Franco Liu, Managing Director of Savills Macao, said the subject property is a seven storey southern European style luxury residential building named “The Lake Side Home”. Completed in 2008, the building is located in Sai Van which is a traditional luxury residential area with the Chapel of Our Lady of Penha behind, enjoying a pleasant and tranquil surroundings. 

It has a site area of 2,196 sq.ft. The gross area is approx. 15,000 sq.ft., providing a total of 7 units with one unit on each floor. It is built with high quality materials and excellent workmanship, and equipped with custom made security systems offering high degree of privacy. Transportation is convenient and it take a mere 5-minute walk to the city centre.

Liu pointed out that land supply in Macau is extremely limited, and therefore it is very rare to have whole-block properties available in the market for acquisition or redevelopment. The subject property is a private lot, with major government officials and middle-to-high income residents living in the neighbourhood.  Moreover, there are no new projects launched in the area over the past ten years. Liu expected that the new buyer can either keep the property for self-use or for long term investment by leasing the units, or put it for sale by strata title.  With its high investment potentials, he is confident that it will attract both local and overseas buyers.