One Central Residences Macau

[one grantai]

had a swin in your pool and a looked around at facilities of your club house. I think it is grander than recreation facilities of most of the 5 star hotels in HK, and the hotels in Macau bar the Wynn, MGM, Four seasons.

The overall builder, the podium, view gives me an impression the price than should be much higher than what it is fetching now.

Good luck, you guys

[one grantai]

had a swin in your pool and a looked around at facilities of your club house. I think it is grander than recreation facilities of most of the 5 star hotels in HK, and the hotels in Macau bar the Wynn, MGM, Four seasons.

The overall builder, the podium, view gives me an impression the price than should be much higher than what it is fetching now.

Good luck, you guys

[pearl river]

I hear different stories. Bad constuction, details in the apts breaking off, too small gym and no-english speaking staff falling asleep on the job

[FourSeasons]

Originally Posted by pearl river

I hear different stories. Bad constuction, details in the apts breaking off, too small gym and no-english speaking staff falling asleep on the job

It is better if you take a look at the site yourself rather than listening to those "stories".

[pearl river]

its actually a family member of mine so I can tust him. furthermore i will pass by myself and take some pictures of any defaults, hao bu hao

[FourSeasons]

Originally Posted by pearl river

its actually a family member of mine so I can tust him. furthermore i will pass by myself and take some pictures of any defaults, hao bu hao

I am not saying there is no defects. But the overall comment on this project has been impressive. Your family member is an unfortunate isolated case. So my advise if you take a look yourself, look at the overall ambience, quality, views, and compare with other projects. Of course, if you insist on carrying a camera to target on some defects, I am sure you will succeed. That will happen in every project, trust me.

[malonie]

Originally Posted by drbubb2

We got a call from a very-depressed Estate Agent in Macau.

She said that things had gone very quiet and nothing is selling now.

Latest on this one?

[pearl river]

OK, I will

This for real - from centaline macau transactions records, anybody can confirm this!!!!!!

壹號湖畔7座高層C室 2,269 $24,959,000 11,000 psf
壹號湖畔4座低層A室 2,326 $14,607,280 6,280 psf
凱泉

[daisukec]

image hosted on flickr

lisboaaaaaaaaaaaaaa!!!

[pearl river]

One Central BK 7 , M/F , unit B 1,272 $6,500,000 5,110
One Central BK 5 , H/F , unit B 2,332 $16,324,000 7,000
One Central BK 5 , H/F , unit B 4,371 $52,452,000 12,000
One Central BK 5 , H/F , unit A 2,318 $16,226,000 7,000
One Central BK 5 , H/F , unit A 4,669 $56,028,000 12,000
One Central BK 2 , H/F , unit K 4,623 $46,230,000 10,000

[MacauVillager28]

Have heard Mandarin serviced apartments to go on sale today, 47 units, size from small (I think 600 sf) to 5000 sf.
Expected prices said to be 10-12k psf.

[FourSeasons]

Originally Posted by MacauVillager28

Have heard Mandarin serviced apartments to go on sale today, 47 units, size from small (I think 600 sf) to 5000 sf.
Expected prices said to be 10-12k psf.

I was told the sale will be launched in December though prospective buyers are reviewing the show plan now.

[MacauVillager28]

General Information
No. of Floors: 15 (From 26/F to 40/F)
Total No. of Units: 92 nos.

Floor to Floor Height: approx. 3.3 m (10.8 ft)
Clubhouse and Landscape Area: Clubhouse approx 50,000 sq.ft. & Landscape Garden approx 68,000 sq.ft.

Approx. Gross Floor Area (sq.ft.)
36 Apartments
695 - 765 Studio
1,041 – 1,114 1 Bed

56 Residences
1,390 – 1,528 2 Bed
2,565 – 3,020 3 Bed Duplex
3,340 – 3,383 3 Bed Duplex
3,005 – 3,208 4 Bed Duplex
3,086 – 3,487 4 Bed Duplex
4,957 4 Bed - Triplex

[MacauVillager28]

Shun Tak does not fear new property rules
10/11/2010 03:00:00 Alexandra Lages in Hong Kong

‘Due to the demand of residential units in Macau, if the Government decides to put a ceiling on the construction industry the prices will skyrocket,’ Pansy Ho said

