Although the apartments are not available for sale yet, interest in the 27-block development has been growing.
Business
No other airlines can establish bases in Macao until the new law liberalising the SAR’s civil aviation sector is enacted. That had been slated to happen this month.
If the final two months of the year manage to bring in five million visitor arrivals, Macao’s total for 2023 will surpass 27 million.
Waits of 3 to 7 days will be a thing of the past as Hong Kong’s largest ecommerce platform prepares to introduce a next-day delivery service.
The bill also proposes raising public servants’ salaries and continuing the annual cash handout to residents.
The ambitious target has been laid out in Macao’s latest five-year plan, but could prove challenging given gaming’s enormous contribution to the economy
Weaning Macao off the mainland gaming market will cost money. The government has suggested a figure of 235 million patacas.
The latest figure reflects the gaming bonanza brought about by October’s “golden week” holiday, when the city welcomed almost a million visitors.
Down more than 10 percentage points month to month, Macao’s hotel occupancy rate for September was back where it was near the start of the year.