Chau was given an 18-year prison sentence earlier this year after being convicted of scores of counts of fraud, criminal association and illicit gaming activities.
real estate
Due to start within the next few months, the auctions aim to raise public revenues and ease Macao’s housing high-priced market.
Lisbon, Porto and the Algarve are the most popular destinations; foreign buyers estimated to make up 11% of the market.
Both commercial and residential sales rise as banks hand out loans and government backs first-time buyers.
Judge orders David Ng Lap Seng’s early release due to fears that the 72-year-old could be infected with Covid-19 in prison.
Macau gaming and junket businesses produced 50.5% of Macau gross domestic product (GDP) at producers’ prices, based on the production approach calculation.
The average price of residential units rose by 7.5 percent year-on-year to 108,427 patacas per square metre of usable area last year, the Statistics and Census Bureau (DSEC) announced.
Local property agency Mcore Properties forecast that home prices in the city will rise up to 10 per cent this year, boosted by local residents’ strong demand for housing and a stronger economic performance.
The number and value or real-estate transactions rebounded in the second quarter after three consecutive quarters of decline, the Statistics and Census Bureau (DSEC) announced on Monday. In the second quarter, 3,038 building units and parking spaces were bought and sold at 18.03 billion patacas as per stamp duty records, up by 63.7 percent and […]
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