Property | Hengqin expected to be popular in the fourth quarter

Jacky Shek, senior director, and Roy Ho, director of Centaline (Macau) Property Agency Limited, predicted during a press conference this week that in the fourth quarter of 2016 more Hong Kong and Macau investors will invest in Hengqin’s property in response to Zhuhai’s implementation of new restrictions on the purchasing of properties.
Shek informed that some local developers will launch new projects in Macau. However the realtor explained that the developers will not be commercialized all at once. Developers will only start more projects depending on their sales situation at the point of when the project commences.
“I suppose six to eight projects will be launched [in the fourth quarter],” said Shek, adding that these projects are expected to lead to a rise in the market.
The senior director also pointed out that currently, the “property market is at a healthy stage.”
Regarding housing prices, the two realtors expressed the belief that the price will increase slightly in the fourth quarter. However, Ho further remarked that the price increase “might occur at the end of this year or in half a year.”
“Whether in Hengqin or in Macau, few projects are ready for sale or being prepared to be ready for sale,” revealed Ho. “Depending on the investors, they might come onto the market at the end of this year, or next year. It is difficult to tell the number of increases.” Julie Zhu

‘Getting to know the Archaeology of Macau’ on Sunday

Archeological remains in Coloane

The activity “Getting to know the Archaeology of Macau” will be held on Sunday as the centerpiece of the Cultural Heritage and Archaeology in Macau exhibition, which will feature an introductory presentation on archaeology and a visit to an archaeological site.
The presentation held in Carmo Hall (Taipa) will introduce the field of archaeology, the archaeological works conducted in Macau and how archaeological heritage is protected by the Cultural Heritage Protection Law.
The presentation is followed by a site visit to the Museum of Taipa and Coloane History and its archaeological site, so as to increase the public’s awareness and understanding on archaeological work.
The activity is divided in two sessions: a session in Chinese to be held from 10:30 a.m. to 1 p.m., and a session in English, to be held from 3 p.m. to 5:30 p.m.
Organized by the Cultural Affairs Bureau, admission to the exhibition is free and participants aged 14 and above are welcome to join.