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Macau
Wednesday, July 26, 2017
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...
A new bill for the rental regime suggests a minimum of three-year contracts for both commercial and residential property rentals. The committee revising the bill hopes to submit it before the end of the current Legislative Assembly term. Revisions propose a mechanism to allow the Chief Executive to cap rental prices by taking into account the city’s economic indicators, including inflation and the employment rate
Overall consumer confidence in the MSAR is slightly down, according to a study, in particular in the area of housing purchases. The consumer confidence index for housing purchases reached 51.16 in the second quarter of this year, down 4.15...
Supporting the development of the local construction sector through funds, training and work groups is the way forward, according to legislator and incumbent chairman of the Macao Association of Building Contractors and Developers, Tommy Lau Veng Seng. After a ten-year period of stagnation ended in 2003, the real estate market should now auto-regulate, he states.
As the lending business for gaming operators slows and the government continues to generate a surplus, good banking business prospects present themselves in property, both in Macau and on the Mainland, BNU CEO Pedro Cardoso told Business Daily
Suggestions include ways of repaying the land debt, special land concessions, and granting the concession to the bank involved
Polytex has won this round. With the MSAR Government obliged to explain its position in court. Regarding the failed development of the Pearl Horizon site. Parent company Polytec Asset Holdings claims the development failed to be completed due to delays by the local gov’t in granting requisite approvals and permits.
The Court of Second Instance has denied an appeal by Belo Horizonte regarding the expiration of a concession on a land plot in Pac On. The case is linked to former Secretary Ao Man Long and businessman Ho Meng...
Even with its windowless, rusting facade it remains an icon of headier times in the city. Located at the end of San Ma Lo, and first opening its doors in 1941, new life is to be breathed into the Grand Hotel. When - gov’t licences willing, and two years later – it should blossom into a boutique hotel.
Legislator and Urban Planning Committee members in general agree that more land should be reclaimed to meet current demand and for Macau’s future development
Some 120 top Mainland Chinese companies are to set up branches in the Hengqin New Area of Zhuhai, according to Li Weihui, Deputy Secretary of Hengqin New Area Committee, NewsGD.com reported on Wednesday. Speaking during the World Free Trade Zone...
Fong Son Kin, chairman of the Industrial Association of Macau (IAM), said the government could include more industries in industrial categories such as software development, movie making and photography studio. The comments came during TDM radio programme Macao Forum. Fong...
Housing units in the pipeline were up 7.7 pct in Q1. With 503 new units obtaining licences, a 304 pct y-o-y uptick. The Peninsula will continue to supply the most new-builds, 85 pct of which will be smaller than 75 sq. m. While Taipa and Coloane focus on larger units. For public housing, the gov’t promises to open a new tender this year for units currently in the pipeline - but with no promises on division between economic and social housing.
Coloane housing units tend to be small or large, with no inbetween, while those on the Peninsula are more numerous but smaller. Taipa housing units in planning were mostly T3

Home alone

The city’s general development environment, opportunities engendered by political policies, sense of belonging and family are the positive factors that could encourage local talent currently working overseas to return to the MSAR, local Chinese newspaper Macao Daily reported. Meanwhile, factors...
The director of the Macau General Association of Real Estate (AGSIM), Ip Kin Wa, says transactions and prices of the real estate market this year will both experience slight increases of 5 per cent, local Chinese newspaper Macao Daily...
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