Seac Pai Van commercial units leased at MOP800/m2

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The Housing Bureau concluded the public tender for the concession of 18 commercial spaces in the Ip Heng Building located in Seac Pai Van in Coloane yesterday to rent out all the units at an average price of some MOP800 (US$100) per square metre, according to local broadcaster TDM Radio.
Occupying between 50 square metres and 134 square metres, the 18 commercial units will be leased for a monthly rent of MOP25,000 to MOP190,500, based upon the highest bidding prices submitted by the contenders yesterday.
According to an official announcement by the Bureau, it received 77 applications for the tender.
The spaces, located on the ground level and first floor of the building, comprise one unit for sale, installation, and repairing of kitchen stoves equipped with natural gas and attendant complementary equipment, five units for food and beverage business, and 12 commercial spaces for retail and services.