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Macau: Eighteen Hotels Under Construction in Q2 Says DSSOPT

MACAU: According to the statistics released by the Land, Public Works and Transport Bureau (DSSOPT)  there were 18 hotel projects under construction in the 2nd quarter of this year. Of the 18 projects, nine of them


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19 Building Plans Approved in June

The Buildings Department approved 19 building plans in June three on Hong Kong Island, two in Kowloon and 14 in the New Territories. Eight were for apartment and apartment-commercial developments, seven were for commercial developments, and


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Construction on E1 reclamation zone going ahead in early 2015

The Infrastructure and Development Office played host to the opening of the tender process for the construction of the E1 reclamation zone with eight bidders submitting their proposals. The project would begin by the start of


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MGM to construct mansion and sky lofts in Cotai

Last week, MGM China stated that its Cotai construction “is moving along at full steam.” Yesterday, the Group’s Chief Executive Officer and Executive Director, Grant Bowie, revealed the master plan for MGM’s Cotai project. The MGM


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Secretary Lau Si Lo promises all available land for construction of residential buildings

During yesterday’s Legislative Assembly (AL) plenary session, several lawmakers presented verbal enquiries regarding local housing issues.  They also attempted to elicit a promise from the Secretary of Transportation and Public Works, Lau Si Io, that the


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China state moves into 21.7% year-on-year growth.

The Group recorded an accumulated new contract value of HK$38.77 billion in the seven months ended 31 July 2014, representing a Year-on-Year (“YoY”) growth of 21.7%, and hence achieved a 70.5% completion of the full year


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Cheung Kong development profit increased 22% to HK$4.7b in 1H14

Cheung Kong development has seen a substantial increase in profit, meanwhile Its net rentals have decreased. In1H14, Cheung Kong’s development profit rose 22% y/y to HK$4.7bn but was lower than the estimated HK$5.2bn.Of the HK$4.7bn development


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Macau Gov’t holding up development of new Cotai resorts

Gaming operators are facing challenges in developing their new casinos and hotels due to the government’s cumbersome licensing regulations. Some new casinos and hotels only hold construction licenses to carry out earth or foundations works.  Wynn


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Construciton gets underway at Central Taipa LRT Station

The construction of the Light Rapid Transit (LRT) Pai Kok Station on the Estrada da Baía de Nossa Senhora da Esperança in central Taipa will commence today.  The announcement was made earlier by The Transportation Infrastructure Office


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Environmental impact of future Macau-Taipa passage to be analysed

Consultation regarding the environmental impact on the ocean caused by the construction of the fourth Macau-Taipa passage and the underwater tunnel between the future reclamation areas Zone A and B was addressed yesterday by a public


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