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Rental rates stabilizing 03/06/15

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 in the face of plummeting gaming revenues. Nevertheless, the territory’s overall demand for budget apartments of MOP15,000 and under still remains high. It is expected that for the upcoming months rental rates will likely still stay constant and stabilized.

Source http://macaudailytimes.com.mo/rental-rates-stabilizing-due-to-fall-in-gaming-revenue.html

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