World comes calling to Chadstone Shopping Centre (Post 2 of 3)

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.

World comes calling to Chadstone Shopping Centre (Post 1 of 3)

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/

If the infrastructure surrounding the complex can be drastically improved, then the development may justify consideration, but this is pie in the sky.

Such development also defies modern trend of purchasing, and with Goolge or YouTube search, we can find many abandoned ghost shopping centres or ghost malls around the world, including prosperous China. We all know the shop-front retailing is soon becoming things of the past, as online purchasing continues to increase by leaps and bounds.

It has been evident that many shops in shopping complexes, shopping strips and flea markets are selling low cost products mainly China, and therefore such development is perfect for China dumping all the 2-buck junks here. Having such a big complex is basically shifting the Caribbean or Wantirna flea markets to the new location, having new facades.