Residential project in Guangdong-Macau Zone to finish late 2023
The Macau New Neighbourhood project combines residence, education, health, and social services
By August 2023, the Macau New Neighbourhood project in Hengqin should be complete, reported by Macao News.
The project combines residential units with education, health, and social services.
Developed by a subsidiary of Macau Urban Renewal Limited (MUR), the Macau New Neighbourhood has 4,000 flats for Macao residents and 205 for qualified professionals.
Moreover, the project was designed to promote the Guangdong-Macao Intensive Cooperation Zone.
More: Macau resumes land auctions to ease the high-priced property market
Construction began in late 2020, and progress on the two- and three-bedroom units has rolled out quickly as contractors use pre-fabrication practices and materials, said MUR.
Piling will be finished this year, while contractors will concentrate on the main buildings, fitting-out, roads, and greening beginning in January.
The Property Report editors wrote this article. For more information, email: [email protected].
Recommended
Rental markets surge in Asia as digital nomads find new opportunities with visa reforms
As countries in Asia roll out customised visa programmes, rental markets are thriving with the influx of remote workers
China’s hospitality market thrives as developers sell off assets to spark recovery
China’s indebted developers are divesting hospitality assets to generate growth and enhance the outlook of the country’s real estate market
Meet the Bitkub CEO turning real estate on its head with cryptocurrency and tokenised ownership
Jirayut “Topp” Srupsrisopa, CEO of Thai crypto exchange Bitkub, is a true believer in the potential of digitised finance
6 sights to spot in Jardine’s Lookout, Hong Kong
With its sumptuous harbour vistas, this low-density area is one of the most sought-after in Hong Kong