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October 5, 2022

Macao government to hold the first land auction since 2008

The undeveloped land plots 7 and 8 in Cotai,  which together represent more than 100,000 square meters, previously held by gaming concessionaire Sands China will be included in future land auctions for non-gaming developments as indicated by Chief Executive Ho Iat Seng to the local media recently.
    The CE confirmed that the Macao government will hold auctions to award the development of four residential land plots, the first land auction since 2008. The CE expressed that its development would follow all procedures consigned in the Land Law, including a public auction.


    As of March 2022, the Macau government had recovered a total of 512,900 square meters of land divided into 54 land plots which say their land concessions were declared void since changes in the Land Law were effected in 2013. However, that area could increase to 721,400 square meters if concession revocation cases under trial involving 31 land plots go in favor of the government.