The concessionaire will partner with the government on the addition of a cycling park, ice rink, and performance venues to a site that was already partly refurbished earlier this year.
City
The government is partnering with SJM in the latest in a series of collaborations with gaming concessionaires to gentrify older parts of Macao.
Most of the units have two bedrooms, but prices for the newly built flats will not be disclosed until the fiercely competitive selection process has started.
Visitors are being asked to go online to check the flow of people at tourist attractions and border checkpoints as they plan their trip.
The temporary pedestrianisation will make room for art exhibitions and a night market in the hopes of boosting business in the area.
This year, data shows more rain fell on Macao between June and September than it had during any summer since 2008.
Macau Urban Renewal Limited is optimistic that an 80 to 90 percent loan-to-value ratio will be possible for prospective buyers who need a mortgage for the Hengqin development.
Authorities have already promised to add 300 more taxis to the city’s fleet. Demand might see that number grow to 500.
Officials say cooperation with local banks to halt suspicious transactions has shown some success, but warn the public to stay vigilant.