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International ChainsFast FashionCinema & LeisurePremium Dining & LifestyleMixed-Use & Office Traffic

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Discount RetailUltra-Luxury PositioningValue Positioning

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KK Mall in Shenzhen's Luohu District at 5016 Shennan Dong Road is a key component of the Kingkey 100 complex, offering 84,000 sqm GLA over five floors with 250 stores. Occupancy exceeds 90% (vacancy 8%), per Q2 2025 reports.

Tenant mix features 150-200 international fashion outlets (e.g., Zara, H&M, Armani), anchored by IMAX cinema, supermarket, bookstore, spa, games, and F&B like Starbucks. Footfall averages 5 million annually, supported by young (median age 32), high-income (80,000 RMB/capita) demographics and Hong Kong visitors; sales up 3.8% y-o-y. Rents at 320-800 RMB/sqm/month, below city avg 753 RMB. Excellent metro access (Lines 1,2,9) but traffic issues.

Mid-luxury positioning in competitive market with 7.8M sqm stock; advantages include central visibility and flexibility, drawbacks: fashion saturation, e-commerce rivalry.

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Hours of Operation

Hours

Checking...
Monday10:00 AM — 10:00 PM
Tuesday10:00 AM — 10:00 PM
Wednesday10:00 AM — 10:00 PM
Thursday10:00 AM — 10:00 PM
Friday10:00 AM — 10:00 PM
Saturday10:00 AM — 10:00 PM
Sunday10:00 AM — 10:00 PM
Holiday Hours

Hours may vary on public holidays. Check with individual stores for specific holiday schedules.

5016 Shennan East Road, Shenzhen, China

Insights

Demographic Profile

Luohu catchment (1M pop, 2.5% growth) targets young urbanites (age 32-33, 35% tertiary education, 95% internet penetration). High disposable income (150,000 RMB/household) drives apparel (1,521 RMB/year) and electronics spending (5,000 RMB). Loyalty programs at 60%, favoring experiential retail, but unemployment at 4% and cost of living index 120 signal sensitivity to economic shifts.

Competitive Landscape

High competitor density in Luohu with over 200 similar outlets, including MixC and Dongmen, erodes exclusivity. E-commerce captures 25% fashion sales, pressuring non-unique tenants. New supply like Shenzhen Bay MIXC II adds vacancy risk (city 8.8%). KK Mall's mid-luxury niche benefits from border traffic but vulnerable to policy changes reducing 20-30% visitors.

Leasing Considerations

Rents 600-800 RMB/sqm/month for prime, with flexible short/medium terms amid softening market (down 2.7% q-o-q). Sales 38,000 RMB/sqm/year support viability, but F&B depth limits dwell (50 min). Operational quality high with promotions; risks from aging infrastructure (opened 2010) and rising costs. Strong pipeline for new tenants, occupancy 92%.

Building Details

Property Type
Shopping Mall
Gross Leasable Area
84,000
Year Built
2010
Parking Spaces
2000
Average Monthly Footfall
416,667
Owner
King Key Real Estate
Anchor Tenants
IMAX Cinema, BLT Supermarket, Yanjiyou Bookstore

Detailed Market Analytics

Primary Catchment Area
5 km
Secondary Catchment Area
20 km
Catchment area population
1,000,000 People
Population growth rate
2.5 %
Median age
33 Years
Household size
2.6 Persons
Education level (tertiary)
35.0 %

Median household income
150,000 RMB/year
Unemployment rate
4.0 %
Cost of living index
120 Index (Beijing=100)

Retail spending per capita
30,000 RMB/year
Spending on apparel
1,521 RMB/year
Spending on groceries
10,000 RMB/year
Spending on electronics
5,000 RMB/year

Annual foot traffic
5,000,000 Visitors
Dwell time
50 Minutes
Conversion rate
25.0 %
Sales per square meter
38,000 RMB/sqm/year

Number of retail stores
250 Stores
Anchor tenant presence
Yes
Competitor density (same category)
High
Tenant diversity
High
Unique Concepts
Yes

Gross Leasable Area
84,000 sqm
Number of Levels
5 Levels
Average rent per square meter
320 RMB/sqm/month
Vacancy rate
8.0 %
Lease term flexibility
Medium
Available retail space
5,000 sqm

Proximity to main roads
Direct
Public transport access
Excellent
Parking spaces
2,000 Spaces
Pedestrian traffic
High

E-commerce competition
High
Click-and-collect adoption
70.0 %
Internet penetration
95.0 %

Retail crime rate
Low
Security measures
Advanced

Promotional events
Frequent
Loyalty program penetration
60.0 %
Digital signage presence
Yes

Projected foot traffic growth
5.0 %
New tenant pipeline
Strong
Mall expansion plans
Ongoing
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