UNITS SNAPPED UP

PUBLISHED : Thursday, 05 May, 2011, 12:00am
UPDATED : Thursday, 05 May, 2011, 12:00am

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Macau's latest top-class residential development, One Oasis Phase 2 - South Residence, has opened for public sales. A statement from the developers says 350 units were sold before the public release.

The development is by Hong Kong-listed ITC Properties, Linkeast Investments, Nan Fung Group, ARCH Capital and Success Universe Group.

One Oasis has about 700 residential units, with prices ranging between HK$4,500 to HK$5,000 per square foot.

Edwin Cheung, chairman of ITC Properties, says that in addition to interest from Macau residents, One Oasis - South Residence has already attracted strong interest from investors on the mainland, Hong Kong and Southeast Asia.

'It's been quite a while since there's been a large-scale property release in the Macau market, so demand has been growing for some time,' Cheung says.

Units in South Residence have been designed to be spacious and practical. They range from a standard two bedrooms to four, with two en-suites. Many of the larger three- and four-bedroom apartments feature wide balconies, broad glass fronting and extra high ceilings.