Macau News Agency. 2 July 2025. By Aries Un.
Downward pressure remains intense on the domestic housing market, according to Centaline Property.
Information from the property agency shows a year-over-year drop of 14 per cent in transactions in the first half, which totalled some 1,341.
Prices were also plummeting during that period, with the average price per square metre down by 20 per cent to MOP72,000, down over 20 per cent and the lowest in 10 years.
Monthly transactions, which averaged between 200 and 250 in the first six months, dipped to fewer than 180 last month.
In the context of the premium market, there were only 19 transactions in the first half, with each one above MOP15 million.
In the commercial property market, roughly 188 shop transactions were logged in the first half, mirroring the 2024 level.
Regarding the outlook for the second half, monthly transactions in Macau are expected to rise to about 300 as prices are set to bottom out.
Most of the investment went in to small and medium-sized shops worth less than MOP10 million.
On the rental market, demand appeared robust in tourist areas, with a 2,600-square-foot business on Rua de São Domingos – the street near the city’s iconic Senado Square – renting for as much as MOP400,000 per month in the second quarter.
The office market suffered a drop of 30 per cent in transactions compared to the same period in 2024, amidst a wait-and-see approach.
Industrial property also suffered a decline – of 40 per cent in transactions.
Prices, meanwhile, declined by 20 per cent year over year.
On the other side of the border in Zhuhai, the property agency observed a volume-centric trend, with 16,690 transactions logged – up 7 per cent.
