Wednesday, 11 June 2008

Speymill Macau agrees US $132 million residential deal

Speymill Macau Property Company it had struck a $132 million deal to forward-fund the development of an upmarket residential building in Macau. The company has agreed to buy 259 units in the project from local developer Companhia de Construcao e Investimento Ho Chun Kei Limitada. These units are due for handover in 2010 (With units ranging from approximately 870 square feet gross floor area for 2-bedroom units to approximately 1,300 square feet gross floor area for 3-bedroom units, The development will consist of 4 towers). 30% of the total consideration is to be settled immediately with the rest payable upon completion.

"We remain confident in the demand for modern housing units in a supply-constrained economy that is growing its labour force very rapidly," said by director Peter Churchouse.


duarte said...

hi,a big hug to Macau,great blog,nice work you make hier,congratulations................greetings from switzerland

seemacau said...

Thanks for the comment, and don't forget to come back often !!