Real estate investors plot big returns on Hengqin

2013-9-13

From：Macau Business

Big returns on investment is the pitch from Gemdale Corp as it starts selling a second phase of low-density office development on Hengqin Island.

Our sister publication Business Daily reports that the Shanghai-listed developer is selling offices in at The Doorway for 800 yuan (MOP1,037) a square foot and upwards.

A sales representative told the newspaper that most Macau buyers were landlords interested in profiting from the island’s development.

The 88,000 square metres covered by the second phase has 96 office blocks, each containing between 180 square metres and 1,600 square metres of office space.

The development, in the island’s Shizimen central business district, will eventually cover 700,000 square metres.

Copyright@Macau Business