15.6 C
Macau
Monday, February 27, 2017
Last year, housing transaction values reached a total of MOP58.8 billion, accounting for nearly 80 per cent of the total

Real Estate Rocketing

Real estate in the MSAR continues its upward trajectory. With total transactions increasing dramatically in January. Despite an astounding 60 per cent rise, however, the sector has started to moderate its performance compared to a hectic end to 2016.

Whose fault is it?

Another statement by the city’s land awardees as they argue that they are not responsible for the non-development of their awarded plots
The developer who was supposed to build villas on a land lot near Rua de Choi Long, failed to have the government’s decision to take back the parcel overturned
Guangzhou-based property developer, Agile Group Holdings Ltd saw pre-sales for its residential projects in the mainland surge by 58.8 per cent year-on-year for the first month of the year, reaching a total of RMB4.62 billion (MOP5.4 billion/US$670 million). The company’s...

Home mortgages tumble

But new commercial real estate loans approved by local banks surged by 126 per cent month-on-month
Regarding the persistent matter of providing more accommodation for the city’s civil servants, the MSAR Government says it has to consider the overall benefits for all of society
Secretary Raimundo do Rosário said yesterday that the government would co-ordinate the issuance of occupancy permits for the other residential project of Polytex
President of the Association of Property Agents and Realty Developers of Macau Ung Choi Kun expects the city’s home prices are unlikely to fall this year, while urging the government to update its current taxation measures on real estate transactions....

Keep building

The average daily wages of the city’s construction workers increased from the third quarter to the fourth quarter of 2016
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