64 Property
The only way is up
Macau’s housing market is back up and running after a brief lull
by Alan Tso
L
ast December was a bumper month for the tal of 4,548 residential units worth MOP8.83 billion
housing market – a total of 2,003 homes were sold, up by 23 percent and 15.3 percent quarter-
worth a total of MOP4 billion were sold. on-quarter respectively. 3,626 of these were on the
Both figures are the highest since May 2008 and Macau peninsula.
conclude a quarter of robust sales in the final months The whole year of 2009 saw a total of 17,310
of last year. property transactions valued at MOP26.3 billion,
down by 19.5 percent and 24.9 percent respectively
Solid proof over the previous year.
It is also worth noting that the number of residential
transactions recorded last December was more than Opposite path
that for the entire fourth quarter of 2008 – solid proof It is interesting to point out that the local housing
of the local market’s recovery from the downturn. market in 2009 took the exact opposite path of 2008.
For the three months to December 2009, a to- While home sales figures went from boom to bust in
March 2010
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