NEW

Brand Fit Snapshot

Best for:

High-End Flagship StoresPremium Dining & LifestyleInternational ChainsFamily EntertainmentMixed-Use & Office Traffic

Not ideal if:

Value PositioningBudget BrandsSmall Format Retail

Similar properties you might like:

Want to know if your brand fits?
Quick assessment - takes 30 seconds
Check Your Fit

Qianhai One, known as Uniwalk Qianhai or Yifangcheng Shopping Center, is a prominent retail destination in Shenzhen Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone, covering about 360,000 square meters of gross leasable area. Developed as a multi-theme experience mall, it opened in the early 2020s and positions itself as one of Shenzhen largest single-body shopping centers, integrating retail, dining, entertainment, and leisure spaces.

The tenant mix is diverse, with approximately 40% allocated to fashion and lifestyle brands including international names like Zara and Uniqlo, 30% to F&B outlets featuring regional Chinese cuisines and global chains, 20% to entertainment and sports facilities, and 10% to services and parent-child activities. Daily footfall averages over 100,000 visitors, bolstered by the zones economic growth and influx of professionals.

In the broader Shenzhen retail market, where prime mall occupancy hovers at 91.2% and average rents reach RMB 812 per square meter monthly as of Q2 2024, Qianhai One benefits from the submarkets low 4% vacancy rate, indicating robust demand.

Accessibility is strong via direct connections to Metro Lines 5 and 11 at Linhai Station, with proximity to office towers and residential projects enhancing catchment. Leasing opportunities appeal to retailers targeting young, affluent demographics in tech and finance sectors, though challenges include intensifying competition from nearby properties like MixC Qianhai and potential infrastructure strains from rapid urbanization.

Operational quality remains solid with modern design and high maintenance standards, but market saturation in dining categories could impact category-specific performance.

For Advertisers
Advertise at this property?

Reach high-intent shoppers across digital screens, atria, and experiential placements.

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 — 10:30 PM
Saturday10:00 AM — 10:30 PM
Sunday10:00 AM — 10:00 PM
Holiday Hours

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

No.99, Xinhu Road, Shenzhen, China

Insights

Demographic Profile

The Qianhai area surrounding Qianhai One attracts a young professional demographic, primarily aged 25-40, employed in technology, finance, and modern services industries due to the zones role as an innovation hub. With Shenzhen overall median household income exceeding RMB 100,000 annually, the local population exhibits high disposable spending on fashion, dining, and experiential retail. Residential developments nearby house over 50,000 residents, supplemented by office workers from adjacent business districts, creating a stable daytime and evening customer base. This profile supports premium leasing for lifestyle-oriented tenants, though economic fluctuations in tech sectors may introduce spending volatility.

Accessibility and Footfall

Qianhai One enjoys excellent accessibility, located adjacent to Linhai Metro Station on Lines 5 and 11, facilitating easy reach from central Shenzhen areas like Futian and Nanshan within 20-30 minutes. Road access via key highways connects to Hong Kong border crossings, drawing cross-border shoppers. Consistent footfall surpasses 100,000 daily, driven by integrated entertainment anchors and seasonal events, outperforming city averages amid post-pandemic recovery. This metric underscores strong traffic potential for retailers, yet peak-hour congestion and reliance on public transport could pose logistical challenges during high-traffic periods.

Competition and Market Risks

Qianhai One operates in a competitive landscape with nearby rivals including MixC Qianhai, Qianhai V City, and emerging community plazas, where overall Shenzhen prime retail vacancy stands at 8.8% but submarket pressures from new supply may elevate to 6-7% by 2026. Rent levels, averaging RMB 800 per square meter monthly, reflect healthy demand but could stabilize or soften with saturation in F&B and fashion categories comprising 70% of space. Risks include aging competitor infrastructure drawing value tenants away and broader market sensitivity to China economic slowdowns affecting luxury segments, advising cautious lease negotiations with flexible terms to mitigate occupancy gaps.

Building Details

Gross Leasable Area
7
Parking Spaces
2000
Average Monthly Footfall
1,250,000
Owner
Horoy Source Group
Anchor Tenants
Horoy Group

Detailed Market Analytics

Primary Catchment Area
5 km
Secondary Catchment Area
15 km
Catchment area population
800,000 People
Population growth rate
1.12 %
Median age
32 Years
Household size
2.8 Persons
Education level (tertiary)
65.0 %

Median household income
300,000 CNY per year
Unemployment rate
5.1 %
Cost of living index
120 Index (national=100)

Retail spending per capita
50,000 CNY per year
Spending on apparel
8,000 CNY per capita per year
Spending on groceries
12,000 CNY per capita per year
Spending on electronics
6,000 CNY per capita per year

Annual foot traffic
15,000,000 Visitors
Dwell time
2.5 Hours
Conversion rate
25.0 %
Sales per square meter
12,000 CNY per month

Number of retail stores
250 Stores
Anchor tenant presence
Yes
Competitor density (same category)
3 Malls per 100,000 people
Tenant diversity
High
Unique Concepts
10.0 %

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

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

E-commerce competition
High
Click-and-collect adoption
40.0 %
Internet penetration
95.0 %

Retail crime rate
Low
Security measures
Advanced

Promotional events
Monthly
Loyalty program penetration
60.0 %
Digital signage presence
Full coverage

Projected foot traffic growth
5.0 %
New tenant pipeline
20 New stores planned
Mall expansion plans
Ongoing
City Snapshot
Shenzhen

Comprehensive market intelligence for retail expansion in this city

Market DataDemographicsTenant Mix
Get City Snapshot
City Snapshot Report Preview
Sample

Discover more shopping centers in Shenzhen.

Top retail destinations across China.

For Advertisers
Advertise at this property?

Reach high-intent shoppers across digital screens, atria, and experiential placements.

City Snapshot
Shenzhen

Comprehensive market intelligence for retail expansion in this city

Market DataDemographicsTenant Mix
Get City Snapshot
City Snapshot Report Preview
Sample