Chair Lau's presentation of evolution of Macao's urban development
A group photo of Chair Lau Veng Seng and teachers and students
Mr. Lau Veng Seng, President of the Macao Association of Building Contractors and Developers and Chair of Board of Directors of Kiang Wu Nursing College of Macau was invited to be keynote speaker of the "Lecture on Chinese Culture" on 13 April, 2018. He walked the participants through the evolution of Macao's urban development.
Born and raised in Macao, Chair Lau has witnessed Macao's development from the 1950s to the present time. Teachers and students were deeply impressed by the changes of Macao from ancient to modern times in terms of roads and buildings through Chair Lau's presentation of a collection of historical pictures. He indicated that Macao has grown from a small fishing village to a flourishing metropolis which ranks among the top in the world in terms of gross domestic product. However, every achievement did not come easily. Macao's urban development was accompanied by the governance replacement, economic development and foreign expert introduction. On the other hand, technical characteristics in different periods were represented by the facade design, building structure and construction materials. The diversified architectural features, from two or three-storey bungalows and wooden houses, built in European fashion in 1960s to four or five-storey buildings in the later stage and the current high-rise buildings are all the witnesses of the urban development.
In the 1990s, several major construction projects were completed, including the operation of the Friendship Bridge, land reclamation project joining the two islands of Coloane and Taipa and establishment of airports and ports in Macao. However, Macao's economy was at a low ebb due to the deterioration of public order prior to the handover and withdrawal of foreign investors. According to Chair Lau, new buildings were put on sale at as low as MOP200 per square foot but it still failed to attract any buyers. With the liberalization of Macao's gambling monopoly after the handover, completion of the Macao East Asian Games Dome, introduction of international professional management team, there was a rapid growth of Macao's enterprises and greater clarity of Macao's economy. Affected by the booming property market, public housing units have also been built in large numbers during that period to ease the housing problems of the lower social strata.
Chair Lau looked ahead to the steady growth, hopes and opportunities in the future of Macao's construction market under the new environment of the Macao New Urban Zone and marine resources, in tandem with the national blueprint in developing Guangdong-Hong Kong-Macao Greater Bay Area.