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The assets are predominantly located in the districts of Rua dos Ervanários—adjacent to the iconic Ruins of St. Paul’s—and Pátio de São Lázaro. These old neighbourhoods have been the focus of recent urban revitalisation efforts by the Macau government and other stakeholders, aimed at easing tourist congestion at traditional hotspots.
According to a notice published by the Macau Court this month, the properties will be auctioned in two rounds scheduled for 15 and 18 July. Proceeds from the sale will be used to repay debts owed by Chiang to over 200 creditors. The details of the auction were first reported by Portuguese-language daily Hoje Macau on Thursday.
Read more in Macau News Agency
