10,711 new hotel rooms being built in Q2

A total of 15 hotel projects were under construction during the second quarter of the year, and are expected to add 10,711 new rooms to the territory, the latest official data released yesterday by th

Real estate complaint cases increase

MOP36 million worth of complaints relating to property purchases on the Mainland in H1, up 3.5 times y-o-y.

The Consumer Council received 832 complaint cases in the first half of this year, according to the latest information released by the group.

Mediation for engineers

Engineering disputes are better solved through mediation rather than going through legal channels, says Tommy Lau Veng Seng, the Chairman of the Macao Association of Building Contractors and Developer

Century Legend performance tumbles

Local property investor and developer incurs losses of HK$3.2 million in H1.

Property investment and development company Century Legend (Holdings) Ltd.

Respect of property rights paramount

“We respect the land law”, says the President of the Macau Association of Building Contractors and Developers. But the law “should not punish people unjustly,” says Paul Tse.

The property sector respects the new Land Law is the straight answer Paul Tse See Fan, president of the Macau Association of Building Contractors and Developers, gives with regard to all the recent co

Alvin Chau’s Mainland property business posts interim loss

Hotel consultancy services registered a loss of RMB20,000 for the first six months of 2016.

The boss of local junket operator Suncity Group, Alvin Chau Cheok Wa, saw his property businesses in the Mainland remain in the red for the first half of the year despite a surge in total turnover.

Where to call home

A strong demand exists, but a mismatch of supply and demand continues to limit end-user purchases.

Despite the fact that the housing market has ‘hit bottom’ – the term now commonly being heard around town – the real estate industry does not expect any large change in prices for the remainder of the

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