Construction on the third phase of Ponte 16 is expected to kick off later this year, with an estimated investment of HKD500 million (MOP515 million/US$64 million) to HKD600 million.
Executive director and deputy chairman of Success Universe Group, Hoffman Ma Ho Man, revealed that the construction plan for the third phase project had already been submitted to the government for approval, Hong Kong news outlet SingTao News reported.Success Universe Group has a 49 per cent interest in Pier 16 – Property Development, with the remainder held by SJM Holdings, the owner of Macau Palace.
Ma said that the third phase expansion project include the establishment of a new shopping mall, as well as the renovation of the floating casino Macau Palace. The plan includes moving the floating casino next to Ponte 16, with the intention of incorporating new elements such as bars to enhance the overall experience.
