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Feb 202012
The Shizimen CBD first-phase project -- which includes the Zhuhai International Convention Centre, Zhuhai International Exhibition Centre first phase, St Regis and Sheraton Hotels & Resorts, a two-storey parking lot with 4,800 spaces and related support facilities -- will start topping off……more
The number of residential units transacted in Macau last year dropped by 4.5 percent year-on-year, to 17,176, according to data from the Statistics and Census Service released today.
The Statistics and Census Service said the drop was related to the measures introduced by the government to……more
Macau's luxury residential market has experienced similar fortunes to Hong Kong's this year, with fewer transactions in the second half, a sharp turn from brisk trade at the start of the year.
The brakes were put on the price rally after the Macau government introduced a special stamp duty to……more
The Macau government's latest steps to rein in fast-rising property prices pushed flats sales down to just 200 last month, close to the level they bottomed out at during the global financial crisis two years ago.
According to property agency Ricacorp (Macau) Properties, residential property……more
In a single session the Legislative Assembly (AL) unanimously approved the bill on the special stamp duty to be applied to housing transactions – both in principle and in detail. Secretary for Transport and Public Works Lau Si Io presented the draft law yesterday, saying it is one of the……more
Quarterly Highlights
* First divestment for MPO
* Strong rental growth at The Waterside
* Presales continue at The Fountainside
* Yet another record for Macau gaming revenues
Overview
Riding on the solid momentum of 2010, Macau saw a strong start to 2011. Gaming revenues surged……more
Tenants can remain at least two years and three months in a rented flat before their contract can be terminated, according to a decision taken by the Court of Second Instance
Tenants can stay at least two years and three months in a rented flat before their contract can be terminated, according……more
May 272011
Real estate investment firm Westport Capital Partners LLC announced that affiliates of Westport and Tenacity Real Estate Group, a Hong Kong based developer, completed the sale of an office and retail building in Macau to an undisclosed buyer for HK$970 million (US$125 million).
The building,……more
18/05/2011
The government plans to create a professional accreditation for building management professionals to prevent conflicts and protect homeowner and tenant rights
First real estate agents and now building management professionals will face new requirements, the government told……more
Information from the Statistics and Census Service (DSEC) indicated that a total of 7,422 building units were purchased and sold at MOP17.67 billion in the first quarter of 2011 per Stamp Duty record, down by 15.8% and 8.8% respectively quarter-to-quarter. There were 4,554 residential units……more
