Property

Special stamp duty dilemma

More harm than good. So say realtors of the special stamp duty implemented by the gov’t in 2011. They are calling for it to be abolished.

Centaline (Macau) Property Agency Ltd.

Park ‘n ride... to the bank

The property bubble knows no boundaries. Residencies, offices and shops have all bowed to skyrocketing price tags.

There is no brake on car park costs.

Under the hammer

It’s auction time. Two plots of land in Hengqin New Area are reserved for Macau bidders only. Starting price for the two lots is 294 million yuan (MOP378 million).

Great opportunity

Hengqin Headquarters Commercial Building is officially inviting business.

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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