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China’s Fashion Mall Developers in Turf War

Property developers are set to build 8 million square metres of retail space in a sign of long-term confidence in the troubled but increasingly competitive market.
Despite this year’s subdued consumer mood, developers are set to build 8 million square metres of retail space this year in a sign of long-term confidence in the market.
The Box, a youth-focused shopping mall developed by Urban Revitalization Force, opened in Beijing, China in June 2023. (The Box Beijing)

Earlier this month, Hongkong Land, the property developer behind the Landmark mall where Prada, Celine and other global brands operate stores, announced a bold new expansion plan beyond its namesake city.

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