48
Property | Market Watch
More from less T
here is no doubt last year was an intense period for Macau’s real estate sector, especially after the
introduction of the special stamp duty on some residential transactions. Preliminary estimates suggest it
was one of the best years yet for the sector. Ricacorp executive director Jane turnover for
Liu estimates annual
residential properties last year stood at about 17,000 transactions. Should that gure be con rmed when the of- cial data is released later this year, it would represent a year-on-year decline of 5 percent but would be signi cantly above the gures recorded in 2009 or 2008, when 11,300 and 13,700 homes
JANUARY 2012
were sold. The record was set in 2007, when
home transactions peaked at
21,600. The most recent data from the Sta-
tistics and Census Service shows the number of residential
transactions for
the rst 10 months of last year stood at about 15,600. While fewer homes were sold last
year, their average value was higher. Ms Liu estimates the value of residen- tial
transactions reached MOP60 bil-
lion (US$7.5 billion) last year. That would set a new record and an increase of about 30 percent over 2010, when the all-time high was set. The value of home sales until last October stood at MOP54.3 billion.
The value of residential real estate deals rose by one-third on a smaller volume of sales in what was a tumultuous year in real estate
Home prices have also risen in
the past 12 months. Ms Liu estimates the average transaction price per square foot for residential units ended up at MOP3,822 a square foot (about MOP41,125 a square metre), a 23 per- cent increase over 2010. In November, the average price of
homes sold fell by 8 percent month-on- month to MOP38,271 a square metre, according to the latest gures from the Financial Services Bureau.
Tricky conditions Jones Lang LaSalle Macau’s head of residential property Jeff Wong says the market performed far better in the rst half than the second, when the
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116