Property News · May 5, 2020

Macau’s property market reels from coronavirus as transactions fall to lowest levels since financial crisis


Macau’s property market has been dealt a heavy blow on all fronts by the coronavirus outbreak, and its recovery will need to rely on the city’s beleaguered tourism and gaming industry, analysts said.Residential property transactions in the first quarter of the year were at the lowest levels since 2009, according to data from Macau’s Financial Services Bureau. Some 1,016 homes were sold in the first three months of 2020, a 22 per cent drop from 1,379 in the same period last year.The average…

Source : South China Morning Post
Read more…Macau’s property market reels from coronavirus as transactions fall to lowest levels since financial crisis

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