Only 14,000 new homes on Hengqin due to hit market

2014/9/19

From:Macau Business

An estate agency says only about two-thirds of the 20,000 homes it expects to be completed on Hengqin Island by 2017 will be put on the market, Business Daily reports.

“About 6,000 of them are dormitory units owned by enterprises, to be reserved for their staff,” the newspaper quotes Jones Lang LaSalle (Macau) Ltd’s associate director of strategic consulting, Alvin Mak, as saying.

“So, from the residential projects that we see on the island, there are only about 14,000 saleable units in the pipeline.”

Mr Mak said most would be in the Shizhimen Business District and in the Integrated Services District on the border with Macau.

Copyright@Macau Business