Property industry: Transactions and prices to grow 5 pct

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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 reported.
Ip indicated that the slight growth in the real estate market is the result of the recent rebound of the city’s gaming industry. The comment came after the banquet on Monday celebrating the 35th anniversary of AGSIM.
Although the growth prediction for 2017 is smaller when compared to the 10 per cent growth seen in previous years, Ip said that the market needs time to recover, noting that gradual recovery signifies a healthy market.

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