Hengqin Grand MixC taps into beauty market

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The consortium of a Macau-based firm and two Mainland Chinese companies has signed an agreement with Hong Kong-based Asia Beauty Group Holding Co. Ltd. to open what has been called a ‘beauty park’ in Grand MixC, a new urban complex under development in Hengqin, according to information released by the Zhuhai Government.
The Macau-based company involved in the deal, San Fong Wang Property Development & Investment Co. Ltd., is also funding the construction of the RMB50 billion (US$7.52 billion/ MOP60.50 billion) mixed-use complex.
The two other companies participating in the development of the beauty park are China Resources Land Limited, a real estate developer, and China Resources Trust, principally engaged in the provision of financial services.
The deal was signed by Grand MixC and Asia Beauty Group last week.
The 20,000 square metre park is to provide ‘one-stop fashion leading cosmetic services’ for women, which include hairdressing, beauty salons, spas, catering, wedding services, photography resources, a theme hotel, and media centre, to be located in ten theme areas, according to a spokesperson for the venture.
Previously owned by Ng Lap Seng, a Macau real estate tycoon convicted on July 30 of bribery and money laundering charges in the U.S., San Fong Wa is now headed by his son, Ng Kei Nin, according to previous reports from us.
Completion of the beauty park is expected in 2018, when the first phase of the Grand MixC project is also expected to be completed.
Construction of the mixed-use complex began at the end of 2016. It is slated to become a retail and cultural destination in Hengqin, targeting the boutique trade and exhibitions, healthcare, cultural and creative activities as well as the hi-tech industry.
Previous agreements for occupying the premises of Grand MixC, inked in early August, include Ego Group Co. Ltd., Golden Maple Holdings Pte. Ltd., Valeria Lanaro Enterprise, and China Resources Healthcare Group Ltd. (CR Healthcare).