Section: Property

Shun Tak Made US$770m From Sales One Central Residences

Shun Tak Holdings has said that more than HK$6 billion(US$770 million) has been generated from sales of One Central Residences, the company's joint-venture luxury residential project in Macau with Hongkong Land. About 90 percent of the apartments have been sold, the company said. Some units sold for as much as HK$6,300 psf. One Central Residences, which has 796

Las Vegas Sands begins marketing campaign for Marina Bay integrated resort

July 4, 2006 | ChannelNewsAsia | SINGAPORE : US hotel and casino group Las Vegas Sands has begun its marketing campaign for the Marina Bay integrated resort. At an exhibition to sell conference venues and facilities here on Monday, Sands' Asian arm, Venetian Macau, showcased the Singapore project alongside other similar facilities it is developing in

Macau Casinos and Gambling Clubs in Operation or Under Development (Update)

Cotai Strip Casinos (3) City of Dreams Grand Waldo Casino Venetian Macao Macau Peninsula Casinos and Lounges (35) Babylon Casino Casa Real Casino Casino Lisboa Crystal Palace Diamond Casino @ Holiday Inn Emperor Palace Fortuna Casino Galaxy StarWorld Golden Dragon Grand Lisboa Jai Alai Casino Kam Pek Casino Kingsway Casino Legend Club Louvre Casino Macau Palace (Under Redecoration) MGM Grand Macau Mocha Kingsway Mocha Marina Plaza Mocha Royal Mocha Sintra Mona Lisa Palace Orbit Lounge Oriental Casino Pharaoh's Palace Ponte 16 Casino President Casino Rio Casino Sands

Macau’s Property Market Today

The current financial instability in the Worlds’ economy is certainly going to affect Macau property prices. The question is; How ? Opinions vary of course, that is the nature of ‘forecasting’. One of the world’s most respected financial institutions, the International Monetary Fund or IMF, predicts recession in USA and Europe. You may think that all these

Macau Government Guarantees Unlimited Bank Deposits Until 2010

The government of Macau Tuesday said it would provide unlimited bank guarantees on deposits in Macau banks, estimated at a total of US$32.5 billion (260 billion patacas), MacauNews reported Wednesday.Macau’s Secretary for the Economy and Finance, Francis Tam said at a press conference that the government would, “provide loans or capital to banking isntitutions that

Macau Expects 34,000 More Rooms By 2010

A total of 56 hotel projects which were still under construction or waiting for approval in the second quarter this year could provide at least 34,400 more guest rooms to Macau's tourism industry.According to information from the Land, Public Works and Transport Bureau (DSSOPT), 21 hotel projects were under construction, a drop of two from

The Magical Of Macau

Imagine a building that contains more square footage than some entire towns, on a scale so large that an unsuspecting visitor with a poor sense of direction might spend days wandering among its 3,000 guest suites, meeting, convention and exhibition areas desperately seeking the restaurant where he made a dinner reservation. It is ironic that visitors

Macau Waiting to Start Land Reclamation Projects

The Macau government is waiting for approval from the central government in Beijing to begin works on the reclamation land projects which are expected to total an area of around five square kilometers. The secretary for transport and public works, Lau Si Io, said the project plan is based on that of 2006, which the local

Macau Immigration Investment Scheme On Hold for Two More Years

The investment immigration scheme through buying properties in Macau will not be resumed at least for the next two years, according to government sources. The Jornal Va Kio reported that the Government has no intention to review the decision, announced by the Chief Executive Ho Hau Wah during the Legislative Assembly’s question time on 3 April

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