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Macau
Sunday, May 28, 2017
Off-plan sales of new residential projects are being launched one after another. Nova Grand from Shun Tak Group is the latest one, seeing the sale of 400 units completed in three days. Purchasing power is apparently strong and has been building up in the past few years, local property agents say, adding that the city needs much more supply.
Pearl Horizon homeowners have announced they will stop repaying their mortgage loans
Chinese property developer group Logan Property Holdings Company Limited reached RMB3 billion (MOP3.5 billion/US$443.8 million) in contracted sales in October, 2016, an 8.7 per cent year-on-year increase from the same period of last year, according to a company filing...
Yesterday, junket operator Tak Chun Group opened its VIP operation in Studio City with nine gaming tables, according to a press release by the company. According to the release, its VIP operation in the Melco Crown Entertainment property is named...
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...
With the assistance of the Housing Bureau, some 280 management committees have been set up in the city. According to the latest data released by the Bureau, it assisted 1,296 cases related to housing management-related affairs in the first...
Housing transactions fell m-o-m in November, with a 62 pct drop in sales in Coloane on the tail of new luxury residential sales the previous month. Housing prices stabilised, with a 1 pct m-o-m increase and a 20 pct y-o-y increase in average home prices. Total home transactions surged 122 pct y-o-y for the month.
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.
Polytex said in its appeal to top court that the seizure of the land plot could potentially bring about the bankruptcy of the company.

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

House rules

The Housing Bureau found 49 cases of suspected irregularities by owners of government public housing in 2016
Property developer Agile Group Holdings saw a 64.3 per cent increase in its profit for the 2016 year, according to the group’s filing with the Hong Kong Stock Exchange. Total profit attributable to shareholders reached RMB2.28 billion, while revenue...

Road Works Ahead

Yesterday’s Legislative Assembly said it: worsening traffic next year. Secretary for Transport and Public Works Raimundo do Rosário confirmed road works will increase in 2017. He also elaborated upon pressing housing issues and the supply of materials.
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....
Last year, housing transaction values reached a total of MOP58.8 billion, accounting for nearly 80 per cent of the total
The Secretary for Transport and Public Works faced down the Legislative Assembly on the city’s main issues yesterday. Nitpicking of his Policy Address continues today. With public housing, LRT and Pearl Horizon centre stage. The Secretary affirmed new housing will be built, while the LRT will continue as planned . . . although potentially not 100 pct operational.
Hong Kong-listed construction service firm Eagle Legend Asia Ltd. saw it net loss expand by 71.5 per cent year-on-year to HK$72.2 million for the year of 2016, with revenue in the MSAR dipping by 87.1 per cent, according to...
The latest AMCM data also reveals that outstanding values for residential mortgage loans remained unchanged whilst commercial real estate loans increased m-o-m
The regional director and Head of Research of JLL in China expects the city’s property market, among other sectors, will be affected most by this recent policy
Total home transactions in the MASR tripled to 1,162 in October y-o-y. Credited to surging sales and purchases in Coloane. Boosted 863 pct y-o-y by the sales of Sky Oasis. Average housing prices for the month, meanwhile, climbed 12.7 pct y-o-y to MOP89,430 per square metre.
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