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SOLE AGENT for The Praia
28 Dec 2006

In a signing appointment ceremony held on 28 December 2006, the developer, New Tenhon Limited and Midland (Macau) Limited jointly announced that the latter has been appointed as the sole agent in Hong Kong for the newly released 50 flats of the luxury residential development, The Praia, which may be described as the 2nd generation prime residential development in the north-west coastline of Macau. Owing its excellent quality and design together with numerous club house facilities such as constant temperature controlled swimming pool, simulated golf driving range, health spa ... etc., the release of first phrase for Blocks 3 and 4 has been proved successfully, and number of flats sold have been accumulated to well over 400 units.

To facilitate the sale program smoothly in Hong Kong, a showroom will be displaced in the 25/F, World-wide House, the head office of Midland Realty Limited, where prospectus purchasers will find more information about the development.

"With the blooming economy of Macau and the recently openings of Hotels & Casinos such as Wynn, Star World and New Hotel Lisboa which is scheduled before Lunar New Year, creating many job opportunities for both local residents as well as overseas professionals, which in turn push up wages as well as living standards. Consequently, there is constant demand for quality flats." said Mr. Liu, the managing director of New Tenhon, "and the sale is expected to be good."

Mr. Ronald Cheung, the director from Midland "The development occupies an ideal site close to the north-west coastline and is conveniently located within the road network. In addition, shuttle bus services between the development and the town centre will be provided to facilitate shoppers and commuters. Luxury apartments have already achieved HK$5,000.00 per Sq. Ft. and with raising living standards, there is bound to be demand for good quality flats, so there will be room for the price to go up again."

For the 50 flats which are in Block 1, the ranges of floor areas are 1,239- 1,571 Sq. Ft. (or 3 bedrooms) and the unit prices are HK$2,500 to 2,800/ Sq. Ft. All flats commend 270簞 seaview and the forecasted completion date would be 2008. The development is the tallest in Macau, 55 storeys.

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