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Gov’t moves to strengthen urban renewal with possible land premium reductions
Summary by MACAU DAILY TIMES 澳門每日時報
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Gov’t moves to strengthen urban renewal with possible land premium reductions
The government is now examining the possibility of waiving or reducing land premium payments for urban renewal initiatives as part of its efforts to strengthen redevelopment incentives, staying true to the governance principle of “pursuing new district development while not overlooking established neighborhoods.” The first public consultation on the proposed amendment to Macau’s Urban Master Plan took place recently, with around 50 members of th…
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