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 the first quarter of this year, we expect the market to recover during the second half and prices to increase by 10 per cent to 15 per cent,” Mr Chung told reporters.
He assumes that between 8,000 and 8,500 homes will be sold this year. Last year 7,500 were sold.
Mr Chung expects any upturn in interest rates this year to do little to curb demand for housing because the rise in borrowing costs would be gradual.