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ISSUE 118 - Feb 2014
 
 
The Macau property market is changing. Vote. What is your opinion on likely price fluctuations for the second half of this year?
Decline below -10 percent
Decline from 0 to -10 percent
Growth from 0 to 10 percent
Growth above 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

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Researchers forecast declines in takings ranging between 24 pct and 37 pct

Jimei Intl to run VIP gaming tables in Cambodia

Macau gaming company strikes deal with operator of Phnom Penh’s NagaWorld

New transit rules may mean more business for Macau

Travel Industry Council head says mainlanders that stay longer need hotels

Macau Franchise Expo opens in Venetian Macao

Exhibitors from around the world include owners of 100 international brands
Headlines

Gambling junket operators play the job loss card

Say smoking ban threatens the livelihoods of 3,000-5,000 of their employees

Drops in shop and factory prices forecast for H2

But estate agent sees more interest in opening shops in residential areas

Govt to table catch-all anti-smoking bill

Measure may harm economy, but public health takes priority, official says

Commerce, industry to get 17 ha of reclaimed land

All reclamation zones will have land for tourism and leisure industries

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