The hike 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.
Business
The government says the city experienced inflation of less than one percent across 2023 – far lower than the global average of almost seven percent.
Macao can improve the visitor experience without much trouble. Gaming consultant and Macao resident Alidad Tash explains the path forward.
The government crackdown has reportedly pushed both gamblers and junket operators themselves towards less regulated Southeast Asian casinos.
Official figures show July was the best performing month for hotels, with festive season demand pushing December into second place.
In financial terms, the company did significantly better in 2023 than it did in 2022, but the numbers still fall well short of pre-pandemic totals.
Robert G. Goldstein, CEO of parent company Las Vegas Sands, said he was ‘extremely pleased’ with the latest financial and operating results.
Launched at the end of 2021, the depository plays a key role in the SAR’s emerging financial sector, in particular the securities market.
Macao’s financial reserve bounced back from declines last September and October, reaching a total of 574.4 billion patacas at the end of the first 11 months of 2023.