CE: Real estate market development to stabilize

The Chief Executive is convinced that the real estate market development in Macau is due to reach a state of stability and balance. In a meeting with representatives from the civil construction sector, Chui Sai On said that the government is looking to promote sustainable development of the real estate market.
“Following an economic adjustment and an anticipated increase in supply, [we] will benefit from a more balanced and stable market,” he said.
The CE met with civil construction sector representatives to discuss plans for reclamation Zone A, as well as discussing government housing policies.
He said that the government’s housing policy intends to reach a balance between the private and public sectors. Furthermore, he stressed that social housing is a priority, whereas affordable housing will play a secondary role.
The CE’s office said in a statement that members of various civil construction associations have agreed with the conceptual project for reclamation Zone A, which is part of five planned reclamation zones.
Nevertheless, civil construction sector representatives have said that Zone A will be located near the northern district and may therefore be affected by demographic pressures in the future.
They reinforced the need for the government to proceed with the redevelopment of older neighborhoods, and to plan transportation systems, which would include reserving space for the construction of underground transportation facilities. CP

chui sai on denies being a ‘yes-man’

Chief Executive Chui Sai On has said that he is not going to fulfill all the requests raised to him before the CE election. Speaking to journalists, he claimed that every policy has to be analyzed and that members of the public have to be consulted. “We have to have reference and studies [when making policies]. I think I am not a yes-man CE and I don’t dare to accept this title. [However] I am willing to listen to people’s opinions, especially those that are concerned with the administration of the upcoming five years.”