Property News · October 13, 2020

Home buying sentiment expected to be subdued in Macau, after ‘golden week’ tourism arrivals plummet by 90 per cent


Home buying sentiment in Macau, the world’s largest gaming hub, was expected to be subdued after tourist arrivals failed to meet expectations during the “golden week” holiday last week.Residential property transactions dropped 23 per cent year on year to 4,169 deals in the first eight months of the year, according to data from Macau’s Financial Services Bureau. The average price of homes stood at 100,496 patacas (US$12,589.5) per square metre in the first half of this year, a 7.5 per cent drop…

Source : South China Morning Post
Read more…Home buying sentiment expected to be subdued in Macau, after ‘golden week’ tourism arrivals plummet by 90 per cent

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