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Commercial property rents in Central Macao retreat to 2010 levels

Commercial property rents in Central Macao retreat to 2010 levels

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.
Macau’s residential property prices fall 4.2 per cent in Q1

Macau’s residential property prices fall 4.2 per cent in Q1

The average price of residential units decreased by 4.2 per cent quarter-to-quarter to 72,955 patacas per square metre of usable area in the first quarter, the Statistics and Census Bureau (DSEC) announced on Tuesday. The average price of pre-sale residential units dropped by 8.9 per cent to 94,165 patacas per square metre. The average price […]