Panda Place
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Panda Place
Panda Hotel (), formerly Kowloon Panda Hotel (), is a hotel in Tsuen Wan, New Territories, Hong Kong, located between MTR Tsuen Wan station and Tai Wo Hau station. It is the largest hotel in Tsuen Wan District, with a total of 1,026 rooms. It is developed, owned and managed by Hopewell Holdings. Panda Place Panda Place () is a shopping arcade inside the Panda Hotel. It occupies at the second floor, ground floor and three basement levels beneath the hotel. It is also owned by Hopewell Holdings. Panda Place was formerly the Japanese department store Yaohan's Tsuen Wan Branch. The site became vacant after Yaohan collapsed during the Asian Financial Crisis The Asian financial crisis was a period of financial crisis that gripped much of East Asia and Southeast Asia beginning in July 1997 and raised fears of a worldwide economic meltdown due to financial contagion. However, the recovery in 1998–1 ... in 1997. In 2005, Hopewell redeveloped and renamed the premises. Referenc ...
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HK PandaHotel 2008
Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China (abbr. Hong Kong SAR or HKSAR), is a List of cities in China, city and Special administrative regions of China, special administrative region of China on the eastern Pearl River Delta in South China. With 7.5 million residents of various nationalities in a territory, Hong Kong is one of the List of countries and dependencies by population density, most densely populated places in the world. Hong Kong is also a major global financial centre and one of the Global city, most developed cities in the world. Hong Kong was established as a British Hong Kong, colony of the British Empire after the Qing dynasty, Qing Empire ceded Hong Kong Island from Bao'an County, Xin'an County at the end of the First Opium War in 1841 then again in 1842.. The colony expanded to the Kowloon Peninsula in 1860 after the Second Opium War and was further extended when Britain obtaine ...
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Shopping Arcade
A shopping center (American English) or shopping centre (Commonwealth English), also called a shopping complex, shopping arcade, shopping plaza or galleria, is a group of shops built together, sometimes under one roof. The first known collections of retailers under one roof are public markets, dating back to ancient times, and Middle Eastern covered markets, bazaars and souqs. In Paris, about 150 covered passages were built between the late 18th century and 1850, and a wealth of shopping arcades were built across Europe in the 19th century. In the United States, the widespread use of the automobile in the 1920s led to the first shopping centers of a few dozen shops that included parking for cars. Starting in 1946, larger, open air centers anchored by department stores were built (sometimes as a collection of adjacent retail properties with different owners), then enclosed shopping malls starting with Victor Gruen's Southdale Center near Minneapolis in 1956. A shopping mal ...
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Hotel Buildings Completed In 1990
A hotel is an establishment that provides paid lodging on a short-term basis. Facilities provided inside a hotel room may range from a modest-quality mattress in a small room to large suites with bigger, higher-quality beds, a dresser, a refrigerator and other kitchen facilities, upholstered chairs, a flat screen television, and en-suite bathrooms. Small, lower-priced hotels may offer only the most basic guest services and facilities. Larger, higher-priced hotels may provide additional guest facilities such as a swimming pool, business centre (with computers, printers, and other office equipment), childcare, conference and event facilities, tennis or basketball courts, gymnasium, restaurants, day spa, and social function services. Hotel rooms are usually numbered (or named in some smaller hotels and B&Bs) to allow guests to identify their room. Some boutique, high-end hotels have custom decorated rooms. Some hotels offer meals as part of a room and board arrangement. In Jap ...
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1997 Asian Financial Crisis
The Asian financial crisis was a period of financial crisis that gripped much of East Asia and Southeast Asia beginning in July 1997 and raised fears of a worldwide economic meltdown due to financial contagion. However, the recovery in 1998–1999 was rapid and worries of a meltdown subsided. The crisis started in Thailand (known in Thailand as the ''Tom Yam Kung crisis''; th, วิกฤตต้มยำกุ้ง) on 2 July, with the financial collapse of the Thai baht after the Thai government was forced to float the baht due to lack of foreign currency to support its currency peg to the U.S. dollar. Capital flight ensued almost immediately, beginning an international chain reaction. At the time, Thailand had acquired a burden of foreign debt. As the crisis spread, most of Southeast Asia and later South Korea and Japan saw slumping currencies, devalued stock markets and other asset prices, and a precipitous rise in private debt. South Korea, Indonesia and Thailand were ...
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Yaohan
or ; ) was a Japanese retail group, founded in 1930 by and his wife . Initially a single shop, it was expanded by their son Kazuo Wada into a major supermarket chain with most retail outlets located in Shizuoka prefecture, south of Tokyo. It was incorporated in 1948 and listed on Tokyo Stock Exchange. The store was far more established and notable outside Japan, due to restrictive laws in Japan that made it difficult to set up new businesses, such that by the time it opened its first store in the Tokyo metropolitan area, the company was already in a state of decline due to accumulated debts from over-expansion. Growth During the 1980s and 1990s, the Yaohan group expanded dramatically outside Japan, especially into Hong Kong (since 1984), China (since 1995) and the US. At its peak, it had 450 outlets in 16 countries, including 9 in Hong Kong, as well in São Paulo, Sorocaba (inside highway bus depot), San José, Costa Rica, Los Angeles, Vancouver (Yaohan Centre), Honolulu ...
