Property prices and the number of transactions have gone up slightly in the second quarter of this year because Macau’s low prices are attracting overseas buyers to invest in the market, Centaline Macau and Hengqin Property Agency Senior Director Jacky Shek Pou Tak said yesterday.
The Hong Kong real estate agency’s local office held a press conference on its premises in Macau Square where its senior staff gave a review of the local property market in the first half of the year.
According to the presentation, 1,087 and 1,036 transactions were recorded in April and May respectively, numbers rarely reached in the past three years. There were about 794 transactions in June, up 24 percent year-on-year. In total for the first half year, there were 4,178 transactions. There were just 5,744 transactions for the whole of last year.
Centaline Macau and Hengqin Property Agency Senior Director Jacky Shek Pou Tak (right) and Roy Ho Siu Hang, the agency’s director for Macau and Hengqin, pose during yesterday’s press conference at Macau Square. Photo: Monica Leong
