Daughter of the King of Gamblers: Macao Real Estate Support no longer follow Hong Kong's footsteps

Xinhua Beijing, December 7, according to the Macao Daily reported that Hong Kong property has been the target of the Macao market, the IMF last week to promote Hong Kong monetary tightening, repression of the property bubble. Across, managing director of Shun Tak Group in Macau, believes there is no such worry. In recent years, Macao has its own market positioning, market cycle, should not hold this view (that is, Hong Kong is the target of Macao).　　At the same time, Macao Real Estate has been out of the financial tsunami, is a good beginning, but also hope that the Macao market do not suddenly rapid development. The IMF said Hong Kong's real estate bubble, Macao's real estate market has always been the same, Ms.　　such as Lake one, the world's worst, the group's early worries, as a lot of work and with the Macao bank to negotiate co-ordination, the final completion of 99.5% of the transaction and can be occupied to confirm the Macao market support.　　In the past, Hong Kong's real estate industry in Macau construction prices do have a leading role, but should not hold this view, in recent years, Macao has its own positioning, its own balance of the market, with its source of customers, market cycles, land supply, the positioning of developers and investment, as real estate developers, I believe that Macao is easier to do. The impact of the financial tsunami on Macao's real estate market is now a good start, and Ms Ho does not want Macau's sudden rapid growth, which has no effect on long-term investors.　　She also hopes that the market can be established gradually, and it is certain that the Macao market still has room for development. Shun Tak completed the lake, now only the fourth block earlier than the Icelandic fund tart set has been bought back, the future co-ordination of the interior decoration, and then slowly to the market to sell. As for future plans, Ms Ho believes it is now a good time to push ahead with other property projects, such as the South Bay Lake Project, which has been submitted to the HKSAR Government for approval. After opening the one square, more retail experience, the future will introduce a more diversified retail elements.