China is a world leader in the construction of shopping malls


Nearly 39 million square meters of shopping centers are currently under construction in the world, in 180 countries. And more than half of them are located in China! It is one of the main findings of a study by CBRE real estate consulting firm. Globally, this represents an increase of 3 million square meters under construction in the world compared to 2013.here is Shops for sale in Gulberg Lahore.
The Shanghai Village of Value Retail, which should open in the fall of 2015 near Disney's entertainment park (Photo: Value Retail)
For CBRE China director Chen Zhongwei, the demand for the development of modern shopping malls is very strong in China, owing to middle class growth and urban growth. Although some observers are afraid of a bubble at some point ....
In fact, even a report by the Rui Yide China Commercial Real Estate Research Center speaks of probable closures of centers, up to 10%, pointing out that only 30% of these facilities are of high quality!

Shops for sale in Gulberg Lahore
The first city in the CBRE ranking is Shanghai, with 3.3 million square meters under construction. CBRE points out that it is more than the total of 86 European cities put together if they exclude Russia and Turkey. 

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