50
Property | Market Watch
government introduced a special stamp duty on residential unit transactions to curb speculation. This year, he is less certain of how
the market will perform, predicting Macau will feel the impact of the eco- nomic crisis in Europe. “There will be uncertainties,” Mr
Wong says. But he sees a strong mar- ket and an increasing number of expats boosting property rentals. The number of sales may, however,
be on the low side. “Most buyers are end-users and not many people are con- dent in the outlook of the economy,” Mr Wong says. But for Midland Macau chief ex-
ecutive of cer Ronald Cheong Yat Fai, next year the property market will be saturated. “Property
prices will be
stagnant,” he says, adding that if any- thing prices could drop slightly be- tween 10 percent and 15 percent in the rst half of this year. The second half, Mr Cheong says, will depend on the overall sentiment of the market. Several developments are moving
towards sale. These include Nova Park in Taipa, M Residencies on the penin- sula and the new phase of One Oasis Cotai South in Coloane, all of which are under construction. Although the government had
promised to introduce a bill to legislate the sale of un nished properties by the end of December, the Legislative As- sembly is yet to receive a draft proposal. The government’s own data shows
more than 3,300 residential units are under construction or have been given the go-ahead by the government.
Average transaction value of residential properties as per record of stamp duty
Value (MOP thousand)
6,000 5,000 4,000 3,000 2,000 1,000 0
Jan Feb Mar Apr May Jun Aug Sep Oct Nov Dec 2010
Jul
Jan Feb Mar Apr May Jun Jul Aug Sep Oct 2011
* Notes: 1. The data includes transactions of residential units exempted from stamp duty. 2. The data covers residential units with stamp duty paid during the reporting month.
Average transaction price of residential units per square metre (MOP)
60,000 55,000 50,000 45,000 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0
Jan Feb Mar Apr May Jun Aug Sep Oct Nov Dec 2010
Jul
Jan Feb Mar Apr Ma Juny 2011
Jul Sep Nov Aug Oct
* Notes: 1. The data includes transactions of residential units exempted from stamp duty. 2. The data covers residential units with stamp duty bill issued during the reporting month. 3. Some residential units may not be included in the data made available by the Financial Services Bureau for privacy reasons.
SKYLINE VOTED ONE
OF THE WORLD’S BEST M
acau’s skyline is among the best in the world, according to Emporis, an online database of properties worldwide.
The territory is positioned at number 20 on a list headed by Hong Kong and followed by New York at number two. Emporis ranks cities by the visual impact of their sky-
lines. The total points for each city are calculated based on the number of completed buildings with at least 12 oors reg- istered in the Emporis database. Each building is assigned points based on its oor count. According to Emporis, Macau has 564 high-rise
buildings. The online database says there are 29 skyscrapers in the
territory, which is to say buildings at least 100 metres high or with at least 40 oors, putting Macau in spot 56 worldwide. Hong Kong is the leader in this category, with a total of
1,221 skyscrapers. JANUARY 2012
Source: Financial Services Bureau
Source: DSEC
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