Property

Housing transactions rebound

Housing transactions were up 12.8 per cent in November over October. Financial Services Bureau data also notes that average housing prices declined 13.7pct in the period.

Look before you leap

Caution advised. So say a legislator and lawyer familiar with sales tactics on Hengqin Island. Prices may be attractive but not all realtors play by the book.

Local residents in search of a cheaper home across the border in Hengqin are lured with sales traps by developers and property agents as most of the new home projects on the island have not yet been i

More mortgages

It’s a bubble, says a prominent economist. New home mortgages increased 45 pct y-o-y in October. With Macau residents accounting for the great majority.

New mortgage lending for housing jumped 45 per cent year-on-year from MOP3.2 billion to MOP4.6 billion, the Monetary Authority of Macau revealed yesterday.

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