Macau Property Prices Four Times That of Zhuhai: Mainland Developers Strive to Sell in Macau

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 to expand their market share in Macau.

Cheang Tin Cheong, the honorary chairman of the Expo, said during the opening ceremony that many people in Macau choose to buy properties in the Pearl River Delta Region, mainly in Zhuhai and Zhongshan. Properties near the Gongbei checkpoint are particularly sought after. Following the acceleration of China’s reform and opening-up process, the difference in living standards between the three cities is narrowing. With more communications facilities such as the Guangzhou-Zhuhai Light Railway and the Hong Kong-Zhuhai-Macau Bridge taking shape and making it more convenient for people to move around, the three cities will all be within one hour’s driving distance from each other. The cities around the Pearl River Delta will gradually form a new living sphere with a uniform market.

Cheang believed that with the completion of the Hong Kong-Zhuhai-Macau Bridge, the road traffic network will be further improved. The number of Hong Kong and Macau people buying houses in the Pearl River Delta Region will further increase. Some Mainland property developers have observed that in recent years more and more Macau people had bought properties in Zhuhai. With such a trend of buying properties in the Pearl River Delta Region, the Macau market has potential for development.