Section: Property

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,

Ao Macau's Crooked Former Government Official Gets 27 Years Jail Term

The Chief Executive, Mr Edmund Ho Hau Wah, said he believed that the verdict passed today by the Court of Final Appeal on Ao Man Long, a former official, was just. This was the CE reaction to the news that Macau's highest-level official ever convicted of corruption was sentenced to 27 years in prison Wednesday for

And Now the Brits Are Coming to Macau!

The British Business Association of Macau (BBAM) opened a representational office in Macau Thursday that aims to be the "starting point" for new business opportunities and provide support for the British business community. Henry Brockman, the chairman of the association, said that there were currently some 40 British companies in Macau, or which had string business

There is No Property Bubble in Macau!

The value of property in Macau is high compared with what locals have been used to but is still in line with the region, said the asset and liability general manager of the Bank of China Macau branch yesterday. "We can no longer just look at the local situation, we are now part of the international

Macau Property Opportunities Fund 4Q 2007 Update

Investor Update Fourth Quarter 2007 Quarterly Highlights * US$43.1 million in new acquisitions announced * 101% of Company's equity now committed * Continued price appreciation in Macau residential property * Positive Macau Government Policy Address * Opening of prestigious MGM Grand Macau Fund Overview In October, the Company announced the successful acquisition of its fourth major property (Property 4) bringing to a close

Macau Sites Sells for Ten Times Reserve

A site was sold at a government land auction in Macau yesterday for 555 million patacas (US$70 million), 10 times higher than the reserve price. The 18,000-square-foot site had a reserve price of 55 million patacas(US$7 million). A total of two connected residential sites in Fai Chi Kei, located at the northern part of Macau

Macau Investment Forum to be Held 21-22 February 2008

Institutional Investor Conferences announces the 3rd Annual Macau Investment Forum, to be held February 21-22, 2008 at the The Venetian Macau Resort Hotel. Following with tradition, the 2008 Forum will bring together global investors, issuers, and gaming and entertainment professionals with their Chinese counterparts. This event will offer participants unique, interactive and in-depth discussions on Macau’s

Emperor Holdings Buy New Macau Site

Hong Kong-based investment company Emperor International Holdings is to acquire a commercial property in Macau for HK$430 million(US$336.4 million). The site is in Avenida da Praia Grande, a central commercial area in downtown Macau. The terrace of three-story commercial buildings has a total saleable area of 10,167 square feet, and the company said the purchase

Macau to Extend Real Estate Tax Reduction

Owners of domestic housing units that are rented out are likely to get tax breaks of up to 3,500 patacas (US$437.50) next year, alongside with owners of owner-occupied flats. This was disclosed today by the Secretary for Economy and Finance, Mr Francis Tam Pak Yuen, after he had discussed the Government budget for the fiscal year

Taipa Rua de Seng Tou Project to Go Ahead

The final blueprint of the US$25 million Taipa Rua de Seng Tou underground carpark and park, which is themed on a natural environment, was released yesterday following amendments done in response to opinions collected. Acting deputy director of the Land, Public Works and Transport Bureau (DSSOPT), Daniel Low, announced that the optimised plan of the 28,914