Around 4,000 two-bedroom and three-bedroom units will be available to qualified buyers, with an estimated price of 33,480 patacas per square metre.
General market recovery expected this year, however real estate executive warns ‘situation will not improve overnight’.
For now, the sprawling residential development in Hengqin lacks the facilities to attract much interest, analysts say.
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.
Macao residents to be given priority to buy the 4,279 two- and three-bedroom flats on Hengqin; under mainland China rules, ownership expires after 70 years.
Innovative Hengqin livelihood project will echo Macao’s architecture, with 4,000 residential units, plus schools, health centre and first-rate public services.
More than 4,000 flats, integrated with education, health and social services, act as trophy project for Guangdong-Macao Intensive Cooperation Zone.
