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
6 reasons why Bang Na is Bangkok’s hidden gem
This Bangkok enclave flaunts proximity to an international airport, top schools, and an array of real estate investment options
AI transforms Asia’s real estate sector: Enhancing valuation, customer interaction, and sustainability
From property valuation to measuring sustainability, AI is impacting nearly every aspect of Asia’s real estate industry
Bangkok’s luxury real estate flourishes amid economic challenges
New luxury mega projects boost the top end of Bangkok’s market, but stagnancy reigns elsewhere due to weak liquidity and slow economic growth
Investors shift focus to suburban and regional markets as Australian urban housing prices surge
Investors are gravitating to suburban areas and overlooked towns as Australia’s alpha cities see skyrocketing demand and prices
