January 31, 2008The Macau government put its proposal for a law to regulate the real estate brokerage sector out to public consultation, which will require agents to be registered and to pass an examination.
The Macau real estate sector has attracted real estate agencies from Hong Kong to Macau and led to the opening of several specialized companies, which will now be subject to regulation.
Posted in Condominium, Development, Macau News, Macau Property, Macau Real Estate 
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January 11, 2008The value of property in Macau is high compared with what locals have been used to but is still in line with the region, said the asset and liability general manager of the Bank of China Macau branch yesterday.
“We can no longer just look at the local situation, we are now part of the international economy,” said Sou Chan Fai.
Posted in Condominium, Development, Economy & Business, Macau Business, Macau Property, Macau Real Estate No Comments »
January 10, 2008Investor Update Fourth Quarter 2007
Quarterly Highlights
* US$43.1 million in new acquisitions announced
* 101% of Company’s equity now committed
Posted in Condominium, Design & Construction, Development, Infrastructure, Macau Business, Macau General, Macau Property, Macau Success, Social and Politics, eSun No Comments »
November 16, 2007In Macau there were 11,274 real estate sale and purchase contracts with a total value of MOP12.09 billion were made in the first three quarters of 2007, up by 14.0% and 42.0% respectively year-on-year. In the third quarter of 2007, a total of 2,878 real estate sale and purchase contracts were made, involving the transaction of 3,783 units, which dropped by 16.9% and 22.0% over the same quarter of 2006 and the second quarter of 2007 respectively. The corresponding total value amounted to MOP4.09 billion, up by 11.0% year-on-year and 4.7% over the second quarter of 2007.
In the first three quarters of 2007, the total value of mortgage credits granted reached MOP87.28 billion, up by 44.0% year-on-year. In the third quarter of 2007, value of mortgage credits amounted to MOP26.94 billion, of which those relating to purchase of real estate was MOP1.36 billion, up by 52.4% and 15.6% respectively over the same quarter of 2006. Compared with the second quarter of 2007, the total value of mortgage credits decreased by 49.6%, while those relating to purchase of real estate fell by 23.4%.
Posted in Condominium, Construction, Design & Construction, Development, Macau Property, Macau Real Estate No Comments »
November 15, 2007The Macau construction sector registered significant increase in all principal indicators in 2006 that was underpinned by the various large-scale construction projects in progress. In 2006, there were 1,600 establishments operating in licensed construction works, an increase of 181 establishments over 2005.
Number of persons engaged rose by 58.5% to 25,339. Gross output (total value of construction works performed and other receipts) and gross value added amounted to MOP40.36 billion and MOP7.34 billion respectively, up notably by 106.7% and 148.5% over 2005.
Posted in Condominium, Construction, Design & Construction, Development, Hengqin Island, Macau Property, Macau Real Estate No Comments »
November 2, 2007Centraline has just released the Macau Ginza Plaza ???? condominium project on the Macau Peninsula, located just south of the fort.
The project will be 15-story’s high and consists of;
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October 30, 2007Vigers has just released an interesting report about Macau’s economic boom.
Read Report: Macau Property Update report
Courtesy: Vigers
Posted in Condominium, Construction, Design & Construction, Development, Hengqin Island, Macau Property, Macau Real Estate No Comments »
August 15, 2007Despite all the doom and gloom over the visa restrictions, the Macau Statistics and Census Service indicated that 8,396 real estate sale and purchase contracts with a total value of MOP8.0 billion were made in the first half of 2007, up by 30.6% and 65.5% respectively year-on-year. In the second quarter of 2007, a total of 3,849 real estate sale and purchase contracts, involving MOP3.91 billion were made, up by 19.4% and 50.4% respectively over the same quarter of 2006, but decreased by 18.4% and 4.6% respectively compared with the previous quarter.
In the first half of 2007, the total value of mortgage credits granted reached MOP60.34 billion, up by 40.6% year-on-year. In the second quarter of 2007, value of mortgage credits amounted to MOP53.42 billion, of which those relating to the purchase of real estate was MOP1.78 billion, which increased by 32.7% and 51.3% respectively over the same quarter of 2006. Compared with the first quarter of 2007, the total value of mortgage credits surged notably by 6.7 times, while those relating to purchase of real estate fell by 3.0%.
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