The Waterside Macau Luxury Residences
August 08, 2013 - Macau
The Waterside, a luxury 59-unit project occupying Tower Six in One Central Residences, one of Macau's most prestigious residential address, recently hit a 95% occupancy rate, according to the asset manager Sniper Capital Ltd.
Designed and furnished to international standards, The Waterside apartments range from three-bedroom suites, to simplex and duplex apartments branded as Emerald Suites.
"Macau's economic growth arising from the expansions in both gaming and non-gaming sectors is phenomenal and we believe this factor holds significant promise in demand for luxury properties going forward as evidenced by the popularity of The Waterside," Karen Lau, associate director of Asset Management at Sniper Capital said.
"The significance of major infrastructure projects currently being developed such as the Hong Kong-Zhuhai-Macau Bridge cannot be underestimated.
We expect such infrastructural developments to change the regional transport dynamics completely, further integrating Hong Kong and Macau into a 30 minute living circle."
Residents enjoy 24-hour personalised concierge service and have privileged access to a number of member benefits through The Waterside Club.
Total luxury residential property sales increased 34 percent in 2012, according to Vigers Research market statistics.
The growing influx of expatriate workers has led to strong demand for housing, with average rental prices of high-end residential properties rising by as much as 24 percent last year.
Source: Property Report
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