The Guernsey-registered Macau Property Opportunities Fund (MPO) saw average rentals at The Waterside property grow by 6.4 percent between the third and fourth quarters to HK$19.85 per square foot per month, the StockMarketWire online business news service reported yesterday.
Quoting an MPO statement, the report said the company was hopeful that Macau’s VIP gaming segment will recover further, which would facilitate the continued recovery of rental values and improve occupancy rates.
The impending opening of the Hong Kong-Zhuhai-Macau Bridge in 2018 was expected to create more business opportunities for Macau and an influx of non-local labour, the report quoted the statement as saying.
