Covid-19 travel restrictions hit gaming industry with knock-on effect on city’s overall economy.
DSEC
Overall unemployment rate now stands at 3.5%; most job-seekers used to work in construction or gaming industries.
Non-resident workers from mainland China, Philippines, Vietnam, Indonesia and Myanmar were the most affected by employment dismissals.
In general, flat prices dipped slightly both on peninsular and in Taipa and Coloane, no matter their age or size, whether high- or low-rise.
Latest figures show visitor numbers dropped 19.6% last month, 30.3% in annual terms, as city feels the pinch from Covid-19 and economic downturn.
Most guests mainlanders or staycationers; figures still well short of pre-pandemic 2019, when almost every bed was filled every night.
Compared to the millions who flocked to Macao back in early 2020, last month’s total of 655,505 – more than 90% mainlanders – was a paltry result.
Covid-19 blamed for fewer arrivals; GBA supplies more than half of Macao’s visitors, with most coming from Zhuhai.
Buying somewhere to live got marginally more expensive, with Taipa and Coloane slightly ahead of the Macao peninsula.