Macao GDP rises 18% in 2021 but shrinks 4.4% in Q4
The Macao News . 6 March 2022. By staff reporter Though economic situation “remained volatile” in 2021, Macao still has one of the highest GDP per capita in the world. Macao’s gross domestic product (GDP) grew by 18 per cent year-on-year in real terms last year, but shrank by 4.4 per cent year-on-year in the […]
Macao residential property prices edge upwards in Q4
The Macao News . 9 February 2022. By staff reporter Macao’s overall residential property price index for the fourth quarter increased by 0.3 per cent over the previous quarter to 267.6, the Statistics and Census Bureau (DSEC) has announced. The bureau noted that the indices for the peninsula (267.2) rose by 0.3 per cent, while […]
OPINION – Tipping points and economic recovery in Macau
Macau Business. January 2022. by Keith Morrison – Author and educationist. New year; old problem. As the pandemic rolls on, so many calls for economic diversification in Macau as a survival strategy have been heard, loud and long, that, as the law of diminishing returns tells us, their effects recede. Macau still looks to tourism […]
High costs a problem for would-be house buyers, survey reveals
The Macau News. December 2021. by staff reporter. Most young people in Macao want to own their own home, but meeting the down payment is a huge hurdle. The Macao New Chinese Youth Association said the survey revealed that most local youths think that the city’s housing prices are “unreasonable”, and that the “most difficult” part of […]
Macau and Hengqin: Building a symbiotic relationship
Macau Business. November 2021. By José Luís de Sales Marques. A symbiotic relationship is one that is characterized as a “close physical association between two or more dissimilar organisms”; it could also mean a “close, cooperative, or interdependent relationship” (Merriam- Webster). Macau and Hengqin couldn’t be more dissimilar, for Macau’s five centuries of urban history […]
Tenant Market
Macau News Agency, September 2021. While the average transaction price of residential sales remains stable at the moment, after struggling in the beginning of the Covid-19 pandemic, the rental segment continues to feel the pinch. A 2,000+ square feet four-bedroom flat in casino-hotel-housing complex “L’Arc” would be rented out for as much as MOP55,000 (US$6,875) a month just two […]
Typhoon Tips
Macau Lifestyle Magazine, 25 July 2021. Article written by Ambiente’s managing director Suzanne on how we can best prepare for the typhoon season here in Macau. Read more
Long way to go for real estate market recovery.
Macau Daily Times. 3 August 2021. The city’s property market remained stagnant with no significant improvement despite the increase in visitors since the reopening of the border with China last year. This was the verdict of real estate firm JLL in its Macau Mid-year Review 2021. Read more
Bank signs agreement easing cross-border real estate registration
Macau News Agency. 29 July 2021. Local bank Industrial and Commercial Bank of China (Macau) Limited has signed an agreement to allow for real estate registration between Zhuhai and Macau without the need for border crossings. more info