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Department Store
A department store is a retail establishment offering a wide range of consumer goods in different areas of the store, each area ("department") specializing in a product category. In modern major cities, the department store made a dramatic appearance in the middle of the 19th century, and permanently reshaped shopping habits, and the definition of service and luxury. Similar developments were under way in London (with Whiteleys), in Paris (Le Bon Marché) and in New York ( Stewart's). Today, departments often include the following: clothing, cosmetics, do it yourself, furniture, gardening, hardware, home appliances, houseware, paint, sporting goods, toiletries, and toys. Additionally, other lines of products such as food, books, jewellery, electronics, stationery, photographic equipment, baby products, and products for pets are sometimes included. Customers generally check out near the front of the store in discount department stores, while high-end traditional department sto ...
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Japan
Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the north toward the East China Sea, Philippine Sea, and Taiwan in the south. Japan is a part of the Ring of Fire, and spans Japanese archipelago, an archipelago of List of islands of Japan, 6852 islands covering ; the five main islands are Hokkaido, Honshu (the "mainland"), Shikoku, Kyushu, and Okinawa Island, Okinawa. Tokyo is the Capital of Japan, nation's capital and largest city, followed by Yokohama, Osaka, Nagoya, Sapporo, Fukuoka, Kobe, and Kyoto. Japan is the List of countries and dependencies by population, eleventh most populous country in the world, as well as one of the List of countries and dependencies by population density, most densely populated and Urbanization by country, urbanized. About three-fourths of Geography of Japan, the c ...
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Basement
A basement or cellar is one or more floors of a building that are completely or partly below the ground floor. It generally is used as a utility space for a building, where such items as the furnace, water heater, breaker panel or fuse box, car park, and air-conditioning system are located; so also are amenities such as the electrical system and cable television distribution point. In cities with high property prices, such as London, basements are often fitted out to a high standard and used as living space. In British English, the word ''basement'' is usually used for underground floors of, for example, department stores. The word is usually used with houses when the space below the ground floor is habitable, with windows and (usually) its own access. The word ''cellar'' applies to the whole underground level or to any large underground room. A ''subcellar'' is a cellar that lies further underneath. Purpose, geography, and history A basement can be used in almost exactly th ...
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Hopewell Holdings
Hopewell Holdings Limited (), established on 17 October 1972, is a major property developer in Hong Kong headed by Sir Gordon Wu. History It was listed on the Hong Kong stock exchanges in 1972 and delisted when taken private in 2019. Hopewell Holding is a holding company for investments in infrastructure projects, property letting, property agency and management, hotel operations and management, restaurant operation and food catering, construction and project management. Its primary businesses are in Guangdong province of People's Republic of China and Hong Kong. It was one of the first foreign companies to invest in infrastructure projects in China and a pioneer of infrastructure developments across Asia, including the failed Bangkok Elevated Road and Train System (BERTS) project in Bangkok. It holds 68 percent of Hopewell Highway Infrastructure Ltd, which is spun off by Hopewell Holdings and listed on the Hong Kong Stock Exchange in early August, 2003. As one of the founder ...
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South Of Panda Hotel
South is one of the cardinal directions or compass points. The direction is the opposite of north and is perpendicular to both east and west. Etymology The word ''south'' comes from Old English ''sūþ'', from earlier Proto-Germanic ''*sunþaz'' ("south"), possibly related to the same Proto-Indo-European root that the word ''sun'' derived from. Some languages describe south in the same way, from the fact that it is the direction of the sun at noon (in the Northern Hemisphere), like Latin meridies 'noon, south' (from medius 'middle' + dies 'day', cf English meridional), while others describe south as the right-hand side of the rising sun, like Biblical Hebrew תֵּימָן teiman 'south' from יָמִין yamin 'right', Aramaic תַּימנַא taymna from יָמִין yamin 'right' and Syriac ܬܰܝܡܢܳܐ taymna from ܝܰܡܝܺܢܳܐ yamina (hence the name of Yemen, the land to the south/right of the Levant). Navigation By convention, the ''bottom or down-facing side'' of a ...
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Tsuen Wan District
Tsuen Wan District is one of the 18 districts of Hong Kong. It is located in the New Territories and is served by the Tsuen Wan line of the MTR metro system. Its area is 60,7 km². Its residents, who mostly live in Tsuen Wan Town, enjoy the highest income in the New Territories. Part of the Tsuen Wan New Town is located in the Tsuen Wan District. An exclave of Tsuen Wan is also located on the northeastern part of Lantau island. The Hong Kong Disneyland Resort is within the boundary of Tsuen Wan District. History The district was set up in 1982 covering the present-day Tsuen Wan District and Kwai Tsing District. Kwai Chung and the island of Tsing Yi were split from Tsuen Wan District in the mid-1980s, and subsequently formed a new district known as Kwai Tsing. Sights The Sam Tung Uk Museum is a cultural and agricultural museum and was set up in a former Hakka walled village. Behind Tsuen Wan is Shing Mun reservoir, a valley that was once home to 10 villages that ...
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Tai Wo Hau Station
Tai Wo Hau () is an MTR station between and stations on the . It serves the areas of Kwai Yin Court and Tai Wo Hau Estate in the Kwai Tsing District, and some resited villages (such as Kwan Mun Hau Tsuen) in the Tsuen Wan District of Hong Kong. These villages were originally in Tsuen Wan town centre, being moved for new town development. Tai Wo Hau station was one of the first railway stations in the New Territories; and the first underground one. All other New Territories stations on the Tsuen Wan line are either at surface level or on viaducts. Lai King station cuts through a hillside slope, and all other New Territories underground stations were opened some years later. The station is relatively less busy in the system because of its distance to nearby bus stops and settlements. History The station was built on the site of a park. The 280-metre-long, 22-metre-wide, 15-metre-deep station box was built bottom-up within a sheetpile cofferdam. The tunnel between Tai Wo H ...
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