Tag Archives: residential

Macau sees property sales plunge in first half

Something strange is happening in Macau’s property market. After a rapid expansion period in 2017 and a cooling off last year, residential sales, which usually follow gaming revenue trends, saw a sharp fall in the first half of this year. Transactions plunged 42.2% YoY, according to DSF statistics. Offices did slightly better, but retail space also took a knock. This is despite the influx of visitors, which were up nearly 25%, and the stabilization of gaming revenues, which were slightly positive.

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