Macau People Go for Large Zhuhai Flats

Recently, Centaline (Macau) organised some group tours to the display flats of the Lv Yang Villa, attracting nearly 300 people. According to Zheng Xu, the Executive Director and General Manager of the Zhuhai Huafa Property & Marking Consultancy Company, Macau people tend to go for large flats in Zhuhai. 100 m² flats with a partition of three bedrooms and two living rooms were sought after in 2004. 150 m² flats featuring four bedrooms and two living rooms became what Macau people desired in 2006. The buyers, the majority of whom are university professors, public servants and police officers, go house-hunting in Zhuhai because prices of similar properties in Macau remain sky-high and there is a lack of large-scale community facilities.

According to Wong Kwok Kei, the Manager of Nova Gardens Branch, Centaline (Macau), those who went on the tour were mainly high-end property buyers and investors. Some of the buyers fancy large, quality flats featuring full sea-views with good, green gardens and privacy. While properties like that are a rarity in Macau due to the scarcity of land, the Huafa’s Lv Yang Villa can meet all the aforementioned requirements, be it the location, the view or the size. It is therefore of great appeal to buyers who demand quality living. As the convenient transportation appears to be a good value-added factor for the Huafa project, some Macau investors who have already invested in Zhuhai property planned to capture the opportunity to replace their current investments with large flats of higher quality.

At an earlier time, a flat at the Lv Yang Villa was marketed at a minimum price of some MOP6 million. Before the project was on the market, 80 transactions had been registered in private sales. Rico Kwok, the Managing Director of Centaline (Macau), revealed that Huafa had good word-of-mouth publicity as its housing projects in Zhuhai have never been left uncompleted.