Posted to Waveley Leader (28/2/2012) on 28/2/2012 at 12:18 PM
Commenting on "YOUR SAY: World comes calling to Chadstone Shopping Centre"
http://waverley-leader.whereilive.com.au/news/story/your-say-world-comes-calling-chadstone-shopping-centre/
The reasons why overseas investors particularly China are keen for project of this nature is more than just investing in the complex. One has been mentioned previously in regards to failed projects when shopping complexes enable to attract tenancy. Another reason is likely involves an hidden agenda of “investment migration”.
Most of stalls in many complexes these days are owned or operated mainly by Chinese nationals who come in as investment migrants, and they need to run a business as a condition for visa application. However, when permanent residency status is granted, which entitles them to apply for Australian passports, the business is sold to another “investment migrant”. Whether the business is making a profit is a non-issue, because another investment migrant will pay for the business. This is the cheapest way to get the Australian citizenship.
Commenting on "YOUR SAY: World comes calling to Chadstone Shopping Centre"
http://waverley-leader.whereilive.com.au/news/story/your-say-world-comes-calling-chadstone-shopping-centre/
The reasons why overseas investors particularly China are keen for project of this nature is more than just investing in the complex. One has been mentioned previously in regards to failed projects when shopping complexes enable to attract tenancy. Another reason is likely involves an hidden agenda of “investment migration”.
Most of stalls in many complexes these days are owned or operated mainly by Chinese nationals who come in as investment migrants, and they need to run a business as a condition for visa application. However, when permanent residency status is granted, which entitles them to apply for Australian passports, the business is sold to another “investment migrant”. Whether the business is making a profit is a non-issue, because another investment migrant will pay for the business. This is the cheapest way to get the Australian citizenship.
