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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?
Decline
Growth above 10 percent
Growth from 0 to 10 percent
Stagnation
 
 

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

Macau, mainland sign services liberalisation deal

Accord levels playing field for Macau enterprises in Guangdong market

Macau Yacht Club member sounds alarm over AGM

Jorge Fão says developers hoping to make money from club-owned plot of land

Sundart Engineering wins Louis XIII hotel contract

Builder will make HK$70.5 mln fitting out the rooms, suites and corridors

China lauds Macau’s role in relationship-building

Foreign ministry says city acts as bridge to the Portuguese-speaking world
Headlines

President Xi arriving in Macau for two-day visit

To attend handover celebrations and chief executive’s second inauguration

Macau casino shares slump on dirty money report

Mainland effort to stem flow of ill-gotten gains alarms Hong Kong market

Beijing tightens stranglehold on dirty money flow

Authorities to snoop on all China UnionPay money transfers through Macau

MGM China to put money into project on Hengqin

But chief executive is reticent about the nature of the non-gaming project

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