Residential property transactions increased 30% in October

The Financial Services Bureau recorded 253 residential property transactions in October, an increase of 31% (60 units) compared to the previous month, with 183 transactions on the Macau

Commercial property rebounds amid rate cuts

The climate for commercial and industrial properties has significantly improved in recent months, according to realtor Centaline. Last month, commercial and industrial shop transactions

Property market struggles despite lifting restrictions

The residential property market continues to face challenges despite the lifting of market restrictions in April, with transaction numbers and prices hitting multi-year lows in August.

Centaline: Guangzhou eases home purchase restrictions to attract foreign investment

Stanley Poon, the managing director of Centaline Property, welcomed Guangzhou’s recent decision to ease home purchase restrictions for residents of Hong Kong, Macau, and Taiwan.

Eviction for problem tenants with three months unpaid rent

The government plans to revise the requirement for initiating the simplified eviction process from five months’ rent arrears to three months. The deposit will no longer

Sniper Capital targets Taipa Village for six new projects

Sniper Capital, a real estate investment firm, has unveiled plans for six new property projects in the heart of Taipa Village. The latest ventures will

Property market shows signs of recovery following removal of cooling measures

Macau’s property market experienced a significant rebound in the second quarter of 2024 after the lifting of purchase and sale restrictions, according to a recent report by

Group urges further cut to 15% down payment requirement

A Macau property group is calling on the government to reduce the general down payment requirement for local homebuyers to 15%, saying recent signs point to stabilization

Property market bounces back strongly after cooling measures lifted: Centaline

The property market in Macau has seen a sharp turnaround in recent weeks after the government lifted all its cooling measures that were imposed to

Property market booms after cooling measure lifted

  The removal of three major cooling measures last weekend has sparked a rapidly growing property boom in Macau’s market, especially among first-time home buyers. Developers have seized

Bill to remove cooling measures approved in one shot

The recently announced bill to remove cooling measures for the property market has been passed and approved at the Legislative Assembly (AL) in a single take.

Association seeks more gov’t support for struggling sector

The head of the Macau Real Estate Development Association called on the government to further support the struggling property sector by loosening market restrictions.

Prospective gov’t housing buyers complain unreasonable pricing scheme

A group of 135 households yesterday submitted their petition to Chief Executive Ho Iat Seng asking him to reconsider the new Economic Housing pricing scheme. The

Chambers warn of grim post-pandemic property market

Real estate associations have continued to stress that the property market in the SAR has not improved, even after the pandemic, amid robust growth in

Residential units transactions up in 2023

The purchase and sale of residential units rose 70 year-on-year to 2,879 units, and the total transaction value swelled 1.8% to MOP18.30 billion.

Int’l realtor hopes gov’t lifts all cooling measures

Foreseeing a tough real property market in Macau in 2024, an executive at an international realtor suggested yesterday the government fully lift its cooldown measures.

Order to liquidate property giant Evergrande is one step in fixing China’s debt crisis

A Hong Kong court’s order to liquidate China Evergrande, the world’s most heavily indebted real estate developer, is only a tentative step toward resolving a debt crisis

Gov’t expands access to loans for developers to end its prolonged debt crisis

China has rolled out new rules meant to expand access to commercial bank loans for property developers as Beijing doubles down on its effort to

Int’l realtor anticipates investment clarity in 2H24

Investment forecasts will be “a game of two-halves” this year, with the second half of the year to bring greater clarity. Speaking at the sidelines of

Evergrande’s EV company says police have detained one of its top executives

A top executive of China Evergrande’s electric vehicle company has been detained by police in the latest sign of trouble for the world’s most heavily indebted property developer.

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MACAU DAILY TIMES