Macau (MNA) – On Thursday, real estate company JLL confirmed the sale of a 5,597 square metre site in Taipa worth HK$3.51 billion (US$449.29 million) to Jiayuan International Group Limited, a Hong Kong-listed property developer.
According to previous reports, the seller, San Kin Tai Property Development, is primarily involved in property investment in the Macau SAR, with 40 per cent of the group being owned by local businessman William Kwan Wai Lam, who also acted as guarantor for the purchase deal.
The agreement, first reached on September 6, involves two land plots – Lot TN20 and Lot TN24 – on Avenida Dr. Sun Yat-Sen, located in San Chai Village in Taipa.
Lot TN20 occupies a site area of approximately 2,323 square metres, while lot TN24 occupies some 3,274 square metres.
The company noted the size of the whole corresponds to 5 per cent of the overall land supply of the MSAR.
JLL said the site – located close to the three sea-crossing bridges that connect the Macau Peninsula, Zhuhai and Hengqin – was well supported by comprehensive infrastructure as well as public and social amenities.