29 C
Macau
Thursday, August 17, 2017
The MSAR Government disbursed some MOP342 million (US$42.47 million) for the maintenance of condominiums via the Building Maintenance Fund by the end of July. A total of 2,862 cases were approved for receipt of the subsidy, with the most...

Problems solved

Applicants for economic housing who got married during the waiting period will be approved to sign the deeds, the Housing Bureau (IH) announced in response to an interpellation made by legislator Ella Lei Cheng I. The Bureau claimed that it...
The Housing Bureau (IH) has introduced an online service that allows real estate brokerages and agents to update their information or to make declarations via an online account. Real estate brokerages can create their online account on the Bureau’s official...
Residents account for nearly 98 pct of residential mortgage loans in June
Cheoc Van residents are up in arms. Blocking a proposal to transform their ‘clubhouse’ into a budget hotel. Citing right to the space. And decrying two decades of management company inactivity. Residents are demanding any change should include a mall or restaurant as zoned.
Overall index shows highest yearly and quarter-to-quarter growth in Taipa and Coloane
Two years in the making, but finally passed. The bill on the management of common areas of condominiums was unanimously approved, but is still facing headwinds as legislators query guard and doormen training, and responsibility for paying management expenses by owners in cases where buyers don’t yet have full ownership.
The MSAR Government had distributed a total of MOP29 million (US$3.6 million) to support the maintenance of lifts within buildings as at the end of July. According to information provided by the Housing Bureau, a total of 195 cases were...
Two years since first being proposed, the new rental bill has finally been approved by the third standing committee and is expected to go for a vote in the Legislative Assembly before August 15
The Land, Public Works and Transport Bureau (DSSOPT) has started a public consultancy for designating the use of 10 land plots, as announced on the official Urban Planning Information website. The public consultation period will last until August 8...
The Macao Association of Building Contractors and Developers arouse yesterday its concerns regarding the proposed rental legislation. The Association was specially worried about the articles related to rental price setting.
Joy Choi Tin Tin , the architect currently in charge of renovating the Grand Hotel
Over 360 real estate agencies and companies posted a whole page statement in Friday’s issue of Chinese language newspaper Macao Daily, urging the government to suspend the revision of the rental law. ‘We believe that there will be an impact...
Tough times ahead for property transactions, says property agency Centaline. A bleak market outlook for the coming months, with few to no new projects in the pipeline. Q3 transactions expected to reach only 700 or 800 versus 500 to 600 in July alone. Mortgage loan ratio adjustments and revisions to rental bill to blame.
Work is still suspended on the construction site of City of Dream’s fifth tower, Morpheus, after the death of a 33 year-old worker from mainland China, and a review of safety procedures and policies might follow after the investigation...
The new mortgage adjustment regulations rolled out in May had a significant impact on transactions in June, with real estate agencies predicting the problem will persist in July
Having announced the intent to sell The Landmark Macau property last week, Macau Legend Development is linking itself to regional and national initiatives via its acquisitions, while not being overly reliant upon Chinese clientele
New measures proposed in the rental bill. To increase rental contracts to a three-year minimum. Unfair to landlords of commercial properties, says real estate head. Citing similar measures cancelled in other territories due to decreases in supply and increase in price. Suggestions include adding binding terms for land leasing including public youth apartments.
In the month of May, the number of residential mortgage loans approved by local banks increased 70.7 per cent month-on-month to MOP5.7 billion (US$708.38 million), according to the latest data released by the Macao Monetary Authority (AMCM). Of total residential...
The Housing Bureau awarded MOP14.27 million in subsidies under the Building Maintenance Fund Scheme in the first half of 2017, the government announced yesterday. The Fund approved 161 applications during the period, of which 98 consisted of provisions for...
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