Shun Tak Holdings has said that more than HK$6 billion(US$770 million) has been generated from sales of One Central Residences, the company's joint-venture luxury residential project in Macau with Hongkong Land. About 90 percent of the apartments have been sold, the company said. Some units sold for as much as HK$6,300 psf. One Central Residences, which has 796

The Macau government put its proposal for a law to regulate the real estate brokerage sector out to public consultation, which will require agents to be registered and to pass an examination. The Macau real estate sector has attracted real estate agencies from Hong Kong to Macau and led to the opening of several specialized companies,

The value of property in Macau is high compared with what locals have been used to but is still in line with the region, said the asset and liability general manager of the Bank of China Macau branch yesterday. "We can no longer just look at the local situation, we are now part of the international

Investor Update Fourth Quarter 2007 Quarterly Highlights * US$43.1 million in new acquisitions announced * 101% of Company's equity now committed * Continued price appreciation in Macau residential property * Positive Macau Government Policy Address * Opening of prestigious MGM Grand Macau Fund Overview In October, the Company announced the successful acquisition of its fourth major property (Property 4) bringing to a close

In Macau there were 11,274 real estate sale and purchase contracts with a total value of MOP12.09 billion were made in the first three quarters of 2007, up by 14.0% and 42.0% respectively year-on-year. In the third quarter of 2007, a total of 2,878 real estate sale and purchase contracts were made, involving the transaction