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Trading statements

MPO increases occupancy at The Waterside

07 April 2016 12:24

Macau Property Opportunities Fund (MPO) says occupancy at The Waterside climbed from 41% at end of Q4 2015 to 47% in Q1 2016, with eight new leases secured.

Other highlights from the Company's Q1 investor update:

- Promotion of The Fountainside continues. 15 remaining units are available for sale.

- Estrada da Penha showcased. High quality renderings and floor plans have been produced to help prospective buyers visualise the full potential of the property.

- The Urban Condition Plan for Senado Square is pending. The successful receipt will pave the way for submission of the Architectural Concept Plan.

- Macau's gaming sector is still undergoing a paradigm shift. Integrated resorts continue to focus on the mass gaming segment and non-gaming offerings to increase profitability.

- Average home prices have declined 18% year-on-year. Home prices and sentiment continue to languish due to the current weak economy.

At 12:24pm: (LON:MPO) Macau Property Opportunities Fund Ltd share price was +2.75p at 122.5p

Story provided by StockMarketWire.com

Related Company: MPO

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