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Only one-third of flats sold in Macau New Neighbourhood project

More than a year after the sales launch, just 34 percent of the 4,070 flats at the Macau New Neighbourhood project in Hengqin—exclusively for Macau residents—have been sold, according to the latest annual report from the developer.

Macau Urban Renewal Limited (MUR), a Macau government-owned entity, said in the 2024 annual report of its Hengqin subsidiary—published this week—that 1,388 flats had been sold as of end-2024, since the sales campaign began in November 2023, with more than 2,500 residents already having moved into the complex.

Uptake for parking spaces in the project has been even slower. Of the 3,973 car parking spaces released to the market in May 2024, only 462 units were sold by the end of 2024, representing just 11.6 percent of the total.

Read more in Macau News Agency

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