New mortgage loans down by 36 pct in June
Macau Business News. 10 August 2023. Newly approved residential mortgage loans (RMLs) amounted to MOP 1.68 billion in June, indicating a significant decline of 36.2 pe cent compared to the previous month, the Monetary Authority of Macau (AMCM) indicated. According to the AMCM, the monthly average of new RMLs approved between April and June 2023 […]
Property agency urges easing of property curbs, home prices in Macau expected to drop 5 pct in 2023
Macau Business. 26 July 2023. By Tony Lai. Property agency JLL Macau has urged the Macau government to ease some of the existing curbs on the housing market as the sluggish global and mainland Chinese economies continue to dampen the market, which is expected to see home prices decline by a further 5 per cent […]
Northbound travel scheme causes drop in commercial property rental prices
Drop in commercial property rental prices in residential areas due to northbound travel scheme
Ambiente Macau wins International Property Award: Property Agency Consultancy, Macau
Ponto Final. 5 June 2023. By Rita Gonçalves. Ambiente Macau was delighted to be able to represent Macau on the international stage in Bangkok last week and to receive the International Property Awards’ 2023-2024 5-Star Property Agency Consultancy Award, Macau. Read More for the full article in Ponto Final (in Portuguese) Article
Macau’s residential rents fall 1.5 pct Q-o-Q in Q1 2023
Macau Business. By Newsdesk. 10 May 2023. Macau’s real estate market experienced a decline in rents for the first quarter of 2023, according to statistics released by the Statistics and Census Service (DSEC). The data revealed that the average rent per square metre of usable area for residential units in Macau was MOP130 (US$16), down by […]
Macau’s commercial property sales to hit MOP 1.32 bln in Q2
Macau Business. 19 April 2023. By Therese Tu. Macau’s commercial property sales are expected to increase by 22 per cent in the second quarter of 2023, with the total amounting to MOP 1.32 billion, real estate agency Centaline Property said. According to its estimate, commercial leasing volume is likely to go up by 15 per cent quarter-on-quarter, […]
Gov’t to draw businesses to fill Macau New Neighbourhood complex
Macau Business. 27 March 2023. By Airies Un. The 4000 apartments, in 27 blocks, in Macau New Neighbourhood complex on Hengqin Island were topped out last December, with refurbishment now underway. They are expected to go up for sale in the second quarter of 2023 with each unit to cost RMB30,000 (US$4361/ MOP35,300) per square […]
LRT connection between Taipa and Barra likely to become operational later this year
“For many residents living on the Macau peninsula, especially around Sai Van lake and the Barra to Red Market and Green Island areas and employed on Cotai, having a light rail connection from Barra to Taipa is expected to be a game changer when it comes to commuting to work. From their homes they can […]
1.4 million visitors to Macau in January
Macau Business. 20 February 2023. Newsdesk. The number of visitor arrivals in January 2023 surpassed the one million tally for the first time in three years, as the city’s tourism industry benefited from the lifting of pandemic restrictions and the Lunar New Year holidays. The Statistics and Census Service (DSEC) reported that the city welcomed […]
