Apartments on the peninsula are pricier than the islands, while it is still cheaper to buy an older property.
housing prices
Average price of existing residential units rose 9.7 per cent quarter-to-quarter to 105,575 patacas in the second quarter.
The outstanding value of home mortgage loans amounted to 215.7 billion patacas at the end of last year, a year-on-year growth of 13.9 percent, the Macau Monetary Authority (AMCM) said.
Housing prices dropped 22 percent last year and without anything expected to stimulate the local economy, the local office of Hong Kong estate agency Centaline Property said that it hoped the drop in property prices won’t exceed 20 percent this year. Centaline (Macau) Property Agency Director Jacky Shek Pou Tak and Senior Regional Sales Director […]
Sales and rental prices for shop units and office and industrial building spaces have continued to drop but housing prices will not go further down with prices returning to the level they were at the start of the year, Centaline (Macau) Property Agency Director Jacky Shek Pou Tak predicted on Tuesday. Shek made the forecast […]
Housing prices have dropped 30 percent from their peak and there is no sign of growth in the number of transactions, supply or price during the second half of this year, Ricacorp Macau Managing Director Jane Liu Zee Ka said on Wednesday. Liu made the remarks during a press conference at the Emperor Hotel in […]
Local housing prices will remain stable in the first half of the year as the market is still in its adjustment period but things will pick in the second half of the year with prices expected to rise up to 20 percent, Centaline (Macau) Property Agency Director Jacky Shek Po Tak said Wednesday. Shek made […]
The city’s housing prices may have skyrocketed over the past decade but its current housing price levels are “reasonable”, Centaline (Macau) Property Agency Director Jacky Shek Pou Tak said Monday. Shek spoke to reporters on the sidelines of the company’s 10th anniversary bash. “Housing prices have multiplied over the past 10 years but if you […]