The Macau Metro Monitor, August 16th, 2010
"WE WANT TO HAVE AN OPPORTUNITY IN COTAI"- GRANT BOWIE macaubusiness.com
MGM Macau president, Grant Bowie, said that the company is "financially safe and secure" to invest in a "high-end integrated resort" project on Cotai. MGM is still waiting for approval from the Government. Bowie also said, “I don’t see Macao Studio City land as an option right now because it is owned by someone else,” Mr Bowie said.
CHINA IS CONSIDERING INTRODUCING THE INDIVIDUAL TRAVELING SCHEME TO TAIWAN Macau Daily News
According to the president of the Cross-Strait Tourism Exchange Association (CTEA) in China, China is currently discussing the potential to open up the individual traveling scheme to Taiwan. Since 2008, Taiwan has allowed mainland tourists to travel on package tours with a stay of the maximum 15 days.
HK SET NEW POLICY RULES TO CURB THE SPECULATION OF THE PROPERTY MARKET Macau Daily News
Local real estate agents in Macau are concerned that HK speculators who are shifting their focus to Macau because of new restrictions may overheat Macau's property market. HK SAR government declared new curbing rules, starting August 13, that prevent purchasers of flats to re-sell, sub-sell or transfer the benefits of the agreements for sale and purchase before the transactions are completed. The department also required buyers to forfeit 10% instead of 5% of the total purchase price if the transactions were canceled.
