Shanghai’s Xintiandi unveils two new shopping centres

1 min readUpdated May 26, 2025Feb 23, 20155:00 AM

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Two new shopping centres with a combined gross floor area space of more than 60,000 square metres will open this year at downtown Xintiandi area, as Shanghai’s first large-scale city-core redevelopment project continues to upgrade, according to China Xintiandi, the wholly-owned subsidiary of Shui On Land Ltd which is the developer of the mega project.

Opening of the Hubindao Shopping Centre and The House will be another milestone for the Taipingqiao Redevelopment Project, a mixed-use project that consists of residential, office, retail, entertainment and cultural properties at the heart of the city, said Carrie Liu, general manager, commercial, China Xintiandi-Taipingqiao.

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What this means

The launch of Hubindao Shopping Centre and The House represents a strategic densification of retail within Shanghai's prominent Taipingqiao Redevelopment Project. This move by China Xintiandi aims to further solidify its downtown presence, differentiating from competitors through its integrated residential, office, and cultural offerings. Unlike some regional players facing closures due to external factors like the coronavirus, this developer is aggressively expanding its physical footprint. While increasing local competition, the integrated nature of the Xintiandi development should drive robust footfall. The immediate risk lies in attracting and retaining high-value tenants in the new spaces amidst a dynamic market. The critical next step is to monitor the initial occupancy rates and premium brand announcements for both new centres.

Rajiv Menon

Questions & Answers

What is the total size of the two new shopping centres opening in Xintiandi?

The two new shopping centres, Hubindao Shopping Centre and The House, will collectively have a gross floor area exceeding 60,000 square metres. These additions are part of Shanghai's ongoing city-core redevelopment, enhancing the retail offering within the Taipingqiao project.

Who is developing the new shopping centres in the Xintiandi area?

The new shopping centres are being developed by China Xintiandi, which is a wholly-owned subsidiary of Shui On Land Ltd. They are responsible for the entire Taipingqiao Redevelopment Project, including these latest retail additions.

What kind of project is the Taipingqiao Redevelopment, where the new centres are located?

The Taipingqiao Redevelopment Project is a comprehensive mixed-use development situated in the heart of Shanghai. It incorporates various elements such as residential buildings, office spaces, retail outlets, entertainment venues, and cultural facilities, contributing to the city's urban upgrade.

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