Gov’t to launch measures to control housing market

The government is planning to launch mortgage- and tax-related measures designed to control the price of Macau housing and promote the healthy development of the real estate market, the Government Information Bureau  said in a statement.

According to the note, Chief Executive (CE) Chui Sai On announced the measures over the weekend, during a media briefing that concluded his four-day visit to Beijing.

“The Government has studied measures to control the city’s high housing prices closely, and has received a number of suggestions from the community,” said Chui. He added that in 2018, the government will begin work on a long-
term mechanism for sharing fiscal reserves, as well as the establishment of an investment and development fund.

The CE also said the government would soon announce the quotas for local entities seeking to operate cross-border transport services via the Hong Kong-Zhuhai- Macau Bridge (HKMZB). These include private vehicles, official vehicles, coach services and taxis.

The note added that the issue “is still being discussed between Hong Kong, Zhuhai and Macau [authorities].”  RM