The prosperous gaming and tourism industry is turning Macao into one of the world's most promising and exciting property markets, the Secretary for Economy and Finance, Mr Francis Tam Pak Yuen, said today. Addressing more than 500 hundred real estate professionals during an international property conference this morning, Mr Tam said the gaming and tourism industry had successfully transformed Macao into a modern entertainment and business hub. It created growing demand for hotels, convention centre, shopping malls, office space and residential property in Macao, guaranteeing the city to be one of the world's most promising and exciting real estate markets. Mr Tam said traditionally the property market had been one of the major economic pillars of Macao, contributing significantly to the territory's economic development. He said another source of great potential and opportunity came from Macao's geographical location. 'Located on the Southeast coast of China to the west of the Pearl River Delta, business entities in Macao could reach a marketplace with huge potential, making Macao a perfect platform for networking on real estate projects, investments and finance across sectors and regional borders. 'There is general agreement that Macao is not only a growing property market on her own, but also a strategic platform for developing real estate business in the region,' said Mr Tam.
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