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 years ago. But a recent rental transaction of a similar flat in the same project has made many people in the real estate industry drop their jaws — the latest cost was only MOP17,500 a month. And this is not an isolated case. See more