Section: Property

Oceanus Casino to Start Construction in June 2008?

As we mentioned earlier back in November 2007, Oceanus Casino Project Getting Ready to Kick Off >>, we just received a snippet of news that the interim New Yaohan department store will be opening in May 2008 on the Lot One site in Nam Van Lake opposite to the old Judicial Court. The mall has

Hong Kong-Zhuhai-Macau Bridge May Take OVer 35 Years to Break Even

As reported by Blog Macau Info, the Hong Kong-Zhuhai-Macau Bridge project may take 36-and-a-half years to break even, admitted the Governor of Guangdong Province. Huang Huahua said in Beijing as a deputy to the National People’s Congress (NPC) that is currently being convened that the construction cost of the bridge may reach US$5.62 billion, while the

Ao Man Long Tells Macau Court He Did Receive Bribes

The former secretary for transport and public works, Ao Man Long who took a cool US$100 million in bribes and now is serving a 27-year jail sentence for serious corruption charges, admitted yesterday to having received money from companies including Seng Meng Fai. Ao was a witness in his family's trial and rejected claims that his

Another 36,000 Hotel Guestrooms to Hit Macau

Currently in Macau there a total of 23 hotel projects under construction and another 23 waiting for approval around the city. Statistical data indicates that the 23 hotels under construction are expected to provide about 24,000 guestrooms. Of these there are seven medium-sized hotel projects with the number of rooms ranging from 100 to 600,

At Long Last The Hong Kong-Zhuhai-Macau Bridge to Go Ahead

The governments of Hong Kong, Guangdong, and Macau yesterday endorsed the financing scheme for bridges linking the three places and the massive project will soon proceed to public tenders. Macau's casino magnate Dr Stanley Ho has said that he is interested in bidding for the project. It is expected a number of state- owned enterprises will

Macau Casinos Eating up Land for Locals Homes

Local legislator and president of CAA City Planning and Engineering Consultants, Jose Sai-Peng Chui, presented diagrams showing how new land developments earmarked for urban development were switched to almost 100 per cent hotel and gaming use. Examples of the land reclamation in the NAPE district, to the east of Macau peninsula, and the Cotai Strip between

Macau Light Railway Moves on To Next Phase

The Macau government has selected seven international companies to present proposals for consultation on the first phase of construction of the light railway that is due to be finished in 2011, officials said Thursday. Extending over 20 kilometers, the light railway is expected to cost around 4.2 billion patacas (US$525 million). The Bureau for Transport Infrastructure of

Hong Kong-Macau-Zhuhai Bridge to Go Ahead in 2008?

There could be significant progress to the Hong Kong-Macau-Zhuhai Bridge project this year, indicated a Hong Kong businessman who is one of its initiators. Gordon Wu told media in Hong Kong and Macau that the plan has entered into a ‘national infrastructure’ stage, and the Beijing State Council’s National Development and Reform Commission (NDRC) will head

Macau Lawmaker is Expecting Housing Bubble Burst

Lawmaker Lee Chong Cheng called on the government to cut down the rising price of housing estates and prevent the housing bubble bursting in Macau. In his written interpellation, Mr Lee asked the government if there was any microeconomic plan to halt the crisis of the burst of the housing bubble, insisting on knowing what

Macau Real Estate Brokers to Be Regulated

The Macau government put its proposal for a law to regulate the real estate brokerage sector out to public consultation, which will require agents to be registered and to pass an examination. The Macau real estate sector has attracted real estate agencies from Hong Kong to Macau and led to the opening of several specialized companies,