The overall residential property price index has dropped by almost seven percent in the Macao peninsula, when compared to last year’s figures.
Jones Lang LaSalle
After a downward trend in the first two quarters, Macao’s residential and business rents saw rises between 0.7 to 4.8 percent in three months ending in September.
The good news? More Macao companies plan to increase wages. But before you get too excited, hikes are expected to reach modest levels only.
Hike is mostly due to rises in the cost of food and fuel, the DSEC says, with rents forecast to rise in 2023.
A total of 7,652 residential flats were under construction at the end of March, and the units are expected to be absorbed by the market over the next three years.
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 […]
