Macau Urban Renewal Limited (MUR) said in a statement yesterday that the first day of home sales for its Macau New Neighbourhood (MNN) residential estate in Zhuhai’s Hengqin island was “met with great enthusiasm” as it had received over 500 applications to buy an MNN flat as of 3 p.m. yesterday after the home sales started yesterday morning.
The MNN neighbourhood consists of 27 residential towers with 19 to 26 floors each. The estate comprises around 4,000 units for purchase and over 200 units earmarked for highly-qualified professionals for rent only.
Eligible buyers can submit their applications online or in person.
The two-bedroom flats are being sold for between 2.41 and 2.63 million yuan, while the three-bedroom flats are being sold for between 3.53 and 3.71 million yuan.
Some 80 percent of the MNN residential units are two-bedroom flats, while the remaining 20 percent are three-bedroom flats. The two-bedroom flats have a gross floor area of about 88 square metres, while the three-bedroom flats have a gross floor area of about 118 square metres.
Macau residents aged 18 or over who do not own any residential property in Zhuhai nor own more than one residential unit in Macau are eligible to buy an MNN flat.
The MNN flats are sold at an average price of 30,000 yuan per square metre.
The MNN flats for sale are fitted-out units equipped with major household appliances, such as hot-and-cold air conditioners, a water heater, a tableware steriliser, gas hobs, and a kitchen hood.
The process of submitting applications to buy an MNN flat started at 9 a.m. yesterday.
The statement said that before the application process began at 9 a.m. yesterday, “quite a few” Macau residents had already started to queue up outside the sales centre at the MNN estate.
The sales centre is open from 9 a.m. to 6 p.m. daily except Mondays.
According to yesterday’s statement, MNN buyers are required to pay an initial deposit of 100,000 yuan.
Buyers for Macau New Neighbourhood (MNN) flats queue up outside the MNN sales centre in Hengqin yesterday morning. – Photo: MUR
