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ISSUE 118 - Feb 2014
What are your expectations for the gross gaming revenue growth of Macau’s gaming industry in 2014?
Growth above 10 percent
Growth from 0 to 10 percent

Shun Tak spends RMB721 mln on Hengqin land

Posted: 8/1/2013 12:28:17 PM
Rating:     0% ( votes)

Shun Tak Holdings Ltd says it will build a mixed-use development on a parcel of land at Hengqin Island.

The company told the Hong Kong Stock Exchange about the land deal yesterday. It paid RMB721 million (MOP939 million) for the site.

Shun Tak said it would build a hotel, offices, serviced apartments and commercial space on the 2.38-hectare plot with a maximum gross floor area of 131,089 square metres.

Shun Tak managing director Pansy Ho (pictured) said: “The location and strategic value of this Hengqin project naturally complement our existing hospitality business in Macau.”

The Hong Kong company, founded by gaming mogul Stanley Ho Hung Sun, runs ferries between Macau and Hong Kong, and has substantial real estate and hospitality interests here.

Other Macau Latest News

Lionel Leong contrasts Cuiheng, Hengqin efforts

Economy secretary says cooperation with each place means different benefits

Ex-secretary to focus on Pearl Delta cooperation

Francis Tam discloses thrust of his efforts as a member of advisory body

Neptune Group profit drops to HK$292.6 mln in H1

Junket operator says ‘dire situation’ due to competition and weak run rate

Real estate fund’s value dips 2.1 pct in fiscal H1

Macau Property Opportunities Fund manager speaks of healthy consolidation

Homes in Hengqin developments illegally pre-sold

Official says two developers are offenders, but fails to say which ones

Retail sales value grows only marginally in 2014

Newspaper says anti-graft drive, protests deterred shoppers from mainland

Govt secretary denies cap set on mainland tourists

Alexis Tam says any measures against overcrowding will be applied gradually

SJM Holdings earnings shrink to HK$7.8 bln in 2014

Gaming revenue drops to HK$79.3 bln as betting by high-rollers shrivels

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