Tag: Property
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‘Concert economy’ boosts real estate transactions in Old Taipa
Macau’s concert scene has had a significant impact on the local real estate market, according to Centaline Property. The number of concerts held in Macau has ... -
Centaline: Market set for stability and recovery this year
Realtor Centaline Property predicts that the Macau property market is poised for a more stable trajectory in 2025, driven by renewed buyer interest and supportive government ... -
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 ... -
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 rose significantly, ... -
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. Poon ... -
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 introduce ... -
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 ... -
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 ... -
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 curb ... -
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 ... -
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. Peter Lok, ... -
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 the ... -
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. Data from the ... -
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. Late ... -
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 ... -
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 end ... -
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 ... -
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 Market Update, ... -
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 official gazette ... -
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 Centaline Property, ... -
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 ... -
Realtor finds financial uncertainties obstructing Asia-Pacific capital deployment
A survey by an international realtor agency has discovered that 78% of investors named pricing uncertainty as the biggest challenge to their capital deployment ambitions in ... -
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 ... -
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 official ... -
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 a ... -
Property transactions tumble 28%
The total value of transactions pertaining to building units and parking spaces in the first quarter of 2022 was MOP7.29 billion, down by 28.3% and 26.4% ... -
Centaline: Premium residential units see new lows in pricing
A regional real property agency observed that prices of local premium residential units have recently experienced a new low. In the statement, Centaline Property recapped that a ... -
PROPERTY | China Overseas Land plunges after sale of homes is blocked
China Overseas Land & Investment Ltd. led property stocks lower in Hong Kong after authorities in the southern city of Shenzhen blocked unit sales by ...
