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Day: February 18, 2016

Property prices in Macau drop 13 percent in 2015

Property prices in Macau drop 13 percent in 2015

The average price of residential units in 2015 dropped by 13 percent year-on-year to 86,826 patacas per square metre of usable area, the Statistics and Census Bureau (DSEC) announced on Wednesday. The average price per square metre of usable area of pre-sale residential units fell by 23.5 percent to 119,526 patacas, while the average price […]
Macau reserves swell to 345 billion patacas in 2015

Macau reserves swell to 345 billion patacas in 2015

The financial reserves and other asset values of the Macau Special Administrative Region (MSAR) rose by 2.4 billion patacas to 345 billion patacas last year, the Macau Monetary Authority (AMCM) announced on Wednesday. According to the announcement published in the Official Gazette (BO), the MSAR’s “basic reserves” amounted to 131.88 billion patacas and its “extraordinary […]
Macau legislature’s work ‘far from satisfactory’ says Ho Iat Seng

Macau legislature’s work ‘far from satisfactory’ says Ho Iat Seng

Legislative Assembly (AL) President Ho Iat Seng said on Wednesday the legislature’s performance was “still far from satisfactory”. Addressing the assembly’s Chinese New Year media luncheon at Macau Tower, the city’s top lawmaker said the legislature had encountered some rather big challenges and difficulties, pledging to “meet the challenges” with all of his fellow legislators. […]