Property prices will face a downward correction, with local Jones Lang LaSalle (JLL) representatives yesterday forecasting a drop of up to 10 percent in prices of residential and retail units.
property market
Lawmakers passed on Thursday, the outline of an amendment bill regulating rental agreements which proposes that the chief executive will be given the right to adjust a coefficient to determine maximum rent increases, based on a raft of factors such as consumer price inflation and the “real” situation of the property market. During the plenum […]
The local property market will go through a “mild correction” of 5 percent in the third quarter, with a possibility of a growth in the fourth quarter with the release of new flats, real estate agencies said on Wednesday. The local offices of Hong Kong-based real estate agencies Jones Lang LaSalle (JLL) and Centaline separately […]
The International Monetary Fund (IMF) in Washington says there is evidence of a “threat of a housing bubble” in Macau and “overvaluation” in the local property market, according to a statement by the Macau Monetary Authority (AMCM) citing an IMF report Macau’s financial sector regulator issued the statement on Friday. The IMF report said that Macau […]