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.
MUR
With the development’s final survey to be completed next month, the units can be put on the market slightly earlier than expected.
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.
Prefabricated components, such as walls and floors, are currently being installed, with 27 residential towers and school buildings expected to reach topping-out in December, while entire project scheduled to finish in second half of 2023.
Accident took place in Xiangshun Road near Macao New Neighbourhood project; authorities in Hengqin investigating.
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.
Bases are part of a 4,000 residential unit site that is due to be completed by 2023.
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