The Macao SAR Government officially announced the “Third Five-Year Plan for the Economic and Social Development of the Macao Special Administrative Region” on August 18. Macau Special Administrative Region Chief Executive Shum Ho-fai said that it will accelerate urban renewal and build a beautiful and smart Macau. On the premise of ensuring the overall stability of society, we will accelerate urban renewal through unconventional thinking and action. Improve the legal system for urban renewal, coordinate funding, resources and policy support for urban renewal, and establish a sustainable urban renewal mechanism. Promote conservation renewal and revitalization of the Sanba area, and accelerate the overall renewal of old buildings in old districts such as Youhan.

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