Emperor International Holdings has stepped up its investments in Macau with the purchase of a commercial-residential property for HK$430 million.
The company said it bought a three-storey block with a saleable area of 10,167 square feet in the city's downtown area.
Emperor International executive director Donald Cheung Ping-keung said the purchase was made in view of the recent economic growth in the city led by the booming tourist and entertainment industry.
Located at the junction of Avenida do Infante D Henrique and Avenida da Praia Grande, the property currently generates HK$588,000 in rental revenue a month.
Emperor said it paid an initial deposit of HK$10 million. The balance will be paid by March 17 next year.
Mr Cheung said the acquisition reflected the company's confidence in the Macau property market, buoyed by the booming gaming industry.