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Latest news on the macau property and real estate market

RESIDENT HOME LOANS DOWN 26.1 PERCENT

According to statistics released by the Monetary Authority of Macau (AMCM) today, new approvals of residential mortgage loans (RMLs) decreased by approximately 26 percent in February this year, when compared to the previous month.There was a decrease (26.1 percent) in ......


Realtor: Property market on upturn

Centaline (Macau) Property Agency, based on its own index analysing the housing prices of 14 residences in Macau, says the spiral in housing prices is coming to an endThe downward trend of the city’s housing prices is softening, Hong-Kong based ......


Local realtor forecasts housing price increase in fourth quarter

Local realtor Centaline Macau Property Agency Ltd. says housing transaction volume decreased 50 per cent in July compared to June and expects the trend to continue in the third quarter.Residents travelling in the summer holidays as well as the turbulence ......


City's average home price down 8 pct in H1, 2015

The fall has been led by about a one-fifth decline in the average price of unfinished flats in the first half of this year, latest official data revealsCity homes have declined in terms of both average price and transaction year-on-year ......


Pre-sales of M Residences reach HK$198 million

Hong Kong developer Lippo Ltd. said the pre-sales of its new housing complex near the reservoir on the Macau Peninsula, M Residences, has brought it profits of some HK$198 million (US$24.7 million) as of Tuesday.The company filed a positive profit ......


Macau house prices down 12.6 pct

The rebound in the local real estate market has taken a breather by 12.4 per cent and 12.6 per cent month-on-month, respectivelyThe local property market has headed south again. The number of transactions in residential flats in May dropped to ......


One Oasis marketing man forecasts housing recovery

The marketing director of the One Oasis housing development, Wilson Chung, expects the price of housing in Macau to begin rising again in the second half of this year.“After a decline in prices in the last quarter of 2014 and ......


M Residences ready for occupation by third quarter

The new housing complex near the Macau Peninsula reservoir, M Residences, invested in and developed by Hong Kong-listed Lippo Ltd., will be ready for occupation within two to three months, Business Daily has learnt from estate agencies.The 13-storey residence, situated ......


Housing prices stabilising, says property association head

Businessman and former legislator Ung Choi Kun, who heads a local property association, predicts that the housing prices of the city for the remainder of the year will be rather flat and are not likely to decrease furtherThe local real ......


Housing prices rise 12.6 per cent in April

The market has continued rebounding. The latest official data shows that both the number of transactions and prices in the local home market recorded month-on-month increases in April, of 61.9 per cent and 12.6 per cent, respectivelyThe local real estate ......


Housing prices to rebound 10 pct in Q2

Following an accumulative drop of more than 20 per cent since the third quarter of last year, housing prices have been going up since February, says Centaline Property.Housing prices are rebounding, Centaline (Macau) Property Agency Ltd. claims, forecasting that housing ......


New home mortgages jump to MOP5.3 bln in February

Banks approved new mortgage lending for housing in Macau worth MOP5.3 billion (about US$662 million) in February, 37.8 per cent more than in January, official data indicate.The Monetary Authority of Macau says 97.9 per cent of the new lending was ......


Q1 shop rents drop by one-fifth, estate agents say

Estate agents say the average rent for a shop in Macau was about 20 percent lower in the first quarter of this year than a year earlier, pulled down mainly by rents in prime shopping areas for tourists, Business Daily ......


Cooling down

Inevitable. Macau’s average housing price dropped 1.17 pct Y-o-Y in February. Meanwhile, housing transactions continue to shrink. The MSAR CE recently conceded that housing prices remain at a high level.The city’s average housing price showed a 1.17 per cent year-on-year ......


Agile Property pre-sales down 22 pct Y-O-Y in February

Guangzhou-based property developer Agile Property Holdings Ltd. gained 2.46 billion yuan from pre-selling its residential projects in Mainland China in February this year, according to its latest unaudited operating figures filed with the Hong Kong Stock Exchange on Monday evening ......


Rental rates stabilizing

According to JML Property, the first quarter of this year saw a slowdown in rental rates, which was largely attributable to the city’s decreasing demand for rental property, as some resort hotels and casinos have reduced costs spent on staffing ......


Housing prices drop 11 pct in January

The market is cooling, in terms of prices and transactions. Official data reveals that the average housing price had dropped by 11 pct in January. Former legislator Ung Choi Kun predicts that prices may continue to drop, but only for ......


Look before you leap

Some developers have it, most don’t. Looks like it doesn’t matter in Hengqin. Permits for pre-sold flats. The deputy director of the District Management Committee of Hengqin New Area, Wang Rui Sen, has confirmed local fears.The deputy director of the ......


Macau Property Opportunities portfolio value dips 2.1 per cent

The fund managed by Sniper Capital lost 2.1 per cent of its portfolio value in the last six months. The company announced that the construction of the Senado Square retail project is now expected to begin in early 2016.The value ......


No promises

Both SARs made statements on housing policy on Friday. Hong Kong announced further cooling measures. While Macau CE Chui Sai On adopted a non-committal approach.Macau Chief Executive Fernando Chui Sai On said he was not making any promise to change ......


Fifth of property agencies shut down in 2014

Macao Daily says that the relatively few transactions in the real estate market last year pressured the operations of small and medium sized agencies, and claims that nearly 20 per cent of these smaller agencies have closed.Nearly 20 per cent ......


Real estate breather

Local housing prices could drop. By as much as 20 pct this year. That’s according to the head of the Macau General Association of Real Estate. Triggered, says Chong Sio Kin, by the slowdown in the gaming industry.Housing prices will ......


Macau Property Opportunities Fund (MPO) buys luxury residence on Penha Hill

The company was also granted an occupancy licence for ‘The Fountainside’ project and is expecting to cash in HK$147 million in final payments related to this investmentMacau Property Opportunities Fund (MOP) has acquired a luxury private residence on Penha Hill ......


Fewer Macau homes sold for more money in 2014

Fewer homes were sold in Macau last year than the year before, and they fetched higher prices, official data show. The Statistics and Census Service says the number of homes sold fell by 36.7 per cent to 7,625.The average price per ......


Non-residents rally to real estate

Macau property retains its allure. More than five times more mortgage loans were approved for non-residents from December 2013 to December 2014.Macau banks granted new residential mortgage loans to non-residents to the value of MOP175.8 million in December 2014, representing ......


China State projects valued at HK$167.5 bln in January

In Macau, the company is building a residential and commercial development project for Shun Tak Holding’s subsidiary company Nova Taipa Urbanization Ltd.China State Construction International Holdings Ltd. has announced that new contracts awarded for construction projects in Macau totalled HK$5.4 ......


Realtors expect 8 to 10pct increase in home prices this year.

For this year, the local unit of Hong Kong’s Ricacorp Properties Ltd. says it does not anticipate strong investment sentiment for Macau’s high-end homes, especially luxury unfinished flats, against the background of continual decline in gaming revenues and a slowdown ......


Macau housing prices continued to surge last year...

Housing prices continued to surge last year, racking up MOP100,156 (US$12,519) per square metre - a growth of 21 per cent compared to the average cost of MOP82,776 per square metre in 2013, the latest data released last Friday by ......


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RESIDENT HOME LOANS DOWN 26.1 PERCENT

According to statistics released by the Monetary Authority of Macau (AMCM) today, new approvals of residential mortgage loans (RMLs) decreased by approximately 26 percent in February this year, when compared to the previous month.There was a decrease (26.1 percent) in ...

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