June 21, 2006 | MacauBusiness | A government scheme offering a Macau identity card to Mainland residents and other outsiders investing in the territory's property market is still proving popular, despite a tightening of the rules.
In six years 7,939 people and their dependents have been issued with the sought-after IDs that can open doors to academic opportunities as well as better paid jobs in Macau. The Investment Residency Scheme has also earned the authorities an estimated eight billion patacas (US$ 1 billion) based on the minimum MOP 1 million (US$ 125,000) investment.
