The total number of residential property sales in Macao dropped 18.1% year-on-year, which shows a “significant” contraction.
JLL Macau
The number of residential and commercial property sales plunged in the first half of the year amid the ongoing coronavirus-induced economic recession. According to real estate experts, the situation today is similar to 2014, when the property market was reeling from a sharp contraction in gross gaming revenue.