Macau Urban Renewal Limited, a fully government-owned company tasked with the city’s urban renewal process, said in a statement yesterday that its temporary housing project and “home swap” housing project in an area of Plot P in Areia Preta district – the plot of the ill-fated Pearl Horizon residential project, the land concession of which was annulled in early 2016 – is expected to start in the first half of this year.
According to an executive order by Secretary for Transport and Public Works Raimundo do Rosário published in the Official Gazette (BO) yesterday, the government has granted Macau Urban Renewal Limited the land concession of an area of 47,682 square metres on Plot P for the development of its temporary housing project and “home swap” housing project.
The government last year earmarked an area of 6,828 square metres, which is located at the southern tip of the 68,000-square-metre Plot P, for high-rise rental housing for senior citizens. The project carried out by China Construction and Engineering (Macau) Company Limited got off the ground last year.
According to yesterday’s executive order, the 47,682-square-metre area of the land concession granted to Macau Urban Renewal Limited comprises three areas, namely Area A (21,888 square metres), Area B (6,537 square metres) and Area C (19,257 square metres).
According to the executive order, a “home swap” housing estate will be built on Area A, which will also include commercial facilities, a car park and swimming pools.
Areas B and C will each comprise a temporary housing estate, commercial facilities and a car park. In addition, a public bus terminal will be built on Plot C, according to the executive order.
According to yesterday’s statement by the urban renewal company, six towers of a “home swap” housing estate will be built on Area A, providing 2,000 flats, which are earmarked for eligible Pearl Horizon pre-sale buyers to purchase.
A total of eight temporary housing towers will be built on Areas B and C, providing 2,800 units, which are earmarked for residents affected by urban renewal projects to rent and live in temporarily during the redevelopment of their old homes, according to the statement.
The statement also said that the whole project will provide 2,800 parking spaces for cars and over 1,000 parking spaces for motorcycles.
This map drawn by the Mapping and Land Registry Bureau (DSCC) published in the Official Gazette (BO) yesterday show Areas A, B and C on Plot P at the peninsula’s north-eastern earmarked for the government’s temporary housing project and “home swap” housing project.
