February 23, 2008Local legislator and president of CAA City Planning and Engineering Consultants, Jose Sai-Peng Chui, presented diagrams showing how new land developments earmarked for urban development were switched to almost 100 per cent hotel and gaming use.
Posted in Infrastructure, Macau Casino, Macau General, Macau Government, Macau Real Estate, Social and Politics 
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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 17, 2008There could be significant progress to the Hong Kong-Macau-Zhuhai Bridge project this year, indicated a Hong Kong businessman who is one of its initiators.
Gordon Wu told media in Hong Kong and Macau that the plan has entered into a ‘national infrastructure’ stage, and the Beijing State Council’s National Development and Reform Commission (NDRC) will head the project.
Posted in Construction, Economy & Business, Infrastructure, Macau General, Macau Property, Macau Tourism 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 »
February 12, 2008Lawmaker Lee Chong Cheng called on the government to cut down the rising price of housing estates and prevent the housing bubble bursting in Macau. In his written interpellation, Mr Lee asked the government if there was any microeconomic plan to halt the crisis of the burst of the housing bubble, insisting on knowing what the government will do in order to minimise setbacks in the economy and finance markets, should the bubble actually burst.
Mr Lee said in the interpellation that when looking at the the supply and demand of the housing in Macau nowadays, “the bubble is obviously appearing.” The growth of the Gross Domestic Production (GDP) in Macau was up more than three percent in the last year, the average growth of the last five years also climbed up two percent, under the robust growth of the gaming industry, he added.
Posted in Macau Business, Macau General, Macau Government, Macau Real Estate, 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 »
January 26, 2008The British Business Association of Macau (BBAM) opened a representational office in Macau Thursday that aims to be the “starting point” for new business opportunities and provide support for the British business community.
Henry Brockman, the chairman of the association, said that there were currently some 40 British companies in Macau, or which had string business interests in the United Kingdom, with main areas of activity being telecommunications, aviation and real estate.
Posted in Economy & Business, Macau Business, Macau General, Macau Property, Macau Real Estate No Comments »
January 14, 2008Following our earlier reports comes some good news that the Macau Government is finally considering to review the construction and planning situation around the 90-meters high Guia Lighthouse.
The UNESCO’s World Heritage Centre recently send a letter to the Chinese national Commission raising serious concerns about it’s heritage status and the heights of two new developments surrounding it.
Posted in Construction, Development, Guia Lighthouse, Macau Heritage, Macau Real Estate, Social and Politics No Comments »
