The Waterside / One Central# Residences
Occupying the entire Tower Six in One Central Residences, The Waterside consists of 59 apartments including two duplexes and three simplexes. Unit sizes range from 2,270 square feet for a standard three-ensuite unit to 4,740 square feet for a duplex with balcony. Apartments feature exclusive interior designs and furnishings by award-winning Japanese designer Yasumichi Morita and are luxuriously appointed with top-of-the-range appliances.
One Central Residences is the most prestigious residential property project in Macau jointly developed by Hongkong Land and Shun Tak Holdings. MPO has acquired the whole of Tower 6 (marketed as The Waterside) and a number of other well-located residential units.
One Central Residences is the most prestigious residential property project in Macau jointly developed by Hongkong Land and Shun Tak Holdings. MPO has acquired the whole of Tower 6 (marketed as The Waterside) and a number of other well-located residential units.
View Website: www.thewatersidemacau.com
| Total Commitment* | US$138 million |
| Acquisition Cost | US$138 million |
| Acquisition Date | November 2006 |
| Estimated Handover Date | August 2009 |
| Project Type | Investment |
| Location | Macau Peninsula |
| Sector | Residential (premium luxury) |
| Est. Gross Floor Area | 201,000 sq.ft. / 18,700 sq.m. |
| Current Status | Leasing |
| Underlying Fund | MPO |
Rua do Laboratório
Located on a well-positioned site in Northern Macau, this residential redevelopment offers attractive accommodation to first-time buyers. The surrounding district, which is increasingly popular, is close to the border with China. Proposed improvements to the local infrastructure include plans for a nearby light railway system with links to central Macau.
| Total Commitment* | US$50 million |
| Acquisition Cost | US$20.6 million |
| Projected Development Cost | US$29.4 million |
| Acquisition Date | November 2006 |
| Estimated Completion Date | 2011 |
| Project Type | Redevelopment |
| Location | Macau Peninsula |
| Sector | Residential (entry-level) |
| Est. Gross Floor Area | 220,000 sq.ft. / 20,440 sq.m. |
| Current Status | Planning |
| Underlying Fund | MPO |
Rua da Penha
This architecturally significant property, which is located in a popular residential neighbourhood, was acquired as a redevelopment site with a projected gross floor area of some 80,000 square feet. The creation of a low-rise apartment block with a distinctive colonial, Portuguese design will enhance the character of the surrounding area. Its style will appeal to middle/upper income locals seeking to upgrade to a quality living environment.
| Total Commitment* | US$20 million |
| Acquisition Cost | US$8.6 million |
| Projected Development Cost | US$11.4 million |
| Acquisition Date | October 2006 |
| Estimated Completion Date | 2011 |
| Project Type | Redevelopment |
| Location | Macau Peninsula |
| Sector | Residential (niche) |
| Est. Gross Floor Area | 80,000 sq.ft. / 7,430 sq.m. |
| Current Status | Under redevelopment |
| Underlying Fund | MPO |
*Total Commitment = Acquisition cost & projected development cost
#Disclaimer: "One Central" is a trademark registered in Macau SAR under the name of Basecity Investments Limited. Sniper Capital Limited,
Macau Property Opportunities Fund Limited, MPOF Macau (Site 5) Limited and "The Waterside" are not associated with Basecity Investments
Limited, Shun Tak Holdings Limited or Hongkong Land Holdings Limited.
#Disclaimer: "One Central" is a trademark registered in Macau SAR under the name of Basecity Investments Limited. Sniper Capital Limited,
Macau Property Opportunities Fund Limited, MPOF Macau (Site 5) Limited and "The Waterside" are not associated with Basecity Investments
Limited, Shun Tak Holdings Limited or Hongkong Land Holdings Limited.