 and mrgoodkat like this.

  9. #9

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    Quote Originally Posted by dynamco
    this was Legco sleeping beauty Wong Ting-Kwong's idea
    he no longer has his phoito taken promoting it
    DId I read somewhere the land belongs to someone he knows - big developers?

    Inefficiently using land seems daft.
    Last edited by East_coast; 12-02-2019 at 12:21 PM.

  10. #10

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    It was an admitted flop one year ago Imagine if it was a democrat who proposed it


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