Three new shopping centers to open within a year
Riding off the growing popularity of outlet stores in Taiwan, developers are planning to open three more shopping centers in the next year, which analysts say will enhance local living and convenience.
The first new development set to open its doors is Gloria Outlet (
) in Taoyuan. Conveniently located near a transit station that connects to Taiwan High Speed Rail and the Taiwan Taoyuan International Airport MRT line, the outlet is part of the Taoyuan Aerotropolis project.
Passengers will be able to conduct advance flight check-ins at the outlet, which is set to begin operations in the fourth quarter this year.
The outlet is a joint effort by Gloria Hotel Group, Cathay Life Insurance ( ) and consulting firm The Outlet! Company. In addition to shops and stores, Gloria Outlet developers expect to add a five-star hotel, office buildings, and a movie theater in the future.
Outlet Park ( ), a joint venture between Farglory Group (
) and Japan’s Mitsui Group, is scheduled to open in the first quarter of 2016. Located in Linkou, New Taipei City, it is only a fiveminute walk from the airport MRT’s A9 Station.
Mitsui Group, which owns a 70-percent stake in the venture, will introduce Japanese brands as well as Japanese management to the outlet.
The shopping center will integrate restaurants and entertainment facilities, including a supermarket, theater, bookstore, and more. All of the indoor and outdoor venues are tailor designed to meet Taiwan’s climate conditions, developers said.
Outlet Mall ( ) in Taichung is projected to open doors in the third quarter of 2016. Developed by Lih Pao Group ( ), the mall will combine the resources of Lihpao Land theme park and Fullon Hotels & Resorts.
Lih Pao is also partnering with Japan’s BAC, PROD and RIC, spending up to NT$2 billion in an attempt to build another Japanese style shopping center.
More Outlets to Open
Michael Wang ( ), manager at Sinyi Realty's (
) Global Asset Management Co., attributed the surge of outlet construction to increased online shopping, which has affected sales
a in retail stores, department stores and hypermarkets.
As store revenues recede year by year, outlets have emerged as a winner for offering lower prices as well as their fashion products, which may not be available online, Wang said.
There are six outlet stores currently operating on the island, including E-Da Outlet Mall (
) in Kaohsiung, and two medium-sized outlets in Central Taiwan.
Mitsui Group believes Taiwan has room for more, and plans to open two to three outlets in Taichung and Tainan in the future.