Gov’t revises two land concession contracts

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The government has revised two contracts of land concessions on the Macau Peninsula, according to dispatches released yesterday in the Official Gazette.
The first plot, located near Rua dos Mercadores, is granted for the construction of a commercial building with six floors, with the dispatch noting that the commercial building can only be under the ownership of one individual rather than multiple owners.
Meanwhile, the other land plot, located at R. dos Cavaleiros, will be used for the construction of a five-floor residential and commercial building. The new building will apply the multiple ownership system, as stated by the dispatch.