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 […]
Macau New Neighbourhood main structure completes, sales to begin by year-end
Macau Business. By Therese Tu. 16 February 2023. Macau New Neighbourhood is one of the first signature initiatives to attract Macau residents to Hengqin. It is expected to house a community of 12,000 to 15,000 inhabitants. The main structures of the 27 residential towers and school buildings of the Macau New Neighbourhood on Hengqin Island have been […]
Property group calls for measures to boost housing sales
Macau Business. By Aries Un. 2 February 2023. Macau’s biggest property organisation has urged local authorities to review policies designed to rein in property speculation after three years of economic stagnation. Ung Choi Kun, president of the Association of Property Agents and Realty Developers of Macau, told media on the sidelines of a Lunar New […]
Ambiente Macau in the News
Ponto Final. By Andre Vinagre. 20 January 2023. Suzanne Watkinson and Terence Lo of Ambiente Macau give their views on the future of the residential rental market in Macau. See more … Translation from Portuguese Housing rents will increase in the coming months. For example, the rent for a one-bedroom apartment renting HKD9,000 – HKD10,000 […]
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 […]
