Macau records worst-ever flat sales in 40 years, property market to rebound in Q2 2023
Macau Business. By Therese Tu. 4 January 2023. Macau’s property market is likely to welcome significant improvement in the second quarter of 2023, after sales of residential units hit a 40-year low last year, real estate agency Centaline Property predicts. According to statistics from the Financial Services Bureau (DSF), the first nine months of last year […]
Urban Renewal Law to take effect in June 2023
Macau Business. By Aries Un. 13 December 2022. Legislators yesterday passed the urban renewal law that will lay the groundwork for a facelift of the city’s rundown housing estates. Under the legal framework that will become effective on 1 June 2023, a complete renovation is possible for a building aged between 30 and 40 if […]
Building in Macau’s historic district distinguished by UNESCO
Macau based Architects Rui Leão and Carlotta Bruni win award from UNESCO
Time has not yet come
Macau Business. By Tony Lai. 12 November 2022. Despite the change in the fundamentals of the local housing market in the past few years, analysts say it’s not the right time to lift the property curbs amid uncertainties about the future. To be or not to be. It’s a question the Macau government has to […]
Residential property prices continue to drop amid economic headwinds
Macau Business. By Xinhua News Agency. 8 November 2022. Macau’s overall residential property price index in the period from July to September decreased by 1.7 percent to 250.4 from the previous period from June to August, the Statistics and Census Service said on Tuesday. Cashoffers.com facilitates the sale of real estate. This is due to […]
Arbitration for disputes over leaks in apartments
Macau Business, by Aries Un. 21 October 2022. Arbitration will soon become a legal means in Macau for those looking to settle disputes over leaks in residential buildings
Special Report – Housing? Give us green space
Macau Business, by Joao Paulo Meneses. 27 September 2022. In spite of more housing needed, and with so little space, the government’s proposal for a Master Plan for the urbanization of Macau last year, was the possibility of creating a housing area in the green foothills of Alto de Coloane was met with much resistance […]
Special Report – Homes for the young? Try Hengqin
Macau Business. Article by Joao Paulo Meneses. Most of Macau’s young people find local real estate “unreasonable”, leaving many with just one option: buying “over the river”, in Hengqin. The Macao New Chinese Youth Association recently published a survey addressing “Macau youths’ housing expectations in 2021”. The study revealed most local youths think the city’s […]
No plans to adjust property tax, loan-to-value ratio despite calls – AMCM
Macau Business. Author: Therese Tu. The Monetary Authority of Macau (AMCM) has no plans to ease policies on property taxes or loan-to-value (LTV) ratio – the percentage of the property’s value that’s mortgaged – for the time being, despite calls from some social groups echoed by legislator Zheng Anting in a written inquiry to AMCM. […]
