Hengqin, a historic opportunity!

Macau ’s New Neighbourhood is here. It is planned to build 3,800 housing units for Macao residents.

Just now, the Zhuhai Special Economic Zone reported that a second-class residential, commercial, educational and scientific research, park green space and road land use rights agreement transfer publicity was announced.

According to the public announcement, the plot is the new Macau neighborhood that has attracted much attention. The sale price is about 12,673 yuan per square meter and the total price is about 5.348 billion. The intended unit of land is Macau Urban Renewal Co., Ltd.

▲ Publicity

Opposite the German city of Hengqin, covering an area of ​​190,000 square meters

The site of Macau New Neighborhood is located on the east side of the Central Avenue in Hengqin New District, on the south side of Xiaoheng Qin Mountain, on the west side of Tianyu Road, and on the north side of Hong Kong-Macau Avenue.

▲ Macao new neighborhood location

▲ Field aerial photography

▲ Land area

According to the public announcement, the plot is divided into 7 plots with a total of 194415.03 square meters and a total floor area of ​​422,000 square meters.

Among them, the parcel 1-3 green land rate ≥35%, parcel 4-6 green land rate ≥80%; parcel 1 and parcel 2 podium height limit ≤ 24 meters, tower ≤ 80 meters; parcel 3 building height limit ≤ 24 meters.

The 7 plots must be uniformly planned, designed, developed, and constructed.

This means that the project will be a complex of 420,000 square meters.

What is the origin of Macau Urban Renewal Co., Ltd.?

According to the official website of Macau Urban Renewal Co., Ltd., the company is a joint stock company consisting of the Macao Special Administrative Region, the Industrial and Commercial Development Fund, and the Science and Technology Development Fund.

The company's main work focuses:

• Improving the living conditions of residents in old districts
• Revitalizing the community economy
• Promote the preservation and maintenance of historical and cultural buildings in Macau
• Promote urban environmental governance
• Promote housing reconstruction to achieve the purpose of continuous urban renewal
• Encourage long-term maintenance of private and public buildings to maintain their beauty, safety, and livability
• Better land activation through both
• Enhance community public space, optimize transportation hubs, and reorganize the layout of urban functions
• Actively establish Macau's urban renewal work system, so that all stakeholders can communicate on the same platform, conduct rational discussions, and seek consensus

▲ Company Profile

Plans to build 3,800 units of affordable housing for Australia

Macau New Neighborhood is a project written into the outline of the Bay Area and a major livelihood project for Guangdong-Macao cooperation.

In February 2019, the 'Outline of Development Planning for the Guangdong-Hong Kong-Macao Greater Bay Area' was released. The section on the construction of a Guangdong-Hong Kong-Macao in-depth cooperation demonstration zone was named at the same time in Macau, Zhuhai and Hengqin.

The new Macau neighborhood, a major livelihood project that the two places plan to cooperate with, has also surfaced.

▲ Source: 'Outline of Guangdong-Hong Kong-Macao Greater Bay Area Development Planning'

The project is positioned as a comprehensive livelihood project that integrates the functions of retirement, residence, education, and medical care. It explores the direct application of the Macau medical system and social security and extends to this project.

On December 16, 2019, the Press Office of the People's Government of Zhuhai City held a press conference on the 'Tenth Anniversary of Hengqin New District'. Yang Chuan, director of the Management Committee of Hengqin New District, revealed a lot of news about Macau's New Neighborhood (Source: Daily Economics news):

First, there will be about 3,800 residential houses in this project in the future. The first target of enjoyment must be Macao residents. At the same time, there are some other conditions, such as whether there are real estate in the Mainland, how many real estate there are in Macau, there is a qualification, this qualification is Come to Macau to set the selection criteria.

Secondly, in order to further benefit Macao residents, Macau ’s New Neighborhood will adopt a method of limiting house prices and land prices. It will reduce a certain percentage on the basis of market-oriented house prices around Hengqin as the final purchase price of Macao residents. Enjoy a certain price drop, which leads to a price limit when the land price is transferred. Through Hengqin land price limit, finally realizing price limit to benefit the people of Macau.

Third, Macau ’s new neighborhoods will be extended by the Macao SAR government to Macau-standard public services. For example, kindergartens, elementary schools, clinics, and elderly care centers. These public services are operated by institutions designated by the Macao SAR Government, and the operating standards and the entire security system are all Macau standards.

What is the significance of 'Macao New Neighborhood'?

The city of Qin'ao is unstoppable!

What is the significance of this project written into the outline of the Bay Area?

First, it is convenient for Macao residents who work and live in Hengqin; second, it alleviates the problem of lack of land resources in Macau.

According to the goals previously established by Zhuhai and Macao, the 'Macao New Neighborhood' project will be based on the 'one country, two systems' principle and the Macao enterprises will be responsible for investment and construction in Hengqin, and will explore ways to improve the livelihood of Macao's education, medical care, social insurance, and communications. The package extends to Hengqin, so that Macao residents working and living in Hengqin can enjoy social services comparable to those in Macao, share the bonus of the construction of the Hengqin Free Trade Zone, and alleviate the problem of lack of land resources in Macau. (Source: Zhuhai Special Economic Zone News)

There is no doubt that the city of Qin'ao is coming at a speed visible to the naked eye. With the 'Macao New Neighborhood' gradually landing, the cooperation between the two places will be deepened.

In fact, the introduction of various measures has made Qin'ao the same city unstoppable:

1. The new port of Hengqin will soon be put into use. The customs clearance inspection mode of 'cooperative inspection and one-time release' will be implemented, from the previous 'two places and two inspections' to 'one place, two inspections'.

2. Open 'Hengqin-Macao Cross-Border Commuter Line'. The operation scope covers the Macau Peninsula, Taipa Island, and Hengqin New District, and provides convenient cross-border travel services for Macao corporate employees and Macao residents in the Aberdeen Hengqin integrated area.

3. Eligible Macao motor vehicle owners can apply for a Macao Motor Vehicle Temporary Entry and Exit License.

4. 'Notice on Relevant Issues of Macao Residents Permanently Hengqin Participating in the Zhuhai Basic Medical Insurance Pilot', Macao residents who live in Hengqin (including Hengqin, Free Trade Zone, Hengqin Integrated Area) and have obtained a residence permit may apply. Students and minors or urban and rural residents' ID cards are insured at the municipal social insurance agency.

5. Support cross-border financial cooperation between Guangdong and Macao. Professionals from Hong Kong and Macau practice in Hengqin.

At 00:00 on March 18, 2020, Guangdong and Macao held a handover ceremony at the exit hall on the first floor of Hengqin Port. The total inspection area of ​​Hengqin Port's Australian port area and related extended areas was 66,428 square meters, which was officially transferred to Macau The SAR Government shall apply the laws of the Macao Special Administrative Region for jurisdiction.

The city of Qin'ao is unstoppable.

With the continuous increase in the introduction of Macao enterprises and Macao talents, Hengqin will usher in a historic opportunity in 2020.

I believe that in the near future, Macao citizens will be able to come to Hengqin to find employment, live, go to school, see a doctor, and enjoy all convenient lives.