Macau Real Estate Development Association Chairman Peter Lok Wai Tak said yesterday he expected the city’s home prices to rise by up to 10 percent this year, boosted by the local economy’s stronger performance.
Lok spoke to reporters yesterday on the sidelines of a Chinese New Year banquet hosted by the association, at The Plaza Restaurant in Zape.
Lok said he expected the number of home purchases to rise by 10 to 15 percent this year, partly because some developers will sell flats in their new residential projects this year.
Macau Real Estate Development Association Chairman Peter Lok Wai Tak speaks to reporters at The Plaza Restaurant in Zape yesterday. Photo: Tony Wong
