Apartments on the peninsula are pricier than the islands, while it is still cheaper to buy an older property.
The total number of residential property sales in Macao dropped 18.1% year-on-year, which shows a “significant” contraction.
Macao’s overall residential property price index for June-August dipped by 0.3% over the previous survey period (May-July) to 268.0.
The Macao Special Administrative Region’s (MSAR) average residential property price dropped to below MOP 100,000 (US$12,500) per square metre last month.
The number of property units sold last month fell 43.7% year-on-year to 443.
Property prices will face a downward correction, with local Jones Lang LaSalle (JLL) representatives yesterday forecasting a drop of up to 10 percent in prices of residential and retail units.
The average price of residential units in 2015 dropped by 13 percent year-on-year to 86,826 patacas per square metre of
Macau’s average residential property price per square metre dropped 21.6 percent to 103,128 patacas in April, the Finance Services Bureau
Property transactions were slow in the first two months of the year and as speculators are leaving the market they
Macau Chief Executive Fernando Chui Sai On has acknowledged that the city’s property prices are “too high” but he ruled
The average price of residential units rose 22 percent year-on-year to 99,795 patacas per square metre of usable area last
Local developer Liu Chak Wan, whose company paid about 1.42 billion patacas for two adjacent plots of land in Fai
The number of real-estate deals and property prices dropped in June, according to stamp duty statistics released by the Finance