Residential mortgage approvals dipped to 1.01 billion patacas, while commercial property loans fell by 22.5 percent to a mere 685.51 million patacas
Business
Industry insider David Bonnet questions whether Macao’s gross gaming revenue will hit the government’s forecasted monthly average of 20 billion patacas this year
Labour and hotel room shortages, and issues with transport, have been cited as factors holding back Macao’s ambitions to become a global events destination
Ung Choi Kun was speaking in response to data showing that there were just 3,057 property transactions in Macao last year, less than half of the pre-pandemic figure
However, CTT warns customers that ‘adjustments to the United States postal service policies cannot be ruled out at any time’
More than US$28 billion worth of debt was raised in Macao in 2024, a third higher than the previous year
The downward spiral in Macao’s property market continued apace last year, causing headaches for homeowners and investors
More tourists in 2024 compared to 2023 meant Macao’s overall haul increased, but both same-day and overnight visitors spent significantly less per head
Parts of City of Dreams Sri Lanka are already open, including the Cinnamon Life hotel, the restaurants and wellness centre