Macau’s average residential property price per square metre dropped 21.6 percent to 103,128 patacas in April, the Finance Services Bureau (DSEC) has announced. According to the bureau, the average size of the units amounted to 68 square metres. The average price in Taipa was 139,080 patacas per square metre, up 31.5 percent year-on-year. In Coloane, […]
property prices
Property transactions were slow in the first two months of the year and as speculators are leaving the market they are dropping their asking price by over 20 percent, which has attracted buyers to pick up bargain properties, Centaline (Macau) Property Agency Senior Regional Sales Director Noel Cheung Lai Wah said Wednesday. Cheung also said […]
Macau Chief Executive Fernando Chui Sai On has acknowledged that the city’s property prices are “too high” but he ruled out launching immediate measures to tackle the problem. Chui made the remarks on the sidelines of a reception hosted by the Women’s General Association of Macau (commonly known as Fu Luen) on Friday to mark […]
The average price of residential units rose 22 percent year-on-year to 99,795 patacas per square metre of usable area last year, the Statistics and Census Bureau (DSEC) announced last Tuesday. The average price per square metre of residential units in the Macau Peninsula (95,576 patacas), Taipa (106,316) and Coloane (122,697) rose 19.8 percent, 29.6 percent […]
Local developer Liu Chak Wan, whose company paid about 1.42 billion patacas for two adjacent plots of land in Fai Chi Kei, said yesterday he expected the city’s property prices to remain “stable” for the next two years after which they would increase again. Liu, a member of the government’s top advisory Executive Council (ExCo), […]
The number of real-estate deals and property prices dropped in June, according to stamp duty statistics released by the Finance Service Bureau (DSF) yesterday. A total of 609 units were sold in June, a 17.8 percent drop from the 741 units sold in the previous month. Some 77.5 percent of all units sold in June […]
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