Ming Wei Real Estate Investments

From the SCMP
by Mark O'Neill
Apr 11, 2008

Here your apartment costs a tenth of that in Hong Kong and one-fifth
of that in Macau," said property agent Zhang Huangyuan. "Since they
announced the building of the bridge, we have not had one day off."

Mr Zhang sells properties in Huafa Century City, a development of
800,000 square metres, seven minutes' drive from the spot where the
Hong Kong-Zhuhai-Macau Bridge will arrive in Zhuhai . "The apartments
in this phase cost 10,000 to 11,000 yuan (HK$11,140 to HK$12,250) per
square metre and we have sold over 90 per cent of them. The buyers are
local and from Hong Kong and Macau," he said.

In Zhuhai, developers and property agents are jumping for joy over the
planned 42 billion yuan bridge linking the city with Hong Kong and
Macau. They see it as the best way to sustain for years a boom that
drove sales of commercial property up 130 per cent last year.

Also delighted is the city government, which first proposed the bridge
in 1983, although it no more has the money to pay for it now than it
did then. It sees the bridge as the final piece of a jigsaw to link
the city by rail and road to the rest of China.