More families are moving, or considering doing so, out of busy city metropolitans to lesser congested environments and suburbs, say many property experts.
This trend is likely to be more prevalent since Covid-19 lockdown proved just how versatile organisations can be in adopting flexible hours and remote working of employees.
Add to this that online education and homeschooling is also growing in popularity, it’s no wonder that the value of smaller community living is heightened.
Along with this shift comes the relief from not needing the hustle and bustle of large regional malls, according to Gavin Tagg, CEO of Retail Network Services, considered one of the premier developers of local mall development.
“Community centre shopping is proven to be more therapeutic and less noisy, and thus more pleasurable and relaxing,” he said.
“They are no longer the quick-shop destinations of old, instead they have evolved to be places where families can shop together and be entertained, but with the same convenience as is expected from local shopping centres.
“What the new local malls also highlight is that convenience does not need to be boring, but only if the variety of services provided is in response to local supply and demand.”
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