Macau Real Estate

Invest in the booming
Real Estate Market in Macau

The long-stagnant property market in Macau is finally awake. According to government figures, more than 3,100 flats were sold during the 1Q of this year. Average price was more than US$ 78,000 per unit. Total volume of transactions was 96 percent up year on year. This is also 26 percent higher vis-a-vis the 2Q.

Property companies in Hong Kong and Macau, as well as China, are rushing in to take full advantage of the opportunities. Buyers and sellers are all confident that this upward trend will last.

The realty industry in Macau is one of the pillar industries of the local economy. Like Hong Kong, the local real estate industry is an indicator of the overall economy.

Land in Macau can be classified into six categories base on the usage:

agriculture,
storage,
commerce,
residential quarters,
industry and
miscellaneous.

Land can also be classified into eight categories on the basis of characteristics:

private,
government leasehold (with a limited duration),
government-owned land for public use,
temporary occupation,
paper of sa chi kai (peculiar to Macau) and
private lease.