March 28, 2008Colliers International Macau has just released this interesting and bullish report about the Macau Property Market.
The latest report shows the openings of the Venetian Macau, MGM Grand Macau, Grand Lisboa and Crown Macau last year strengthened the island’s position as a world-class tourist destination.
Posted in City of Dreams, Construction, Cotai Strip, Design & Construction, Four Seasons Macau, Macau News, Macau Property, Macau Real Estate, Venetian Macao 
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January 10, 2008Investor Update Fourth Quarter 2007
Quarterly Highlights
* US$43.1 million in new acquisitions announced
* 101% of Company’s equity now committed
Posted in Condominium, Design & Construction, Development, Infrastructure, Macau Business, Macau General, Macau Property, Macau Success, Social and Politics, eSun No Comments »
November 16, 2007In Macau there were 11,274 real estate sale and purchase contracts with a total value of MOP12.09 billion were made in the first three quarters of 2007, up by 14.0% and 42.0% respectively year-on-year. In the third quarter of 2007, a total of 2,878 real estate sale and purchase contracts were made, involving the transaction of 3,783 units, which dropped by 16.9% and 22.0% over the same quarter of 2006 and the second quarter of 2007 respectively. The corresponding total value amounted to MOP4.09 billion, up by 11.0% year-on-year and 4.7% over the second quarter of 2007.
In the first three quarters of 2007, the total value of mortgage credits granted reached MOP87.28 billion, up by 44.0% year-on-year. In the third quarter of 2007, value of mortgage credits amounted to MOP26.94 billion, of which those relating to purchase of real estate was MOP1.36 billion, up by 52.4% and 15.6% respectively over the same quarter of 2006. Compared with the second quarter of 2007, the total value of mortgage credits decreased by 49.6%, while those relating to purchase of real estate fell by 23.4%.
Posted in Condominium, Construction, Design & Construction, Development, Macau Property, Macau Real Estate No Comments »
November 15, 2007The Macau construction sector registered significant increase in all principal indicators in 2006 that was underpinned by the various large-scale construction projects in progress. In 2006, there were 1,600 establishments operating in licensed construction works, an increase of 181 establishments over 2005.
Number of persons engaged rose by 58.5% to 25,339. Gross output (total value of construction works performed and other receipts) and gross value added amounted to MOP40.36 billion and MOP7.34 billion respectively, up notably by 106.7% and 148.5% over 2005.
Posted in Condominium, Construction, Design & Construction, Development, Hengqin Island, Macau Property, Macau Real Estate No Comments »
November 3, 2007As expected costs of the City of Dreams casino project continue to blowout, now by a whopping $US600 million! The estimated outlay is now $US2.1 billion compared with the previously reported $US1.85 billion in June and $US1.5 billion last December. We can foresee further cost overruns happening prior to the expected opening in the middle of 2008.
By now James Packer must surely call this the ‘City of Nightmares’.
Posted in City of Dreams, Construction, Cotai Strip, Design & Construction, James Packer, Lawrence Ho, Macau Business, Macau Property, Melco PBL No Comments »
October 30, 2007Vigers has just released an interesting report about Macau’s economic boom.
Read Report: Macau Property Update report
Courtesy: Vigers
Posted in Condominium, Construction, Design & Construction, Development, Hengqin Island, Macau Property, Macau Real Estate No Comments »
March 7, 2007Chinese group Yanlord Land plans to invest US$300 million in transforming a plot of land with a sea view in Zhuhai into a luxury project with hotel, retail and residential areas, the South China Morning Post reported Monday.
According to the paper, the project’s location, which is close to the Gongbei border post between mainland China and Macau, will have an area of 214,500 square meters.
Posted in China, Construction, Design & Construction, Development, Economy & Business, Macau General, Macau Property No Comments »
March 5, 2007Urban planning is of great importance to Macao and the Government would study Macao’s needs to develop a modern and scientific plan for the city’s future urban development, the Chief Executive, Mr Edmund Ho Hau Wah, said today.
Speaking at a reception hosted by the General Union of Neighbours Association of Macau to celebrate the Lunar New Year, Mr Ho said that as the economy continued to expand, the city’s environment had changed rapidly in the past few years.
Posted in Design & Construction, Economy, Infrastructure, Macau General, Macau Property, Social and Politics No Comments »
