Asking price for the top floor “showcase” duplex in The Waterside is a rather more modest HKD250,000 per month, for a 4550 sq.ft fully furnished apartment. A simplex with 4740 sq.ft is the biggest unit.
Top-end property in Macau has had a roller coaster ride, lurching from boom to bust and back over the last 20 years, ebbing and flowing as speculators and more recently casino operators and their expatriate staff have run it up and then down just as rapidly.
The Waterside units haven’t exactly jumped off the shelves, having been released back in 2010 and now only 88% occupied. The 59-apartment tower takes up the entire Tower Six in One Central Residences, Macau.
Flats start at HKD $55,000 per month for 2,270 sq ft. That’s a leasing price staring at HK$26 per sq. ft. They are for lease only.
The question of whether the flats were all leased to mainlanders brought the rather nervous response that “70% of the tenants are businessmen or VIP room operators from the mainland.” So yes, in other words.