The rental values of residences, office and retail space all experienced year-on-year decreases last year, according to data collected by Jones Lang LaSalle (JLL), forecasting that the rental values this year will continue to fall up to 15 percent.
JLL Macau, the local office of the global real estate services firm, held a press conference yesterday about its year-end property review of Macau in 2016 at its office in Finance and IT Centre (FIT) in Nam Van.
According to the agency’s data, the rental value for high-end and mass-to-medium residential units fell 9 percent and 7.6 percent year-on-year respectively.
JLL Macau Managing Director Gregory Ku Ka Ho (second from right), Head of Residential Jeff Wong Chi Wai (second from left), Office Leasing Associate Director Alison Yip (right) and Retail Associate Director Oliver Tong (left) pose during yesterday’s press conference at FIT Centre in Nam Van. Photo: Monica Leong
