Non-owners attracted amid New Neighbourhood sales open

Sales for Macau New Neighbourhood in Hengqin opened at 9 a.m. yesterday, attracting interest from individuals without current property ownership.

Several buyers or prospective buyers attended the application centers at both Macau and Hengqin yesterday morning either for queries or to submit applications.

Each apartment is priced between RMB2.41 million and RMB3.71 million, depending on its size, floor and location.

Some buyers arrived at the Macau application center as early as 8:30 a.m., public broadcaster TDM reported.

These buyers were mostly non-property owners. Some have unsuccessfully applied for Economic Housing units. Their preference for Hengqin stems from its perceived better living environment compared to Macau’s.

The main challenge for potential buyers revolves around commuting and border-crossing logistics.

Project developer, Macau Urban Renewal Ltd. (MUR), is offering various full decoration plans for buyers at different prices.

According to pictures released by the MUR, long queues were present at the Hengqin application center. Meanwhile, TDM reported that the first in the line arrived at the center 12 hours before the applications opened.

The MUR added that as of 3 p.m. yesterday, over 500 applications were received at the sales centers and through online applications.

In addition, to shorten and simplify sales procedures, applicants can now complete the application form and have the RMB100,000 initial deposit as well as all the necessary documents ready and submit them to the Hengqin sales center, where they can also choose the residential unit they want to purchase.

The MUR boasts ample facilities at the Hengqin project. For example, there are recreational and sports venues, in addition to green areas over 73,000 square meters, more than 36% of the total size of the land plot.

The project aims to provide a living environment and amenities such as internet access comparable to that of Macau.