The value of retail sales for the fourth quarter of 2007 was estimated at MOP4.2 billion (US$525 million). Retail sales of watches, clocks & jewellery took the largest share of 17% of the total, which was followed by sales of motor vehicles (13%), goods in department stores (12%), goods in supermarkets (9%) and adults’ clothing (9%).

The value of retail sales in the fourth quarter of 2007 registered an increase of 16% compared with the MOP3.6 billion in the preceding quarter. As against the MOP3.0 billion sales in the fourth quarter of 2006, the value of retail sales in this quarter grew remarkably by 40%.

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Posted in Macau News, Macau Retail, Macau Tourism, Shopping No Comments »

After Lisbon, Luanda, Maputo and Praia, the capital of Guinea Bissau, Bissau could be the next step for Macau businessman Stanley Ho and his holding company Geocapital, created in order to invest in Portuguese-speaking countries.

The “king” of Macau and Lisbon’s gaming sector is focused on Caravela Island, in the Bijago’s archipelago, which is considered by UNESCO to be an Ecological Biospheric Reserve, where Ho wants to set up a tourist resort with a casino, according to the Africa Monitor newsletter.

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Posted in Construction, Economy & Business, Employment, Hengqin Island, Macau Property, Macau Real Estate, Shopping, eSun No Comments »

Here are snippets as reported by Bloomberg outlining the poor performance of shopping malls in China. Surely this is going to affect Macau as well and must send off warning bells to the developers planning shopping center here. Macau is China after all and most of the rules apply here as 60% of the visitors are mainland Chinese.

The world’s largest shopping center looked almost deserted on a recent afternoon. While schoolchildren rode the sidewinder and roller coaster, there were few shoppers and fewer tenants at South China Mall in central Dongguan, a city of six million north of Hong Kong.

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Posted in Economy & Business, Macau Business, Macau General, Macau Retail, Shopping No Comments »

Ahead of the 86,000 sq. ft. DFS (Duty Free Shoppers) store at the new Four Seasons in Cotai, Charles David, Managing Director of DFS Hong Kong urged the audience at the Asia/Pacific Travel Partnership Symposium to work together to promote Macau with one collective voice.

The challenges for Macau are in working out a promotional strategy, extending average lengths of stay and manpower, he said.

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Posted in Cotai Strip, Macau Business, Macau General, Macau Retail, Shopping, Social and Politics, Venetian Macao 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 »

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 »