For now, the sprawling residential development in Hengqin lacks the facilities to attract much interest, analysts say.
Greater Bay Area
Rules aim to bridge differences between Macao and mainland China and speed up development of Hengqin.
Scheduled to open next September, Cotai-Hengqin LRT Line will connect Macao with Zhuhai Airport via express train from Hengqin Island in 30 minutes journey.
Stays limited to 30 days, and no more than 180 days per year; applications take about 10 days to process; estimated 80,000 Macao cars eligible.
More than 4,000 units, including 200 specifically for qualified professionals, due to go on the market in Macao’s specially designed ‘home away from home’ in GBA.
Exhibitors from around the world will be putting state-of-the-art equipment on show, while aerobatics teams will stage dazzling aerial displays.
Ho calls for innovative ideas, wants to press ahead with Hengqin and Macao’s integration, put master plan into practice and incentivise executive committee.
Tertiary industries performing well, particularly finance, increasing in value by US$1.2 billion, a year-on-year growth rate of 11%.
MOP 3.5 billion, 2.2-kilometre, two-station line now 49% complete; one-way journey to take around three minutes.