June 2, 2008The curse of the fat finger has struck one of China’s most secretive commercial dynasties as an e-mail between top executives of Shun Tak Corporation has erroneously revealed plans for developing one of the last pieces of the lucrative waterfront in Macau.
The property, in one of the world’s hottest gambling destinations, is worth about $500 million.
Posted in Development, Macau Casino, Macau Property, Pansy Ho, Stanley Ho 
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April 11, 2008The Macau government is waiting for approval from the central government in Beijing to begin works on the reclamation land projects which are expected to total an area of around five square kilometers.
The secretary for transport and public works, Lau Si Io, said the project plan is based on that of 2006, which the local government handed to the central government for appraisal and approval, which has now entered the final stage.
Posted in China, Development, Infrastructure, Macau General, Macau Government, Macau Property, Social and Politics No Comments »
March 10, 2008As reported by Blog Macau Info, the Hong Kong-Zhuhai-Macau Bridge project may take 36-and-a-half years to break even, admitted the Governor of Guangdong Province.
Huang Huahua said in Beijing as a deputy to the National People’s Congress (NPC) that is currently being convened that the construction cost of the bridge may reach US$5.62 billion, while the ports and connection facilities will be assumed by the authorities of the three territories respectively.
Posted in Development, Economy & Business, Infrastructure, Macau Business, Macau General, Macau Government, Macau Investment, Social and Politics No Comments »
March 3, 2008Currently in Macau there a total of 23 hotel projects under construction and another 23 waiting for approval around the city. Statistical data indicates that the 23 hotels under construction are expected to provide about 24,000 guestrooms. Of these there are seven medium-sized hotel projects with the number of rooms ranging from 100 to 600, six large hotel projects with rooms ranging from 600 to 2000, and one super project with approximately 10,000 guestrooms. Most of the large hotel projects such as the Four Seasons Hotel at TYhe Cotai Strip, focus on the Cotai Strip area.
For the 23 projects waiting for approval, not including eight for which there is no detailed data, the remaining projects will provide a total of about 14,000 guestrooms which includes 12 hotel projects with 300 to 600 guestrooms, and two grand hotels with 3,000 to 4,000 rooms.
Posted in Construction, Cotai Strip, Cotai Strip Hotels, Development, Four Seasons Macau, Hotel Macau, Macau Property No Comments »
February 29, 2008The governments of Hong Kong, Guangdong, and Macau yesterday endorsed the financing scheme for bridges linking the three places and the massive project will soon proceed to public tenders. Macau’s casino magnate Dr Stanley Ho has said that he is interested in bidding for the project.
It is expected a number of state- owned enterprises will play a major role in building the bridges expected to cost between US$4-5 billion. The Hong Kong listed China Communication Construction Company and China Railway have a long history in building infrastructure projects in the mainland, Hong Kong and overseas.
Posted in Development, Infrastructure, Macau Business, Macau General, Macau Government, STDM | SJM, Social and Politics, Stanley Ho 1 Comment »
February 23, 2008The Macau government has selected seven international companies to present proposals for consultation on the first phase of construction of the light railway that is due to be finished in 2011, officials said Thursday.
Extending over 20 kilometers, the light railway is expected to cost around 4.2 billion patacas (US$525 million).
Posted in Cotai Strip, Development, Infrastructure, Macau General, Macau Government, Macau News, Social and Politics No Comments »
February 15, 2008The eventual committee of the land concession system yesterday moved to discuss policy orientation and specific executive measures after the government presentation was completed.
According to president of the Eventual Committee for the Analysis of Public Regimes and Land Concessions, Kou Hoi In, the government had finished introducing its proposal during the last meeting, and the committee started to identify any specific problems yesterday before carrying out in-depth discussion and analysis on each of the issues.
Posted in Development, Economy, Macau General, Macau Government, Macau Property, Social and Politics No Comments »
January 31, 2008The Macau government put its proposal for a law to regulate the real estate brokerage sector out to public consultation, which will require agents to be registered and to pass an examination.
The Macau real estate sector has attracted real estate agencies from Hong Kong to Macau and led to the opening of several specialized companies, which will now be subject to regulation.
Posted in Condominium, Development, Macau News, Macau Property, Macau Real Estate No Comments »
