Macau’s Portuguese strive to preserve their cultural heritage
As the casino city approaches the 25th anniversary of its handover to China, the challenges in Macau for the expat community are growing.
Lawmakers pass bill axing all property market curbs
Macau Post Daily, 19 March 2024. By Tony Wong On 18 March 2024 the Legislative Assembly (AL) unanimously passed a government-initiated bill axing all cooling measures for the property market. The new law will cancel an additional 10-percent stamp duty levied on those buying a third residential unit, an additional 10-percent stamp duty on non-local […]
Ryan Choi of Ambiente Macau speaks with Ponto Final
1 March 2024. Ryan Choi, general manager of Ambiente Macau was interviewed by Ponto Final to give his thoughts on the impact in Macau of Hong Kong’s cancellation in February of restrictive measures for the real estate industry there. Ryan believes that Macau will likely need to follow suit to support a flagging real estate […]
How will this impact Macau? Hong Kong scraps all property curbs in radical bid to boost ailing market
South China Morning Post. SCMP reporters. 28 February 2024. In his 2024-25 budget today Hong Kong finance chief Paul Chan Mo-po has announced the city will remove all restrictions on property transactions as part of his solutions to the sluggish economy and shrinking fiscal reserves in what some analysts are calling the most difficult budget blueprint […]
‘If Macao can be a 100 percent free market, confidence will be regained,’ says real estate expert
Macao News, by Staff Reporter. 8 February 2024. JLL Macau wants the government to drop all property market cooling measures, a move he says was key to realising buyers and sellers’ expectations. Macao’s property woes are worsening, according to real estate company Jones Lang LaSalle (JLL). The company predicts that rents will rise by up […]
Rents rose by 10 percent in 2023, says the real estate sector
The hike in rents in Macau last year was driven by locals preferring to rent rather than buy in the present economy, along with demand from both non-resident workers and mainland Chinese students.
British Consulate-General gathering at Ambiente offices
Ambiente Macau’s offices was the venue for a British Consular gathering in Macau held on Thursday 18th January 2024. Consul information from the Consular team, British Consulate-General, Hong Kong & Macau was given through a short presentation made to a group of about 25 British subjects living in Macau. Ambiente’s offices provided a relaxed and […]
Residential property price index down by nearly 2 pct between Sept and Nov
Macau News Agency. 9 January 2024. By Aries Un. Residential property prices in Macau experienced a decline of nearly 2 per cent in the September-November period in 2023, standing at 235.5, according to the Statistics and Census Service. The overall property price index dropped by 1.8 per cent, with the Macau peninsula down by 1.4 […]
Ambiente in the News: BD Manager Terence Lo comments on new policies that could benefit the real estate market
Hoje Macau. 24 November 2023. By Andreia Sofia Silva. A proposal to amend the 2008 law that reduces the stamp duty charge of five percent for anyone purchasing a second home for residential purposes has been accepted by the Legislative Assembly. The new policy will come into effect on 1 January 2024. Analysts applaud the […]
