Macau Business, Newsdesk, 6 October 2026
Macau’s property market has encountered a notable softening, with third-quarter figures declining by over 10% both quarter-on-quarter and year-on-year. Industry leaders warn that continued macroeconomic headwinds and tightening credit could further depress valuations unless authorities step in with targeted support.
According to Centaline Macau and Zhuhai-Hengqin Director Hoi Siu Hang, high interest rates and a sluggish broader economy are weighing heavily on both residential and commercial sectors. Commercial real estate—particularly shops, offices, and industrial units in livelihood districts—faces severe pressure and elevated vacancy rates.
To stabilize the market, industry advocates are urging the government to implement financial “backstops,” such as mortgage interest subsidies and credit-lending relaxations, alongside tax and registration fee credits for previous buyers who suffered historical losses.
Meanwhile, diverging strategies are emerging between primary and secondary housing markets.
While many secondary homeowners are choosing to “lie flat” and lease out their properties rather than sell at a discount, developers facing aggressive bank deleveraging pressures are rolling out deep incentives—including lower price tags, bundled parking spaces, and flexible payment terms.
Analysts note this dynamic may spark a “price inversion,” where brand-new primary units trade below comparable secondary market values.
