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.

JLL: Global economic slowdown weighs on SAR’s property market

Macau's property market is being affected by interest rate hikes, global economic slowdown and mainland China’s slowing economic recovery. In its 2023 GBA Residential

Hong Kong cuts taxes for foreign home buyers, stock traders to maintain global status

Hong Kong’s leader yesterday cut taxes for some homebuyers and stock traders to boost markets as the city seeks to maintain its reputation as a global

Income ceilings for sandwich-class housing application set

The government has established the minimum and maximum limits for the income of those aiming to apply for the so-called “sandwich-class housing.” The government’s

Residential rent down, while commercial spaces up slightly

Average rent for those with an area between 50 and 99.9 square meters and for those with a floor area between 100 and 149.9 square meters

Demand for commercial spaces in Old Taipa rebounding: Centaline

Demand for commercial rental spaces in Old Taipa is gradually rebounding as rent prices are recovering up to 80% of pre-Covid levels. According to

China’s policies on property, consumption to support growth in H2: Economist

The weakness in the property sector during the first half of the year has dragged down the economy, prompting the government to optimize property policies to support economic growth,

Realtor finds financial uncertainties obstructing Asia-Pacific capital deployment

A Further, 70% believed that uneven and unpredictable global interest rate policies would impact their investment decisions. The findings were announced by realtor firm

Developers association head calls for loosening restrictions to lower prices

Certain realty transaction restrictions should be reviewed to ensure healthy development of the market, Ung Choi Kun, president of the Association of Property Agents and Realty Developers

Real estate transactions down in Q2, pre-sales fall 20%

Real estate transactions fell over the second quarter of 2022 (Q2), official statistical information from the Statistics and Census Service (DSEC) shows. According to the

Realtor finds core of shop sales relocated to livelihood districts

Property transactions involving shops in main streets or roads in traditional residential districts have gained in the first half of the year, an executive at

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