Macau Urban Renewal Limited, a fully government-owned company tasked with the city’s urban renewal process, announced yesterday that 90.8 percent of the Pearl Horizon pre-sale buyers who are eligible to buy a unit in its “home swap” housing project, which will be built on the plot where the ill-fated residential project is located, have filed their applications during the two-month application period which ended in the middle of last month.
Peter Lam Kam Seng, who chairs the company’s board of directors, made the announcement during a press conference at the Government Service Centre in Areia Preta which briefed the media about the ongoing assessments of the submitted applications and the upcoming development of the “home swap” project on the Pearl Horizon plot.
3-year project
Lam also said that his company was now striving to complete the detailed construction plan of the “home swap” project and then obtain the construction permit from the Lands, Public Works and Transport Bureau (DSSOPT) within six months to get the project off the ground. Lam also said that his company expected the construction of the project to take three years.
Peter Kam Kam Seng (right), who heads Macau Urban Renewal Limited, addresses yesterday’s press conference at the Government Service Centre in Areia Preta about the company’s upcoming development of a “home swap” project on the ill-fated Pearl Horizon plot and assessments of applications for “home swap” units by Pearl Horizon pre-sale buyers, as Zhao Yuan, a senior public servant at the Secretariat for Administration and Justice (GSAJ), looks on. Photo: MPDG
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