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Macau Property spends $23.5m on house

MPO : Macau Property spends $23.5m on house

Macau Property Opportunities has bought a luxury private house adjacent to its existing investment, The Green House. Macau Property believes there is upside if they can convert the two properties into one single luxury residence, citing the scarcity of detached property in Macau.

The house they have bought is a three story villa in the Penha Hill area of Macau, covering 6,500 sq ft. It has a roof terrace with views across to China. The picture shows the Green House – we aren’t sure if the new acquisition is the one behind it. They are paying HK$182.45m which works out at about US$3,615 per sq ft.

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