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JLL foresees a stable property market in Macau before end of the year

JLL foresees a stable property market in Macau before end of the year

The local property market will go through a “mild correction” of 5 percent in the third quarter, with a possibility of a growth in the fourth quarter with the release of new flats, real estate agencies said on Wednesday. The local offices of Hong Kong-based real estate agencies Jones Lang LaSalle (JLL) and Centaline separately […]
Macau residential and commercial mortgage loans decline

Macau residential and commercial mortgage loans decline

New approvals of residential mortgage loans (RMLs) and commercial real estate loans (CRELs) declined in May 2015, according to statistics released by the Monetary Authority of Macau on Monday. In May 2015, new RMLs approved by Macau banks decreased 14.5% month-to-month to MOP 3.7 billion; of which, 96.3% was extended to residents. In terms of […]
Chinese online payment Alipay now accepted in Macau shops and restaurants

Chinese online payment Alipay now accepted in Macau shops and restaurants

Local shops and restaurants installed with Macau Pass card reading terminals can now apply to upgrade them so that they can also accept payments made by Alipay Wallet mobile application and UnionPay QuickPass cards, Macau Pass’s managing director George Zhang announced on Friday at Macau International Electronics & Global Audiovisual Expo 2015. “This new service […]
Home prices down 30 pct, no sign of growth in second quarter

Home prices down 30 pct, no sign of growth in second quarter

Housing prices have dropped 30 percent from their peak and there is no sign of growth in the number of transactions, supply or price during the second half of this year, Ricacorp Macau Managing Director Jane Liu Zee Ka said on Wednesday. Liu made the remarks during a press conference at the Emperor Hotel in […]
Macau jobless rate rises to 1.8 pct

Macau jobless rate rises to 1.8 pct

Macau’s estimated jobless rate rose by 0.1 percentage point to 1.8 percent in March-May from the February-April survey period, the Statistics and Census Bureau (DSEC) announced on Monday. Year-on-year, the rate also increased by 0.1 percentage point. The city’s total labour force stood at 405,700 and the labour force participation rate amounted to 74 percent […]
Macau exports and imports fall in May

Macau exports and imports fall in May

Macau’s exports and imports fell in May, the Statistics and Census Bureau (DSEC) said on Monday. Exports fell 5.9 percent year-on-year to just 874 million patacas. Re-exports accounted for 82.2 percent of all exports. Both Re-exports and domestic exports were down. Imports dropped 4.3 percent to 6.9 billion patacas, resulting in a trade balance deficit […]
Macau’s imported workers reach 179,416

Macau’s imported workers reach 179,416

Macau’s number of imported workers – popularly known as blue card holders – reached 179,416 at the end of last month, up 17.8 percent year-on-year, the Human Resources Office (GRH) has announced. Macau’s total workforce stood at 405,800 in April, according to the latest available employment figures by the Statistics and Census Bureau (DSEC). Mainlanders […]
Macau’s GDP expected to contract 24 pct in 2015, EIU says

Macau’s GDP expected to contract 24 pct in 2015, EIU says

The Economist Intelligent Unit (EIU) has significantly increased its economic contraction forecast for the Macau economy this year to 24.0 percent, according to a report produced on 17 June. In the previous report, produced five days before, on 12 June, for this year the EIU outlined a contraction of just 6.0 percent. The EIU also […]
Leong hopes to strike Macau-Guangdong investment deal today

Leong hopes to strike Macau-Guangdong investment deal today

Secretary for Economy of Finance Lionel Leong Vai Tac said on Thursday he hoped that through today’s meeting with Guangdong officials the two sides could reach an agreement on the framework for the local government’s plan to invest part of its huge reserves via the Guangdong government. Leong is accompanying Chief Executive Fernando Chui Sai […]
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