Local residents have purchased more than 7,000 property units in Hengqin

Macau residents have purchased more than 7,000 property units in Hengqin as of August of this year, representing more than 500,000 square meters, authorities in the neighbouring region indicated according to People’s Daily.

Hengqin authorities also indicated that they have issued more than 4,385 residence permits for Macau residents by the end of August, of which 253 were issued last month alone.

The Hengqin New District has also issued a total of 2,712 permits for Macau-registered vehicles to enter Hengqin.

Recently Zhuhai authorities further relaxed the entry and exit policy of Macau single-plate vehicles in Hengqin, extending the validity period of their entry and exit Hengqin qualifications from the original three months to one year, and increasing the total allowed quota increased from 2,500 to 5,000.