Macau Property Opportunities Fund has launched the leasing campaign for a 150,000 square foot luxury residential tower, located in Macau’s premier mixed-use development, One Central.

Marketed as The Waterside, the property comprises 59 apartments which have views over Macau’s famous Nam Van Lake.

The apartments feature three distinct environments created by award-winning Japanese interior designer, Yasumichi Morita. Residents will also benefit from fully flexible furnishing and service options. 

According to MPO, Macau is entering a fresh phase of casino and infrastructure development which is driving a renewed influx of expatriate executives seeking high quality accommodation in the city. The Waterside, MPO’s first large-scale leasing initiative, targets this segment of the residential rental market.

Situated in a prime location on Macau Peninsula, The Waterside is surrounded by shopping, dining and entertainment options. MGM Grand Macau and Wynn Macau, as well as Macau’s latest high-end shopping centre, are within close walking distance. 

“There is a clear gap in the Macau market for luxury rental accommodation,” says Cello Chan, head of asset management at Sniper Capital, which manages MPO. “The current offerings in Macau fail to meet the high standards demanded by internationally discerning expatriates. The Waterside takes the definition of luxury residential accommodation in Macau to a new, world class level.”

David Hinde, chairman of MPO, adds: “We are very proud to be launching The Waterside which brings a new standard of luxury accommodation to Macau. This event represents another significant milestone for MPO as we embark on the value creation phase of the Fund’s investment cycle.”