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Macau
Sunday, May 28, 2017
Group says February release contradicts previous practices on attribution of economic housing for couples married during the waiting period
In April, the average price per square metre for housing was up 22 pct y-o-y, SSD amounts paid were up 197 pct y-o-y
The latest data on approved lending shows a skyrocketing trend driven by loans for commercial real estate. March’s figures indicate that the local real estate market is still red hot, in spite of the fact that monthly numbers tend to show a moody performance.
Yesterday, the local Legislative Assembly (AL) passed the law revision of two measures - money laundering measures and countering the financing of terrorism – through a series of alterations to Articles in the two relevant laws currently in effect. Although...
Three taskforces of the Urban Renewal Committee also discussed legal support for residential building renewal and suggestions regarding the setup of the government’s wholly-owned company
Reduced ratios for granting mortgages have been announced. Buyers intending to acquire second residences will get less credit. The pricier the home, the lower the percentage extended. Allegedly to reduce speculation and favour local buyers.
During the first three months of 2017, prices of residential housing in the city further grew having gained momentum in the first quarter of last year, with the overall residential price index reaching 244, according to the latest data...
Citing the example of the MSAR, think tank Our Hong Kong Foundation has laid out a plan for five land reclamation sites across islands off the coast of the city - a plan which is being met by strong...
The tightened housing curbs of Zhuhai are leading investors to shift their focus back to Hengqin, said realtor Centaline (Macau) Property Agency Ltd. in its latest property review and forecast. ‘The new restrictions make investors originally interested in Zhuhai...
The government has revised two contracts of land concessions on the Macau Peninsula, according to dispatches released yesterday in the Official Gazette. The first plot, located near Rua dos Mercadores, is granted for the construction of a commercial building with...

Doubling Up

More residential units were purchased and sold last month. Even though home prices were more expensive. According to Financial Services Bureau data. Which reveals total housing transactions exceeded 1,100 last month. Nearly double those of a year ago. And double those of a month earlier.

A long wait

The city’s old neighbourhoods are still facing many issues for their redevelopment
It has become even more difficult for MSAR residents to buy a new home in Zhuhai, following the mainland city’s recent tightening of its housing purchase regulations. Some capital may thus return to the MSAR, but not a lot, say realtors, explaining that most residents who bought houses in Zhuhai did so for self-use rather than for speculation.
The Macau SAR Government has reclaimed a 2,900-square-metre plot of land in Taipa that was illegally occupied. The parcel will now be developed into a police department building for the Islands, according to a press release from the Land,...
The city’s housing market reversed its downtrend in Q2 last year. Posting a q-on-q increase of 6.8 pct in home prices. Although the residential price index of 2016 is still lower than that of 2015, according to the Statistics and Census Service (DSEC).
However, local banks approved more commercial real estate loans in the same month, as compared to January
The government disbursed some MOP7.5 million (US$937,193) via the Building Maintenance Fund in the first quarter of 2017. The Fund had granted a total of 90 applications, of which 61 cases related to the maintenance and inspection of communal areas...
Local real estate agent reports transactions in the fourth quarter of 2016 for commercial property reached two-year high
Three of the parcels are located in Seac Pai Van Industrial Zone
Chief Executive Fernando Chui Sai On supports the decision of the Legislative Assembly (AL) that turned down the request of legislator-cum professor Gabriel Tong Io Cheng to debate and vote on an “interpretative law” of the Land Law, says...
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