Shun Tak Holdings is not concerned about the impact of the new set of rules recently launched by the Macau Government to curb the property market speculation.
The company’s deputy managing director, Daisy Ho, told reporters yesterday that despite the package of measures announced by secretary for Transport and Public Works, Lau Si Io, the property market in Macau is quite stable and there is still room for the property prices to go up in a healthy way.
“Those are obviously precaution measures. They [the Macau Government] want investors to be precautious,” she pointed out.
“Still, compared to Hong Kong, the supply of residential units in Macau is much less. So I see room to improve.”
Pansy Ho, managing director of Shun Tak, shares Daisy Ho’s point of view. Macau’s property market will not be affected by the new measures, at least until there is a balance between the demand and the supply, she said.
Pansy Ho also said that at this point in time, due to the demand of residential units in Macau, if the Government decides to put a ceiling on the construction industry the prices will actually skyrocket.
Furthermore, Robert Wong, executive director of Hong Kong Land, a partner of Shun Tak in the One Central project in Macau, believes that “no Government would launch measures that would provoke drastic changes in the market.”
If the property market grows 10 to 20 percent in one year, it is a “very much orderly appreciation of prices,” he added. According to the executive, everything will be fine if the property market grows in line with the Gross Domestic Product.
Wong was talking at the press conference to unveil the residences and apartments at Mandarin Oriental, which are included in the One Central project. Yesterday, Shun Tak Holdings and Hong Kong Land celebrated the completion of their jointly developed mix-use complex and launched the service apartments.
Located on the 15 floors immediately above Mandarin Oriental hotel, the 92 units cover a total gross floor area of 165,000 square feet.
According to Daisy Ho, the price range reference of the units will be HKD 10,000 per square foot. However, the timetable to launch sales is yet to be confirmed. “It depends on how the market responds to this project,” Wong added.
The companies are expecting for half of the residences to be bought by people from Hong Kong and mainland China. Shun Tak’s managing director stressed that currently One Central is the only project using strata-title in Macau, which is an advantage.
“Right now there isn’t another project in the market that actually can compete in terms of location, as well as quality. Besides, we are the only serviced apartment in Macau managed by a luxury brand hotel enterprise,” Pansy Ho added.
During her speech, she stressed “Macau has proven its resilience and immense potential in 2009 and 2010. Its property market has been experiencing healthy and encouraging growth backed by solid demand.”
Asked if the company has already got approval from the Government for the Harbour Mile project, she told they are still waiting. Harbour Mile is set to be built on a site near Macau Tower and Convention Centre, including signature brand retail, hotel and a range of residential options. However, the whole area is going through a consultation phase before the Government decides which path to follow.
“After the Policy Address, I believe that there will be a more crystallised idea in the future on how the Government will approve certain projects.

[FourSeasons]

Transaction prices of the units at One Central seemed to have rallied 10-15% since the Chinese New Year.

[one grantai]

since after the CNY, it seems there are more willing buyers in the market, that is true, also your ONe Central owners seem to have put asking prices from low 6 to 7, to high 6 to 8. But transaction seem to have slowed, right?

Maybe the galaxy openning will have a positive effect , though I doubt it will produce the same bang and the Venetian Cotai in 08/07.

[pearl river]

Property fund sells units at One Central

Posted: 5/4/2011 3:49:54 PM Excellent! Very Good Good Fair Poor Rating: 0% ( votes)

Macau Property Opportunities Fund Limited (MPO), managed by Sniper Capital Limited, announced that it has agreed on terms to sell ten units located in various towers of One Central Residences, at the One Central complex.

These units do not constitute part of MPO’s premium luxury residential property – The Waterside (Tower 6). The subject units form part of an original portfolio of 25 individual apartments purchased by MPO in October 2007.

“The agreed sales, worth a combined value of US$21 million [MOP168 million], take advantage of the current strong demand and rising prices for quality accommodation in Macau, primarily from mainland Chinese buyers,” the fund said.

The divestment also reduces the increased concentration of MPO’s portfolio of One Central Residences, after the company’s recent US$41 million exit from its entry level residential development, Rua do Laboratório.

The ten apartments have been sold to individual mainland Chinese and local Macau buyers for a total consideration of HK$165 million or an average sales price of HK$7,600 per square foot.

This translates to a net profit of HK$9 million and a return on investment of 6 percent after all associated fees and transaction costs.