Mainland interest in Macau picking up

Mainland developer Jiayuan International Group Limited has reached an agreement to acquire two plots in Taipa. For US$449.29 mln ‘in cash’. From local company San Kin Tai Property Development.

Chinese property developer Jiayuan International Group Limited has signed an agreement to acquire two plots of land in Macau for HK$3.51 billion (US$449.29 million) ‘in cash’ from local company San Ki

Well-to-do neighbours

The profit from Zhuhai Holdings Investment Group Limited for the fist six months of this year increased 30.5 cent year-on-year to reach RMB25.13 million

Shipping and property conglomerate Zhuhai Holdings Investment Group Limited registered RMB25.13 million (MOP30.6 million/US$3.8 million) in profit for the first half of the year, 30.5 per cent year-on

Former Red Cross site languishes in Sai Van

The former home of the Macau Red Cross overlooking Sai Van Lake is still closed

The Red Cross, a relief and humanitarian organisation, left the premises (pictured) it had occupied in Sai Van Lake since the 1990s over a year ago, according to information provided to Business Daily

Back in the clear

Shun Tak Holdings registered HK$699.3 million in net profit in the six-month period ending June 30 of this year, with the company announcing that 45 per cent of the units offered for pre-sale at its N

Shipping and property conglomerate Shun Tak Holdings Ltd registered net profits of up to HK$699.3 million (US$89.3 million) for the six-month period ending June 30 of this year, according to a company

Shipyards on stand by

The Cultural Affairs Bureau is assessing the damage to the shipyards in Coloane, pledging it will carry out structural tests and reinforcement works again once the winds calm down and the area is safe

The complete destruction of one of the shipyards in Lai Chi Vun in Coloane village was officially confirmed to Business Daily by the Cultural Affairs Bureau (IC) last Friday.

Unready, unsafe

Foreign visitors caught up on the typhoon which hit the city on August 23 spoke to Business Daily about their experiences and perception of the handling of the disaster by the local government

In the aftermath of Typhoon Hato, destruction was evident throughout the city, with opinions about the government’s response to the disaster less than flattering from the perspective of foreign visito

Shipyards are history

Coloane Village was struck hard by Typhoon Hato on Wednesday, with one of the shipyards completely destroyed.

One shipyard in Coloane “collapsed”, while two others are “in danger of falling anytime” [pictured] the President of the Lai Chi Wun Villagers Association, David Pinto Marques, told Business Daily yes

Property transactions point to a healthy realty sector

Official figures released by the Statistics and Census Service (DSEC) yesterday showed that transactions of building units and parking spaces increased remarkably in the last quarter

The DSEC reported that a total of 4,589 building units and parking spaces were purchased and sold in the second quarter of 2017 as per Stamp Duty records.

Homeless, for now

The Ox Warehouse has found a partner in the private sector to provide it a physical location in order to hold its artistic activities in the coming year, but will spend several months without a proper

The Ox Warehouse, a local art space and association, has struck a deal with a partner from the private sector to secure a place to hold its artistic activities starting April 2018, according to inform

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