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Aug 012008
Impact from Government Policy Changes in Macau and Guangdong Should be Minimal in the Short Term
Underpinned by the robust economy, booming tourist sector, surging gaming revenues and the low interest rate environment, Macau’s property market maintained a steady growth in the first half of 2008.……more
Macau’s time-honoured department store New Yaohan is scheduled to open in Nam Van on 8th August 2008. According to some scholars, it will help reverse the outflow of people from the central part of Macau after the large casinos in Cotai come into operation. Sio Chi Wai, a retailer, also thinks that……more
Jul 282008
The 1st Zhuhai-Zhongshan-Macau Real Estate Expo was recently held in Macau. According to some exhibitors, property prices in Macau are nearly four times higher than in Zhuhai, so there is an increasing tendency for Macau citizens to buy properties in Zhuhai, they are therefore making every effort……more
Jul 252008
Early 2008 saw a buoyant property market with a series of high-priced land sales, a green light for the Hong Kong-Zhuhai-Macau Bridge and repeated interest rate cuts. New properties marketed in the first quarter sold like hot cakes. But by the second quarter, the global investment sentiment turned……more
Macau’s real estate market began to slow down the first half of the year with the reasons being attributed to fluctuating external markets and the recent bad weather. A 20% year-on-year decrease was registered in property transactions as well as in property surveying. Ronald Cheung, the CEO of……more
The economic boom and flourishing tourism figures of recent years has translated into buoyant personal consumption, with the retail sector most expansive of all. Sio Chong Meng, Managing Director of Lek Hang Property Development Company Ltd, notes that the vacancy rate of stores in the central……more
Macao’s economy is currently growing rapidly. The increases in residents' incomes and the number of foreign employees have driven the demand for housing. Real estate developers are also visualising the potential of investing in Macao due to the fact that the construction of the Hong……more
By the end of Lunar New Year, banks in Macau had announced a further cut in interest rates, meaning local mortgage rates dropped to as low as 3%; and this triggered investor interest in the property market. At present property rental prices are similar to mortgage installment amounts and some……more
Feb 122008
Due to the sub-prime mortgage crisis in America, banks in the U.S. have cut interest rates by a total of 0.125% in the last two weeks in order to aid the economy. Recently, U.S. authorities announced they would lower the interest rate by 0.05%. Banks in Macau followed suit by cutting interest rates……more
