Hey, I arrived in Beijing a few weeks ago and i’m very interested in urbex, at first I was just looking for some place to take my friends on Halloween, but I really want to try more if the invitations are still on!
Has this mall build progressed much since January 2015 when you visited? It was supposed to have been finished and lettings of shops started back in October 2013
I haven’t been out there for a while, but the progress on the mall is very slow indeed. As a satellite city to Beijing, the government moved some of its departments into the town to take the pressure off Central Beijing. This lead to a bubble in housing prices in the area, which crashed after about two years. This meant that all the fancy houses and shops that had been built were just worthless. Locals are waiting for the local economy to bounce back, but it is not likely to happen soon.
Thanks for the message, if you are in Beijing I could take you out there sometime, 🙂
My interest is because the developer is one of the Malaysian Berjaya companies controlled by Vincent Tan who has interests in the UK but seems keen to hide what may be an expensive financial failure on his part on this contract.
I am aware that phase one of the contract was due to have been completed back in October 2013 to enable rental income to start flowing. I am also aware that attempts to sell on 70% of the business to a Chinese cgroup (Carnival) also failed after the potential buyers did their due diligence work.
From what you say the contract even now seems way off being in a position to start earning rental income. Even when complete there also seems to be some doubt as to whether there is enough customer demand to make the development successful. Did you say that the location and lack of train link makes it difficult to get to from Beijing?
Burbex - Beijing Urbex 
Hey, I arrived in Beijing a few weeks ago and i’m very interested in urbex, at first I was just looking for some place to take my friends on Halloween, but I really want to try more if the invitations are still on!
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Sure, that sounds great. Just send me a text on 159 0120 8345 and we can hit up a few places.
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Are you still interested in going exploring?
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Has this mall build progressed much since January 2015 when you visited? It was supposed to have been finished and lettings of shops started back in October 2013
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I haven’t been out there for a while, but the progress on the mall is very slow indeed. As a satellite city to Beijing, the government moved some of its departments into the town to take the pressure off Central Beijing. This lead to a bubble in housing prices in the area, which crashed after about two years. This meant that all the fancy houses and shops that had been built were just worthless. Locals are waiting for the local economy to bounce back, but it is not likely to happen soon.
Thanks for the message, if you are in Beijing I could take you out there sometime, 🙂
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Thanks for the response.
My interest is because the developer is one of the Malaysian Berjaya companies controlled by Vincent Tan who has interests in the UK but seems keen to hide what may be an expensive financial failure on his part on this contract.
I am aware that phase one of the contract was due to have been completed back in October 2013 to enable rental income to start flowing. I am also aware that attempts to sell on 70% of the business to a Chinese cgroup (Carnival) also failed after the potential buyers did their due diligence work.
From what you say the contract even now seems way off being in a position to start earning rental income. Even when complete there also seems to be some doubt as to whether there is enough customer demand to make the development successful. Did you say that the location and lack of train link makes it difficult to get to from Beijing?
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Has anything further happened with completing this shopping mall development or is it still standing unfinished?
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Yes very interested but very busy since March until next week, would love to go again!
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Just send me a message via WordPress or send an email to burbex@outlook.com
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