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Dick Groves, a retail consultant based in Hong Kong, said the failure of the New South China Mall was down to inexperience in leasing business and an undisciplined financial system.
'When it's easy to get financing without having to convince someone of the project's feasability, and without having to show pre-leasing commitment, you can start to get into trouble,' he told The National.
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Member Submitted News
FIRST BERNIE SANDERS, NOW ELIZABETH WARREN: Elizabeth Warren to Berkeley protesters: If you don’t like Coulter’s speech, just don’t go.alexmark
The Housing Bubble Is Back - With One Big Departure From 2007: Today It's Part Of A Constellation Of Bubbles That Includes Government Bonds, Equities....alexmark
French Elections: Macron is a former Rothschild Banker who was groomed at an elite feeder school to eventually go on to run the country.alexmark
AFTER CHALLENGING RED LIGHT CAMERAS, OREGON MAN FINED $500 FOR PRACTICING ENGINEERING WITHOUT A LICENSEBlacklistednews
HA! Moody’s claims the retail industry is STABLE after THOUSANDS of stores have closed in the past yearnewsguy76
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