Property

Multi-billion dollar compensation bill hanging over Joseph Lau

Hong Kong billionaire Joseph Lau Luen Hung will need to pay HK$12.5 billion in compensation to Chinese Estates if he loses his court battle with the MSAR Government.

Hong Kong businessman Joseph Lau Luen Hung will have to pay compensation amounting to HK$12.5 billion (US$1.6 billion) to Chinese Estates Holdings Ltd.

Home prices fall slightly in August

Total number of housing transactions increased 68.2 per cent year-on-year for the month.

Average housing prices in the city settled at MOP82,800 (US$10,350) per square metre in August, a slight decline of 1.5 per cent year-on-year, due to lower prices in Macau and Coloane - and despite in

Increased repair fund for housing

The Urban Renewal Committee has agreed to increase repair funds for low-rise housing buildings in the city.

The Urban Renewal Committee has agreed to increase the repair fund for the city’s low-rise housing facilities, especially those which are over 30 years old.

Mong Ha’s public tender re-opened

The Infrastructure Development Office (GDI) will re-open a public tender for the suspended construction contract of the Mong Ha Social Housing Phase 2 and the reconstruction of the Mong Ha Sports Pavi

Not so Forever 21

Future Bright Managing Director, Chan Chak Mo, says that he can only provide information on the termination of the rental contract by clothing retailer Forever 21 with a subsidiary of Future Bright up

Rosário: No detailed plan without a general plan

Urban Planning Committee members doubt the former Court Building is the best location for the Central Library.

The Urban Planning Committee members have a number of doubts as to whether the former Court Building on Praia Grande in the city centre is the best location for the Central Library.

Commission of Audit Roasts DSSOPT

MOP4 bln (US$500 mln) in rent. MOP1.03 bln in renovations. Etcetera. The Commission of Audit was not impressed. On how much the Macau Gov’t has spent on office accommodation from 2004 to 2014.

The Land, Public Works and Transport Bureau (DSSOPT) of the MSAR has been slammed by the Commission of Audit (CA) for its lack of effort in reducing costs originating from rental and renovation works

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