Over 250 real estate, tourism, banking and finance specialist are due to meet at the 2nd Annual Investment forum to be held in Macau on April 26 and 27 to discuss the present and future of the Macau economy, the meeting’s organizers said.

“This year’s Forum will discuss the factors that will determine the future of Macau as an international investment center,” said Institutional Investor Conferences (IIC), the international organization responsible for the meeting.

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Posted in Infrastructure, Lawrence Ho, Macau Business, Macau Gaming, Macau Retail, Macau Tourism, Social and Politics No Comments »

Underpinned by sustained property demand amid the strong economic growth, the Macau property market continued to grow in 2006.  Both the office and residential markets registered growth in capital values and rentals, while the retail property sector is taking shape to a more sophisticated landscape, says Jones Lang LaSalle at its Macau Annual Property Review for 2006 today.

During 2006, Macau’s GDP expanded by 15%, after a 6.7% growth in 2005.  Fixed asset investment and exports of services were the key drivers, which grew by 46.5% and 13.8% respectively.  With a more promising labour market and higher income levels, particularly those engaged in the gaming industry and for the young generation, private consumption expenditure increased by 7.6% in 2006.

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Posted in Condominium, Construction, Cotai Strip, Infrastructure, Macau Business, Macau General, Macau Property, Macau Retail, Macau Tourism No Comments »

The early Ming glazed copper-red pear-shaped vase, Yuhuchunping, produced during Emperor Hongwu’s reign (1368-1398), to be donated to the Macao Special Administrative Region in this ceremony, was purchased at a Hong Kong auction in May last year by Mr. Steve Wynn, Chairman of Wynn Resorts (Macau) S.A.. Costing approximately 78 million Hong Kong dollars, this extremely rare Chinese porcelain will be exhibited as part of the permanent collection of the Cultural Affairs Bureau’s Macao Museum.

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Posted in Construction, Design & Construction, Macau General, Macau Heritage, Macau Retail, Macau Tourism, Steve Wynn, Wynn Macau, Wynn Resorts No Comments »

Project Will Be Region’s First to Integrate Television and Film Production with World-Class Retail, Gaming, and Resort Properties.

Macao Studio City, Asia’s first leisure resort property combining theatre, television and film production facilities, and Studio Retail(TM), with gaming, entertainment and world-class hotels, was officially launched at a groundbreaking ceremony in Cotai, Macao, on January 11, 2007.

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Posted in CapitaLand, Design & Construction, Development, Macau Casino, Macau Gaming, Macau Property, Macau Retail, Macau Studio City, Macau Tourism, Shopping No Comments »

After two failed attempts to win a casino licence in its home country, local property giant CapitaLand has leapfrogged into Macau — Asia’s gambling heaven — with a deal in its pocket.

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Posted in CapitaLand, Design & Construction, Development, Macau Business, Macau News, Macau Property, Macau Retail, Macau Studio City, Shopping No Comments »

Macau is set to host Asian real estate exhibition EXPO REAL ASIA, on December 5 and 6, at the Macau Tower Convention & Entertainment Centre.

EXPO REAL ASIA will be an international trade event which brings together key professionals involved in all aspects of the international property development and investment cycle. This includes key organisations and governmental authorities, city planners, architects, designers, developers, construction and engineering companies, corporate end users including retailers, hoteliers and major institutional investors and financiers.

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Posted in Condominium, Construction, Design & Construction, Development, Economy, Exhibition, Macau Business, Macau Events, Macau General, Macau Property, Macau Retail, Macau Tourism, Shopping No Comments »

I just did some numbers counting, expected cost of Cotai Strip project about US$11 billion. So profit projection from sales are US$7 billion to US$16 billion. To me in in reality this could be either a loss of $4 billion or a profit of $5 billion, this is a huge plus/minus spread of $9 billion. I really like to know who does the calculations here, as this in my book a little bit confusing and the numbers really don’t stack up!

Source Reuters | Las Vegas Sands Corp. (LVS.N: Quote, Profile, Research), the world’s largest gambling company by market value, could raise more money than it plans to invest on its Cotai Strip development in China through the sale of apartments and retail space, its chief operating officer said on Friday.

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Posted in Condominium, Cotai Strip, Development, Las Vegas Sands, Macau Business, Macau News, Macau Property, Macau Retail No Comments »

An excellent article by one of Australia’s top journalists Glenda Korporaal from The Australian, who recently interviewed Pansy Ho. I think Pansy is spot on, Macau’s casino market will become saturated as 40-50 casinos will be just too many. The fact remains that 95% are Chinese gamblers and some 35,000 mainland Chinese visit on daily border trips.

So they will have to find other ways to attract the punters and get them to stay longer, so they will need to create interesting activities to keep them coming. Mind you they are already trying with ventures such as Hard Rock Hotel, Elvis Presly Shows, Playboy Club, Planet Hollywood, but what about some popular Chinese concepts. Let’s face Hong Kong’s Disneyland is not faring all that well!

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Posted in City of Dreams, Cotai Strip, Crown Macau, Entertainment, Hard Rock Macau, James Packer, Macau Business, Macau Casino, Macau Gaming, Macau Retail, Macau Tourism, Melco Crown, STDM | SJM, Shopping, Stanley Ho, Venetian Macao No Comments »