Speymill's Residential property fund in Macau

Hong Kong-listed Emperor Intl buys 2 properties in Macau for 161 mln hkd - July 2005

HONG KONG (XFN-ASIA) - Emperor International Holdings Ltd said that it has acquired two properties in Macau for a total consideration of 161 mln hkd.

The first property with an area of 1,600 square feet is currently used as a fashion retail shop, while the second is 15,788 square feet property currently used as a retail shop and restaurants.

""With our newly-acquired properties (located) at the busiest and most valuable commercial strip in the territory, we believe this strategic move will strengthen our investment portfolio and put us in an advantageous position to grasp lucrative business opportunities in Macau,"" said Donald Cheung, director of property department at Emperor Group.

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SOME CALCULATIONS:
Prop.#1 : 01,600
Prop.#2 : 15,788
:Total= : 17,388
: Price : hk$161.0mn

=== per sf : hk$ 9,259