City University of Macau pays MOP163,000 per month for residential area

By
macaubusinessdaily

City University of Macau is paying a monthly rental of MOP163,000 for the use of the former residential area of the University of Macau in Taipa, the Macau Economic Service said on Friday.
The Government clarified that City University of Macau is at this moment using part of the educational facilities of the former campus of the University of Macau – which moved to its new campus in Hengqin – and the former residential building.
‘Taking into account the large importance attributed by the government of the Special Administrative Region of Macau to the development of the higher education system and the implementation of the policy ‘Construction of prosperity through education’, part of the facilities of the former campus of the University of Macau were conceded to City University of Macau for free’, the DSE explained. ‘Concerning the residential units, the rental value is MOP34.5 per square metre. As the total area of the residences occupies 4.732 square metres, the monthly rental amounts to MOP163.000’.