The New Resort In Macau Will Be Completed By 2022

Genting hong kong sold a project on the lake to us a local businesswoman from the real public sector.

The total cost of mastering the project of the lake is estimated to you 4.6 billion hong kong dollars (us $ 59 million). 1 billion hong kong dollars (us $ 129 million) have already been consumed for the construction and about 2.7 billion hong kong dollars (us $ 348 million) is expected before its compltion.

Genting designed a 21-storey building for a five-star for 708 rooms and a total area of ​​7082 square meters, as well as parking at 12,080 square meters and a free area of ​​5,581 square meters.

In february 2020, construction was suspended due to restrictions introduced due to pandemic covid-19. Gradually resumed work in china civil engineering construction .

A five-star hotel and a resort casino building in the area of lake to you in macau will be completed by 2022.

Genting macau sold its 50 percent stake in the project. The remaining 25% of macau land investment shares belong to two companies that partially belong to the local businessman kwan yan chi and his brother kwan ya ma.

Genting hong kong said:

"The transaction is consistent wit of non-core assets and reduce the financial burden of the group when full burdening future financing requirements for genting macau business".

Source: focus asia pacific