Archive for the 'Property' Category
Melco PBL Are Betting Big In Macau
Monday, December 4th, 2006As this report by Glenda Korporaal from The Australian reveals, we always suspected something was amiss, as rumors were going around that Melco PBL had cost overrun and delays on the Crown Macau casino project. Crown Macau was slated to open November 2006. Also the land deal for City of Dreams with the Macau Government […]
Record Sales For One Central Residences Macau
Wednesday, November 29th, 2006Macau property sector must still going strong. Although prices are lower than in Hong Kong, One Central Residences Macau, still got an average of HK$4,400 per square foot. The 600 uncompleted units sold raised HK$5.2 billion or US$666 million. An average price of US$1,100.000, most of those unites would have been sold to speculators in […]
Shun Tak Sells One Central Residences
Wednesday, November 1st, 2006HONG KONG, Nov 2 (Reuters) - Shun Tak Holdings Ltd. said its property development unit had agreed to sell a residential tower in Macau to a financial services group in Iceland for HK$782.7 million (US$100.3 million) in cash.Shun Tak said in a statement the property unit, 51 percent owned by the company and 49 percent […]